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

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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.”

“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.

AGS

Oklahoma Table Games Player Wins $3.6 Million Jackpot on AGS’ Jackpot Hold’em on the STAX Progressive System

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A table games player at WinStar World Casino and Resort in Thackerville, Oklahoma rang in the New Year in the best way, winning a whopping $3.68 million jackpot in an AGS poker derivative. The lucky player, who was enjoying a round of Jackpot Hold’em® on January 2, placed a $5 side bet through the linked STAX® progressive and hit the Royal Flush – Diamonds top progressive, awarding the staggering jackpot of $3,683,560.

The $3.68 million win is the largest progressive jackpot ever won on an AGS table game, as well as at WinStar, marking a historical milestone for both companies. The incredible payout comes from a network of 14 linked STAX progressive Jackpot Hold’em tables, spanning eight casinos in the Chickasaw Nation family of properties throughout Oklahoma, all contributing to the massive top award.

“The goal with our progressives is to create a platform that gives operators the flexibility to offer huge jackpots, like this multi-million-dollar prize,” said John Hemberger, Vice President and General Manager of Tables at AGS. “What makes STAX unique is its ability to have five independent meters, allowing the jackpot to grow faster and larger than with a traditional single meter progressive. It’s incredibly exciting to see our products and a single $5 progressive bet help make these life-changing wins becoming more common at table games.”

“On Friday, Jan. 2 at approximately 8:45 p.m. CT, WinStar World Casino and Resort celebrated a historic moment when a $3.6 million jackpot hit on AGS Jackpot Hold’em in our Vienna table games pit,” said Jack Parkison, President of WinStar World Casino and Resort. “This is the largest jackpot in WinStar history, and we’re thrilled to share this unforgettable win with our guests and team members who help create excitement like this every day.”

Kicking off 2026 strong, the jackpot at WinStar marks the second AGS table games jackpot win of more than $1 million in the first two days of the new year. A lucky guest at Encore Boston Harbor in Everett, Massachusetts, won a record-setting $1,620,355 jackpot on New Year’s Day while playing Royal 9® Baccarat after placing a single side bet also powered by STAX.

The post Oklahoma Table Games Player Wins $3.6 Million Jackpot on AGS’ Jackpot Hold’em on the STAX Progressive System appeared first on Americas iGaming & Sports Betting News.

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Sandia Resort & Casino and AGS Premiere Mariachi Fortunes Trio in New Mexico

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AGS partnered with Sandia Resort & Casino in Albuquerque, New Mexico to debut its newest slot game family, Mariachi Fortunes Trio™ to the market.

On November 1, the property hosted a festive Dia de los Muertos-themed launch celebration inspired by the game’s two energetic themes – Fiesta de los Vivos™ (the festival of the living) and Fiesta de las Calacas™ (the festival of the skeletons) inviting more than 300 VIPs and guests to explore the worlds of the living and the departed through exciting gameplay.

The event transformed the casino floor into a spirited celebration with Day of the Dead decor, live mariachi band, confetti cannons and stunning visuals throughout the property, bringing the game’s festive setting to life. VIP guests received themed giveaways and were among the first to experience Mariachi Fortunes Trio. During the VIP free-play event, more than 20 hand-pays were paid out totaling nearly $75,000. Additionally, AGS representatives, property executives, and Sandia Resort & Casino employees gathered to commemorate the occasion with a ceremonial ribbon cutting.

“Mariachi Fortunes Trio has seen tremendous success since its debut in July and continues to build momentum across the country,” said Mark DeDeaux, Senior Vice President and General Manager, Slots, AGS. “These games – along with their immersive theme, rich features and stellar bonus options – being first to market in New Mexico is a celebration of the fan-favorite brand and our special partnership with Sandia.”

Mariachi Fortunes Trio was soft-launched on October 15 and will be available at Sandia for a limited time before expanding to casino floors across the region.

The post Sandia Resort & Casino and AGS Premiere Mariachi Fortunes Trio in New Mexico appeared first on Americas iGaming & Sports Betting News.

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2025 Oklahoma Indian Gaming Association

AGS Brings Bold Portfolio of Proven Performers and First-to-Market Innovation to OIGA 2025

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AGS announced it will showcase its latest lineup of high-performing Class II and Class III slot titles and table innovations at the 2025 Oklahoma Indian Gaming Association (OIGA) Conference and Trade Show, taking place July 14–16 at the Oklahoma City Convention Center. This comes on the heels of the Company’s recent announcement that it is now privately held, following the completion of its acquisition by Brightstar Capital Partners.

Leading the slot lineup is So Hot Super 4™ Legends, a brand-new multi-play experience debuting in Class II markets that lets players engage with four classic So Hot® titles at once on a single screen. With stacked wins and frequent bonus triggers, this high-energy game puts a fresh spin on iconic AGS hits that have long been staples in key Class II markets like Oklahoma.

AGS will also debut new titles spanning multiple Spectra™ cabinets, including:

  • Triple Riches™ family: Transylvania Treasures™
  • Kraken Fortune’s™ family: Pirate Hoard™
  • Zodiac Strike™ family: Pegasus
  • Dragon Blast® family: Mighty Lion™
  • Mariachi Fortunes Trio™ family: Fiesta De Los Vivos™ and Fiesta De Las Calacas™
  • Repeat Win Fusion™ family: Puurfect Trio™ and Fa Cai Trio™

In the premium segment, AGS will spotlight Moo Cluck Oink®, now available in Class III and coming soon to Class II. This character-packed farm frenzy brings together the fan-favorite stars of Cluck Cluck Cash® and Moo Moo Madness™, along with a few new barnyard personalities. The game’s playful crossover theming gives players a rare reunion of familiar favorites, wrapped in a brand-new experience.

Moo Cluck Oink is available on all AGS premium cabinets—Orion Curve™ Premium, Spectra UR43™ Premium, and Spectra SL49+™ Premiumand the large-format, specialty cabinet Spectra SL75+™. Designed to support the entire Spectra game library, including premium titles when leased, Spectra SL75+ gives operators added flexibility to mix and match content to fit their unique casino floor.

AGS will also showcase its high-performing mechanical stepper lineup, led by the Revel® cabinet—the Company’s first entry into the mechanical stepper category—available in both Class II and Class III. At OIGA, attendees can experience Revel launch titles in Class II, including Liberty Diamond® and Triple Treasure®, along with Straight Cash™ Triple Double Spin, a new title set to release this quarter in both Class II and Class III. Returning to the lineup is the proven Gold Nudge®, delivering classic stepper appeal with a modern nudge feature.

On the table side, AGS continues to push boundaries with Bonus Spin Xtreme™ for Poker Rooms. Already a hit on main casino floors, Bonus Spin Xtreme now brings the same electrifying progressive action to poker rooms. It can be linked to a shared jackpot pool across multiple table types or configured as a standalone progressive. Live poker players who place the side bet have a chance to win the same life-changing prize as players on blackjack, craps, roulette, or pai gow. The result is one of the most dynamic and inclusive progressive systems in the industry.

With deep roots in Oklahoma, where AGS was founded and where its primary warehouse and production facility remain, AGS is energized to return to OIGA with a growing portfolio of player-favorite products and a continued commitment to serving the needs of tribal operators.

See it all in action at AGS booth 732 at OIGA 2025.

The post AGS Brings Bold Portfolio of Proven Performers and First-to-Market Innovation to OIGA 2025 appeared first on Gaming and Gambling Industry in the Americas.

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