NYSE:AGS

AGS Successfully Completes Term Loan Repricing; Voluntarily Repays $15 Million of Its Total Debt Outstanding

Published

1 year ago

February 6, 2024

ags-successfully-completes-term-loan-repricing;-voluntarily-repays-$15-million-of-its-total-debt-outstanding

LAS VEGAS, Feb. 05, 2024 (GLOBE NEWSWIRE) — PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”) today announced it has successfully completed a repricing of its term loan credit facility. Among other things, the repricing removes the credit spread adjustment with respect to term loan borrowings and reduces the interest rate applied to such borrowings to the Secured Overnight Financing Rate (“SOFR”) plus 3.75%. Additionally, in conjunction with the repricing transaction, the Company elected to repay $15 million of its total debt outstanding. At today’s SOFR, the Company estimates the repricing and voluntary repayment will produce annualized cash interest expense savings of over $3 million.

In addressing the repricing and repayment activity, AGS Chief Financial Officer, Kimo Akiona, commented, “As an organization, we remain singularly focused on reducing net leverage through a combination of consistent Adjusted EBITDA growth and improving free cash flow conversion. To that end, today’s announced transactions should help to expedite the achievement of our near and intermediate-term deleveraging objectives.”

Company Overview

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 tribal gaming market, but our customer-centric culture and remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming equipment suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly rated social casino, real-money gaming solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at playags.com.

AGS Investor & Media Contacts:

European Gaming Congress 2024 (Warsaw, Poland)

Brad Boyer, Senior Vice President Corporate Operations and Investor Relations
[email protected]

Julia Boguslawski, Chief Marketing Officer
[email protected]

©2024 PlayAGS, Inc. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc. Solely for convenience, marks, trademarks and trade names referred to in this press release appear without the ® and TM and SM symbols, but such references are not intended to indicate, in any way, that PlayAGS, Inc. will not assert, to the fullest extent under applicable law, its rights or the rights of the applicable licensor to these marks, trademarks and trade names.

Forward-Looking Statements

This release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management’s current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the proposed public offering and other statements identified by words such as “believe,” “will,” “may,” “might,” “likely,” “expect,” “anticipates,” “intends,” “plans,” “seeks,” “estimates,” “believes,” “continues,” “projects,” “targets” and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.

These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS’s performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions, the effects of COVID-19 on the Company’s business and results of operations and other factors set forth under Item 1. “Business,” Item 1A. “Risk Factors” in AGS’s Annual Report on Form 10-K, filed with the SEC. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

NYSE:AGS

AGS Welcomes David Jacques as Vice President of Table Games Engineering

Published

2 days ago

April 2, 2025

GlobeNewswire

David Jacques

LAS VEGAS, April 02, 2025 (GLOBE NEWSWIRE) — AGS (NYSE: AGS), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced the appointment of David Jacques as the company’s new Vice President of Table Games Engineering. Jacques, an accomplished leader with extensive experience in the gaming technology sector, will report to John Hemberger, Senior Vice President & General Manager of Table Products.

In this role, Jacques will be responsible for leading AGS’ Table Games Engineering team, driving design and product development, project engineering, and new product introductions. His responsibilities also include supplier technical support, risk and asset management, and overseeing continuous improvement and quality assurance initiatives within the Table Games Division. Jacques will work closely with senior leadership to set strategic plans and objectives, ensuring that AGS continues to meet its business and customer goals with innovative and high-quality table game products.

“David’s wealth of experience and proven leadership in table game technology makes him an invaluable addition to our team,” said John Hemberger. “His expertise in product development, engineering, and strategic planning aligns perfectly with AGS’ commitment to delivering exceptional products to our casino partners. We are excited to welcome him aboard as we continue to grow and strengthen our position as a leader in the gaming industry.”

Prior to joining AGS, Jacques served as Senior Director of Software Development at Light & Wonder for four years and Director of Software Development for nearly four years. He also held the role of Chief Technology Officer at DEQ Systems, a gaming technology company specializing in bonusing systems for table games, for 12 years. His extensive background in both product development and engineering management in the gaming industry makes him highly qualified to lead AGS’ Table Games Engineering team into its next phase of innovation and growth.

