STOCK TITAN

AGS Receives Provisional Michigan iGaming Supplier License

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

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.

Positive
  • Provisional iGaming supplier license acquired from the Michigan Gaming Control Board.
  • Opportunity to expand into the Michigan online gaming market anticipated late 2020 or early 2021.
  • Utilization of proven high-performing game content via Remote Gaming Server.
Negative
  • None.

LAS VEGAS, Dec. 16, 2020 /PRNewswire/ -- AGS (NYSE: AGS) (or "the Company") today announced that it was awarded a provisional iGaming supplier license by the Michigan Gaming Control Board.

This license will allow AGS to provide its proprietary game content for the State of Michigan's licensed online casino operators when iGaming is approved to go live by the Michigan Gaming Control Board, which is expected to happen in late 2020 or early 2021.

Once the state's online gaming program is live, AGS will offer its proven and high-performing land-based game content to licensed online operators in the state through its powerful Remote Gaming Server. With a robust library that includes high-performing and retail-proven AGS game content such as Capital Gains®, Fu Nan Fu Nu®, Golden Wins®, Jade Wins®, Longhorn Jackpots™, and Rakin' Bacon!®, AGS delivers an exceptional play experience.

AGS Executive Vice President Matt Reback said, "We are excited about being awarded our provisional iGaming license in Michigan and look forward to helping the state launch its new iGaming program. We are confident that Michigan is going to be a strong market for us, with three commercial casinos that cater to a repeat player base, and player familiarity with AGS games due to the popularity and longevity of our land-based games in the Michigan market."

AGS' online game content is live and engaging players in regulated markets in Europe and Latin America, as well as New Jersey and Pennsylvania in the United States, with Michigan expected to be the Company's next expansion. The Company also partners with many of the world's largest online operators to provide AGS game content and engaging games from third-party suppliers through its AxSys™ Games Marketplace.

About AGS
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 playags.com. Find us on LinkedIn, Facebook, Twitter, Instagram, and YouTube.

AGS Media Contacts:
Julia Boguslawski, Chief Marketing Officer
jboguslawski@PlayAGS.com

Laura Olson-Reyes, Vice President of Marketing & Corporate Communications
Lolson-reyes@PlayAGS.com

All® notices signify marks registered in the United States. 

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ags-receives-provisional-michigan-igaming-supplier-license-301193604.html

SOURCE AGS

FAQ

What is AGS's latest press release about?

AGS announced it received a provisional iGaming supplier license from the Michigan Gaming Control Board.

When will AGS start offering its games in Michigan?

AGS is expected to offer its games once iGaming goes live in Michigan, anticipated in late 2020 or early 2021.

What types of games will AGS provide in Michigan?

AGS will provide high-performing game content such as Capital Gains®, Fu Nan Fu Nu®, and Rakin' Bacon!®.

What is the significance of AGS's license for shareholders?

The license enables AGS to expand its market presence and revenue potential in Michigan's online gaming sector.

PlayAGS, Inc.

NYSE:AGS

AGS Rankings

AGS Latest News

AGS Stock Data

476.39M
40.93M
3.8%
82.42%
1.7%
Gambling
Miscellaneous Manufacturing Industries
Link
United States of America
LAS VEGAS