NYSE:AGS
Here Comes the Hot Stepper: AGS Unveils its First Mechanical Stepper and More at IGA 2024
![here-comes-the-hot-stepper:-ags-unveils-its-first-mechanical-stepper-and-more-at-iga-2024](https://recentslotreleases.com/wp-content/uploads/2024/04/134564-here-comes-the-hot-stepper-ags-unveils-its-first-mechanical-stepper-and-more-at-iga-2024.jpg)
LAS VEGAS, April 03, 2024 (GLOBE NEWSWIRE) — AGS (NYSE: AGS or “the Company”), a global gaming supplier of high-performing slot, table, and interactive products, steps into a new vertical as it unveils its first mechanical reel cabinet among a diverse lineup of new products at the 2024 Indian Gaming Association (“IGA”) trade show in Anaheim, CA. AGS is set to sizzle with a stunning array of new products, from mesmerizing slot hardware and cutting-edge core and premium games to its ultra-reliable card shufflers, award-winning table progressives, and growing library of online games.
Where Nostalgia and Modern Technology Collide
At IGA in booth 460, AGS transcends time with the highly anticipated launch of its classic Revel™ cabinet. Featuring traditional stepper elements reminiscent of gaming’s golden age, Revel transports players back in time with its authentic jackpot bell, mechanical arm-pull, and champagne gold accents. The classic-meets-modern cabinet seamlessly interlaces approachable modern touches such as game-state controlled reel LED lights and a vivid 4K high-definition video paytable display, all framed by AGS’ iconic twinkling eclipse lighting. The combination of these features sets the framework for AGS to offer unmatched three-reel games, including the first four mechanical stepper games premiering at IGA: Triple Treasure™, Liberty Diamond™, Flaming Reels™, and Diamond Reels™.
Heavy-Hitters Stepping Up to the Plate
But that’s not all – AGS will reveal new core and premium games to support its recently launched Spectra UR49™ and Spectra UR43 Premium™ form factors, including the Triple Coin Treasures Gold™ brand extension from the award-winning Triple Coin Treasures® games and the trending Bacon Riches™ games displayed on the chart-topping Spectra UR43™ portrait cabinet.
The Crescendo of Online Gaming
AGSi, AGS’ Interactive division, is making waves in the online gaming world, earning the number two spot in the most recent Eilers-Fantini Online Game Performance Report and picking up momentum leading into IGA with its successful cross-channel debut of Rakin’ Bacon Odyssey® in New Jersey and its expansion with multiple operator partners in West Virginia. AGSi continues executing on its game roadmap with new high-performing real-money online games released into the market–most recently earning five spots per the March ‘24 Eilers-Fantini Online Game Performance 25 New Top Game Ranks: Platinum 8X8X8X™ (#2), AGSi’s interactive-first game Double Shamrock™ (#14), Rakin’ Bacon Deluxe® Golden Blessings® (#16), Gold Inferno® (#21), and Mine Blast™ (#25).
Bringing Industry-Leading Innovations to the Table
AGS’ single-deck shuffler, Pax S® will be on display at IGA. Its unmatched reliability provides operators with more optionality, and its hassle-free setup has made it possible to quickly go live in over 65 casinos across 20 states and provinces since first launching in 2022. In addition, AGS’ award-winning side bet progressive system Bonus Spin™ Xtreme continues to create celebratory jackpots by linking all table games on a floor and recently awarded its highest progressive jackpot to date of over $1.5 million. The Tables division continues to innovate on the popular progressive system and will showcase an added high-hand option to operators looking to award players for high-ranking hands.
Don’t miss out on all the excitement at IGA – follow AGS at @play_AGS on social media for updates and visit booth 460 to experience AGS’ thrilling new products. Get ready to revel in the future of gaming with AGS!
About AGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, and our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.
AGS Media Contact:
Julia Boguslawski, Chief Marketing Officer
Nikki Davis, Director, Marketing & Communications
[email protected]
AGS Investor Contact:
Brad Boyer, Senior Vice President of Investor Relations & Corporate Operations
[email protected]
©2024 AGS LLC. All® notices signify marks registered in the United States. All ™ and ℠ notices signify trademarks, which are not registered on any country-wide basis. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/b3281956-3533-472b-aa32-6ea0bd0e828a
NYSE:AGS
AGS Unveils its Latest Table Innovation Bonus Spin Xtreme for Poker Rooms and an Exciting New Lineup of Slot Games at OIGA 2024
![ags-unveils-its-latest-table-innovation-bonus-spin-xtreme-for-poker-rooms-and-an-exciting-new-lineup-of-slot-games-at-oiga-2024](https://recentslotreleases.com/wp-content/uploads/2024/08/138865-ags-unveils-its-latest-table-innovation-bonus-spin-xtreme-for-poker-rooms-and-an-exciting-new-lineup-of-slot-games-at-oiga-2024-scaled.jpg)
OKLAHOMA CITY, Aug. 07, 2024 (GLOBE NEWSWIRE) — PlayAGS, Inc. (NYSE: AGS or “the Company”), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced it will showcase its new mechanical stepper, innovative slot games, award-winning table progressives, and more at the Oklahoma Indian Gaming Association (“OIGA”) trade show on August 13 – 14.
