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.
PlayAGS Inc. news centers on AGS as a global gaming supplier with slot, table and interactive product lines for land-based and online casino operators. Company updates commonly cover slot title launches, table game progressives, card shufflers, real-money online gaming content, trade-show showcases, R&D expansion and product-management leadership across North America and international markets.
Recent company developments also include AGS' completed acquisition by Brightstar Capital Partners, its transition to private ownership, delisting from the New York Stock Exchange and a refreshed brand identity tied to its broader slot, table products and online content portfolio.
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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.