AGS Issues Statement on Supreme Court Ruling in Favor of Authorized Gambling on Tribal Lands in Texas
AGS's CEO, David Lopez, praised the U.S. Supreme Court's ruling allowing the Ysleta del Sur and Alabama and Coushatta Indian Tribes of Texas to operate electronic bingo games without state oversight. This decision affirms the Tribes' sovereignty and economic freedom under the Indian Gaming Regulatory Act. Lopez expressed support for the Tribes' rights and future ventures in Texas, emphasizing AGS's commitment to Native American partners. The ruling could positively impact AGS by enhancing its relationships and business opportunities within the growing tribal gaming market.
- Supreme Court ruling confirms the autonomy of Texas Tribes to regulate electronic bingo, benefiting AGS's business partners.
- Potential for improved economic conditions for partnered Tribes could lead to increased gaming ventures.
- None.
LAS VEGAS, June 16, 2022 /PRNewswire/ -- AGS (NYSE: AGS or "the Company") CEO David Lopez issued the following statement after the announcement of the United States Supreme Court decision siding with certain Tribes in Texas (the Tribes at issue are the Ysleta del Sur and Alabama and Coushatta Indian Tribes of Texas, which operate the Speaking Rock and Naskila Gaming facilities, respectively) to allow bingo gaming on their Tribal lands, without regulatory oversight from the State of Texas. The Court's ruling on Wednesday determined that these Texas Tribes have the autonomy to regulate electronic bingo games on their lands, in compliance with the Indian Gaming Regulatory Act ("IGRA") like most other Tribes in America, regardless of the state's rules on bingo, which is permitted in the State of Texas. While the federal government agreed with the Tribes' position, the State of Texas did not.
"After an extremely long process in the judicial system, I would like to congratulate our Native American business partners and friends on their well-deserved win. This ruling makes it possible for these sovereign Tribes to gain economic freedom and confirms their rights as federally recognized Tribes. AGS stands by our Tribal operator partners as they look to exercise their rights and wish them success in current and future ventures as sovereign Tribes in the State of Texas. We are proud to support all our Native American partners throughout the country, and, in particular, these Tribes that have fought so hard and so long in pursuit of their economic freedom."
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.
AGS Media Contact:
Julia Boguslawski, Chief Marketing Officer
Jboguslawski@PlayAGS.com
Nikki Davis, Director of Marketing & Communications
Ndavis@PlayAGS.com
AGS Investor Contact:
Brad Boyer, Senior Vice President of Investor Relations & Corporate Operations
Bboyer@PlayAGS.com
©2022 AGS LLC.
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SOURCE AGS
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