Here are the top products to see at OIGA in Booth 732:
- An award-winning progressive platform for poker rooms: AGS continues to innovate on its proven table game progressive side bet systems and will showcase its latest innovation, Bonus Spin™ Xtreme for poker rooms. With an embedded table display, AGS premieres a side bet option that is sure to add incremental revenue to any poker room. In addition, don’t miss AGS’ highly reliable, easy-to-install single-deck specialty shuffler Pax S® and its poker shuffler Dex S®.
- Never-before-seen premium slot games: OIGA attendees will have a first look at AGS’ farm-themed, three-pot metamorphic game, Moo Cluck Oink™, on its Spectra UR43 Premium™ cabinet.
- There’s always more Spectra™ core: AGS displays its deep portfolio of games on its award-winning upright cabinet, Spectra UR43™ and Spectra UR49™, including recent Eilers-Krejcik Gaming Reports ‘Top 50 Indexing New Games – Core, Video,’ Money Charge Ying Da™.
- A timeless classic meets modern innovation called Revel™: First debuting at IGA earlier this year, AGS shows its three-reel mechanical stepper and three new games: Triple Treasure™, Liberty Diamond™, and Flaming Reels™.
AGS’ roots are firmly planted in Oklahoma
AGS was born in Oklahoma and started by supplying class II slot games to the state’s tribal gaming markets. Today, AGS continues to have strong ties to the community. Oklahoma is home to the Company’s primary manufacturing hub, where it assembles and delivers high-performing slot products to class II and class III customers across North America.
About AGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, and our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.
AGS Media Contact:
Julia Boguslawski, Chief Marketing Officer
[email protected]
Nikki Davis, Director, Marketing & Communications
[email protected]
AGS Investor Contact:
Brad Boyer, Senior Vice President of Investor Relations & Corporate Operations
[email protected]
©2024 AGS LLC. All® notices signify marks registered in the United States. All ™ and ℠ notices signify trademarks, which are not registered on any country-wide basis. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f7cfde3-3527-4ace-b696-0167df007c11
NYSE:AGS
PlayAGS Stockholders Approve Acquisition By Brightstar Capital Partners
![playags-stockholders-approve-acquisition-by-brightstar-capital-partners](https://recentslotreleases.com/wp-content/uploads/2024/08/138823-playags-stockholders-approve-acquisition-by-brightstar-capital-partners.jpg)
LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) — PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a supplier of high-performing slot, table, and interactive products to the global gaming industry, today announced that, at a special meeting of its stockholders held on August 6, 2024 (“the Special Meeting”), AGS stockholders voted to approve the Company’s acquisition by affiliates of Brightstar Capital Partners.
The final voting results of the Special Meeting will be reported on a Form 8-K filed by AGS with the U.S. Securities and Exchange Commission.
The transaction is expected to close in the second half of 2025 and is subject to customary closing conditions, including the receipt of regulatory approvals. Upon completion of the transaction, AGS will become a privately held company and shares of AGS common stock will no longer be listed on any public market.
About AGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Its customer-centric culture and remarkable growth have helped it become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing slot products, an expansive table products portfolio, highly rated online casino content for players and operators, and differentiated service, the Company believes it offers an unmatched value proposition for its casino partners. Learn more at www.playags.com.
About Brightstar Capital Partners
Brightstar Capital Partners is a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses where Brightstar believes it can drive significant value with respect to the management, operations, and strategic direction of the business. Brightstar employs an operationally intensive “Us & Us” approach that leverages its extensive experience and relationship network to help companies reach their full potential. For more information, please visit www.brightstarcp.com.