David Jacques’ leadership will play a critical role in the ongoing development of AGS’ table games portfolio and its continued focus on delivering cutting-edge solutions to the gaming industry.

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 Corporate Development & Capital Markets
[email protected]

©2025 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/981a9cba-26b0-443c-a169-3d95715de54c

NYSE:AGS

AGS Ignites IGA 2025 with Next-Level Slot & Table Game Innovations

Published

1 week ago

March 27, 2025

GlobeNewswire

ags-ignites-iga-2025-with-next-level-slot-&-table-game-innovations

AGS at G2E 2024

LAS VEGAS, March 27, 2025 (GLOBE NEWSWIRE) — AGS (NYSE: AGS), a global leader in gaming solutions, is set to showcase a dynamic array of new products at the 2025 Indian Gaming Association (IGA) trade show, April 2-3, in San Diego. From premium slot cabinets and innovative new games to industry-leading table progressives and real-money online gaming solutions, AGS is redefining the gaming experience. With deep roots in tribal gaming, AGS remains committed to advancing technology, enhancing casino floors, and delivering unforgettable player experiences.

Premium Cabinets & Featured Games: The Spectra Experience

Spectra™ SL49+ Premium & SL75+: A Premium Gaming Experience
- Known for its dynamic game mechanics and visually stunning display, the Spectra™ SL49+ Premium offers a top-tier gaming experience built for high-performance play.
- A large-format cabinet designed for maximum versatility and flexibility, the Spectra™ SL75+ allows operators to access the entire Spectra game library, making it adaptable for diverse floor setups. This cabinet is available in both pod and inline configurations, giving operators multiple options for customizing their game floors.
New Games on Spectra™
- Available on both the Spectra SL49+ Premium and Spectra SL75+, Lion Cash™ introduces vibrant visuals and exciting gameplay, with massive payout potential that adds another thrilling option to AGS’ premium game lineup.
- AGS introduces its first multi-play experience with So Hot Super 4 Legends™ and So Hot Super 4 Ultimate™, bringing together popular titles like So Hot Frenzy™ and Monkey in the Bank™ on four windows at once. Players get more action with every spin, offering a fresh way to enjoy the beloved So Hot® series.
- In addition, AGS will showcase more game families on Spectra, including Fortune Frenzy™, Mariachi Fortunes Trio™, Da Da Da Jin Bao™, Kraken’s Fortune™, Cash Chain™, Dragon Diamond™, and Rakin’ Bacon Triple Oink™.

Step Into the Action: Video Mechanics Meet Classic Stepper Play

Revel™ Mech Reel Cabinet
- Since its debut at IGA 2024, the Revel™ mechanical stepper has made waves, ranking #3 among mechanical reel cabinets in the latest Eilers & Krejcik Gaming cabinet performance report. Its first four titles–Triple Treasure®, Liberty Diamond®, Flaming Reels™ and Diamond Reels™–all landed in the top 7 for new core mechanical games in the most recent Eilers & Krejcik Gaming game performance report. With its strong performance and enduring appeal, Revel continues to captivate and dazzle players.
New Games: Diamond Nudge™ & Straight Cash Triple Double Spin™
- Diamond Nudge™ premiered on March 17 at Graton Resort & Casino and is the first AGS stepper game with a reel nudge feature, shifting reels by 2 or 3 positions based on diamond sub-symbols.
- Straight Cash Triple Double Spin™ is the stepper version of AGS’ popular 3-reel video game and real-money online game, Straight Cash®. It introduces individual reel play in a concatenation-style game. The four-tier progressive scales by denomination and is awarded with max bet symbol combinations.
So Hot Grand™ Link
- The So Hot Grand™ progressive jackpot system can link select mechanical reel stepper and 3-reel video games like Mega Diamond®, Gold Nudge™, and Rakin’ Bacon! Jackpots Bonus Board™, creating faster-growing jackpots and keeping excitement high across the floor.

