Ainsworth Game Technology (ASX:AGI) likely to benefit from increased wages and tourists growth

Thu 21 Nov 24, 12:24 AM | Team Kalkine

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Highlights

Ainsworth Game Technology designs, manufactures, develops, sells and services gaming machines.

In September 2024, short-term visitor arrivals increased by 7.9% YoY and short-term resident returns grew by 8.7% YoY.

In 1HFY24, AGI’s revenue stood at AU$121.4 million.

Ainsworth Game Technology Limited (ASX:AGI) is an ASX-listed company which designs, manufactures, develops, sells and services gaming machines and related equipment and services. The company is expected to benefit from an increase in tourism, higher disposal income and a strong labour market in Australia.

According to the data published by the Australian Bureau of Statistic (ABS) on 20 November 2024, the total wages and salaries paid by employers increased by nearly 3.9% on monthly basis in September 2024 with all the 19 industries recording a growth in salaries and wages.

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