PlayAGS, Inc. - AGS STOCK NEWS

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.

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.