LAS VEGAS, March 27, 2023 – AGS (NYSE: AGS or “the Company”), a global gaming supplier of high-performing slot, table, and interactive products, today announced its must-see products at the Indian Gaming Association (“IGA”) Trade Show and Convention in San Diego from March 29 – 30, 2023.

“We are looking forward to once again having the opportunity to connect with our tribal partners,” said AGS President and Chief Executive Officer David Lopez. “IGA is an incredible opportunity for us to showcase our portfolio and deep pipeline of products coming out this year. We believe that our R&D team has created products that offer a unique and exciting experience for players and casino operators alike. And we could not be more excited to share our developments with our customers.”

	In booth 2231, AGS will exhibit its latest slot games and cutting-edge table technology that touts its broad portfolio and diverse market offerings–a direct result of its recent game studio expansion. These six must-see products will be on display at IGA. The number one performing new portrait upright cabinet since October 2022(1), Spectra UR43™ with the top indexing new core video game(2), Shamrock Fortunes™. The highly configurable Orion™ Curve Premium with a reimagined version of AGS’ legendary, player-favorite game River Dragons®. More 3-reel, high denomination video game options, including the debut of Diamond Boost™ on the 75” dual-screen cabinet, Orion Rise™, and higher bet levels on Mega Diamond™ and Gold Inferno®. Exciting new game themes and brand extensions add to the breadth and depth of AGS’ core and premium content library. New triggers added to the roulette version of AGS’ award-winning progressive side bet Bonus Spin™ Xtreme. The headline-grabbing progressive system STAX® paired with 3 Card Catch™ and the quick-cycling, easy-to-install single-deck shuffler PAX S®.     (1) "New Portrait Upright" category of the Eilers-Fantini Cabinet Performance Report (2) "Top Indexing New Games - Core, Video Reel" category of the Eilers-Fantini Game Performance Report

LAS VEGAS, Feb. 13, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced that Robert "Rob" Ziems will join the Company as Chief Legal Officer, effective immediately. Ziems brings over 24 years of gaming and legal experience to AGS and will lead the Company's legal and compliance affairs and oversee the Latin America and Interactive business strategy.

Ziems joins AGS from Aruze Gaming America, Inc. ("Aruze"), where he served for over 12 years. Most recently he served as President of Aruze, Global Chief Legal Officer of Aruze Gaming Group, and Corporate Secretary. At Aruze, Ziems led global legal affairs, regulatory compliance, and global human resources. In addition, he oversaw operating efficiencies, business development, and procurement in the Americas.

"Rob is a great addition to our leadership team as we diversify AGS' portfolio and advance our business strategy," said David Lopez, AGS President and Chief Executive Officer. "He has deep gaming and regulatory experience combined with a forward-thinking and collaborative leadership approach."

Ziems has served as in-house counsel for gaming corporations for most of his career handling legal and regulatory matters worldwide. Prior to Aruze, he served as Executive Vice President, General Counsel, and Corporate Secretary of Mikohn Gaming, later known as Progressive Gaming International Corporation ("PGIC"), where he managed the global legal, human resources, compliance, and internal audit departments, in addition to overseeing all corporate activities. He began in the gaming industry as Associate General Counsel at Station Casino, Inc. and later joined Aristocrat Technologies, Inc. as Associate General Counsel. Ziems earned his law degree from Drake University School of Law, his Master of Business Administration from Indiana University, and his Bachelor of Science in Criminal Justice from the University of South Florida.

Ziems succeeds Victor Gallo, who has retired as AGS' General Counsel after serving since 2010. Gallo will remain as Secretary for the Company.

Lopez added, "Looking back, it is difficult to overstate the extraordinary impact Vic has had on AGS over the past 12 years. He was instrumental in the acquisition and integration of Cadillac Jack, as well as the Company's IPO in 2018, and he has helped shape the strategy, structure, and culture that have made AGS successful as a Company today. On behalf of the entire leadership team, we wish him a well-deserved retirement."

LAS VEGAS, Feb. 10, 2023 – A table games player at Borgata Hotel Casino & Spa in Atlantic City, New Jersey could become a millionaire soon. AGS’ table games side bet progressive, Bonus Spin™ Xtreme, is nearing $1 million as of today. Borgata features 17 tables with the linked Bonus Spin Xtreme progressive jackpot on multiple table games including AGS’ Bonus Spin Xtreme for Blackjack and Criss Cross Poker®. A million-dollar hit on Bonus Spin Xtreme would be the first in the side bet’s history, but not the first for AGS’ table games division. Earlier this week, a table games player at Seminole Casino Coconut Creek in Florida hit a $1.2 million jackpot on AGS’ Super 4® Progressive Jackpot.

About Bonus Spin™ Xtreme

Bonus Spin™ Xtreme is an award-winning, proprietary side bet progressive system with patent game mechanics built by the global gaming supplier, AGS. Three concentric wheels provide the ability to award one unique jackpot winner, while simultaneously awarding all participating players a community prize. Bonus Spin Xtreme has the capability of linking to all table games on a casino floor offering a single shared progressive and requiring only one seed. Bonus Spin Xtreme provides quickly growing jackpots that make for an exciting side bet to any table game.

 

LAS VEGAS, Feb. 9, 2023 -- A lucky blackjack player hit a $1,242,066 jackpot on AGS’ Super 4® progressive at Seminole Casino Coconut Creek in Florida on Wednesday.

After placing a $5 side bet, the player was dealt a four-card royal flush in diamonds, with his king and queen combined with the dealer’s jack and ace. The jackpot marks the largest table game progressive jackpot at Coconut Creek.

 

About Super 4® Progressive Blackjack Super 4® is a side bet for traditional blackjack. Players start by wagering on the base blackjack game. In addition, they may wager on the Super 4 side bet. The dealer then deals traditional blackjack. The dealer settles all Super 4 wagers and main blackjack wagers according to the posted pay tables.

LAS VEGAS, Feb. 6, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced a new online game content partnership with DraftKings, Inc. (Nasdaq: DKNG). Per the terms of the arrangement, AGS will provide DraftKings Casino with over 20 of its proprietary slot titles to help turbocharge DKNG's North American i-casino operations.

AGS currently has over 10 titles live with DKNG in New Jersey, including popular player-favorites River Dragons®, Fu Nan Fu Nu™, Rakin' Bacon!®, Jade Wins®, Capital Gains®, and two games from the Imperial 88® game family: Peacock Beauty® and Tiger Lord®. Additional new titles are scheduled to go live in the months ahead, including the planned release of the highly acclaimed Golden Wins Deluxe® game theme, which is nominated in the 5th Annual Eilers & Krejik Gaming (EKG) Slot Awards in the iGaming category for top performing new online game.

"The launch of AGS' real-money gaming ("RMG") content on DraftKings Casino represents a considerable accomplishment for the Company," said Gary Hardy, AGS Senior Vice President and General Manager of Interactive. "We are pleased to provide DraftKings players in New Jersey with the differentiated, exciting, and high-energy gaming experiences we are known for delivering, and we are excited to further expand our partnership with DKNG moving forward."

DraftKings customers in New Jersey can play these games on www.casino.draftkings.com. Available on desktop, iOS and Android.

LAS VEGAS (Jan. 27, 2023) – PlayAGS, Inc. (NYSE: AGS or “the Company”), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced the Company’s Board of Directors (the “Board”) has appointed Mr. Adam Chibib, current Board member and Lead Independent Director, as Chairman of the Board. Effective January 27, 2023, Mr. Chibib succeeds Mr. David Sambur, who recently stepped down from the Board after serving as Chairman for the past five years and as a member of the Board since 2013.

Adam Chibib

“On behalf of my fellow Board members, I would like to thank David Sambur for his guidance and insights as Chairman of the Board and for his nine years of leadership at AGS,” said AGS President, Chief Executive Officer, and Board member, David Lopez.

Mr. Lopez added, “We are excited to welcome Adam as our new Board Chairman. He is an incredibly well-respected leader within the gaming industry, and his depth of experience has been invaluable to AGS throughout his years of service. Adam’s guidance and leadership from day one of the Company’s initial public offering has played a critical role in shaping who we are as a Company today. I look forward to continue working with him in his new role.”

In addressing his recent appointment, Mr. Chibib commented, “I am extremely honored to serve as AGS’ Chairman of the Board. Over the past five years, I have gained a great deal of respect for my fellow Board members and the Company’s executive leadership team. I look forward to leveraging my previous experience in gaming and other industries to help guide AGS to the next level.”


About Adam Chibib

Mr. Chibib has served as a member of the AGS Board since January 2018. His thirty-plus-year career has included executive roles at numerous successful companies ranging from early-stage start-ups to billion-dollar public companies and has spanned numerous industries including telecom software, security hardware, consumer financial services, and gaming. Mr. Chibib is currently the CFO of Self Financial, a consumer financial company based in Austin, Texas. Prior to Self Financial, Mr. Chibib was a general partner at Silverton Partners, an early-stage venture capital firm, and, prior to that, served as President and Chief Financial Officer (CFO) of Multimedia Games Holding Company, Inc. (“MGAM”), which was acquired by Global Cash Access, Inc. (now known as Everi Holdings, Inc. “EVRI”). In addition to holding several board seats outside of AGS, Mr. Chibib is the Treasurer for the Austin Film Society and serves on the Nominating Committee for the Eanes Education Foundation.

LAS VEGAS, Jan. 24, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced a new online game content partnership with Caesars Sportsbook & Casino. Through the partnership, AGS will provide Caesars with a variety of its high-performing online game content, helping to turbocharge the operator's online real-money gaming ("RMG") operations.



"We are absolutely delighted to have the opportunity to deepen our relationship with Caesars, one of the world's most high-profile casino brands. Our growing portfolio of player-favorite game themes and track record of delivering consistent game performance should only help to further cement Caesars' position as a leading operator in the North American RMG market. Over the coming months, we look forward to expanding across more markets with one of the gaming industry's preeminent brands," said AGS Senior Vice President and General Manager of Interactive, Gary Hardy.

Caesars Sportsbook & Casino players in New Jersey and Pennsylvania will have access to more than 30 proven land-based slot games from AGS' interactive content library. Notable titles include:
- Capital Gains®
- Rakin' Bacon!®
- Gold Wins Deluxe®
- Tiger Lord®

The latest partnership continues to cement AGS' position as a leading provider of slot content to regulated real-money gaming operators across the globe.

"AGS games are an exciting addition to our collection of online casino games. We anticipate this new content to be popular among our players given its successful track record for performing well both online and in brick-and-mortar casinos," said Caesars Digital Senior Vice President of iGaming, Mathew Sunderland.

AGS REPORTS THIRD QUARTER 2022 RESULTS
Third Quarter 2022 Highlights:
• Global EGM Sales Eclipsed 1,000 Units for the First Time Since Q4 2019
• Domestic EGM Recurring Revenue Topped $45 Million; Up 4% Y/Y and 8% Ahead of Q3 2019
• Domestic Premium EGM Footprint Increased 18% Sequentially; Eleventh Consecutive Quarterly Increase
• Domestic EGM RPD Exceeded $30 for the Sixth Consecutive Quarter
• Domestic EGM Installed Base Expanded for the Second Straight Quarter; Up by over 300 Units YTD
• Table Products Adjusted EBITDA Reached a Record $2.6 Million
• On Pace to Achieve Year-End 2022 Net Leverage Target of less than 4.0x
LAS VEGAS, NOVEMBER 8, 2022 - PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we" or the "Company"), a designer and developer
of equipment and services solutions for the global gaming industry, today reported operating results for the third quarter ended
September 30, 2022.
Commenting upon the Company's third quarter performance, AGS President and Chief Executive Officer David Lopez said, "Our third
quarter financial results further reflect the people, product and process-driven operating momentum building within our business. Given
the encouraging initial customer response to the broader and more diverse new product lineup we recently unveiled at the Global Gaming
Expo ("G2E"), I am even more excited about what lies ahead for our Company and its key stakeholders."
Kimo Akiona, AGS Chief Financial Officer added, "I am extremely pleased with the balance sheet deleveraging progress we have made
year-to-date, as we ended the third quarter with net leverage at 4.0 times. Supported by the stable operating trends we continue to observe
within the business, I remain confident in our ability to deliver on our year-end net leverage target of less than 4.0 times and look forward
to further reducing leverage in the years ahead.”

