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Ainsworth Game Technology disclosed that its systems have been breached in a cyberattack on Wednesday (27 November).

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The Australian gaming supplier said the cybersecurity incident is currently under investigation, and that it has experienced disruptions in its internal systems and operations.

However, Ainsworth said cautionary measures implemented mean it does not expect the breach to materially impact its H2 2024 financial results.

This marks the latest gaming supplier to face a cybersecurity incident since IGT reported a similar attack earlier in the month.

It follows Ainsworth’s larger Australian competitor Aristocrat also reporting a cyberattack in August 2023.

The business also released a preliminary trading update for the six-month period ending 31 December, highlighting an expected profit in the range of $8m to $10m.

This represents a decline from the $14.3m reported by the company in H1 2024.

CEO Harald Neumann said: “I am encouraged by the growth in revenue in the period and expect growth to continue in coming periods as we release the next suite of game offerings across our global markets. 

“The development initiatives previously undertaken are having progressive improvements in game performance within our markets. Additional game releases and hardware initiatives are expected to maintain the growth experienced in coming periods”.

Ainsworth highlights positive momentum

Ainsworth said its results reflected positive momentum achieved across the company, with revenue projected to increase 12% sequentially compared to the to $121.4m generated in the first six months of this year.

All geographic regions posted solid growth in the period, said the group, excluding the digital segment.

Ainsworth’s online operations suffered an initial decline following reduced contributions from GAN due to the termination of an exclusivity agreement.

Gross margins were also negatively impacted compared to the previous six-month period, resulting in the lower overall profitability.

Margins are expected to be 62% in H2 2024, compared to the 67% reported earlier in the year.

This has resulted from a range of factors including Ainsworth’s Latam product mix and competitive market conditions, it said.

Ainsworth also noted that cost control measures resulted in similar overheads to H1 despite the increased projected revenue.

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