Table Games That Pay Off: Progressives & Big Payouts

Bonus Spin Xtreme™ Red Dragon for Baccarat
- Tailored for high-stakes baccarat players, Bonus Spin Xtreme™ Red Dragon features a stacked wheel, with the smallest prize starting at $588, alongside fast-growing jackpots. Designed for big-reward thrills, it can link across an entire table game pit, amplifying excitement and jackpot potential.
Bonus Spin Xtreme™ for Poker Rooms
- AGS brings its award-winning table game progressive, Bonus Spin Xtreme™, to the poker room, offering operators the opportunity to earn incremental gaming revenue. The system links all progressives within the poker room and can extend across the entire table game pit, driving faster-growing and larger jackpots.

Real-Money Online Gaming: Winning on Every Front

Leading the Pack in Online Gaming
- AGS continues to dominate the online gaming space, holding the #1 new overall supplier spot in the latest Eilers & Krejcik Gaming U.S. online game performance report for five consecutive months and the #1 new slots supplier for eight straight months. Additionally, in the same report, AGSi ranked #1 indexing slot supplier, further solidifying its leadership in the U.S. online gaming market.
Award-Winning Online Slot: 3x Ultra Diamond
- AGS recently took home the Top Performing New Online Slot Game award at the 2025 EKG Awards for its hit game 3x Ultra Diamond™, solidifying its place at the top of the online gaming industry.
Expanding Horizons: AGSi in Brazil
- With its recent launch in Brazil, AGS is gaining momentum in international markets, further expanding its reach and strengthening its global footprint.

Visit AGS at booth 741 to check out the latest slot cabinets, exciting new games, revolutionary table progressives, and industry-leading real-money online products. AGS is setting the stage for the future of gaming with technology that keeps players engaged and delivers real results for operators.

AGS Media Contact:
Julia Boguslawski, Chief Marketing Officer
Nikki Davis, Director, Marketing & Communications
[email protected]

AGS Investor Contact:
Brad Boyer, Senior Vice President of Corporate Development & Capital Markets
[email protected]

©2025 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/4d7786ab-9c37-4af7-98cd-4ed9fd4a5c38

NYSE:AGS

AGS Wins 2025 USA TODAY Top Workplaces USA Award

Published

1 week ago

March 25, 2025

GlobeNewswire

ags-wins-2025-usa-today-top-workplaces-usa-award

AGS Ranks in the Top 100 Companies in the 500-999 Employee Category

AGS employees at G2E 2024

LAS VEGAS, March 25, 2025 (GLOBE NEWSWIRE) — AGS (NYSE: AGS), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, is excited to announce that it has been named a 2025 USA TODAY Top Workplaces USA Award winner. Recognized for its commitment to fostering an exceptional, people-first culture, AGS ranked in the Top 28% of companies in the 500-999 employee category, placing the company in the Top 100 of companies in this size category across America.

The USA TODAY Top Workplaces USA Award is a prestigious honor that recognizes organizations for their commitment to creating outstanding workplace environments that prioritize employee engagement and satisfaction. AGS’ strong performance in this year’s awards is based on authentic employee feedback gathered through a confidential survey conducted by a third-party, HR research and technology company.

“We’re really proud to be recognized as a Top Workplace,” said David Lopez, CEO of AGS. “What makes this award so meaningful is that it comes from feedback directly from our employees across all of our U.S. offices. It shows the commitment, passion, energy and teamwork they bring every day. At AGS, we’re all about creating a culture where people can thrive, grow, and be themselves—and this award just proves that we’re doing something right. I couldn’t be prouder of the team we’ve built and the culture we’ve created together.”

The 2025 USA TODAY Top Workplaces USA Award adds to AGS’ impressive list of accolades, including being recognized as a Top Workplace in 2024 for Oklahoma, Las Vegas, and Atlanta, as well as earning the prestigious Best and Brightest Companies to Work For 2024 award both nationally and in Atlanta.

AGS’ dedication to its people-first culture is reflected in its ongoing focus on employee engagement, professional development opportunities, competitive benefits, and work-life balance. These efforts have helped AGS create an environment where employees are motivated and empowered to perform at their best.

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]

©2025 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/9346253e-1e4d-4cdb-8fb2-43550102834f