Ainsworth Game Technology (AGT), the Australian gaming machine and software specialist, is to turn its attention to the social casino industry, following its posting of significant year-on-year growth from the twelve months leading through to June 30, 2014.
AGT reported full-year revenue of AUS $244.1 million (€172.9 million).
This figure represents a significant increase of 23% that they made the previous year.
The company’s revenue jumped 21% to AUS $89.4 million, while their net profit after tax was AUS $61.6 million, which was up 18% on the AUS $52.2 million achieved in 2013.
Furthermore, the company also recently joined forces with a social casino application provider, in order to offer its slots content to the social casino sector.
Chief executive officer of AGT, Danny Gladstone, said: “This strategic investment in current social platform technology will provide further opportunities to provide AGT’s recognised brands to a greater number of users through social and mobile channels.”
Mr Gladstone added that AGT will continue to expand into the America, following the success of early installations.
He said: “I am pleased with the momentum and results achieved to date, particularly the feedback following the installation of products within the Americas.
“We continue to pursue opportunities to establish gaming operations in the Americas with products under participation or of a recurring revenue nature.”
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