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PlayAGS, Inc. - $AGS STOCK NEWS

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PlayAGS, Inc. (NYSE: AGS) is a dynamic global company specializing in providing a broad range of gaming solutions, including electronic gaming machines (EGM), table products, and interactive content. AGS has firmly established its roots in the Class II Native American gaming market and expanded into one of the most inclusive commercial gaming suppliers worldwide.

AGS's core offerings include high-performing Class II and Class III slot products, an expanding portfolio of table products, and robust server-based and back-office systems used by casinos globally. Their interactive segment features top-rated social casino solutions such as Lucky Play Casino and Vegas Fever.

In recent achievements, AGS has showcased its innovative spirit at the 2023 Global Gaming Expo (G2E) by unveiling new slot cabinets like the Spectra UR49C and Spectra UR43 Premium, marking significant steps in their journey to becoming a leading slot supplier. Their table products division has also introduced enhancements to their Bonus Spin™ Xtreme system and the new single-deck shuffler, Pax S®. The company’s interactive division, AGSi, has been expanding its footprint into new jurisdictions such as British Columbia, Italy, Romania, and West Virginia, and recently ranked #1 in Top Indexing New Online Slots.

Financially, AGS continues to demonstrate robust performance. In Q3 2023, they reported a 14% year-over-year increase in total revenue, hitting $89.4 million. This includes a 20% rise in interactive revenue and significant growth across all segments, positioning AGS for continued market expansion and innovation.

Through strategic partnerships, AGS has extended its market presence. The company recently collaborated with Caesars Entertainment to launch Rakin’ Bacon Odyssey® across its Atlantic City properties and online platform. Additionally, they have entered into a partnership with EQL Games to offer their interactive content to U.S. and Canadian iLottery players.

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Emmett Investment Management, owning 1.5% of PlayAGS (NYSE: AGS) stock, opposes the take-private transaction with Brightstar Capital Partners, deeming it undervalued. They cite AGS's Q1 results showcasing a 21% growth in adjusted EBITDA, improved business segments, and potential future benefits from the IGT/Everi merger. Emmett highlights that the $12.50 per share bid undervalues the company, arguing AGS could achieve a $24.70 share price as a standalone entity. They advocate AGS shareholders vote against the proposal.

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AGS, a global gaming supplier, has entered into a definitive agreement to be acquired by Brightstar Capital Partners for approximately $1.1 billion. The acquisition provides AGS shareholders with $12.50 per share in cash, representing a 41% premium to the Company's average share price. The transaction is expected to close in the second half of 2025, subject to regulatory approvals and shareholder approval.

