Playags Stock Price, News & Analysis

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.

LAS VEGAS, Dec. 16, 2020 /PRNewswire/ -- AGS has received a provisional iGaming supplier license from the Michigan Gaming Control Board. This license enables AGS to offer its engaging game content to licensed online casino operators in Michigan once iGaming is launched, anticipated in late 2020 or early 2021.

AGS plans to utilize its Remote Gaming Server to deliver a variety of high-performing games. The company is optimistic about the Michigan market, citing established player familiarity with its offerings due to their success in land-based casinos.

AGS (NYSE: AGS) announced new leadership in its Slot Products team, appointing Steve Walther as Senior Director and Amy Greene as Director of Gaming Operations. Both have extensive industry experience. Walther, previously at Konami Gaming, will oversee product planning and market strategies, while Greene will manage recurring revenue and capitalize on game performance. This restructuring aims to enhance AGS's product management and market penetration, focusing on high-performing gaming products, indicating a strategic move towards growth in the gaming industry.

Labaton Sucharow LLP is seeking shareholders of PlayAGS, Inc. (NYSE: AGS) who purchased shares in the March 20, 2019 secondary offering at $25.50 each. PlayAGS develops electronic gaming machines primarily for Native American casinos. The company reported a loss of $0.21 per share in Q2 2019, missing expectations and including $4.8 million in impairments. This led to a 52% stock drop, closing at $8.31 on August 8, 2019, significantly below the offering price.

Labaton Sucharow LLP is investigating potential claims on behalf of shareholders of PlayAGS who purchased shares in the March 2019 secondary offering at $25.50. Following a disappointing second quarter 2019 report, which included a loss per share of $0.21, PlayAGS faced a significant stock price drop of 52%, closing at $8.31. The report noted an impairment of $3.5 million in goodwill and underperformance of EGMs in Oklahoma, prompting a lowered EBITDA guidance for 2019.