GGB is committed to providing updated news and analysis on our weekly news site,

Ainsworth Secures Credit Facility

Ainsworth Secures Credit Facility

Australia-based slot manufacturer Ainsworth Game Technology Ltd. has secured a new five-year secured-credit facility worth US$35 million, with United States-based lender Western Alliance Bancorp, for the primary purpose of paying down other debt.

“Proceeds of US$28 million from this new facility have been used to extinguish all company obligations under the prior revolving credit facility with Australia and New Zealand Banking Group Ltd (ANZ),” said Ainsworth last week in a filing with the Australian Securities Exchange.

The group was due to release its latest unaudited financial results on February 25. As of December 31, the company reported that it held cash balances amounting to AUD24 million (US$18.6 million), with net debt of AUD15 million as of the same date.

    Recent Feature Articles

  • New York, New York

    There are 11 potential suitors for three available downstate casino licenses in New York, and all are in metropolitan New York City

  • Bring on the Locals

    Vietnam casinos are thriving, but opening up the market to the country’s citizens would be the jackpot.

  • In Sunshine and in Shadow

    As iGaming continues its expansion quest, RG efforts must remain a central focus for all stakeholders

  • Digital Fluency

    Conversations surrounding digital need to include everyone, not just a department

  • Two Decades of Advocacy

    The European Casino Association champions Europe's licensed land-based casinos