Third Quarter 2022 Financial Results
• Total revenue increased approximately 16% year-over-year to $78.3 million. Table Products revenue advanced 30% versus the
prior year, reflecting outsized growth within our progressive installed base, growing demand for our PAX S single-deck card
shuffler, further adoption of our AGS Arsenal site license offering, and the Q1 2022 Lucky Lucky side bet acquisition. EGM
revenue increased by more than 15% year-over-year, paced by EGM sales revenue growth of over 50%. Global EGM sales
topped 1,000 units for the first time since Q4 2019, reflecting successful execution of our strategy to broaden our global
customer account penetration, continued recovery in North American replacement unit demand and complementary EGM sales
into international markets. Interactive revenue grew to $2.6 million in Q3 2022 as we continue to benefit from outsized growth
within our Real Money Gaming ("RMG") business. Total revenue improved approximately 2% over the $76.6 million delivered
in Q2 2022, representing our seventh consecutive quarter of sequential total revenue growth.
• Gaming operations, or recurring revenue, increased 6% year-over-year to $56.6 million. Domestic EGM recurring revenue
improved by 4% versus the prior year, topping $45 million for the second consecutive quarter. Our growing premium game
mix, improved core content execution, further implementation of optimization initiatives, and a stable domestic gaming
macroeconomic backdrop boosted our Q3 2022 Domestic EGM recurring revenue performance. International EGM recurring
revenue advanced 16% year-over-year, paced by the consistent macroeconomic recovery underway throughout Mexico. To
that end, International EGM recurring revenue has now increased sequentially for nine consecutive quarters. Table Products
recurring revenue increased by more than 25% year-over-year to a record $3.8 million, supported by growth across all product
verticals. Table Products revenue has also increased sequentially for nine consecutive quarters. In aggregate, recurring revenue
accounted for over 70% of our consolidated Q3 2022 revenue mix.
• We generated $476 thousand of net income in Q3 2022 compared to a net loss of $1.8 million in the prior year period. The
year-over-year increase in our reported net income was predominantly driven by our strong year-over-year revenue growth,
which contributed to Q3 2022 operating income of $9.0 million compared to $7.0 million in Q3 2021. Q3 2022 marked the
second consecutive quarter in which we were able to generate positive net income.
• Total Adjusted EBITDA (non-GAAP)(1) increased 8% year-over-year to $34.5 million compared to $31.9 million in Q3 2021.
Year-over-year Adjusted EBITDA growth within the Table Products and EGM segments of approximately 57% and 6%,
respectively, was partially offset by a decline within the Interactive segment, as we continued to incur modest incremental
expense in order to accelerate the flow of new AGS game content into the North American RMG channel over the coming
quarters. Adjusted EBITDA increased modestly on a quarterly sequential basis relative to the $34.1 million delivered in
Q2 2022.
• Total Adjusted EBITDA margin (non-GAAP)(1) was 44.0% compared to 47.4% in Q3 2021. The year-over-year change in our
Adjusted EBITDA margin was predominantly driven by a greater mix of EGM unit sales revenue, which carries a lower gross
margin as compared to EGM gaming operations revenue, further post-COVID normalization in our discretionary business
operating expenses and market-level inflationary cost fluctuations. Total Adjusted EBITDA margin compressed modestly
versus the 44.6% achieved in Q2 2022, largely a function of unfavorable changes in revenue and product mix.
(1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see non-GAAP reconciliation below.
(2) Basis points ("bps")

 

SEE THE FULL RELEASE AT https://investors.playags.com/news/press-releases/press-release-details/2022/AGS-REPORTS-THIRD-QUARTER-2022-RESULTS/. 

LAS VEGAS – September 28, 2022 – AGS (NYSE: AGS) or (the “Company”) announced today that it will showcase a new level of product diversity and innovation in all three of its business divisions: Electronic Gaming Machines (“EGM’s”), Table Products, and Interactive at the 2022 Global Gaming Expo (“G2E”) held Oct. 11 – 13 in Las Vegas, Nevada.

In booth 1253, the Company will leverage the theme “Level Up,” to emphasize a new era of its expanding product portfolio. Led by the debut of a next-generation cabinet, Spectra UR43™, alongside 37 new slot games displayed across multiple form factors and an industry-leading table games lineup, the showcase truly reflects the Company’s team of unmatched talent and recent studio expansions across the globe.

“We believe that it takes exceptional people to make exceptional products, and we’ve seen this in action,” said AGS President and Chief Executive Officer David Lopez. “Our unique culture and ability to attract and retain some of the brightest minds in the business have allowed us to innovate and expand into new product segments and new markets. Whether it’s the continued depth of content for the core and premium markets, the extension of successful game themes and table progressives, the introduction of more feature sets and bet varieties, or further diversification in cabinet families and card shufflers, it will be very apparent at G2E that we’ve leveled up our offerings across the board. We are excited to welcome our customers, investors, and other key stakeholders to the show to see how far we’ve come as a company and show off our team’s hard work.”

In addition, AGS’ Table Products division will take it to the next level with the display of top-performing products from the expansion of its award-winning progressives to the launch of its single-deck Pax S® shuffler, and the strategic acquisition of Lucky Lucky®, a blackjack side bet, in early 2022.

AGSi, the Company’s Interactive division, plans to further leverage AGS’ extensive slot content portfolio, consisting of a variety of proven land-based slot titles, to further cement the Company’s position as a leading provider of slot content to regulated real-money gaming operators across the globe.

AGS’ product highlights at G2E underscore the transformation the Company has undergone over the past few years as a result of its steadfast investments in R&D, and include:

- The debut of a new EGM cabinet: Spectra UR43™ features a 43” UltraHD 4K portrait monitor, game-controlled eclipse lighting, and V-Sync technology for seamless video linking capabilities when machines are banked together. Spectra is expected to debut with the deepest content pipeline of any new AGS cabinet launch, including new concepts and extensions of AGS’ player-favorites, supporting both Class II and Class III end markets.

- Entrance into the high denomination product segment: AGS’ four high-denomination, three-reel video games, Mega Diamond™, Gold Inferno®, Platinum 8x8x8x™, and 8x Crystal Bells™, are blazing across casino floors. The new titles allow AGS to offer additional bet varieties and appeal to a wide range of players.

- A dynamic game library supporting multiple markets: Fifty slot machines and 37 titles fill the booth to showcase the breadth and depth of AGS’ game portfolio, which supports the Class II, Class III, Historical Horse Racing (“HHR”), LatAm, and online markets.

- Industry-leading table products: AGS' award-winning table progressive, Bonus Spin Xtreme™, continues to evolve by offering a new trigger for craps and an additional Mystery Spin bonus feature, furthering its ability to engage players and link to multiple game types on a floor.

Second Quarter 2022 Highlights:

Domestic EGM Recurring Revenue Increased 1% Y/Y to a Record $46.2 Million
Premium EGM Installed Base Nearly Doubled Y/Y and Grew by 15% Sequentially
Domestic EGM RPD Increased 6% Sequentially; Topped $30 for the Fifth Consecutive Quarter
Generated $1.5 Million of Net Income; First Net Profit Since Q4 2019
Adjusted EBITDA Increased 6% Y/Y to $34.1 Million
Table Products Adjusted EBITDA Reached a Record $2 Million
On Pace to Achieve Year-End 2022 Net Leverage Target of less than 4.0x


LAS VEGAS, Aug. 8, 2022 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we" or the "Company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the second quarter ended June 30, 2022.

In addressing the Company's second quarter financial performance, AGS President and Chief Executive Officer David Lopez said, "Our second quarter results reflect the growing returns we are realizing as a result of the significant investments made into our R&D, sales and product management teams over the past 24 months. These investments have accelerated the operating momentum we are seeing within the business, as reflected by the material year-over-year growth in our reported Q2 2022 net revenues, net income and Adjusted EBITDA."

Mr. Lopez continued, "Despite swirling uncertainty over the health of the consumer and the direction of the global economy, we have been encouraged by the incredible consistency demonstrated within our business through July. Ultimately, our recurring-revenue focused business model and strong liquidity position fortify the underlying resiliency within our business."

See complete financial report at https://investors.playags.com/news/press-releases/press-release-details/2022/AGS-REPORTS-SECOND-QUARTER-2022-RESULTS/default.aspx.

LAS VEGAS, August 1, 2022 – PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will now release its financial results for the second quarter ended June 30, 2022 after the market close on Monday, August 8, 2022. The Company will host an investor conference call and live webcast the same day at 5 p.m. EDT to further discuss its second quarter 2022 financial performance and current business outlook.

The Company encourages participants to pre-register for the conference call by using the following link: AGS Q2 2022 Earnings Call. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time.


Pre-register at https://ige.netroadshow.com/registration/q4inc/11214/ags-q2-2022-earnings-conference-call/


Investor Conference Call

Monday, August 8, 2022
5 p.m. EDT/ 2 p.m. PDT

Those unable to pre-register may participate by calling:

U.S. Participants: +1 (844) 200-6205 or +1 (646) 904-5544

International Participants: +1 (929) 526-1599

Conference Access Code: 403415

Webcast To access the live webcast of the call, please visit the Company’s website at http://investors.playags.com and click on “Events”. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website for 30 days.

LAS VEGAS, July 13, 2022 /PRNewswire/ -- AGS (NYSE: AGS) is pleased to announce its recognition as one of the 2022 Best and Brightest Companies to Work For® in the Nation and Atlanta by the National Association for Business Resources (NABR). The commercial gaming supplier, which provides high-performing slot, table, and interactive products to casino operators has received honors in the employee-nominated award consecutively since 2017.

"AGS is honored to be recognized once again as a Best and Brightest company," said AGS President and Chief Executive Officer David Lopez. "We have remained steadfast in our effort to provide a welcoming workplace and create a culture of people that care about each other. It's the 850 individual employees that make AGS a great place to work and has made it into what it is today. This accolade is a testament to that effort, and we continue to strive to create an experience where employees feel more like family than coworkers."

Over a thousand companies were nominated through an employee survey in both the national and Atlanta categories. AGS was one of 139 winners nationwide and the only company in Nevada to win. Among the 102 Atlanta winners, AGS is the only gaming company named.

In addition to the employee survey, which is weighed heavily in scoring, winning companies are assessed by an independent research firm, which reviews companies on several benchmarks related to human resource practices ranging from employee offerings to the company's overall commitment to employee wellness.

LAS VEGAS, July 12, 2022 /PRNewswire/ -- AGS (NYSE: AGS) (or the "Company") today announced that David Jacques Farahi has been elected to AGS' Board of Directors, and will serve on the Company's Nominating and Governance, Compensation and Audit committees.

Farahi serves as Executive Chairman of Quick Custom Intelligence since his appointment in 2022. Previously he served as Chief Operating Officer of Monarch Casino & Resort (Nasdaq: MCRI) from 2012 to 2021. Starting his gaming career at Monarch in 1998, Farahi held several additional roles including Director of Investor Relations, FP&A Analyst, as well as numerous positions within the slot and gaming operations departments. From 2004 to 2007 he held various finance industry roles with HSBC Bank PLC in London, Geneva, and New York. Farahi served four terms as President of the Colorado Gaming Association, from 2015 to 2021, where he spearheaded the industry's legislative agenda, including three successful state-wide ballot initiatives. In 2022, Farahi became an Adjunct Professor at Metropolitan State University Denver, teaching an introductory course on gaming and sports book management.

AGS President and Chief Executive Officer David Lopez said, "David is a seasoned industry executive with extensive experience in both the gaming operator and gaming regulator space. He has a proven track record of leading teams to operational improvements, integrating and scaling a substantial acquisition, and effectively communicating with the investment community. We believe his strong industry experience will be extremely valuable as we continue to grow, improve our operational efficiency, and strengthen our relationships with our casino operator partners."

Farahi said, "I have long admired the passion, grit, and ingenuity of the AGS team. Since its inception, AGS has uniquely approached operators as a true partner, developing products from slots to table games and beyond that delight players. I'm honored to be joining their board at such an exciting time for the business. I have tremendous respect for David Lopez, his executive team, and the other board members, and I look forward to collaborating with them to the benefit of our team, customers, and shareholders."