AGS Contact
Julia Boguslawski, Chief Marketing Officer
[email protected]
Brad Boyer, Senior Vice President of Investor Relations & Corporate Operations
[email protected]
Brightstar Contact
Craig Thomas, Chief Marketing Officer
[email protected]
Forward-Looking Statements
This press release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements which include, but are not limited to, all statements that do not relate solely to historical or current facts, such as statements regarding the Company’s expectations, intentions or strategies regarding the timing, completion and effects of the proposed transaction. In some cases, these statements include words like: “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” and “ongoing,” or the negatives of these terms, or other comparable terminology intended to identify statements about the future. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The Company’s expectations and beliefs regarding these matters may not materialize. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of uncertainties, risks, and changes in circumstances, including, but not limited to, risks and uncertainties related to: the ability of the parties to consummate the proposed transaction in a timely manner or at all; the satisfaction (or waiver) of closing conditions to the consummation of the proposed transaction, including potential delays in consummating the proposed transaction; the ability of the Company to timely and successfully achieve the anticipated benefits of the proposed transaction; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the definitive agreement; the effect of the announcement or pendency of the proposed transaction on the Company’s business relationships, operating results and business generally; costs related to the proposed transaction; the outcome of any legal proceedings that may be instituted against the Company, Brightstar or any of their respective directors or officers related to the definitive agreement or the proposed transaction; and the impact of these costs and other liabilities on the cash, property, and other assets available for distribution to the Company’s stockholders. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in the Company’s most annual and quarterly reports filed with the SEC, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed with the SEC from time to time and available at www.sec.gov. These documents can be accessed on the Company’s web page at https://investors.playags.com/financial-information/sec-filings.
The forward-looking statements included in this press release, and in any oral statements made from time to time by our representatives, are made only as of the date hereof or thereof. The Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bdaa2fd1-f19d-4b44-8b5e-4b1dd17c91f8
NYSE:AGS
AGS Enters Into Definitive Agreement To Be Acquired By Brightstar Capital Partners for Approximately $1.1 Billion
![ags-enters-into-definitive-agreement-to-be-acquired-by-brightstar-capital-partners-for-approximately-$1.1-billion](https://recentslotreleases.com/wp-content/uploads/2024/05/135825-ags-enters-into-definitive-agreement-to-be-acquired-by-brightstar-capital-partners-for-approximately-1-1-billion.jpg)
LAS VEGAS and NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) — PlayAGS, Incorporated (NYSE: AGS) (“AGS” or the “Company”), a global gaming supplier of high-performing slot, table, and interactive products, today announced that it has signed a definitive agreement to be acquired by affiliates of Brightstar Capital Partners (“Brightstar”), a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses.
The Company’s Board of Directors has unanimously approved, and recommended that the Company’s stockholders approve, the agreement. AGS shareholders will receive $12.50 per share in cash. The per share purchase price represents a 41% premium to the Company’s volume-weighted average share price over the last 90 days and a 40% premium to AGS’ closing price on May 8, 2024.
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Powered by high-performing slot products, an expansive table products portfolio, and highly rated online casino content, the Company believes it offers an unmatched value proposition for its casino partners.
“We are very pleased to reach this agreement, which we believe provides our stockholders with compelling, certain cash value. Joining forces with Brightstar represents an exciting new chapter for AGS and our mission to provide exceptional gaming solutions for our operator partners,” said David Lopez, CEO & President of AGS. “With Brightstar’s resources and strategic guidance, we believe AGS will be well-positioned to make targeted investments in R&D, top talent, operations, and industry-leading innovation, which should accelerate our global footprint.”
“We look forward to working with David and the AGS team to capitalize on opportunities by taking a long-term approach to creating value,” said Andrew Weinberg, Founder & CEO of Brightstar. “AGS has a strong pipeline of new products, and we believe the Company’s innovative approach to game development provides significant potential for continued growth.”
“We have been impressed by AGS’ award-winning products, differentiated culture, and outstanding reputation in this expanding industry,” said Roger Bulloch, Partner at Brightstar. “We trust that partnering with AGS and executing on our shared vision can accelerate the Company’s ability to create even greater value for its customers and players around the world.”
Macquarie Capital is serving as financial advisor and Cooley LLP is serving as legal counsel to AGS. Jefferies LLC is serving as lead financial advisor to Brightstar. Barclays and Citizens JMP Securities are also serving as financial advisors to Brightstar. Kirkland & Ellis LLP is serving as legal counsel to Brightstar.
First Quarter 2024 Financial Results
In light of the proposed transaction, AGS has canceled its previously announced conference call to discuss its first quarter 2024 financial results, which had been scheduled for Thursday, May 9, 2024, at 5:00 p.m. EDT. Additionally, AGS will not be issuing a quarterly earnings release. The Company expects to file its 10-Q for the quarter ended March 31, 2024 with the SEC later today.
