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PlayAGS, Inc. (NYSE: AGS) is a dynamic global company specializing in providing a broad range of gaming solutions, including electronic gaming machines (EGM), table products, and interactive content. AGS has firmly established its roots in the Class II Native American gaming market and expanded into one of the most inclusive commercial gaming suppliers worldwide.
AGS's core offerings include high-performing Class II and Class III slot products, an expanding portfolio of table products, and robust server-based and back-office systems used by casinos globally. Their interactive segment features top-rated social casino solutions such as Lucky Play Casino and Vegas Fever.
In recent achievements, AGS has showcased its innovative spirit at the 2023 Global Gaming Expo (G2E) by unveiling new slot cabinets like the Spectra UR49C and Spectra UR43 Premium, marking significant steps in their journey to becoming a leading slot supplier. Their table products division has also introduced enhancements to their Bonus Spin™ Xtreme system and the new single-deck shuffler, Pax S®. The company’s interactive division, AGSi, has been expanding its footprint into new jurisdictions such as British Columbia, Italy, Romania, and West Virginia, and recently ranked #1 in Top Indexing New Online Slots.
Financially, AGS continues to demonstrate robust performance. In Q3 2023, they reported a 14% year-over-year increase in total revenue, hitting $89.4 million. This includes a 20% rise in interactive revenue and significant growth across all segments, positioning AGS for continued market expansion and innovation.
Through strategic partnerships, AGS has extended its market presence. The company recently collaborated with Caesars Entertainment to launch Rakin’ Bacon Odyssey® across its Atlantic City properties and online platform. Additionally, they have entered into a partnership with EQL Games to offer their interactive content to U.S. and Canadian iLottery players.
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.
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.
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