Farahi earned an MBA from Columbia Business School with concentrations in both Real Estate and Finance. He also holds a BA in Economics and International Studies from Northwestern University. He earned Dean's List honors from both institutions.

Kimo Akiona, AGS' Chief Financial Officer, added, "Supported by the operational momentum we continue to see within the business, the approximately $10 million of annualized cash interest expense savings we have started to realize as a result of the refinancing transaction, and our organizational commitment to maximizing free cash flow, we remain confident in our ability to deliver upon our year end 2022 net leverage target of less than 4.0x."




Consolidated revenue totaled $72.9 million, marking the fifth consecutive quarter in which we were able to achieve quarterly sequential revenue growth. Q1 2022 consolidated revenue exceeded the level reached in Q4 2021 by approximately 4%, supported by an approximately 15% increase in domestic EGM unit sales, sustained strength within our domestic EGM recurring revenue business, record Table Products performance, and further recovery in our international EGM gaming operations revenue. Q1 2022 consolidated revenue increased approximately 32% year-over-year.
Gaming operations, or recurring revenue, increased to $53.2 million versus $44.4 million and $52.9 million in Q1 2021 and Q4 2021, respectively. In aggregate, recurring revenue accounted for approximately 73% of our consolidated Q1 2022 revenue compared to approximately 80% and 75% in Q1 2021 and Q4 2021, respectively. Changes in our recurring revenue mix reflect outsized consolidated EGM unit sales growth of approximately 230% year-over-year, as we continue to benefit from the increased depth and breadth of our core content catalog, broadening of our customer account penetration, expansion into GLI-approved international jurisdictions, and a steady recovery in core North American replacement unit demand.
Our 2022 first quarter net loss of $12.6 million widened as compared to the $7.8 million net loss incurred in Q1 2021. The year-over-year increase in our reported net loss was predominantly driven by costs associated with the comprehensive debt refinancing transaction which we closed upon in February 2022, partially offset by our improved operating performance. Excluding refinancing-related expenditures, our net loss would have improved versus the prior year.
Total Adjusted EBITDA (non-GAAP)(1) was $32.8 million compared to $26.3 million in Q1 2021 and $32.3 million in Q4 2021. Adjusted EBITDA increased year-over-year within all three of our operating segments.
Total Adjusted EBITDA margin (non-GAAP)(1) was 45.0% versus 47.5% in Q1 2021. Recall, the prior year's quarter benefitted from the high-margin sale of approximately 430 used EGM units to a distributor. Additionally, a greater mix of lower-margin EGM unit sales revenues and higher costs related to global supply chain disruption unfavorably impacted the year-over-year margin comparison.

(1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see non-GAAP reconciliation below.

(2) Basis points ("bps").

see full results at https://investors.playags.com/news/press-releases/press-release-details/2022/AGS-REPORTS-FIRST-QUARTER-2022-RESULTS/default.aspx

AGS (NYSE: AGS) brings its revolutionary Bonus Spin Xtreme (“BSX”) to nearly 40 table games at the now open Palms Casino Resort Las Vegas.

BSX is now available on 39 total table games at the Palms, including:

24 blackjack tables
12 baccarat tables
3 roulette tables

High-limit blackjack and baccarat tables are included in the numbers above, giving high rollers a chance at a BSX-connected jackpot as well.

Ronald LaDuca, AGS’ Vice President of Sales for Table Products, says: “This cutting-edge install is a major success for AGS. Our deal with the Palms marks our largest Bonus Spin Xtreme installation to date. We’re proud to work with the San Manuel Band of Mission Indians to bring BSX to new players at the Palms Las Vegas, building on our previous install of 12 roulette tables at the Band’s Yaamava’ Resort & Casino at San Manuel in California.”

Paul Garcia, Director of Tables Games at the Palms Las Vegas, says: “By linking nearly 40 tables on Palms’ floor to a fast-growing single jackpot pool, Bonus Spin Xtreme elevates the player experience by creating more ways to win and have fun at the table.”

BSX is a proprietary technology that can link all table games within a casino, even if those games have disparate math models. The feature provides faster incrementing and larger progressive jackpots, rising to the challenge of offering a single jackpot on community-style table games.

With a growing suite of high-performing premium game products, an expanded core game library, and the industry’s most innovative table game progressive system, AGS continues to grow and diversify its product portfolio to turbo-charge operators’ casino floors


AGS (NYSE: AGS) is bringing home the bacon at the Indian Gaming Trade Show & Convention April 19-22, 2022, as the company plans to unveil a new multi-denomination game play feature for its high performing Rakin’ Bacon Deluxe slot theme on the Orion Curve Premium cabinet. The fun doesn’t stop with slots, as AGS will also showcase its award-winning Bonus Spin Xtreme table game progressive side bet, building on its tremendous success since launch. Visit booth 1431 for AGS’ full display.

AGS will introduce the player-selectable multi-denomination feature to its Rakin’ Bacon Deluxe slot theme, which is celebrating its one-year launch anniversary during the show.

Mark Dedeaux, SVP & GM, Slots for AGS, says: “This year, we’re focused on diversifying our portfolio by entering new game categories like high-denom reels with our Mega Diamond title, as well as innovating on traditional gameplay to enhance the player experience. The introduction of multi-denom functionality on our Rakin’ Bacon Deluxe premium game package has the potential to further amplify the performance on this already high-performing product. Additionally, we're showing a mix of proven winners like Captain Riches and Lucky O’Reilly, plus new titles like Ultimate Rise and Mighty Power, which truly highlight the AGS spirit. The AGS portfolio is stronger and more diverse than it’s ever been, as we continue to heat up casino floors with strong themes and vibrant graphics that players love.”

The AGS table games team continues to look for ways to allow operators to earn a little extra bacon of their own, supported by the launch of the award-winning Bonus Spin Xtreme progressive side bet. The feature links all games across the entire casino floor to a single shared jackpot, upping the ante with massive potential prizes. The Bonus Spin Xtreme compatible library is ever-growing; player-favorite games like roulette and baccarat will be available at the AGS booth to try out this innovative progressive feature firsthand.

John Hemberger, SVP & GM, Table Products for AGS, says: “We’re always rethinking what is possible with table game jackpots and community-style play. Bonus Spin Xtreme fires up player engagement by linking all tables on the floor to a single jackpot pool, creating a bigger and faster-growing jackpot. It’s the only progressive side bet on the market to provide one unique progressive jackpot winner for community-style table games like roulette, baccarat and craps. The Indian Gaming Trade Show is the perfect place to showcase this innovative progressive system, in addition to our new single-deck PAX S card shuffler on our commission-free Dragon Dai Bacc game.”

AGS will showcase Rakin’ Bacon Deluxe, Bonus Spin Xtreme, and various other innovations from its ever-expanding portfolio at the Indian Gaming Trade Show from April 19-22. Visit AGS at booth 1431. For more, visit PlayAGS.com.

Fourth Quarter 2021 Highlights:

• Domestic EGM RPD Exceeded $30 for the Third Consecutive Quarter

• Premium EGM Footprint More than Doubled Year-over-Year

• EGM Replacement Unit Sales Increased by over 35% Sequentially

• Table Products Revenue Surpassed $3 Million for the Second Straight Quarter

• Successfully Completed a Comprehensive Debt Refinancing on February 15, 2022

• Continue to Target Year-End 2022 Net Leverage of less than 4.0x

LAS VEGAS, MARCH 10, 2022 - PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we" or the "Company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the fourth quarter and full year ended December 31, 2021.

In addressing the Company's fourth quarter and full year financial performance, AGS President and Chief Executive Officer David Lopez said, "If 2020 was the year of resiliency within our business, 2021 was the year of transition. Supported by the foundational changes put into place over the preceding 18 months and an accommodative macroeconomic backdrop, we were able to establish operating momentum within all three business verticals as we progressed throughout the year, a trend that continued into the fourth quarter."

Mr. Lopez continued, "With our improved 2021 financial results behind us, our attention has shifted to ensuring we are best positioned to achieve even greater success in 2022. To that end, I would characterize 2022 as a year of acceleration for AGS; one in which we will look to further leverage the continuous improvement in our people, products and processes to strengthen our financial performance."

Kimo Akiona, AGS' Chief Financial Officer, added, "I am pleased with the degree to which we were able to improve the quality and flexibility of our balance sheet throughout 2021. Looking ahead to 2022, I believe the operational momentum we continue to see within the business, the approximately $10 million of annualized cash interest expense savings we expect to realize as a result of our recent refinancing transaction, and our organizational commitment to maximizing free cash flow position us to deliver upon our year end net leverage target of less than 4.0x."

 Fourth  Quarter 2021 Financial Results

• Given the COVID-19 pandemic's continued impact on the global gaming industry throughout Q4 2020, we have included our Q4 2019 financial results in the tables presented throughout this release, as we believe comparisons to Q4 2019 metrics provide more meaningful insight into the recovery trajectory of our various business segments.
• Consolidated revenue totaled $70.2 million, marking the fourth consecutive quarter in which we were able to achieve quarterly sequential revenue growth. Q4 2021 consolidated revenue exceeded the level reached in Q3 2021 by approximately 4%, supported by an over 20% increase in EGM equipment sales, sustained strength within our domestic EGM recurring revenue business, record Table Products performance, and further recovery in our international EGM gaming operations revenue. Q4 2021 consolidated revenue reached approximately 90% of the level achieved in Q4 2019, as higher revenue contributions from our domestic EGM recurring revenue, Table Products and Interactive businesses were more than offset by the more gradual post-COVID-19 recoveries we are experiencing within our EGM equipment sales and international EGM gaming operations verticals. Although slower to fully recover, it is important to note EGM equipment sales increased sequentially in all four quarters of 2021, while international EGM gaming operations revenue has improved sequentially in all six quarters since reaching COVID-19-impacted lows in Q2 2020.
• Gaming operations, or recurring revenue, increased to $52.9 million versus $40.0 million and $51.6 million in Q4 2020 and Q4 2019, respectively. Relative to Q4 2019, the growth achieved within our domestic EGM, Table Products, and Interactive recurring revenue businesses was partially offset by a decline in our international EGM recurring revenue business, as previously discussed. In aggregate, recurring revenue accounted for approximately 75% of our consolidated Q4 2021 revenue compared to approximately 86% and 66% in Q4 2020 and Q4 2019, respectively.
• Our 2021 fourth quarter net loss of $9.1 million improved as compared to the $17.2 million net loss incurred in Q4 2020. The year-over-year decline in our reported net loss reflects our improved financial performance and lower depreciation and amortization ("D&A") expense. Our net loss increased relative to net income of $1.4 million realized in Q4 2019, driven by the modest decline in our financial performance, higher interest expense and decreased income tax benefit, partially offset by lower D&A expense.
• Total Adjusted EBITDA (non-GAAP)(1) was $32.3 million compared to $21.3 million in Q4 2020 and $37.3 million in Q4 2019. Interactive and Table Products Adjusted EBITDA increased sharply relative to the levels achieved in Q4 2019, supported by the successful execution of our strategic revenue growth initiatives within each of the segments. EGM Adjusted EBITDA decreased approximately 20% versus Q4 2019 levels, as the upside from our improved Q4 2021 domestic EGM gaming operations performance was more than offset by the more gradual recoveries we are experiencing within our EGM equipment sales and international EGM gaming operations businesses.
• Total Adjusted EBITDA margin (non-GAAP)(1) was 45.9%, relatively consistent with the 45.7% achieved in Q4 2020. Adjusted EBITDA margin compressed by approximately 200bps(2) compared to the 47.9% reached in Q4 2019, as the improved profitability achieved within the Table Product and Interactive segments was more than offset by a reduction in our EGM segment Adjusted EBITDA margin, which we attribute to our tactical decision to allow operating expenses to normalize to pre-COVID-19 levels in advance of a corresponding recovery in EGM revenues to ensure we best position the business to achieve long-term success.

(1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see non-GAAP reconciliation below.
(2) Basis points ("bps").

