Shares in gaming machine company Ainsworth Game Technology Limited (ASX: AGI) are up 9.7% to $1.13 at the time of writing after the company reported a guidance upgrade yesterday.
Ainsworth has upgraded second half profit before tax from $20 million to $22.8 million, with FY18 profit before tax upgraded from $36 million to $39 million.
The guidance upgrade takes into account the completion of the order to Churchill Downs Incorporated for a total of 900 machines with Kentucky Horse Racing Commission increasing its machines from 600 to 900.
Ainsworth is in need of the boost to investor sentiment after 12 months of declines for its share price, which is down from $2.25 at this time last year.
Tabcorp Holdings Limited (ASX: TAH) is the ASX's most prominent gambling stock, with Crown Resorts Ltd (ASX: CWN) representing the casino space alongside Star Entertainment Group Ltd (ASX: SGR) and Skycity Entertainment Group Limited (ASX: SKC).
