The gaming giant Ainsworth announced it will continue developing technology amid Coronavirus crisis.
Australia.- The CEO of slot machine firm Ainsworth Game Technology Limited (AGT) says the company will push ahead with its game development programs despite concerns about profitability amid Coronavirus crisis.
While Australia enforced the closure of all casinos, pubs and clubs, among other non-essential activities, Ainsworth issued an update on operations following recent developments in its major domestic and international markets.
As a result, the developer recognized a reduction in expected capital expenditure from customers on gaming machines and a reduction in participation revenues in all markets, but CEO Lawrence Levy said Ainsworth would continue to invest in its game development resources.
“These are unprecedented times with our industry clearly suffering from the impact of COVID-19,” Levy said. “AGT is taking steps to mitigate the financial impacts of reduced revenue. Our game development programs, which are the key to AGT’s long-term sustainable profitability, remain unaffected and on track.”