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.
AGS reported strong second-quarter results for 2021, highlighting record domestic EGM revenue per day and gaming operations revenue. Total revenues surged to $66.8 million, up 298.1% from $16.8 million in Q2 2020, although down 10.3% from $74.5 million in Q2 2019. The company experienced a net loss of $3.9 million, a notable improvement from losses of $42.6 million in Q2 2020. Adjusted EBITDA reached $32.1 million, showcasing operational recovery post-COVID-19. Key growth was seen in the domestic gaming operations segment, contributing to 82.3% of total revenue. However, international operations faced challenges due to ongoing COVID-19 restrictions.
On July 15, 2021, AGS announced that Alberta Gaming, Liquor and Cannabis (AGLC) has become the first Canadian customer to implement the Company's Starwall x Orion slot merchandising attraction and the Orion Curve slot cabinet across multiple casinos. These innovative products aim to enhance player experience and drive engagement. Currently, the Starwall is operational in seven Alberta casinos, while the Orion Curve is live in six. AGS’s Senior VP of Sales, Adam Whitehurst, expressed confidence that these offerings will significantly attract players and boost casino appeal.
AGS, a leading gaming supplier, announced it will host an investor conference call on August 5, 2021, at 5 p.m. EDT to report its Q2 2021 financial results. Participants can pre-register here. The call will offer insights into AGS's performance and strategic initiatives.
AGS has partnered with NexGen Technology to introduce 40 Fast Cash mobile chip devices at Morongo Casino Resort & Spa in California. This innovative solution allows players to purchase chips quickly and securely without the need for cash or ATMs, enhancing the gaming experience while minimizing contact. The Fast Cash system is designed for convenience, requiring no registration and enabling seamless transactions with debit cards. Both AGS and Morongo Casino executives expressed confidence in the growing demand for cashless solutions in the gaming sector.
AGS (NYSE: AGS) has officially launched its first entry into the Canadian real money online gaming market in partnership with the Ontario Lottery & Gaming Corporation (OLG). The popular game Golden Wins is now available on OLG's internet platform, OLG.ca. Additional titles, including Bonanza Blast and Rakin' Bacon!, are set to be released in the coming months. This collaboration aims to enhance player experiences and solidify AGS's presence in the Canadian market, leveraging its success in land-based casinos across North America.
AGS reported a 1.9% increase in total revenues for Q1 2021, reaching $55.4 million. Key growth areas included Interactive revenues, which rose 41.3% year-over-year, and Table Products with an 11.0% increase. Despite a net loss of $7.8 million, an improvement from the previous year's $14.4 million, the company showcased a resilient, recurring revenue-centric business model. Adjusted EBITDA grew 7.4% to $26.3 million, reflecting improved operational efficiency. As of March 31, 2021, liquidity stood at $107.3 million.
AGS has signed a license agreement with the NHL to create NHL-themed slot games and table products in the U.S. and Canada. The first launch, a Vegas Golden Knights-themed slot machine, debuted at South Point Casino in Las Vegas. This large, interactive game features multiplier wilds and scatter pays, aiming to provide a social gaming experience. AGS's partnership with the Golden Knights enhances community initiatives and leverages local engagement, with expectations for strong player interest and participation.
AGS (NYSE: AGS) will host an investor conference call on May 6, 2021, at 5 p.m. EDT to discuss its Q1 2021 financial results. Participants are encouraged to pre-register for the call via a provided link, which allows them to bypass the live operator. Those unable to pre-register can join by calling +1 (888) 349-0106 or +1 (412) 902-0131, using Conference ID: AGS Q1 2021 Earnings Call. The call will also be streamed live on the Company's website, with a replay available for 30 days post-event.
PlayAGS reported its financial results for Q4 and the full year 2020, highlighting the impact of COVID-19 on its operations. Total revenues for Q4 were $46.6 million, down 40.1% year-over-year, with a net loss of $17.2 million. The gaming operations segment suffered a 24.5% decline in revenue, while Interactive revenue grew by 27% due to the expansion of real-money gaming. Despite challenges, AGS increased its liquidity to $111.7 million and focused on operational efficiency improvements. The company aims for stronger performance in 2021 as the gaming industry recovers.
AGS (NYSE: AGS) will hold an investor conference call to discuss its financial results for Q4 and the fiscal year ending December 31, 2020, on March 4, 2021, at 5 p.m. EST. Participants are encouraged to pre-register to gain immediate access, bypassing the live operator. Callers can pre-register using the provided link or call directly at +1 (844) 746-0637, using Conference ID: AGS Q4 2020 Earnings Call. A live webcast will also be available on AGS's website, with a replay accessible afterward.
For more information, visit www.playags.com.
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