Connect with us
European Gaming Congress 2024

AGS

AGS Enters Into Definitive Agreement To Be Acquired By Brightstar Capital Partners for Approximately $1.1 Billion

Published

on

ags-enters-into-definitive-agreement-to-be-acquired-by-brightstar-capital-partners-for-approximately-$1.1-billion

 

PlayAGS, Incorporated, 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.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“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.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

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.

AGS

Yes, Chef! AGS is Cookin’ Up A Feast of Epic Proportions at G2E 2024

Published

on

yes,-chef!-ags-is-cookin’-up-a-feast-of-epic-proportions-at-g2e-2024

Global gaming supplier AGS (NYSE: AGS or “the Company”) will serve a full-course menu of delectable gaming experiences, including high-performing slot and iGaming content, cutting-edge cabinets, and revolutionary table game innovations at the 2024 Global Gaming Expo (“G2E”) in Las Vegas on October 8 to 10.

Products for Every Space, Games for Every Palate

As AGS continues to evolve and secure its place among the top four slot suppliers in North America, its G2E showcase will highlight its ability to outfit nearly every corner of the casino floor and satisfy every player’s appetite. AGS will debut not one, not two, butthree form factors from its new Spectra Plus cabinet line: Spectra SL49+™, Spectra SL49+™ Premium, and Spectra SL75+™. The cabinets will be accompanied by AGS’ most extensive library of sizzlin’ slot content, featuring innovative extensions from its renowned franchise, Rakin’ Bacon®:Rakin’ Bacon Link™, Rakin’ Bacon Cash Combo™, Rakin’ Bacon Triple Oink™, andRakin’ Bacon Jackpots™.

Additionally, AGS will showcase its latest games on its new three-reel stepper cabinet, Revel™, and high-performing content for the recently released Spectra UR43™, Spectra UR43™ Premium, and Spectra UR49C™ cabinets.

Serving Up the Best in Table Progressives and Shufflers

G2E 2024 is a landmark year for AGS’ Table division as it becomes a full-service progressive and shuffler supplier. AGS will unveil enhancements to its award-winning progressive platforms, including a new sign package for STAX™ and an innovative addition to its industry-leading Bonus Spin™ Xtreme platform, Bonus Spin™ Xtreme for Poker Rooms. The new addition, which was recently awarded a ‘2025 Best Table Product or Innovation’ in Global Gaming Magazine’s Gaming & Technology Awards, offers flexible progressive configurations to operators and adds the potential for players to win life-changing jackpots in live poker rooms.

Building on the success of the DEX S® single-deck poker shuffler and the Pax S® specialty single-deck shuffler, AGS will preview its latest innovation, the MAX 8™ multi-deck shuffler. MAX 8 can shuffle up to eight decks of cards for shoe games, including baccarat and blackjack, and is designed to fit both sit-down and regular height table games.

AGSi: Bringing the Secret Sauce to Interactive

With a steady stream of chart-toppers and high-indexing content, AGSi has skyrocketed to the top of the interactive supplier charts in North America. AGSi continues to solidify its leading position in the interactive space by consistently releasing high-performing slot games in new categories, including the launch of bespoke content, as well as its first table game, and nearly doubling its content output compared to last year.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

AGSi stays ahead of the competition by offering innovative solutions to help its partners generate revenue. This includes successfully executing a year-long, highly publicized campaign to lead the industry in cross-channel game launches, featuring both land-based and online titles such as Rakin’ Bacon Odyssey™, Rakin’ Bacon Sahara™, and three-reel classic slots, Gold Inferno®. AGSi’s commitment to data-driven results, coupled with the team’s unmatched flexibility and nimbleness, ensures it remains a dominant force in the interactive space.

Continue Reading

AGS

AGS Recognized as a ‘Best and Brightest Company to Work For’ in the Nation and Atlanta; Named a ‘Top Workplace’ in Multiple States

Published

on

ags-recognized-as-a-‘best-and-brightest-company-to-work-for’-in-the-nation-and-atlanta;-named-a-‘top-workplace’-in-multiple-states

 

AGS, a leading supplier of high-performing slot, table, and interactive gaming products to casino operators, is proud to announce its recognition as one of the 2024 Best and Brightest Companies to Work For in the Nation and Atlanta by the National Association for Business Resources (NABR). 2024 marks the eighth consecutive year in which AGS has received recognition.