EGM Quarterly Results

Domestic Gaming Operations (3)

• Domestic EGM gaming operations, or recurring revenue, increased to $43.4 million compared to $34.1 million and $41.6 million in Q4 2020 and Q4 2019, respectively. A greater mix of higher-yielding premium games, more consistent core game content execution, and a stable gaming macroeconomic backdrop drove our improved revenue performance. Quarterly domestic EGM recurring revenue exceeded corresponding 2019 levels for the third consecutive quarter.
• Our domestic EGM installed base grew by more than 170 units versus the 15,767 units installed at September 30, 2021, marking the second consecutive quarterly sequential increase in our domestic EGM installed base. Growing operator demand for our expanded suite of premium recurring revenue products and, to a lesser degree, new casino opening and expansion activity paced the quarterly sequential unit growth. Our domestic installed base decreased by 329 units and 2,429 units versus Q4 2020 and Q4 2019, respectively, with the overwhelming majority of the declines directly attributable to our decision to strategically prune lower-yielding units.
• Domestic EGM revenue per day ("RPD") increased by more than 20% compared to the $24.97 achieved in Q4 2019. Continued growth of our higher-yielding premium game footprint, accelerating core game content momentum, the strategic pruning of lower-yielding units, and a stable gaming macroeconomic environment drove our improved domestic RPD performance. Domestic EGM RPD exceeded $30 for the third consecutive quarter.
• Our premium game footprint more than doubled year-over-year, accounting for approximately 10% of our domestic EGM installed base at December 31, 2021 compared to approximately 9% and 4% at September 30, 2021 and December 31, 2020, respectively. We estimate our premium game footprint generated over 15% of our Q4 2021 domestic EGM gaming operations revenue.

International Gaming Operations

• International EGM gaming operations revenue totaled $3.9 million compared to $1.8 million in Q4 2020 and $6.0 million in Q4 2019. The decline versus Q4 2019 reflects the degree to which our Mexico business has been impacted by measures implemented to slow the spread of COVID-19, including the imposition of casino capacity restrictions. Additionally, in contrast to the United States, Mexico has not provided any type of fiscal stimulus to support its post-COVID-19 economic recovery. International EGM gaming operations revenue increased approximately 5% over Q3 2021 levels, marking the sixth consecutive quarterly sequential increase following Q2 2020 COVID-19-impacted lows.
• International EGM RPD was $5.55 compared to $2.56 in Q4 2020 and $7.65 in Q4 2019. International EGM RPD improved approximately 9% on a quarterly sequential basis from the $5.11 achieved in Q3 2021, supported by an increase in the number of active playable games in casinos and Mexico's continued, albeit gradual, post-COVID-19 macroeconomic recovery. We estimate Q4 2021 international EGM RPD, adjusted to exclude inactive games, was relatively in line with Q4 2019 levels.
• Our international EGM installed base totaled 7,643 units at December 31, 2021, representing a modest decrease as compared to the 7,896 units installed as of September 30, 2021.We estimate approximately 70% of our international EGM installed base was active and playable as of December 31, 2021 compared to approximately 35% as of December 31, 2020.
• Given the more gradual revenue recovery we are experiencing within our Mexico business, our team remains focused on managing costs to preserve profitability. To that end, our international EGM segment continued to contribute positive Adjusted EBITDA in Q4 2021.

Equipment Sales

• We sold a total of 815 domestic EGM units compared to 283 units and 1,173 units in Q4 2020 and Q4 2019, respectively. EGM unit sales increased meaningfully versus the 663 units sold in Q3 2021, supported by sustained core game content momentum, further penetration of product adjacencies, such as Historical Horse Racing ("HHR"), and continued recovery in core North American replacement unit demand, partially offset by a more modest opening and expansion opportunity set. Excluding casino opening and expansion units, EGM unit sales increased by more than 35% on a quarterly sequential basis.
• Domestic average sales price ("ASP") was $19,286 versus $18,035 in Q4 2020 and $17,833 in Q4 2019. Our improved domestic ASP reflects a greater mix of premium-priced Orion Curvecabinets, which accounted for over 55% of Q4 2021 total units sold, and successful implementation of our price integrity initiative. Domestic ASP increased approximately 2% compared to the $18,970 achieved in Q3 2021.
• We sold units into 19 U.S. states and three Canadian provinces throughout Q4 2021, with Nevada, Virginia and California emerging as our top three sales markets.

Product Highlights

• Our Orion Curve Premium installed base more than doubled on a quarterly sequential basis, supported by the strong performance of our player-favorite Rakin Bacon Deluxegame themes in both Class II and Class III jurisdictions. We continue to develop a diverse pipeline of new premium game content, game play mechanics and hardware to further support our long-term growth initiatives within the higher-yielding premium game segment.
• Our exceptional game performance and deep customer relationships have allowed us to command greater share within the expanding HHR market. The forward demand picture within the HHR market remains encouraging, supported by expansion and further market penetration opportunities within existing jurisdictions, including Virginia, Kentucky and Wyoming, and the pending launch of new jurisdictions, notably New Hampshire.
• We expect to materially broaden our core Class II game content portfolio throughout the first half of 2022, providing us with the means to further yield optimize our over 11,000-unit Class II EGM installed base in a capital efficient manner. Looking beyond 2022, we continue to look for opportunities to leverage our extensive experience, time-tested customer relationships, unique game play mechanics, and scale-advantaged footprint to further strengthen our competitive positioning within the stable Class II gaming market.

(3) "Domestic" includes both the United States and Canada.

 

Table Products Quarterly Results

• Gaming operations, or recurring revenue, grew to a record $3.1 million, paced by sustained customer demand for our industry-leading table game progressive products and the growing appeal of our all-inclusive site license offering, the AGS Arsenal. Recurring revenue increased approximately 5% over the previous record of $3.0 million set in Q3 2021.
• Adjusted EBITDA increased nearly 50% versus Q4 2020 and approximately 20% on a quarterly sequential basis to a record $2.0 million. Adjusted EBITDA margin was 61.2% compared to 52.4% in Q3 2021 and 51.6% in Q4 2020.
• Our installed base expanded by over 50 units on a quarterly sequential basis to a record 4,701 units, with growth achieved across all core segments of our diversified Table Products portfolio, including side bets, progressives, premium games, and card shufflers.
• Operator interest in our industry-leading and expanding table game progressive product suite continues to build, pushing our progressive installed base to over 1,700 units at December 31, 2021. Customer demand for our Royal 9 Baccaratprogressive product remains consistent, while the installed base of our highly anticipated Bonus Spin Xtreme ("BSX")progressive more than doubled on a quarterly sequential basis. We continue to receive constructive customer feedback on our initial BSXinstalls and expect customer adoption to accelerate in the quarters ahead, particularly as operators look to activate progressives on latent roulette tables.
• Our average monthly lease price ("ALP") increased approximately 4% compared to the $212 achieved in Q3 2021 and approximately 21% year-over-year. The approximately 8% decline in ALP versus Q4 2019 levels reflects the impact of AGS Arsenalon our reported metrics, as this offering is intended to strategically drive down per unit pricing in return for higher total revenue and an extended contract commitment.
• We were live with 16 AGS Arsenal site licenses at the end of Q4 2021 compared to 13 at the end of Q3 2021. Interest in our site license program continues to grow, supported by our organizational commitment to table product innovation and casino operators' desire to further enhance the efficiency of their table game operations.
• Subsequent to quarter end, we further strengthened our Table Product content portfolio through the acquisition of the player-favorite Lucky Luckyblackjack side bet from Aces Up Gaming. In addition to expanding our side bet installed base, the Lucky Luckyasset has the potential to strengthen our AGS Arsenalvalue proposition and broaden our progressive product portfolio over time.
• We recently received GLI approval for our PAX Sspecialty game card shuffler and our first revenue generating units are already live in the field.

Interactive Quarterly Results

• Total Interactive revenue increased more than 50% year-over-year to $2.5 million, exceeding $2.0 million for the fourth consecutive quarter. Outsized growth within our real-money gaming business continues to support our improved Interactive revenue performance.
• Interactive Adjusted EBITDA grew to $816 thousand, marking the segment's eighth consecutive quarter of positive Adjusted EBITDA performance and reinforcing our commitment to scaling our Interactive business in a profitable fashion.
• RMG revenue more than doubled year-over-year to $2.0 million. The successful integration of our remote gaming server ("RGS") with additional iGaming operators, the expansion of regulated iGaming to additional North American jurisdictions, including several Canadian provinces, and continued strong performance of AGS game content paced the strong year-over-year RMG revenue growth comparison.
• We continue to broaden our RMG content catalog with over 30 AGS titles currently available for play online. Our content is live in the majority of the most prominent regulated North American online jurisdictions, including PA, MI, NJ, Ontario, and Quebec, and we continue to prepare for scheduled upcoming launches into additional jurisdictions, including CT, WV, British Columbia, and Alberta.
• Social gaming revenue of $550 thousand was relatively consistent with the prior sequential quarter, as we continue to prioritize stability and profitability within this segment of our business. The year-over-year revenue comparison reflects the consumer's preference for at-home activities during Q4 2020 in response to the global spread of COVID-19, combined with a reduction in player marketing spend as part of our profitability focus within the segment.

Liquidity and Capital Expenditures

As of December 31, 2021, the Company had $125.0 million of total available liquidity, comprised of a $95.0 million available cash balance and $30.0 million of revolver availability, compared to total available liquidity of $111.7 million at December 31, 2020. The total principal amount of debt outstanding, as of December 31, 2021, was $615.7 million, predominantly comprised of $614.8 million in first lien term loans. 

Total net debt, which is the principal amount of debt outstanding less cash and cash equivalents, as of December 31, 2021 was approximately $520.8 million compared to approximately $540.8 million at December 31, 2020. The Total Net Debt Leverage Ratio decreased from 7.5 times at December 31, 2020 to 4.2 times at December 31, 2021 (see Total Net Debt Leverage Ratio Reconciliation below(4)), placing the Company well within compliance of its 6.0 times financial covenant.

On February 15, 2022, the Company successfully completed the refinancing of its total debt outstanding through the issuance of (i) a senior secured first lien term loan in an aggregate principal amount of $575.0 million due 2029 (the "New Term Loan Facility"), the proceeds of which, together with cash on hand, were used to repay all amounts outstanding under the Company's existing term loan facilities and to pay related fees and expenses, and (ii) a $40.0 million senior secured first lien revolving facility due 2027 (the "New Revolving Credit Facility"), which was undrawn at close. The refinancing transaction simultaneously lowered the principal amount of debt outstanding by approximately $40 million, reduced annualized cash interest expense by approximately $10 million, relative to the level incurred for the full year 2021, expanded the Company's revolver capacity to $40.0 million, and extended key debt maturities. Pro-forma for the refinancing transaction, the Company's total net debt was approximately $538.3 million. 

Fourth quarter 2021 capital expenditures totaled $15.3 million, primarily comprised of $9.7 million in growth capital expenditures, which reflect costs associated with the placement of additional units into the Company's leased installed base, and $4.1 million in intangible capital expenditures, inclusive of capitalized internal software development costs. Capital expenditures for the full year ended December 31, 2021 totaled $51.5 million compared to $71.1 million for the full year ended December 31, 2019. 

2022 Net Leverage Target

Supported by our strong finish to 2021, the approximately $10 million of annualized cash interest expense savings we expect to realize in conjunction with our recent debt refinancing and the operating momentum we continue to see in the business, we remain confident in our ability to deliver upon our previously issued year-end 2022 net leverage target of less than 4.0x.

(4) Total Adjusted EBITDA and Total Net Debt Leverage Ratio are non-GAAP measures, see non-GAAP reconciliation below.

 

Complete release with spreadsheets: https://investors.playags.com/news/press-releases/press-release-details/2022/AGS-REPORTS-FOURTH-QUARTER-AND-FULL-YEAR-2021-RESULTS/.

Key Transaction Highlights

- Lowers total principal amount of debt outstanding by approximately $40 million

- Reduces annualized cash interest expense by approximately $10 million

- Expands Revolving Credit Facility capacity to $40 million

- Extends key debt maturities



LAS VEGAS, February 15, 2022 - PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it has successfully completed the refinancing of its total debt outstanding through the issuance of (i) a senior secured first lien term loan in an aggregate principal amount of $575.0 million due 2029 (the “New Term Loan Facility”), the proceeds of which, together with cash on hand, were used to repay all amounts outstanding under the Company’s existing term loan facilities and to pay related fees and expenses, and (ii) a $40.0 million senior secured first lien revolving facility due 2027 (the “New Revolving Credit Facility”), which was undrawn at close. The New Term Loan Facility will bear interest at the Secured Overnight Financing Rate (“SOFR”) plus 4.00%, subject to a 0.75% SOFR floor, while the New Revolving Credit Facility will bear interest at SOFR plus 4.00%, subject to a 0.00% SOFR floor.

“I am extremely pleased with the outcome of the Company’s recent debt refinancing, as it simultaneously lowers our total principal amount of debt outstanding, reduces our borrowing costs and extends key debt maturities,” commented AGS Chief Financial Officer, Kimo Akiona. “Additionally, the increase in our revolver capacity from $30 million to $40 million strengthens our overall financial flexibility. Looking ahead, supported by the approximately $10 million of annualized cash interest expense savings we expect to realize, relative to the level incurred for the full-year 2021, coupled with the operating momentum we continue to see in the business, I remain confident in our ability to deliver upon our previously issued year-end 2022 net leverage target of less than 4.0x.”

For additional details regarding the refinancing transaction, investors should review the form 8-K filed today with the SEC.

LAS VEGAS, January 27, 2022 - PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced plans to refinance its outstanding credit facilities and extend debt maturities. AGS intends to fully refinance its $521.2 million Term Loan Facility due 2024 and its $93.6 million Term Loan Facility due 2024. As part of the refinancing transaction, AGS intends to seek a new $575.0 million Term Loan Facility due 2029 and use a portion of the cash on its balance sheet. Additionally, the Company intends to refinance and upsize its undrawn $30 million Revolving Credit Facility due 2023 to a $40.0 million Revolving Credit Facility due 2027, which is expected to be undrawn at closing.



Company Overview

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 tribal gaming market, but our customer-centric culture and remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming equipment suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly rated social casino, real-money gaming solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at playags.com.


AGS Investor & Media Contacts:

Brad Boyer, Senior Vice President Corporate Operations and Investor Relations

bboyer@playags.com


Julia Boguslawski, Chief Marketing Officer

jboguslawski@playags.com

LAS VEGAS, Jan. 18, 2022 /PRNewswire/ -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced selected preliminary financial results for the fourth quarter and full year ended December 31, 2021 in conjunction with the Company's intention to explore a refinancing of its outstanding revolving credit facility and term loan credit facilities. A refinancing transaction could include increasing the size of the Company's revolving credit facility, extending its debt maturities and reducing its borrowing costs. Additionally, the Company could look to use a material amount of cash on the Company's balance sheet that could exceed $50 million in connection with such refinancing.

AGS President and Chief Executive Officer David Lopez said, "Our preliminary fourth quarter 2021 financial results further reflect the operating momentum we are witnessing across all three segments of our business. I continue to believe we have the best lineup of new products in our Company's history and am excited about the opportunities that lie ahead." 

The information for the fourth quarter and fiscal year ended December 31, 2021 included in this release is preliminary, has been prepared by the Company's management, has not been reviewed or audited by the Company's auditors and represents the best estimates of management based on the information available to them as of the date of this release. The Company is in the process of completing its audit for the fiscal year ended December 31, 2021 and currently anticipates releasing its 2021 fourth quarter and full year results on March 10, 2022, after the market close. As a result, the information for the fourth quarter and fiscal year ended December 31, 2021 included in this release is subject to adjustments, and it is possible that the Company's actual reported financial results may differ from the estimates included in this release due to the completion of audit procedures and final adjustments that may arise between now and the time the Company's financial results for the fourth quarter and fiscal year ended December 31, 2021 are finalized, audited and reported. The Company cannot provide any assurances to you that when the estimated financial information for the fourth quarter and fiscal year ended December 31, 2021 presented in this release is finalized, audited and reported that such financial information will not be materially different from the information presented herein. 

The Company is sharing these preliminary financial results with its prospective lenders in connection with a potential refinancing transaction. The Company has not committed to engage in any refinancing transaction and the pursuit of any refinancing transaction is subject to market conditions.

Introducing 2022 Net Leverage Target

Supported by the current operating momentum being witnessed across all three business segments, the Company is targeting to reach a net leverage ratio (Net Debt divided by trailing-12 month Adjusted EBITDA) of less than 4.0x by December 31, 2022. The Company's net leverage ratio target does not contemplate, nor is it dependent upon, a refinancing of its outstanding indebtedness.

The Company is not providing a quantitative reconciliation of its target for trailing 12-month Adjusted EBITDA to net income (loss), which is its corresponding GAAP measure, because this GAAP measure is difficult to reliably predict or estimate without unreasonable effort due to its dependence on future uncertainties, such as the adjustments or items discussed below under the heading "Non-GAAP Financial Measures." Additionally, information that is currently not available to the Company could have a potentially unpredictable and potentially significant impact on its future GAAP financial results. 

Proven blackjack side bet enhances AGS’ rich content portfolio and provides opportunity for further growth of its industry-leading progressives

LAS VEGAS – January 6, 2022 – AGS (NYSE: AGS) or (the “Company”) announced today that it has acquired the player-favorite Lucky Lucky® blackjack side bet from Aces Up Gaming.

“With more than 1,000 units across the country, Lucky Lucky is an established and high-performing side bet that supercharges the base game of blackjack for a one-of-a-kind player experience,” said John Hemberger, Senior Vice President of Table Products. “Popular in both e-Tables and online gaming formats, Lucky Lucky’s appeal extends beyond the traditional brick-and-mortar live table game environment, making it a natural next-step to introduce with a progressive. We believe Lucky Lucky will further cement our position as the leading provider of blackjack progressive content in the industry.”

Lucky Lucky is a proven and popular side bet that totals the player’s cards with the dealer’s up-card to trigger exciting paytable outcomes. At the start of each hand, players may place the Lucky Lucky wager in addition to the underlying blackjack wager. Each player receives their first two cards, which are added to the dealer’s up-card to create a three-card total; odds are paid if the total is nineteen or higher, with the top award being suited 7-7-7.

“When we started our table games business more than seven years ago, our goal was to create a dynamic portfolio of the best proprietary games, side bets, progressives, and table equipment in the industry, supported by a best-in-class sales network,” Hemberger continued. “Since then, we have built a deep content library through organic growth and strategic acquisitions; adding Lucky Lucky is yet another example of how we maintain the most innovative and competitive offerings in the tables space.”

AGS AWARDED HIGHEST HONOR FOR SUPPORTING VETERANS IN WORKPLACE – THE 2021 ‘HIRE VETS PLATINUM MEDALLION AWARD’ THROUGH U.S. DEPARTMENT OF LABOR

Company recognized for its patriotism, commitment to recruiting, employing, and retaining veterans

LAS VEGAS– November 11, 2021 – AGS (NYSE: AGS) or (the “Company”) today announced that it was awarded the highest and most prestigious award for commitment to U.S. military veterans — the 2021 HIRE Vets Platinum Medallion through the U.S. Department of Labor’s HIRE Vets program. This award is given annually to companies that demonstrate commitment and leadership in recruiting, employing, and retaining military veterans, as well as providing veteran integration assistance programs.

By meeting the criteria required for a Platinum Medallion Award, the highest level of the program, AGS “demonstrated both patriotism and recognition of the value veterans bring to the workplace,” according to the U.S. Department of Labor.

AGS was not only one of just five companies in Nevada to earn a Platinum Medallion through the HIRE Vets program, but was the only gaming company to receive this designation nationally.

AGS President and Chief Executive Officer David Lopez, an eight-year military veteran, said, “At AGS we recognize that because of their backgrounds and experience, veterans bring leadership, diversity, and a spirit of collaboration to our company where they are valuable contributors to our success. We have made a firm commitment to not only hire more veterans, but to provide support and resources to our veteran employees and their families so they can thrive at work and in their communities. We’re honored to receive the Platinum Medallion through HIRE Vets and remain passionate about further bolstering our veteran’s initiatives.”

Veterans make up approximately 11 percent of AGS’ overall workforce. In addition, AGS empowers and supports its veteran employees and their families in their communities with a focus on quality of life – housing, spirituality, education, health, recreation, and access to benefits. AGS is also dedicated to honoring the U.S. military through a variety of community outreach initiatives and support of local and national veteran’s organizations.

Initiated by the Honoring Investments in Recruiting and Employing American Military Veterans (HIRE Vets) Act of 2017, the HIRE Vets Medallion award recognizes businesses, organizations, and companies for excellence in leadership when it comes to promoting veterans’ employment. Recipients demonstrate to their customers and future employees that they are dedicated to hiring veterans and supporting their careers. The HIRE Vets Medallion Award is the only federal-level veterans’ employment award that recognizes employers.

Third Quarter 2021 Highlights:

• Domestic EGM RPD Exceeded $30 for the Second Consecutive Quarter

• Domestic EGM Installed Base Increased Sequentially for the First Time Since Q3 2019

• Domestic EGM Gaming Operations Revenue Eclipsed Q3 2019 Levels

• Premium Game Footprint Nearly Doubled Year-to-Date

• Table Products Revenue Reached Another All-Time Record

• Net Loss Improved to $1.8 Million Compared to $3.9 Million in Q2 2021

• Adjusted EBITDA Margin Surpassed the Upper End of our Targeted 45% to 47% Range

• Approximately $118 Million of Available Liquidity as of September 30, 2021

• Net Leverage Reduced to 4.7x as of September 30, 2021


LAS VEGAS, NOVEMBER 4, 2021 - PlayAGS, Incorporated (NYSE: AGS) ("AGS", "us", "we" or the "Company") today reported operating results for its third quarter ended September 30, 2021.

AGS President and Chief Executive Officer David Lopez said, "Our third quarter financial performance once again reflects our growing product momentum and improved execution across all three of our operating segments. The investments we have made into our business over the past eighteen months have strengthened our company's foundation, which should pave the way for meaningful shareholder value creation in the coming quarters."

Kimo Akiona, AGS' Chief Financial Officer, added, "Supported by our solid third quarter financial results and the stability we are in seeing within our business fourth quarter to date, we now expect to be nicely free cash flow positive for the full year 2021 and to end the year with net leverage inside of 4.5x TTM Adjusted EBITDA. Looking ahead, we continue to carefully manage our leverage and liquidity position to ensure we can execute on opportunities to lower our borrowing costs as they present themselves, with an intermediate-term focus on restoring the balance sheet flexibility we had prior to the onset of COVID-19, when our balance sheet was levered well inside of 4.0x."

 

Third Quarter 2021 Financial Results

• Given the degree to which the COVID-19 pandemic impacted the global gaming industry throughout Q3 2020, we have included our Q3 2019 financial results in the tables presented throughout this release, as we believe comparisons to Q3 2019 metrics provide more meaningful insight into the recovery trajectory of our various business segments.  
• Consolidated revenue totaled $67.3 million compared to $49.3 million and $79.4 million in Q3 2020 and Q3 2019, respectively. Growth in domestic EGM gaming operations and Interactive revenue, combined with all-time record Table Products revenue, was more than offset by declines in EGM equipment sales and international EGM gaming operations revenue versus Q3 2019 levels. Although Q3 2021 EGM equipment sales revenue came in below Q3 2019 levels, we are encouraged by evidence of operators' growing propensity to commit capital for new equipment purchases. Similarly, while efforts to curtail the spread of COVID-19, coupled with the lack of fiscal stimulus, has protracted the recovery in our Mexico gaming operations business, we remain cautiously optimistic in the prospects for the Mexico gaming market to make a full recovery.
• Gaming operations, or recurring revenue, increased to $53.2 million versus $36.3 million and $52.5 million in Q3 2020 and Q3 2019, respectively. Relative to Q3 2019, the growth achieved within our domestic EGM, Table Products, and Interactive recurring revenue businesses was partially offset by a decline in our international EGM recurring revenue business, as previously discussed. In aggregate, recurring revenue accounted for 79.1% of our consolidated Q3 2021 revenue compared to 73.7% in Q3 2020 and 66.2% in Q3 2019. 
• Our 2021 third quarter net loss of $1.8 million improved as compared to net losses of $11.1 million and $5.5 million realized in Q3 2020 and Q3 2019, respectively. The year-over-year decline in our reported net loss reflects our improved operating performance and lower depreciation and amortization ("D&A") expense.  The improvement in our reported net loss, as compared to the level reported in Q3 2019, was driven by lower D&A and income tax expense, partially offset by slightly higher interest expense.  
• Total Adjusted EBITDA (non-GAAP)(1)was $31.9 million compared to $27.0 million in Q3 2020 and $36.8 million in Q3 2019. Interactive and Table Products Adjusted EBITDA increased sharply relative to the levels achieved in Q3 2019, supported by successful execution of our strategic revenue growth initiatives within each of the segments. EGM Adjusted EBITDA decreased 17.7% versus Q3 2019 levels, as the upside from our improved Q3 2021 domestic EGM gaming operations performance was more than offset by the more gradual recoveries we are experiencing  within our EGM product sales and international EGM gaming operations businesses. 
• Total Adjusted EBITDA margin (non-GAAP)(1) was 47.4% compared to 54.8% in Q3 2020. Margins in the prior year period benefitted from our domestic recurring revenue businesses recovering from COVID-19-related shutdowns in advance of normalization in our operating expenses as well as a sale of previously leased units to a distributor in the prior year with a favorable gross margin. Adjusted EBITDA margin expanded by 108bps versus Q3 2019, supported by a favorable mix of higher-margin recurring revenues and the rate of our revenue recovery from post-COVID-19 lows exceeding the rate of normalization in our operating costs. 

 

See the complete results with spreadsheets here

LOS ANGELES and LAS VEGAS, Oct. 19, 2021 /PRNewswire/ -- Game Play Network ("GPN") today announced a game publication agreement with AGS (NYSE: AGS) to integrate AGS' remote game server (RGS) and online and mobile games into GPN's B2C website & mobile app.

"We are excited to be partnering with one of the leading game developers in the industry, with a game portfolio that includes class-leading titles such as Fu Nan Fu Nu, Rakin' Bacon! and Golden Wins," said Sam Kiki, GPN's Chief Commercial Officer. "AGS' game portfolio will shortly be available on b spot, our B2C app. More importantly, we are assisting AGS with its targeted 2022 launch of this new class of games to our B2B customers, including SuperDraft, the daily fantasy platform partnered with Caesars Entertainment."

GPN is a licensed gaming company with a patented platform that facilitates the reveal of real money wagers on live horse races to customers via casino-style games. The platform enables its strategic partners to offer their players the immediate, unrivaled ability to offer iGaming for real money in the vast majority of the U.S., reaching 40% more of the population than other iGaming companies, and thus dramatically increasing their total addressable market.

AGS Chief Executive Officer David Lopez said, "Our game catalog is rich with titles that have performed very well in both the land-based and online environment – and our library continues to grow. We are pleased to be the first major game developer to partner with GPN to offer these online games through GPN's unique platform."

Bonus Spin Xtreme™ Wins ‘Gold’ in Gaming & Technology Awards; Director of Sales Jamie Smith Named Among ‘Emerging Leaders of Gaming 40 Under 40’

 

LAS VEGAS – October 5, 2021 – AGS (NYSE: AGS) or (the “Company”) today announced that its Table Products division won two key industry awards this week during the Global Gaming Expo (“G2E”) at the Venetian Expo in Las Vegas. AGS’ Bonus Spin Xtreme™ progressive side bet system won the coveted Gold award in the Gaming & Technology Awards, while the Company’s Director of Sales — Table Games Jamie Smith was named among the ‘Emerging Leaders of Gaming 40 Under 40’.

       

Jamie Smith                                                                                              Bonus Spin Xtreme            

                  
AGS’ Senior Vice President of Table Products John Hemberger said, “We couldn’t be more thrilled that Bonus Spin Xtreme got the recognition it deserved. From the get-go, this product has been a game changer that has helped AGS in its pursuit to be the No. 1 table game progressives company in the world. We are also proud to recognize the captain of our Sales team – Jamie Smith – as a rising star in gaming. Jamie’s positive energy and laser-focus on winning have fueled the efforts of our Sales team and our ability to grow our footprint with leading-edge products like Bonus Spin Xtreme. Her leadership will continue to drive us forward as we capitalize on the significant greenfield in front of us.”

The annual GGB Gaming & Technology Awards are the industry’s most prestigious awards for technology, products, and services that enhance the gaming experience. Last year, Bonus Spin Xtreme won the Silver award for ‘Best Table-Game Product or Innovation,’ and this year the judges selected it to win the top Gold award. Bonus Spin Xtreme was also shortlisted in the 2021 Global Gaming Awards as ‘Product Innovation of the Year’, recognized because it is the only table progressive which can link all tables within a casino and offer a single shared progressive jackpot. At this year’s G2E, customers will see how AGS has expanded the player universe by allowing Bonus Spin Xtreme integration onto community-style games like roulette, craps, and baccarat – a first of its kind.


The Emerging Leaders of Gaming program through The Innovation Group annually honors young professionals making significant impacts in the casino gaming industry. Smith was selected from more than 125 candidates nominated and is being recognized for being well equipped to lead the industry out of these extraordinary times and uniquely informed to direct its future.

Join Our G2E Cast of Dancing Tiki Men, Lucky Cats, Chubby Chickens, Looming Tigers, and Vivid Samurais in Booth No. 1253


LAS VEGAS – October 4, 2021 – AGS (NYSE: AGS) or (the “Company”) invites you to a Global Gaming Expo (“G2E”) experience like no other in booth No. 1253 at the Sands Expo in Las Vegas October 5-7. You’ll be transported to an effortlessly cool, metropolitan block party, where you can relax, reconnect, and rock-out while surrounded by dancing tiki men, lucky cats, chubby chickens, looming tigers, and vivid samurais; these lively slot characters debut in AGS’ robust product lineup for G2E, which spans Slots, Table Products, and online social and real money games.


AGS President and Chief Executive Officer David Lopez said, “For us, this year’s G2E is all about the games and the opportunity to reconnect. It’s been two years since our customers have come together for this event, so our emphasis is on products and the characters, which includes our energetic game characters as well as AGS’ own cast of team members. Gaming is meant to entertain and to be fun, and as customers enter our booth, they will feel these themes permeate throughout. We also took the opportunity this year to be more streamlined and intentional in our showcase. The key takeaways for customers will be very clear: 1) the depth of content and eye-catching, flexible configurations in our Slot business, 2) industry-leading progressives in our Tables division, and 3) our growing game library in Interactive.”


AGS’ Slot showcase will demonstrate a thoughtfully curated lineup of games and configurations for the Class II, Class III, historical horse racing, and international markets. Highlights include:

Compelling New Configurations with Exciting Game Families

• A new in-line configuration for the Orion Curve Premium platform, designed for elevated merchandising and social distancing, and featuring new titles:

     * Golden Catch™, launching the Wild Catch™ family, which highlights AGS’ use of VSync technology to create a community-style experience on the 49-inch portrait monitors as sea life floats from one game to the next, delivering winning potential as they go.
     * Player-selectable multi-denom Mega Boost games Wheel Charge™ and WheelCharred™, offering an upgradeable boosting wheel, cash on reels, and rewarding free games.

• A 360-degree overhead digital display and game-themed spacers for the Orion Curve Premium platform, boasting new Ultimate Choice Jackpots™ games Atlantis Riches® and Pots O’Luck™. These games feature an entertaining free games bonus with a persistent wild reel feature and exhilarating jackpot pick bonus.


Feature and Character-Rich Experiences on Starwall x Orion

• The debut of the Epic Reels™ family launching with stunning traditional Japanese art-style games Musha™ and Mouko™. These titles feature a hold-and-win mechanic, dual wheel bonus, and enhanced synchronization with the Starwall.

• The Prize Stacks™ family will feature Tiki Jungle™ and Tiki Shores™, two vibrant island-themed games. These two games offer frequent appearances by a fun-loving tiki man and stir up a buzz on the Starwall as cascading wins add anticipation and the reels grow during free games for potentially bigger wins.


In Table Products, the main products taking center stage are:

• The three-time award-winning Bonus Spin Xtreme progressive side bet system with a special spotlight on roulette. Showcasing its ability to connect and provide a single progressive jackpot for all table games, this innovative product has been a smash hit since launch. For this year’s show, customers will see how AGS has expanded the player universe by allowing integration onto community-style games like roulette, craps, and baccarat – a first of its kind.

• AGS’ newest card shuffler – the Pax S single-deck packet shuffler. Designed for all specialty games, the sleek Pax S features sophisticated, secure card recognition technology and fits into existing table cutouts for ease of installation.


From AGS Interactive, highlights include:

• Proven AGS land-based game content that is performing well online, including Capital Gains, Fu Nan Fu Nu, Golden Wins, Jade Dragons, and Rakin’ Bacon!

• Now live in Michigan, Pennsylvania, New Jersey, Ontario, and Quebec’s online markets, AGS game titles are available to i-Gaming operators across the globe.

LAS VEGAS, August 5, 2021 - AGS (NYSE: AGS) ("AGS", "us", "we" or the "Company") today reported operating results for its second quarter ended June 30, 2021.

Second Quarter 2021 Highlights:

• Net Loss Improved to $3.9 Million Compared to $7.8 Million in Q1 2021

• Adjusted EBITDA Totaled $32.1 Million, Up More than 20% Over Q1 2021

• Domestic EGM RPD and Domestic Gaming Operations Revenue Established New Company Records

• Orion Starwall Footprint Grew to over 520 Games at Quarter End

• Table Products Adjusted EBITDA Reached a New Quarterly Record of $1.4 Million

• Interactive Real Money Gaming Revenue More than Doubled to a Record $2.2 Million

• Generated Over $14 Million of Free Cash Flow YTD; Nearly $120 Million of Available Liquidity as of June 30, 2021

• Reduced Net Leverage to 5.0x as of June 30, 2021 from 7.5x at December 31, 2020

 

AGS President and Chief Executive Officer David Lopez said, "We were able to leverage our over 15,000 unit domestic EGM installed base, our growing premium game footprint, and the revenue strength witnessed throughout the domestic gaming market to establish new Company records in both domestic EGM revenue per day ("RPD") and domestic EGM gaming operations revenue in the second quarter. Looking ahead, our improved execution and accelerating product momentum across all three of our business segments position us to deliver additional growth and share taking in the coming quarters."

Kimo Akiona, AGS' Chief Financial Officer, added, "The continuous improvement being achieved as a result of our enhanced game content development execution, upgraded product management capabilities, and refined capital deployment processes, sets us on a path to deliver more consistent financial performance, improving our capital returns and leverage profile, and, most importantly, strengthening shareholder value over time."

The complete quarterly report and presentation are at http://investors.playags.com/financial-information/quarterly-results/default.aspx.

 

LAS VEGAS – July 20, 2021 — AGS today announced that it was named among the Best and Brightest Companies to Work For in the Nation® and in Metro Atlanta for 2021 – the fifth consecutive year that AGS has won the coveted nationwide and Atlanta distinction.

AGS President and Chief Executive Officer David Lopez said, “After the challenging pandemic year that we all just went through, winning the Best and Brightest in the nation and Atlanta for the fifth straight year is even more meaningful. Despite the fact that nearly all of us were working remotely, we prioritized internal communication to help sustain our employee-focused culture and make it through the pandemic as an even stronger and more cohesive team, with a bright future ahead.”

Out of the 1,000 companies that submitted nominations for the spring 2021 Best and Brightest national award, only 113 were named to the prestigious Best and Brightest list, putting AGS in the top 11 percent of all companies nominated.

And for the Atlanta Metro area, where AGS has an R&D center and game development studios spread across Duluth and Midtown, AGS was among the top 11 percent of all Atlanta-based companies nominated, with 107 companies selected out of 1,000 nominations.

The competition identifies and honors organizations that display a commitment to excellence in operations and employee enrichment that lead to increase productivity and financial performance. Organizations are assessed based on categories such as communication, work-life balance, employee education, diversity, recognition, retention, and more.

Winners were selected following confidential, third-party employee surveys, and the awards process was audited, designed, and scored by an independent market research firm.

Best and Brightest Programs President and Chief Executive Officer Jennifer Kluge said, “The Best and Brightest is a powerful community of elite leaders who are employers of choice. Best and Brightest- winning companies have also been a voice for important actions in creating a sustainable culture that works, ensuring the wellbeing of their employees comes first.”

LAS VEGAS – July 15, 2021 – AGS (NYSE: AGS) (or “the Company”) today announced that Alberta Gaming, Liquor and Cannabis (“AGLC”) is implementing the Company’s award-winning new Starwall x Orion slot merchandising attraction and its new Orion Curve slot cabinet, making Alberta the first province in Canada to launch these products across multiple casinos.

AGS Senior Vice President of Sales Adam Whitehurst said, “We are thrilled and honored that Alberta is the first customer in Canada to take our Starwall x Orion and our Orion Curve cabinet, two of our newest and most promising slot offerings. We are confident that these exciting new products will delight players and drive attraction across the gaming floor.”

The Starwall video display, an award-winning and eye-catching merchandising package for AGS’ premium Orion Portrait™ games, launched with Jade Wins Deluxe® and Golden Wins Deluxe®, the first games in AGS’ new 88 Tian Lun™ family. These games are upgraded versions of AGS classic player-favorites, featuring a thrilling bonus wheel, multi-level progressives, multipliers, respins, and an exciting coin-grab bonus feature.

The Starwall x Orion is currently live in seven Alberta casinos, including Cash Casino Calgary, Century Casino & Hotel Edmonton, Deerfoot Inn & Casino, Grey Eagle Resort & Casino, Pure Casino Calgary, Pure Casino Edmonton, and River Cree Resort & Casino.

The Orion Curve slot platform features a 4K LCD Ultra HD 49-inch curved portrait monitor with a premium sound system and features games such as Sacred Dragon® and Royal Phoenix®.  Its Alberta debut includes six casinos: Century Mile Racetrack and Casino, Cowboys Casino, Deerfoot Inn & Casino, Pure Casino Calgary, Pure Casino Yellowhead, and River Cree Resort & Casino.

LAS VEGAS, June 23, 2021 – AGS (or the “Company”) (NYSE: AGS) and NexGen Technology today announced that Morongo Casino Resort & Spa (“Morongo Casino”) near Palm Springs, Calif. is implementing 40 NexGen Fast Cash mobile chip devices, a quick and easy way for players to buy chips at table games without having to touch cash or visit an ATM.

AGS has partnered with NexGen to distribute the Fast Cash solution to its customers as part of the AGS suite of table games and table products. The convenient solution is fully wireless, enabling players to stay comfortably seated at their favorite table game, where they can securely use their debit card to purchase chips through the Fast Cash wireless mobile device.

NexGen Technology President and Chief Operating Officer David Balmer said, “We are thrilled to be in partnership with AGS on placing Fast Cash, the right solution for the right time. It’s convenient for players, allowing uninterrupted gameplay while reducing the risk of contact with bacteria and viruses. And it’s easy for casino operators to implement, with no connectivity to a gaming system required.”

AGS Senior Vice President of Table Products John Hemberger added, “It’s been exciting to work with NexGen on placing Fast Cash at Morongo Casino. By providing convenience for the player and ease of installation, we are confident that demand for Fast Cash will increase as casinos seek to add more cashless, contactless solutions."

With the Fast Cash solution, players do not need to register or enroll. They simply insert their debit card into the Fast Cash unit to purchase chips quickly and easily. An integrated printer provides player and dealer receipts.

Morongo Casino Chief Operating Officer Richard St. Jean said, “Fast Cash offers our players the convenience of being able to quickly buy chips without having to leave a table game to walk to the cage, an ATM, or one of our kiosks. During the Fast Cash trials, our players clearly appreciated the simplicity and speed of the system, which aligns with Morongo’s history of employing state-of-the-art technology to enhance our gaming experience.”

LAS VEGAS, June 17, 2021 – AGS (or the “Company”) (NYSE: AGS) today announced its first launch into the Canadian real money online gaming market with Ontario Lottery & Gaming Corporation (“OLG”).

The Company’s fan-favorite Golden Wins® game is now live and available to play through OLG’s internet gaming site , OLG.ca. Additional games will launch over the next few months, with Bonanza Blast®, Capital Gains®, Fu Nan Fu Nu®, Rakin Bacon!®, and Vegas Stacks® promising to entertain and delight OLG’s online fans much as these games engage players in land-based casinos across North America.

“We strive to give our OLG.ca customers enhanced choice and access to new, fresh, cutting-edge games in a safe and secure online environment, and we are confident that AGS will help deliver that for our players,” said Dave Pridmore, OLG Chief Digital and Strategy Officer. “Introducing new digital suppliers like AGS to Ontario enables us to deliver the experiences our players want while keeping those dollars in our province for the benefit of Ontarians. That’s what sets us apart from competitors.”

AGS Executive Vice President – Operations Matt Reback said, “We are excited about our first online launch in Canada and look forward to continuing to offer more games in OLG’s internet gaming site, OLG.ca over the next few months. OLG has been a strong partner and supporter of AGS in land-based casinos, and we look forward to expanding our relationship with our growing library of online gaming content.”

AGS launching with Loto-Québec via Scientific Games’ OpenGaming platform.

Scientific Games Corporation on Thursday said it has enhanced its partnership with long-term OpenGaming customer Loto-Québec by facilitating the launch of content from AGS.

AGS is a publicly traded, global gaming equipment supplier that develops slot cabinets and games, proprietary table games, and associated equipment. The company has an interactive division that provides both online social and online gaming solutions for operators and players.

The two parties said Rakin’ Bacon will be the first AGS game available with Loto-Québec. The fantasy pig-themed game features the golden pig in a coin-filled room and offers cartoon-like animations for players, with the inclusion of responsible gaming tools to promote player safety.

The integration was made possible through Scientific Games’ OpenGaming System (OGS), a content aggregation platform for the betting and gaming industry. OGS consists of more than 3,000 games from third-party providers, as well as from the company’s in-house gaming studio.

“Launching in Canada is the next step for AGS and our aim to bring our content to the widest audience, and we are thrilled to have Rakin’ Bacon as the first title to go live with Loto-Québec and we are looking forward to seeing our games resonate with Canadian players,” Matt Reback, EVP operations for AGS, said in a statement.

Stéphane Martel, acting senior director, products and innovation at Loto-Québec, added, “This agreement and launch underpins our relationship with Scientific Games and how the OpenGaming platform is a key component in offering a vast array of content to our players.”

Marc Crean, commercial director, Canada and LATAM, digital at Scientific Games, said the company is pleased to welcome AGS to the OpenGaming ecosystem in Canada. “We are sure their content will be a massive success for Loto-Québec and our other Canadian partners.”

AGS : Q1, 2021:

• Total Revenues Increased 1.9% Year-Over-Year and 18.7% Sequentially to $55.4 Million

• Net Loss Improved to $7.8 Million Compared to $14.4 Million in the Prior Year

• Adjusted EBITDA Grew 7.4% Year-Over-Year to $26.3 Million

• Domestic EGM RPD of $27.10 Was Up Nearly 30% Year-Over-Year and Approximately 3% Above the 2019 First Quarter

• Premium Game Initiative Continues to Progress with over 420 Orion Starwall Games Installed at Quarter End; Initial Orion Curve Premium Field Trial Underway

•Table Products Adjusted EBITDA Reached a New Quarterly Record of $1.4 Million

• Interactive Real Money Gaming Revenue More than Doubled to a Record $1.4 Million

• $107.3 Million of Available Liquidity as of March 31, 2021

______________

First Quarter 2021 Financial Results

• During March and April and continuing through mid-to-late May 2020, nearly all our customers either closed their facilities or dramatically curtailed operations to slow the spread of the COVID-19 virus. We believe these actions significantly limit the year-over-year comparability of our reported financial metrics, including revenues, (loss) income from operations, net (loss) income, and Adjusted EBITDA.

• Consolidated revenue totaled $55.4 million compared to $54.3 million in the 2020 first quarter, representing a year-over-year increase of 1.9%. Growth within the recurring revenue channels of our EGM, Table Products and Interactive businesses helped to offset the impact of ongoing sluggishness in the North American slot replacement market on our reported revenue. Additionally, we recognized an additional $2.1 million in sales revenue related to units that were strategically pruned and subsequently sold as compared to the prior year's quarter.

• We estimate approximately 99% of our 15,456-unit domestic installed base and 51% of our 7,985-unit international installed base was active as of March 31, 2021. These figures compare to 90% and 36%, respectively, as of December 31, 2020.

• Gaming operations, or recurring revenue, increased 4.1% year-over-year to $44.4 million. The benefits realized through the easing of COVID-19 restrictions on our customers' operations, ongoing vaccination efforts, and continued growth within our premium unit footprint paced our improved EGM recurring revenue performance, while continued progressive penetration and improved execution supported year-over-year gaming operations revenue growth within our Table Products and Interactive segments, respectively. In aggregate, recurring revenue accounted for 80.2% of our consolidated revenue compared to 78.6% in the prior year's quarter.

• Our 2021 first quarter net loss of $7.8 million improved as compared to the $14.4 million net loss incurred in the 2020 first quarter. The year-over-year decline in our reported net loss reflects our improved revenue performance, led by our recurring revenue businesses, and recognition of lower depreciation and amortization expense as a result of several intangible assets reaching the end of their useful lives, partially offset by higher interest expense related to our incremental debt financing, which we closed upon in May 2020.

• Total Adjusted EBITDA (non-GAAP)(1) increased 7.4% year-over-year to $26.3 million. Adjusted EBITDA increased versus the prior year across all three of our operating segments, led by a $1.0 million, or 4.4%, year-over-year increase in our EGM Adjusted EBITDA.

• Total Adjusted EBITDA margin (non-GAAP)(1) improved to 47.5% in the first quarter of 2021 compared to 45.1% in the prior year, reflecting favorable mix of higher-margin recurring revenues and an increase in high-margin revenue generated as part of our ongoing strategic pruning initiative, partially offset by normalization in our operating expenses. Recall, we implemented cost savings initiatives in the latter part of the 2020 first quarter to preserve our liquidity in the face of the uncertainty brought upon by the COVID-19 outbreak. These initiatives temporarily reduced our operating expenses below normalized run-rate levels.

(1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see non-GAAP reconciliation below.
____________

EGM Quarterly Results

Domestic Gaming Operations(2)

• Domestic gaming operations, or recurring revenue, increased 11.2% year-over-year to $37.6 million compared to $33.8 million in the prior year period. The year-over-year revenue increase reflects the combination of easing COVD-19-related restrictions on our customers' operations and ongoing vaccination efforts, which we believe allowed significant pent-up demand to get unlocked across the U.S. casino landscape as the quarter progressed. Additionally, growth within our premium game footprint continued to support our domestic gaming operations performance in the quarter.

• Our domestic EGM installed base decreased by approximately 2,350 units year-over-year, attributable to the strategic pruning of approximately 1,300 lower-yielding units, the end-of-lease buyout of approximately 500 lower-earning IL VLT units and the removal of approximately 550 units primarily associated with COVID-19-related floor reconfigurations.

• Domestic EGM revenue per day ("RPD") increased 28.6% year-over-year to $27.10. We attribute the improved RPD performance to a more accommodative casino operating environment supported by easing COVID-19-related operating restrictions and improved vaccine distribution, the continued growth of our premium game footprint, and the strategic pruning of lower-yielding units. Domestic EGM RPD increased approximately 3% as compared to the $26.42 realized in the 2019 first quarter.

• On a quarterly sequential basis, our domestic EGM installed base decreased by approximately 800 units, including the planned removal and sale of approximately 430 lower-yielding units as part of our ongoing strategic pruning initiative, while our domestic EGM RPD increased 16.5% relative to the $23.26 achieved in the 2020 fourth quarter. Domestic EGM RPD improved month-over-month throughout the 2021 first quarter, with notable strength witnessed across several impactful geographies during the quarter's final month. We attribute the improving RPD trend to the release of significant pent-up casino patron demand, which immediately followed the easing of COVID-19-related operating restrictions and improving vaccination efforts.


International Gaming Operations

• International gaming operations revenue decreased to $2.0 million compared to $5.1 million in the prior year period. The year-over-year decline reflects the impact of measures implemented to slow the spread of COVID-19, such as temporary casino closures and capacity restrictions, on our business. Additionally, in contrast to the United States, Mexico has not provided any type of fiscal stimulus to support its post-COVID-19 economic recovery.

• International RPD was $2.94 compared to $6.89 in the 2020 first quarter, with the decline reflecting the degree to which COVID-19-related operating restrictions and facility closures impacted our business. International RPD improved approximately 15% on a quarterly sequential basis, supported by the reopening of additional casinos throughout the 2021 first quarter. Adjusted active unit international RPD was $7.83, down approximately 10% versus the $8.68 achieved in the 2019 first quarter.

