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Why has the Ainsworth Game (ASX:AGI) share price dropped 7% today?




The Ainsworth Game Technology Limited (ASX: AGI) share price is down 7.1% at 32.5 cents today, on news the company expects to make a loss of $15 million in the first half of FY21. The slot machine manufacturer projects that depressed market conditions as a result of COVID-19 will continue to impact its business throughout the first half.

A more positive outlook for the second-half

Despite forecasting challenging market conditions for the first half, Ainsworth is optimistic that its business will improve in the second-half. 

The company says that based on the current landscape in North America, it anticipates improved performance as FY21 progresses. This improvement will be built on on the success of its HHR (Historical Horse…

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