Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

NYSE:AGS

AGS Seals the Deal with iLottery Aggregator EQL Games at ICE London 2024

Published

on

ags-seals-the-deal-with-ilottery-aggregator-eql-games-at-ice-london-2024

LAS VEGAS, Feb. 08, 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 a partnership with EQL Games, a leading iLottery supplier and content aggregator. AGSi, AGS’ Interactive division, will partner with EQL Games to provide its robust library of unique and engaging real-money online games to U.S. and Canadian iLottery players.

AGSixEQL

“We are excited for the opportunity to break into new territories and make our innovative and high-performing games seamlessly available to EQL Games’ vast network of lottery clients,” said Zoe Ebling, AGS Vice President of Interactive. “EQL Games has a well-earned reputation for being highly discerning when it comes to choosing game studios, so this partnership is a testament to our growing talent and success in the iGaming industry. We can’t wait to collaborate and contribute to their innovative vision, working together to deliver high-quality content to the iLottery space.”

The aggregation deal, which was consummated at ICE London 2024, strategically expands the reach of AGS’ high-performing online content catalog to the growing North American iLottery market. Through EQL Games’ iLottery aggregator, AGSi will introduce proven game titles like Mega Diamond®, Rakin’ Bacon Deluxe® and Capital Gains® to the lottery market and develop new titles built specifically for the iLottery player.

“We are really thrilled with the opportunities this partnership affords EQL Games, AGS, and most importantly, our current and future lottery clients,” said EQL Games CEO Brad Cummings. “Our aggregator is already setting a new bar for quality and innovation when it comes to digital lottery content and adding AGS to the mix raises that bar even more. We look forward to soon adding AGS to our growing list of studios who have launched lottery products with digital lotteries through EQL Games.”

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.

Advertisement
Stake.com

About EQL Games
AGS is the fifth studio partner EQL Games has announced in support of its lottery-only aggregator. Built specifically with the needs of government lotteries in mind, this first-of-its-kind product is about more than product distribution. The EQL Aggregator is designed to allow lotteries to enjoy content from multiple studios while only having to interact with a single point of contact. This simplifies the process of adding new content to a lottery’s digital portfolio without having to scale up operations to meet the needs of multiple studio partners. The EQL Aggregator is currently operating in lotteries across two continents and will see further expansion beginning Q1 of 2024. Learn more at www.eqlgames.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.

Advertisement
Stake.com

NYSE: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

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.”

Advertisement
Stake.com

“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

Advertisement
Stake.com

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.

Advertisement
Stake.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

Advertisement
Stake.com

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]

Advertisement
Stake.com

Continue Reading

NYSE:AGS

AGS to Report First Quarter 2024 Results on Thursday, May 9, 2024

Published

on

ags-to-report-first-quarter-2024-results-on-thursday,-may-9,-2024

LAS VEGAS, April 24, 2024 (GLOBE NEWSWIRE) — PlayAGS, Incorporated (NYSE: AGS) (“AGS” or the “Company”) today announced it will release its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, May 9, 2024. The Company will host an investor conference call and live webcast the same day at 5 p.m. EDT to further discuss its first quarter financial performance.

The Company encourages participants to pre-register for the conference call by using the following link: AGS Q1 2024 Earnings Call. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time.

To pre-register, please click here: AGS Q1 2024 Earnings Call

Investor Conference Call
Thursday, May 9, 2024
5 p.m. EDT/ 2 p.m. PDT

Those unable to pre-register may participate by calling: 
U.S. Participants (Local): +1 (404) 975-4839
U.S. Participants (Toll Free): +1 (833) 470-1428
International Participants: Global Dial-In Numbers
Conference Access Code: 850045

Advertisement
Stake.com

Webcast
To access the live webcast of the call, please visit the Company’s website at http://investors.playags.com and click on “Events”. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website for 30 days.

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, but 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, highly rated social casino solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.

©2024 PlayAGS, Inc. All Rights Reserved. All ® notices signify marks registered in the United States. All ™ and ℠ notices signify unregistered trademarks.

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 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 identified by words such as “believe,” “will,” “may,” “might,” “likely,” “expect,” “anticipates,” “intends,” “plans,” “seeks,” “estimates,” “believes,” “continues,” “projects” 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 and other factors set forth under the section entitled “Risk Factors” its annual report on Form 10-K filed with the Securities and Exchange Commission, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission. 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 because of new information, future events or otherwise.

Advertisement
Stake.com

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

Continue Reading

NYSE:AGS

Here Comes the Hot Stepper: AGS Unveils its First Mechanical Stepper and More at IGA 2024

Published

on

here-comes-the-hot-stepper:-ags-unveils-its-first-mechanical-stepper-and-more-at-iga-2024

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.

Revel

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.

Advertisement
Stake.com

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. 

Advertisement
Stake.com

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/b3281956-3533-472b-aa32-6ea0bd0e828a

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