The gaming giant Ainsworth announced it will continue developing technology amid Coronavirus crisis.<\/p>\n\n\n\n\n\n\n\n
Australia.- The CEO of slot machine firm Ainsworth Game Technology Limited (AGT) says the company will\u00a0push ahead with its game development programs\u00a0despite concerns about profitability amid Coronavirus crisis.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
\u201cThese are unprecedented times with our industry clearly suffering from the impact of COVID-19,\u201d Levy said. \u201cAGT is taking steps to mitigate the financial impacts of reduced revenue. Our game development programs, which are the key to AGT\u2019s long-term sustainable profitability, remain unaffected and on track.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The gaming giant Ainsworth announced it will continue developing technology amid Coronavirus crisis.<\/p>\n","protected":false},"author":2,"featured_media":4812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Ainsworth Game Technology (AGT) has affirmed its commitment to ongoing game development programs despite significant revenue reductions and decreased capital expenditure from customers due to the Coronavirus crisis. The B2B supplier is prioritizing long-term sustainable profitability by maintaining R&D investment amidst unprecedented market disruption, particularly from casino and venue closures.","focusai_entities":"Ainsworth Game Technology Limited, AGT, Lawrence Levy","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), product_ux (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"AGT Financial Impact?","query":"What is the projected impact on AGT's Q2\/Q3 financial performance given the sustained R&D investment amidst reduced revenue streams from casino closures and decreased capital expenditure?"},{"label":"Competitive Positioning Post-COVID?","query":"How will AGT's continued game development strategy influence its competitive positioning against other B2B gaming technology suppliers post-COVID-19 market recovery, particularly in key gaming verticals?"}],"footnotes":""},"categories":[160,16336,157],"tags":[289,573,2067],"class_list":["post-4809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-business-news","tag-australia","tag-slot-machines","tag-technology"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4809"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4809\/revisions"}],"predecessor-version":[{"id":20980,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4809\/revisions\/20980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4812"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}