Two stocks In The Gaming Industry – AGI and CWN

Gaming has always been a fun activity for both adults and kids. But in the recent years the enthusiasm for gaming has surged up to new levels, and the industry has been looked upon to capitalise this craze for commercial returns.

Let’s have a quick glance at two of the ASX listed gaming companies.

Ainsworth Game Technology Limited

Ainsworth Game Technology Limited (ASX: AGI) is an ASX listed gaming company based in Sydney, Australia with a global presence across 50 countries. The company strives to provide excellence in global gaming solution by encompassing every process from developing the product to its final installation.

On 7th May 2019, the company announced its trading update in which it had reduced PBT expectation on a pre-currency basis to $4 million for the six months ended on 30th June 2019. The reason stated for this was due to the intense competition delays in new product approvals. The company also expects its balance sheet carrying values of its Australian and digital assets to be reduced by $5 million non-cash impairment charge.

In the recent 1HFY19 results, the company posted total sales revenue of A$118 million and EBITDA of A$29.7 million. The net profit stood at A$12.1 million for the reported period, while the diluted EPS went up to A$0.04 from A$0.02 compared to pcp. On the balance sheet front, the total assets were reported at A$497.8, and the total liabilities stood at A$103.8 million.

The stock of the company is currently trading at A$0.820, down by 1.205% (as on 8 May 2019, 1:00 PM AEST). The market capitalisation of the company is A$279.54 million. The 52-week high and low of the stock is A$1.315 and A$0.675 respectively. In the last one year, the stock has delivered a negative return of 29.96%. However, its YTD return stands at 5.06%.

Crown Resorts Limited

Crown Resorts Limited (ASX: CWN) is an ASX listed company based in Melbourne, Australia. The company is into entertainment and gaming business with its operations and investments in various regions like Australia, US, UK etc. The company is an integrated resort business and owns two leading integrated resorts in Australia Crown Perth Entertainment Complex and Crown Melbourne Entertainment Complex.

On 9th April 2019, the company had announced that it was in discussion with Wynn Resorts Limited for acquiring 100% stake in Crown by Wynn via a scheme of arrangement (for a combination of 50% cash and 50% Wynn shares). The discussions were stated to be at a preliminary stage with no agreement being signed between the two parties.

Also, on 10th April 2019, the company released another announcement stating Wynn had ended all discussions with Crown regarding any kind of transaction.

In the 1HFY19 result, the company posted total normalised revenue standing at $1,536.7 million. The group’s EBITDA was of $418.8 million was reported for the period, and EBIT stood at $278.4 million. The EBITDA/ Revenue % stood at 25.5%.

The stock of the company is currently trading at A$13.350, down by 0.743% (as on 8 May 2019, 1:00 PM AEST). The market capitalisation of the company is A$9.11 billion. The 52-week high and low of the stock is A$14.59 and A$11.23 respectively. In the last one year, the stock has delivered a return of 1.43%, and the YTD return stands at 14.96%.


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