Concurrently, AGS has been named to the Las Vegas Review-Journal and Business Press, The Atlanta-Journal Constitution, and The Oklahoman’s prestigious 2024 Top Workplaces lists. These awards recognize AGS’ dedication to creating a workplace that ensures a healthy organizational culture, employee well-being, and long-term success. In addition to these prestigious regional accolades, AGS has also received the 2024 Top Workplaces Culture Excellence Awards across its U.S. locations for Innovation, Work-Life Flexibility, Compensation & Benefits, Leadership, and Purpose & Values.

“We are honored to receive these awards, as they reflect the honest and genuine feedback from our employees,” said AGS President and Chief Executive Officer David Lopez. “Our people-first culture is our greatest strength, and creating an environment where a healthy company culture can thrive is what drives our success.”

Based entirely on employee feedback, these honors underscore AGS’ commitment to cultivating a positive company culture and leading in human resource practices. Conducted confidentially by a third party, the surveys for these awards evaluate key aspects such as employee satisfaction, communication, ethics, work/life balance, and career development.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

These 2024 accolades add to AGS’ notable anthology of workplace achievements. In 2024, AGS was named to U.S. News & World Report’s ‘Best Companies to Work For’ list in the travel and leisure industry. AGS has received the HIRE Vets Medallion Award from the U.S. Department of Labor consecutively since 2018 for demonstrating an unparalleled commitment to attracting, hiring, and retaining veterans. In addition, AGS was named to Glassdoor’s esteemed Employees’ Choice ‘Best Places to Work’ list through anonymous, unsolicited employee reviews on Glassdoor.com at the height of the pandemic in 2020.

Continue Reading

AGS

AGS Interactive Launches in Delaware Via Rush Street Interactive’s BetRivers Platform

Published

on

ags-interactive-launches-in-delaware-via-rush-street-interactive’s-betrivers-platform

 

AGSi, AGS’ Interactive division and iGaming content arm, is now live in Delaware with Rush Street Interactive, Inc., a leading iGaming company that operates the BetRivers brand. This exciting launch marks the fifth U.S. state where AGSi’s premium iGaming content is available and the eighth jurisdiction where AGS has partnered with RSI to deliver top-tier online gaming experiences.

“We’re thrilled to partner with Rush Street Interactive as they spearhead Delaware’s online gaming market,” said Zoe Ebling, AGS Vice President of Interactive. “This expansion underscores our commitment to enhancing and creating unique player experiences. As BetRivers revitalizes the market, AGS is excited to be at the forefront of delivering innovative gaming content. This launch paves the way for more dynamic initiatives from our partnership.”

Delaware players can look forward to playing AGS’ most popular and thrilling games, including:

  • Capital Gains®: This high-energy slot game offers players the chance to strike it rich with its exciting bonus features and captivating gameplay.
  • Rakin’ Bacon Odyssey®: A fan-favorite, this game takes players on a whimsical adventure with AGS’ beloved popping pig, Cornsquealius.
  • Mega Diamond™: A traditional slot enthusiast’s dream, this fast-paced three-reel stepper game is next to none with big jackpot hits and wild multipliers.

AGSi’s entry into Delaware is a significant step forward in its mission to become a leading provider of online gaming content in North America. With a strong portfolio of games and a proven partnership with RSI, AGS is poised for continued growth and success.

Players 21 and older in Delaware can now play AGS’ games by downloading the BetRivers app on iOS and Android or by visiting BetRivers.com to access Delaware Lottery’s three online casinos — Delaware Park Casino, Bally’s Dover Casino Resort and Harrington Raceway & Casino. The Delaware Park and Harrington sites are accessible through the BetRivers multi-state platform, while Bally’s Dover Casino Resort offers its own standalone app.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania