Latest news with #AinsworthGameTechnology
AU Financial Review
12-05-2025
- Business
- AU Financial Review
Billionaire's son takes up the fight for the future of Ainsworth
More than seven years have passed since billionaire poker machine king Len Ainsworth sold a majority stake in his namesake company to Austrian family business Novomatic. That deal, worth $500 million, ended his affiliation with Ainsworth Game Technology and gave Novomatic the chance to grow its presence in the United States. The Ainsworth family has barely uttered a word about the company since 2018, even as shares in AGT slumped more than 55 per cent. But an attempt by Novomatic to take full control of the business has changed that.
AU Financial Review
01-05-2025
- Business
- AU Financial Review
Allan Gray, Spheria slam Ainsworth board over takeover bid
Ainsworth Game Technology's largest minority investor has accused its board of failing to act in the interest of shareholders after it endorsed plans to hand control to Novomatic, an Austrian family-owned business. Allan Gray and Spheria Asset Management, which together own about 13 per cent of the poker machine maker's shares, claimed they were 'snookered' by Ainsworth's board and alleged it had ultimately supported the path of 'least resistance'.
Yahoo
28-04-2025
- Business
- Yahoo
AGS Appoints Arthur Rotziokos and Richard Orozco to Lead International Growth Efforts
LAS VEGAS, April 21, 2025 (GLOBE NEWSWIRE) -- AGS (NYSE: AGS), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced two key appointments that will significantly strengthen its international operations. Arthur Rotziokos has been appointed as the Senior Director of Product Management – Asia-Pacific (APAC), and Richard Orozco has assumed the role of Senior Director of Product Management - International. Both report to Rob Ziems, AGS' Chief Business and Legal Officer, who oversees international business. "With tremendous growth potential and plenty of greenfield in international markets, AGS is well-poised to seize new opportunities on the global stage. Both Arthur and Richard bring unparalleled expertise and a deep well of gaming industry experience that will be vital to AGS' global expansion strategy. Their leadership will be instrumental as we accelerate our international reach and advance our product offerings in these key markets," said Rob Rotziokos, based in Sydney, Australia, will lead AGS' entry into the rapidly expanding APAC market. With over three decades of experience in the gaming industry, including his most recent role as Vice President of Research & Development at Light & Wonder, Rotziokos is well-positioned to drive AGS' strategic expansion across the region. His career spans roles at leading companies such as Ainsworth Game Technology and IGT, where he developed strong industry relationships and pioneered game development initiatives that led to business growth in global Orozco, an experienced leader in international product management, will oversee AGS' global product strategies, focusing on regions such as Latin America and Europe. Orozco joins AGS with extensive experience in managing product portfolios across international markets, including his most recent role as Vice President of Product Strategy at Ainsworth Game Technology. In his new role, he will work to drive market performance, optimize product lifecycles, and strengthen AGS' market share in key international territories. With both Rotziokos and Orozco taking on pivotal roles, AGS is poised to build its brand and gain a foothold in key international markets, further enhancing its commitment to delivering cutting-edge gaming products and solutions to operators and players worldwide. About AGSAGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, and our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at AGS Media Contact:Julia Boguslawski, Chief Marketing OfficerNikki Davis, Director, Marketing & CommunicationsPR@ AGS Investor Contact:Brad Boyer, Senior Vice President of Corporate Development & Capital MarketsInvestors@ ©2025 AGS LLC. All® notices signify marks registered in the United States. All ™ and ℠ notices signify trademarks, which are not registered on any country-wide basis. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc. Photos accompanying this announcement are available at: This press release was published by a CLEAR® Verified in to access your portfolio
AU Financial Review
28-04-2025
- Business
- AU Financial Review
Ainsworth shareholder slams takeover bid as shares climb 31 per cent
An American shareholder of Ainsworth Game Technology has accused the poker machine maker of misleading minority shareholders after it said it would hand control to Novomatic, an Austrian family-owned business. Ainsworth told investors on Monday that Novomatic, its major shareholder, would acquire the 47.1 per cent of shares it did not already own for a cash consideration of $1 per share. The offer was a 35 per cent premium on Ainsworth's last closing price, giving it an enterprise value of $336.5 million. Shares climbed more than 31 per cent to 97¢ on Monday.
Yahoo
01-04-2025
- Business
- Yahoo
Is Now An Opportune Moment To Examine Ainsworth Game Technology Limited (ASX:AGI)?
Ainsworth Game Technology Limited (ASX:AGI), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the ASX. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Let's examine Ainsworth Game Technology's valuation and outlook in more detail to determine if there's still a bargain opportunity. Good news, investors! Ainsworth Game Technology is still a bargain right now. According to our valuation, the intrinsic value for the stock is A$1.21, but it is currently trading at AU$0.80 on the share market, meaning that there is still an opportunity to buy now. Although, there may be another chance to buy again in the future. This is because Ainsworth Game Technology's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity. View our latest analysis for Ainsworth Game Technology Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Though in the case of Ainsworth Game Technology, it is expected to deliver a highly negative earnings growth in the next few years, which doesn't help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term. Are you a shareholder? Although AGI is currently undervalued, the adverse prospect of negative growth brings about some degree of risk. We recommend you think about whether you want to increase your portfolio exposure to AGI, or whether diversifying into another stock may be a better move for your total risk and return. Are you a potential investor? If you've been keeping tabs on AGI for some time, but hesitant on making the leap, we recommend you dig deeper into the stock. Given its current undervaluation, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future. If you want to dive deeper into Ainsworth Game Technology, you'd also look into what risks it is currently facing. While conducting our analysis, we found that Ainsworth Game Technology has 1 warning sign and it would be unwise to ignore this. If you are no longer interested in Ainsworth Game Technology, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
