Welcome to our dedicated page for Playags news (Ticker: AGS), a resource for investors and traders seeking the latest updates and insights on Playags stock.
The AGS (formerly NYSE: AGS) news feed on Stock Titan aggregates company updates, press releases, and regulatory disclosures related to PlayAGS, Inc., a global gaming supplier of slot, table, and interactive products. These items document how AGS describes its evolution from a Class II Native American gaming specialist into a broader commercial gaming supplier with land-based and online offerings.
News coverage for AGS includes announcements about new slot cabinets and game families, table game progressives and shufflers, and developments in its interactive division, AGSi. Releases highlight product showcases at major trade shows, partnerships with casino operators, and recognition from independent industry reports and awards. Together, these updates illustrate how AGS positions its portfolio of Class II and Class III slot products, table systems, and online content within the global gaming industry.
Another key theme in AGS-related news is corporate activity. Articles and filings describe the agreement for affiliates of Brightstar Capital Partners to acquire PlayAGS, Inc., the closing of that transaction, and the subsequent steps to delist and deregister the company’s common stock from the New York Stock Exchange. These items provide context for the transition of AGS from a publicly traded issuer to a privately held company.
Investors and industry observers can use this news page to review historical announcements about AGS’ product launches, strategic partnerships, and corporate transactions. The archive offers a centralized view of how the company has communicated its growth, market focus, and ownership changes over time.
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PlayAGS, incorporated (NYSE: AGS) will release its financial results for the first quarter ending March 31, 2023, after market close on May 9, 2023. A conference call and live webcast will follow at 5 p.m. EDT. Participants are encouraged to pre-register via the provided link. The call will include vital insights into AGS's financial performance and an opportunity for investors to engage. AGS, a global leader in gaming solutions, focuses on enhancing player experiences through a diverse product offering and exceptional service. Further details on the company and participation can be found on their website.
AGS (NYSE: AGS) announced its participation in the Indian Gaming Association Trade Show and Convention in San Diego from March 29-30, 2023. The company will showcase a range of innovative gaming products, including the top-performing Spectra UR43™ cabinet and several new game themes. AGS aims to connect with tribal partners and demonstrate its extensive portfolio bolstered by recent studio expansions. Major highlights include the Orion™ Curve Premium and new high-denomination options, reflecting AGS's commitment to delivering unique experiences to players and casino operators.
PlayAGS reported a strong financial performance for Q4 2022, achieving total revenue of $81.7 million, up 16% year-over-year and marking the eighth consecutive quarter of revenue growth. Net income reached a record $2.5 million, a significant turnaround from a net loss of $9.1 million in the previous year. Adjusted EBITDA improved by 16% to $37.3 million, indicating robust operational efficiency. Domestic EGM recurring revenue also set a new high at $46.8 million, up 8%.
The company aims to reduce net leverage to between 3.25x and 3.75x by the end of 2023, supported by strong market trends and product performance.
PlayAGS, Incorporated (NYSE: AGS) will announce its fourth quarter and fiscal year 2022 financial results on March 9, 2023, after market close. A conference call and live webcast will occur at 5 p.m. EST the same day to discuss these results. Participants are encouraged to pre-register to gain access easily. The company focuses on delivering diverse gaming experiences and serves both Class II and Class III markets. For further details, visit www.playags.com.
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