Timing and Approvals
The proposed transaction, which is expected to close in the second half of 2025 is subject to customary closing conditions, including the receipt of regulatory approvals and approval by a majority of AGS stockholders. Upon completion of the transaction, AGS will become a privately held company and shares of AGS common stock will no longer be listed on any public market.
About AGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Its customer-centric culture and remarkable growth have helped it become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing slot products, an expansive table products portfolio, highly rated online casino content for players and operators, and differentiated service, the Company believes it offers an unmatched value proposition for its casino partners. Learn more at www.playags.com.
About Brightstar Capital Partners
Brightstar Capital Partners is a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses where Brightstar believes it can drive significant value with respect to the management, operations, and strategic direction of the business. Brightstar employs an operationally intensive “Us & Us” approach that leverages its extensive experience and relationship network to help companies reach their full potential. For more information, please visit www.brightstarcp.com.
Additional Information and Where to Find It
In connection with the proposed transaction, the Company intends to file with the SEC preliminary and definitive proxy statements relating to the proposed transaction and other relevant documents. Promptly after filing the definitive proxy statement with the SEC, the definitive proxy statement and a proxy card will be mailed to the Company’s stockholders entitled to vote as of the record date to be established for voting on the proposed transaction and any other matters to be voted on at the special meeting. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENTS, ANY AMENDMENTS OR SUPPLEMENTS THERETO, ANY OTHER SOLICITING MATERIALS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE ACQUIRING ENTITY AND THE PROPOSED TRANSACTION. When the documents are available, investors and security holders may obtain free copies of the proxy statement, any amendments or supplements thereto, and any other relevant documents filed by the Company with the SEC in connection with the proposed transaction on the SEC’s web site at www.sec.gov, on the Company’s website at https://investors.playags.com/financial-information/sec-filings or by contacting the Company’s Investor Relations via email at https://investors.playags.com/investor-resources/contact-investor-relations/.
Participants in the Solicitation
The Company and its directors and executive officers may be deemed participants in the solicitation of proxies from the Company’s stockholders in connection with the proposed transaction. Information regarding the Company’s directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, in the Company can be found under the captions “The Board of Directors,” “Executive Officers,” and “Section 16(a) Beneficial Ownership Reporting Compliance” contained in the Company’s 2024 annual proxy statement filed with the SEC on April 29, 2024 (the “2024 Proxy Statement”). To the extent that the Company’s directors and executive officers and their respective affiliates have acquired or disposed of security holdings since the applicable “as of” date disclosed in the 2024 Proxy Statement, such transactions have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their interests will be contained in the proxy statement for the Company’s special meeting of stockholders and other relevant materials to be filed with the SEC in respect of the proposed transaction when they become available. These documents can be obtained free of charge from the sources indicated above.
Forward-Looking and Cautionary Language
This press release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements which include, but are not limited to, all statements that do not relate solely to historical or current facts, such as statements regarding the Company’s expectations, intentions or strategies regarding the timing, completion and effects of the proposed transaction. In some cases, these statements include words like: “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” and “ongoing,” or the negatives of these terms, or other comparable terminology intended to identify statements about the future. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The Company’s expectations and beliefs regarding these matters may not materialize. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of uncertainties, risks, and changes in circumstances, including, but not limited to, risks and uncertainties related to: the ability of the parties to consummate the proposed transaction in a timely manner or at all; the satisfaction (or waiver) of closing conditions to the consummation of the proposed transaction, including with respect to the approval of the Company’s stockholders; potential delays in consummating the proposed transaction; the ability of the Company to timely and successfully achieve the anticipated benefits of the proposed transaction; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the definitive agreement; the effect of the announcement or pendency of the proposed transaction on the Company’s business relationships, operating results and business generally; costs related to the proposed transaction; the outcome of any legal proceedings that may be instituted against the Company, Brightstar or any of their respective directors or officers related to the definitive agreement or the proposed transaction; and the impact of these costs and other liabilities on the cash, property, and other assets available for distribution to the Company’s stockholders. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in the Company’s most annual and quarterly reports filed with the SEC, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed with the SEC from time to time and available at www.sec.gov. These documents can be accessed on the Company’s web page at https://investors.playags.com/financial-information/sec-filings.
The forward-looking statements included in this press release, and in any oral statements made from time to time by our representatives, are made only as of the date hereof or thereof. The Company assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
AGS Contact
Julia Boguslawski, Chief Marketing Officer
[email protected]
Brad Boyer, Senior Vice President of Investor Relations & Corporate Operations
[email protected]
Brightstar Contact
Craig Thomas, Chief Marketing Officer
[email protected]
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