Ainsworth’s Australian Business Continues to Deteriorate Rapidly. FVE cut to AUD 2.70
Ainsworth Game Technology gave a very disappointing trading update and is guiding for a poor interim result on a very weak performance in Australia. Ainsworth’s first-half fiscal pretax profit on a constant currency is expected to be around AUD 15 million versus AUD 35 million in the previous corresponding period. The company expects the second half results to show significant improvement year on year, from expected growth and seasonality of sales in the North American market and synergy benefit...Ainsworth Game Technology is a gaming machine developer, designer and manufacturer operating in local and global markets. Co. is engaged in the design, development, production, lease, sale and servicing of gaming machines and other related equipment and services. Co. provides its product within both land based and on-line gaming markets, including social gaming and licensed Real Money gambling markets. Co.'s game brands include Mustang Money 2™, Thunder Cash™, Twice The Money™ and Cash Cave™.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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