{"id":9,"date":"2024-06-10T08:02:29","date_gmt":"2024-06-10T05:02:29","guid":{"rendered":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/10\/ainsworth-gaming-secures-35-million-credit-facility-from-western-alliance-bank\/"},"modified":"2024-06-11T10:43:21","modified_gmt":"2024-06-11T07:43:21","slug":"ainsworth-gaming-secures-35-million-credit-facility-from-western-alliance-bank","status":"publish","type":"post","link":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/10\/ainsworth-gaming-secures-35-million-credit-facility-from-western-alliance-bank\/","title":{"rendered":"Ainsworth Gaming Secures $35 Million Credit Facility From Western Alliance Bank"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/wANH85VkLQI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ainsworth Gaming Corporation (AGC) has obtained a fresh financial boost through a $35 million credit agreement with Western Alliance Bank (WAB). This five-year arrangement supersedes a previous credit line the Australian gaming machine manufacturer held with ANZ Bank.<\/p>\n<p>Ainsworth will allocate $28 million from the new loan to settle its outstanding balance with ANZ. The firm will disclose further particulars regarding this new financial pact upon the release of its semi-annual results on February 25th.<\/p>\n<p>This development follows AGC&#8217;s announcement of a robust revenue recovery for the six-month period ending December 31, 2020. The company generated $72 million, marking a 71% surge compared to the latter half of the 2020 fiscal year.  Notwithstanding this upward trajectory, revenue remains 33% lower than the corresponding period in the preceding year.<\/p>\n<p>Looking forward, AGC anticipates reporting positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $6 million for the initial six months of 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ainsworth Gaming Corporation (AGC) has obtained a fresh financial boost through a $35 million credit&#8230;<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ainsworth Gaming Secures $35M Credit Facility with Western Alliance Bank<\/title>\n<meta name=\"description\" content=\"Australian gaming machine maker Ainsworth Gaming Corporation (AGC) lands a new $35 million credit agreement with Western Alliance Bank (WAB), replacing its previous line with ANZ Bank. 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