Ainsworth Game Technology shares plunge after profit downgrade
John StensholtFormer Rich Editor
Updated
Poker machine manufacturer Ainsworth Game Technology has slashed its forecast pre-tax profit for the June half by more than 50 per cent, blaming competition and regulatory issues.
AGT on Friday said its half-year profit before tax was now expected to be about $20 million, compared with a previous forecast at the end of February of slightly more than $42.2 million.
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John Stensholt is a former editor of the BRW Rich 200 and Young Rich Lists.
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