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PlayAGS, Incorporated (NYSE: AGS) is set to announce its first-quarter financial results on May 9, 2024, following the market close. The company will host an investor conference call and live webcast on the same day to discuss its financial performance. Participants can pre-register for the call to receive immediate access details. Those unable to pre-register can join the call using the provided phone numbers. A webcast replay will be available on the company's website for 30 days after the event.
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AGS unveils its first mechanical reel cabinet at the 2024 Indian Gaming Association trade show, showcasing a diverse lineup of new products including classic three-reel games, core and premium games, online gaming advancements, and innovative table products.
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PlayAGS, Inc. (AGS) reported strong fourth-quarter 2023 results with total revenue up by 15% year-over-year to $94.2 million. The company achieved record revenue across all three operating segments: EGM, Table Products, and Interactive. Income from operations increased by 19% year-over-year to $16.0 million, with net income totaling $67 thousand. Total Adjusted EBITDA reached a record $42.8 million, with a margin exceeding 45%. Cash from operating activities totaled $26.4 million, with free cash flow exceeding $10 million for the third consecutive quarter. AGS aims to reduce net leverage to 2.75x to 3.00x by the end of 2024.
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Caesars Entertainment, Inc. (CZR) and PlayAGS, Inc. celebrate the exclusive launch of Rakin’ Bacon Odyssey in New Jersey, marking the first cross-platform debut of the popular slot game. The game is now live at Caesars Palace Online Casino and various Atlantic City locations, offering players a unique omnichannel experience. Lady Luck HQ, a prominent gaming influencer, joined the launch event, emphasizing the game's popularity and the strategic partnership between Caesars and AGS.
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PlayAGS, Inc. (AGS) will report its Q4 and full-year 2023 financial results on March 5, 2024, followed by an investor conference call. Participants can pre-register for the call to receive immediate access details. The webcast will be available on the company's website with a replay option for 30 days.
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PlayAGS, Inc. (NYSE: AGS) announced a partnership with EQL Games to provide its real-money online games to U.S. and Canadian iLottery players. The deal expands AGS' reach in the North American iLottery market and allows for the introduction of proven game titles and the development of new titles specifically for the iLottery player.
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PlayAGS, Inc. (AGS) has completed a repricing of its term loan credit facility, removing the credit spread adjustment and reducing the interest rate to SOFR plus 3.75%. The company also repaid $15 million of its total debt, resulting in estimated annualized cash interest expense savings of over $3 million. AGS is focused on reducing net leverage through consistent Adjusted EBITDA growth and improving free cash flow conversion.
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PlayAGS, Inc. (AGS) announced plans to explore refinancing its term loan credit facility, potentially decreasing the interest rate and repaying up to $15 million of its total debt. The company made preliminary estimated financial data for Q4 2023 available to potential lenders and intends to file a Current Report on Form 8-K with the SEC. AGS is a global gaming company offering diverse gaming experiences and commercial gaming equipment. For more information, visit playags.com.
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FAQ

What does PlayAGS, Inc. specialize in?

AGS specializes in providing a diverse mix of gaming solutions, including electronic gaming machines (EGM), table products, and interactive content for casinos and gaming venues worldwide.

What are AGS's recent achievements?

AGS recently showcased new products at the 2023 Global Gaming Expo, including the Spectra UR49C and Spectra UR43 Premium slot cabinets, and introduced enhancements to their Bonus Spin™ Xtreme system and the Pax S® shuffler. Their interactive division also expanded into new jurisdictions and ranked #1 in Top Indexing New Online Slots.

How is AGS performing financially?

AGS reported a total revenue increase of 14% year-over-year in Q3 2023, reaching $89.4 million. The company saw significant growth across all segments, including a 20% rise in interactive revenue.

What partnerships has AGS recently formed?

AGS partnered with Caesars Entertainment to launch Rakin’ Bacon Odyssey® in Atlantic City and online. They also collaborated with EQL Games to bring their interactive content to U.S. and Canadian iLottery players.

What is the significance of the Spectra UR49C and Spectra UR43 Premium cabinets?

The Spectra UR49C and Spectra UR43 Premium cabinets represent AGS's commitment to innovation and market leadership in slot products, featuring advanced configurations and a wide library of high-performing games.

How does AGS support its casino partners?

AGS supports its casino partners with high-performing gaming products, including Class II and Class III slots, table products, real-money gaming platforms, and highly rated social casino solutions, combined with best-in-class service.

Where can I learn more about AGS?

For more information, visit AGS's website at www.playags.com.

What are AGS's key operating segments?

AGS's key operating segments are Electronic Gaming Machines (EGM), Table Products, and Interactive, each contributing to the company's diversified revenue streams.

What is AGS's approach to the interactive gaming market?

AGS's interactive division, AGSi, focuses on expanding its reach through innovative game titles, strategic partnerships, and entering new jurisdictions to offer their high-performing real-money online games.

What is the importance of AGS's Bonus Spin™ Xtreme system?

The Bonus Spin™ Xtreme system is an award-winning progressive system that links all table games on a floor, providing exciting jackpot opportunities and enhancing the player experience.

PlayAGS, Inc.

NYSE:AGS

AGS Rankings

AGS Stock Data

456.49M
34.63M
2.08%
79.92%
1.1%
Electronic Computer Manufacturing
Manufacturing
Link
United States of America
LAS VEGAS