Here Comes the Hot Stepper: AGS Unveils its First Mechanical Stepper and More at IGA 2024
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Insights
AGS' strategic move to launch its first mechanical reel cabinet, the Revel™, signifies an intriguing blend of nostalgia and modern gaming technology. This product differentiation could potentially tap into a unique segment of gamers who yearn for the classic experience with a contemporary twist. The innovative features such as game-state controlled reel LED lights and a 4K high-definition video paytable display are likely to attract attention and could set a new trend in the industry.
The introduction of new core and premium games is also a noteworthy development. These games, including the Triple Coin Treasures Gold™ and Bacon Riches™, are designed to complement AGS' existing cabinet forms like the Spectra UR49™ and Spectra UR43 Premium™. The expansion of their game library, especially with titles that have secured high ranks in the Eilers-Fantini Online Game Performance Report, indicates a strong product pipeline that could drive user engagement and revenue growth.
Moreover, the success of AGSi in the online gaming space, particularly in New Jersey and West Virginia, suggests AGS is effectively leveraging cross-channel strategies to capture a broader market share. Their interactive division's performance, coupled with the release of new real-money online games, could be a significant driver for the company's stock performance as it demonstrates AGS' adaptability and commitment to growth in the digital gaming sector.
The unveiling of the Pax S® single-deck shuffler and the enhancement of the Bonus Spin™ Xtreme system at the IGA trade show underscores AGS' focus on innovation within the table games segment. The Pax S® shuffler's rapid adoption in over 65 casinos since its launch in 2022 is indicative of its operational efficiency and the value it adds for casino operators. The high-hand option in the progressive system could further incentivize player participation and potentially increase the house edge, which in turn could translate into higher revenues for operators and AGS alike.
AGS' record-setting progressive jackpot of over $1.5 million also serves as a testament to the company's ability to create excitement and player loyalty, which can be important for driving repeat business. The ability to link all table games on a floor for progressive jackpots is a competitive edge that could lead to increased sales of AGS' table products.
From an investment perspective, AGS' diverse product showcase at the IGA, combined with its recent achievements and product launches, could signal a period of growth and innovation. This may positively influence investor sentiment and AGS' stock market performance in the near term, especially if these innovations translate into increased market penetration and revenue streams.
AGS' announcement at the 2024 IGA trade show presents several elements with potential financial implications. The launch of the Revel™ mechanical reel cabinet and the introduction of new game titles are strategic moves that could enhance the company's product portfolio and drive sales growth. The historical appeal of the mechanical reel combined with modern technology may cater to a diverse customer base, potentially leading to increased market share.
The performance of AGSi, AGS' Interactive division, is particularly noteworthy. Its ranking in the Eilers-Fantini Online Game Performance Report and the expansion in key states like New Jersey and West Virginia are indicative of successful market penetration and could be a harbinger of sustained revenue growth in the digital segment. The financial performance of these new online games will be key to watch in upcoming earnings reports, as they could significantly impact the company's overall profitability.
Investors should monitor the market's reception of AGS' new products and the subsequent financial performance. Positive reception and successful integration into casinos can lead to upward trends in AGS' stock. However, it is vital to consider the costs associated with research and development, marketing and production of these new offerings. The financial benefits of these innovations will need to outweigh the costs to have a positive impact on AGS' bottom line.
LAS VEGAS, April 03, 2024 (GLOBE NEWSWIRE) -- AGS (NYSE: AGS or "the Company"), a global gaming supplier of high-performing slot, table, and interactive products, steps into a new vertical as it unveils its first mechanical reel cabinet among a diverse lineup of new products at the 2024 Indian Gaming Association (“IGA”) trade show in Anaheim, CA. AGS is set to sizzle with a stunning array of new products, from mesmerizing slot hardware and cutting-edge core and premium games to its ultra-reliable card shufflers, award-winning table progressives, and growing library of online games.
Where Nostalgia and Modern Technology Collide
At IGA in booth 460, AGS transcends time with the highly anticipated launch of its classic Revel™ cabinet. Featuring traditional stepper elements reminiscent of gaming’s golden age, Revel transports players back in time with its authentic jackpot bell, mechanical arm-pull, and champagne gold accents. The classic-meets-modern cabinet seamlessly interlaces approachable modern touches such as game-state controlled reel LED lights and a vivid 4K high-definition video paytable display, all framed by AGS’ iconic twinkling eclipse lighting. The combination of these features sets the framework for AGS to offer unmatched three-reel games, including the first four mechanical stepper games premiering at IGA: Triple Treasure™, Liberty Diamond™, Flaming Reels™, and Diamond Reels™.
Heavy-Hitters Stepping Up to the Plate
But that’s not all – AGS will reveal new core and premium games to support its recently launched Spectra UR49™ and Spectra UR43 Premium™ form factors, including the Triple Coin Treasures Gold™ brand extension from the award-winning Triple Coin Treasures® games and the trending Bacon Riches™ games displayed on the chart-topping Spectra UR43™ portrait cabinet.
The Crescendo of Online Gaming
AGSi, AGS’ Interactive division, is making waves in the online gaming world, earning the number two spot in the most recent Eilers-Fantini Online Game Performance Report and picking up momentum leading into IGA with its successful cross-channel debut of Rakin’ Bacon Odyssey® in New Jersey and its expansion with multiple operator partners in West Virginia. AGSi continues executing on its game roadmap with new high-performing real-money online games released into the market–most recently earning five spots per the March ‘24 Eilers-Fantini Online Game Performance 25 New Top Game Ranks: Platinum 8X8X8X™ (#2), AGSi’s interactive-first game Double Shamrock™ (#14), Rakin’ Bacon Deluxe® Golden Blessings® (#16), Gold Inferno® (#21), and Mine Blast™ (#25).
Bringing Industry-Leading Innovations to the Table
AGS’ single-deck shuffler, Pax S® will be on display at IGA. Its unmatched reliability provides operators with more optionality, and its hassle-free setup has made it possible to quickly go live in over 65 casinos across 20 states and provinces since first launching in 2022. In addition, AGS’ award-winning side bet progressive system Bonus Spin™ Xtreme continues to create celebratory jackpots by linking all table games on a floor and recently awarded its highest progressive jackpot to date of over
Don't miss out on all the excitement at IGA - follow AGS at @play_AGS on social media for updates and visit booth 460 to experience AGS’ thrilling new products. Get ready to revel in the future of gaming with AGS!
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, and 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
Nikki Davis, Director, Marketing & Communications
PR@PlayAGS.com
AGS Investor Contact:
Brad Boyer, Senior Vice President of Investor Relations & Corporate Operations
Investors@PlayAGS.com
©2024 AGS LLC. All® notices signify marks registered in the United States. All ™ and ℠ notices signify trademarks, which are not registered on any country-wide basis. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/b3281956-3533-472b-aa32-6ea0bd0e828a
FAQ
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