{"id":70,"date":"2024-06-13T03:39:15","date_gmt":"2024-06-13T00:39:15","guid":{"rendered":"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/"},"modified":"2024-06-17T12:55:24","modified_gmt":"2024-06-17T09:55:24","slug":"ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year","status":"publish","type":"post","link":"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/","title":{"rendered":"Ainsworth Predicts $11 Million Loss for First Half of 2021 Fiscal Year"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/kwxjfuPlArY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ainsworth Gaming Corporation (AGC) predicts a deficit of $15 million Australian dollars ($11 million in American currency) for the initial six months of its 2021 budget year, concluding December 31, 2020. This shortfall results from the continuing effects of the COVID-19 crisis on traditional, physical gaming establishments.<\/p>\n<p>This Australian gaming device provider anticipates that the &#8220;difficult market circumstances&#8221; encountered in the latter half of 2020 will persist into the first six months of 2021.<\/p>\n<p>During its Yearly Shareholder Meeting (ASM), the provider declared a consolidated Earnings Before Interest, Taxes (EBIT) deficit of $15 million AUD (excluding currency fluctuations and non-recurring expenses). This aligns with the company&#8217;s projections following the &#8220;September quarter consequences.&#8221;<\/p>\n<p>Nevertheless, the provider expressed optimism for enhanced performance throughout the entire 2021 fiscal year, considering the present North American climate. Conversely, the extensive COVID-19 surges in Latin America are projected to influence commerce through the remainder of 2020.<\/p>\n<p>&#8220;I foresee FY21 presenting two distinct periods. The initial half will center on solidifying our standing during a phased reopening process; the latter half will focus on recuperation and expansion as we enter the &#8216;next normal&#8217;,&#8221; stated AGC Chief Executive Officer Laurence Levy.<\/p>\n<p>&#8220;Broadly, AGC, with its solid standing, robust financial position, and ongoing dedication to advancement, is well-situated to capitalize on the industry&#8217;s resurgence as client venues reopen and capital expenditures rise.&#8221; <\/p>\n<p>The fiscal period concluding June 30, 2020, proved challenging for AGT, as they recorded a substantial deficit of $43.4 million AUD. This contrasted sharply with the $10.9 million AUD gain reported in the preceding year.  A steep 36% plunge in earnings, which plummeted to $149.4 million AUD, was identified as the primary driver of this decline. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ainsworth Gaming Corporation (AGC) predicts a deficit of $15 million Australian dollars ($11 million in American currency) for the initial six months of its 2021 budget year, concluding December 31, 2020. This shortfall results from the continuing effects of the COVID-19 crisis on traditional, physical gaming establishments. This Australian gaming device provider anticipates that the [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ainsworth Gaming Predicts $11 Million Deficit, Citing COVID-19 Impact<\/title>\n<meta name=\"description\" content=\"Ainsworth Gaming Corporation (AGC) forecasts a challenging start to 2021, projecting an $11 million deficit due to the ongoing effects of the COVID-19 pandemic on the gaming industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ainsworth Predicts $11 Million Loss for First Half of 2021 Fiscal Year\" \/>\n<meta property=\"og:description\" content=\"Ainsworth Gaming Corporation (AGC) forecasts a challenging start to 2021, projecting an $11 million deficit due to the ongoing effects of the COVID-19 pandemic on the gaming industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay Ahead of the Game with Our Licensed Online Casino News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T00:39:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:55:24+00:00\" \/>\n<meta name=\"author\" content=\"Amelia &quot;Aria&quot; Nelson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amelia &quot;Aria&quot; Nelson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/\",\"url\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/\",\"name\":\"Ainsworth Gaming Predicts $11 Million Deficit, Citing COVID-19 Impact\",\"isPartOf\":{\"@id\":\"https:\/\/freecashnodepositcasino.icu\/#website\"},\"datePublished\":\"2024-06-13T00:39:15+00:00\",\"dateModified\":\"2024-06-17T09:55:24+00:00\",\"author\":{\"@id\":\"https:\/\/freecashnodepositcasino.icu\/#\/schema\/person\/276adb112c5128b849cc6d1f5d62e143\"},\"description\":\"Ainsworth Gaming Corporation (AGC) forecasts a challenging start to 2021, projecting an $11 million deficit due to the ongoing effects of the COVID-19 pandemic on the gaming industry.\",\"breadcrumb\":{\"@id\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/13\/ainsworth-predicts-11-million-loss-for-first-half-of-2021-fiscal-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/freecashnodepositcasino.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ainsworth Predicts $11 Million Loss for First Half of 2021 Fiscal Year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/freecashnodepositcasino.icu\/#website\",\"url\":\"https:\/\/freecashnodepositcasino.icu\/\",\"name\":\"Stay Ahead of the Game with Our Licensed Online Casino News\",\"description\":\"Stay informed and maximize your gambling experience with our fresh casino news, detailed reviews, and expert insights. 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