• Our international installed base decreased by 301 units year-over-year because of permanent casino closures in Mexico and COVID-19-related floor reconfigurations. The international installed base was unchanged on a quarterly sequential basis.

Equipment Sales

• EGM unit sales decreased to 289 units in the 2021 first quarter, reflecting operators' preference to carefully manage capital expenditures as their businesses recover from COVID-19-related business disruption.

• Domestic average sales price ("ASP") of $17,520 was relatively consistent with the level achieved in Q1 2020.

• We sold units into 14 U.S. states and two Canadian provinces, with British Columbia, Virginia, and Ohio emerging as our top three sales markets.

• The Orion Curve accounted for 31% of units shipped in the quarter.

• EGM equipment sales revenue benefitted from the planned sale of approximately 430 previously leased, lower-yielding units to a distributor as part of our ongoing effort to strategically prune under-earning units from our Oklahoma installed base.(3)

Product Highlights

• Placed an additional 120 premium, lease-only Orion Starwall games, increasing our installed base to over 420 games at quarter end. Starwall games continue to perform well and the introduction of additional configuration options offering greater distance between players has the potential to further stimulate operator interest.

• Recently commenced our initial field trial of our Orion Curve Premium package featuring an extension of our player-favorite game theme, Rakin' Bacon.

• Subsequent to quarter end executed an omni-channel enterprise-wide agreement with a large multi-site operator involving our premium lease and for-sale EGM products and our online real money gaming ("RMG") content, set to go live later this year.

• Continue to leverage our exceptional game performance to further penetrate the Virginia and Kentucky Historical Horse Racing ("HHR") markets. Our HHR footprint increased by over 65 units in the 2021 first quarter.

• Expanded our Orion Curve footprint to comprise over 420 units as of March 31, 2021, representing a net quarterly sequential increase of approximately 95 units. The recent introduction of our strong-performing Ultimate Choice Jackpots family of games on the Orion Curve has received a strong reception in the market to date.

(2) "Domestic" includes both the United States and Canada.

(3) The 430 units were not included in our sold unit count or ASP for the current period.

_________

Table Products Quarterly Results

• Adjusted EBITDA increased 57.1% year-over-year to a quarterly record $1.4 million. Adjusted EBITDA improved 7.2% on a quarterly sequential basis. Adjusted EBITDA margin was 51.2% compared to 36.2% in the prior y ear period.

• Gaming operations, or recurring revenue, increased 17.3% year-over-year to a record $2.7 million, supported by continued growth in our installed base and customer adoption of our all-inclusive site license offering, the AGS Arsenal.

• Our installed base increased by 465 units year-over-year and 108 units on a quarterly sequential basis, aided by the growing appeal of our progressive and side bet product portfolio. We estimate approximately 90% of our installed base was active at quarter end.

• Operator interest in our industry-leading suite of table game progressive products continues to build, as evidenced by the 77 unit quarterly sequential increase in our progressive installed base to a record 1,619 units.

• We successfully launched our Bonus Spin Xtreme progressive in the 2021 first quarter and the pipeline continues to grow. Additionally, we continue to see growing demand for our Royal 9 Baccarat and Super 4 STAX progressives.

• We were live with six site licenses as of March 31, 2021 and interest levels remain high as operators look for ways to further enhance the efficiency of their table game operations.

• Equipment sales revenue decreased $0.1 million year-over-year, reflecting a decrease in DexS card shuffler and other table game product sales.
__________

Interactive Quarterly Results

• Total Interactive revenue increased 41.3% year-over-year to $2.1 million, while Adjusted EBITDA totaled $0.5 million, marking an approximately $0.3 million increase versus the prior year.

• Interactive achieved positive Adjusted EBITDA for the fifth consecutive quarter, supported by continued growth within our RMG business.

• Real Money Gaming ("RMG") revenue increased 110.4% year-over-year to a new quarterly record of $1.4 million, aided by our steadily improving game performance, successful launch into the Pennsylvania (Q2 20) and Michigan (Q1 21) iGaming markets, and back-end integrations with additional B2C iGaming operators. We also believe COVID-19 stay-at-home measures and other macroeconomic tailwinds further supported our quarterly performance. RMG revenue improved over 50% on a quarterly sequential basis.

• In Q2 21 we expect to launch our RMG platform with 11 new operator partners and introduce additional proprietary AGS content, including our first table game offering, to the iGaming market.

• Social gaming revenue declined 13.7% versus the prior year period. We believe our 2020 first quarter B2C Social gaming revenue benefitted from the consumers' preference to stay at home as COVID-19 began to spread, a benefit that was less pronounced in the 2021 first quarter as COVID-19 case counts declined and vaccination efforts progressed. Recently implemented cost savings initiatives helped to mitigate the impact of the Social gaming revenue decline on our reported Interactive Adjusted EBITDA.

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Liquidity and Capital Expenditures

As of March 31, 2021, we had $107.3 million of available liquidity compared to $111.7 million at December 31, 2020. The total principal amount of debt outstanding, as of March 31, 2021, was $620.9 million, predominantly comprised of $619.5 million in first lien term loans, which mature in 2024.

In May 2020, we issued an additional $95.0 million in secured term loans to increase the Company’s cash position and facilitate financial flexibility considering uncertainty in the gaming industry at the time resulting from the COVID-19 pandemic. In conjunction with the $95.0 million offering, the Company negotiated a financial covenant relief period through December 31, 2020 related to its net first lien leverage ratio financial covenant and implemented a revised calculation of Adjusted EBITDA to measure the net first lien leverage ratio for the first three quarters of 2021. As of March 31, 2021, our net first lien leverage ratio, measured in accordance with the revised calculation of Adjusted EBITDA described above, was 4.0 times, putting us in compliance with our financial covenant.

Total net debt, which is the principal amount of debt outstanding less cash and cash equivalents, as of March 31, 2021, was approximately $543.6 million compared to $540.8 million at December 31, 2020. Our Total Net Debt Leverage Ratio decreased from 7.5 times at December 31, 2020 to 7.4 times at March 31, 2021 (see Total Net Debt Leverage Ratio Reconciliation below(4)).

Capital expenditures decreased by 6.9% year-over-year to $9.9 million in the current period, in line with our plans to conservatively manage the use of our cash and only invest in those projects providing the highest potential return on our investment. The current quarter's capital expenditures were primarily comprised of $5.2 million in growth capital expenditures, which reflect costs associated with the placement of additional units into our leased installed base, and $3.8 million in intangible capital expenditures, inclusive of capitalized internal software development costs.

(4) Total Adjusted EBITDA and total net debt leverage ratio are non-GAAP measures, see non-GAAP reconciliation below.

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Company Overview

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 tribal gaming market, but our customer-centric culture and remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly rated social casino, real-money gaming solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at playags.com.

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AGS Investor & Media Contacts:

Brad Boyer, Vice President of Investor Relations, Corporate Development and Strategy
bboyer@playags.com

Julia Boguslawski, Chief Marketing Officer
jboguslawski@playags.com


©2021 PlayAGS, Inc. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc. Solely for convenience, marks, trademarks and trade names referred to in this press release appear without the ® and TM and SM symbols, but such references are not intended to indicate, in any way, that PlayAGS, Inc. will not assert, to the fullest extent under applicable law, its rights or the rights of the applicable licensor to these marks, trademarks and trade names.

Forward-Looking Statement

This release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management’s current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the proposed public offering and other statements identified by words such as “believe,” “will,” “may,” “might,” “likely,” “expect,” “anticipates,” “intends,” “plans,” “seeks,” “estimates,” “believes,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.

These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS’s performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions, the effects of COVID-19 on the Company’s business and results of operations and other factors set forth under Item 1. “Business,” Item 1A. “Risk Factors” in AGS’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

COMPLETE PRESS RELEASE WITH FINANCIAL SPREADSHEET: http://investors.playags.com/news/press-releases/press-release-details/2021/AGS-Reports-First-Quarter-2021-Results/default.aspx

PRESENTATION AT http://s22.q4cdn.com/316621966/files/doc_financials/2021/q1/AGS-Earnings-Deck-Q1-21-FINAL.pdf.

LAS VEGAS, April 27, 2021 – AGS (or the “Company”) (NYSE: AGS) today announced it has signed a license agreement with the National Hockey League (“NHL”) for NHL-themed slot games and table product offerings in the U.S. and Canada. A Vegas Golden Knights-themed slot machine is the first in the collection, with a debut late last week at South Point Casino on Las Vegas Boulevard.

Players at South Point Casino will be able to take a spin on the new slot game – Vegas Golden Knights. This hockey-themed game is “Vegas Born” just like the Golden Knights and it’s larger than life – taking the space of three standard slot games at a gigantic eight feet wide and eight feet tall.

Located just outside the Big Sur Oyster Bar at South Point, the Vegas Golden Knights slot game delivers the ultimate power play experience, featuring multiplier wilds that maximize the win to as much as 10x the bet, and scatter pays that can deliver massive wins when players land one or two Vegas Stars, one or two Golden Knights, or one multiplier. With a roomy seat built for more than one player, the Vegas Golden Knights slot game encourages players to sit and enjoy the experience with family and friends.

South Point Slot Director Cliff Paige said, “We are elated to be the first casino to unveil the Vegas Golden Knights slot game, and look forward to offering our loyal players, many of whom are Las Vegas locals and huge Golden Knights fans, with a hockey-themed slot experience based on an enormously popular team. We expect the Vegas Golden Knights game to do very well; not only does the game offer a community-style play experience as people gather to watch those giant reels spin, but it also provides a great social media photo opp.”

AGS, a corporate partner of the Vegas Golden Knights, sponsors the Play of the Knight, which replays and highlights a key moment from each home game. Through its partnership with the team, AGS has been able to offer community outreach initiatives such as bringing Golden Knights team ambassadors to its adopted Griffith Elementary School, a Title 1 school located in Las Vegas, in addition to providing multiple brand engagement opportunities for its local employees.

AGS Chief Marketing Officer Julia Boguslawski said, “As a corporate partner of the Golden Knights and being headquartered in Las Vegas, it was the perfect opportunity for AGS to deliver an engaging and highly social gaming experience on an attention-grabbing slot cabinet to capitalize on the team’s enormous popularity and success.”

Fourth Quarter 2020 Highlights:

• Orion Starwall Off to an Encouraging Start with over 300 Games Installed as of December 31, 2020

• Domestic Active Unit EGM RPD Increased 8% Year-Over-Year to Approximately $27

• Installed Base of Industry-leading Table Game Progressive Products Increased by 127 Units Sequentially

• Received our Provisional Michigan i-Gaming Supplier License in December and AGS Content Currently Live

• Generated Positive Operating and Free Cash Flow for the Second Consecutive Quarter

• $111.7 Million of Available Liquidity as of December 31, 2020


LAS VEGAS, March 4, 2021 - PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we" or the "Company") a designer and developer of equipment and services solutions for the global gaming industry, today reported financial results for the fourth quarter and full year ended December 31, 2020.

AGS President and Chief Executive Officer David Lopez said, “2020 was a year full of unprecedented challenges, the likes of which required the unwavering commitment of a passionate, loyal, and hardworking team to successfully overcome. To that end, I am extremely honored by and thankful for the tireless efforts put forth by so many of our AGS team members to ensure we not only survived the COVID-19 pandemic, but put ourselves in a position to emerge a stronger, more resilient company.”

Lopez added, “Looking beyond the many challenges faced throughout the year, one of the bright spots, to the extent there was one, is that the COVID-19 pandemic slowed down the pace of life. As a company, we used this time to refine our strategy and improve our operating efficiency, with a keen focus on three key areas; people, product, and processes. As a result, I believe we are better positioned today to achieve success across all three of our business segments than at any other point in our company’s history.”

AGS Chief Financial Officer Kimo Akiona added, “I am incredibly proud of the way our team came together throughout 2020 to face the unprecedented operational and financial hurdles introduced by the spread of COVID-19. Not only were we able to nimbly streamline our business to preserve liquidity at the onset of COVID-19, but we opportunistically shored up our balance sheet in May and successfully ramped operations as our casino operator partners gradually brought their businesses back online. As I look ahead to 2021, I believe our strong liquidity position, improving product portfolio, and organizational alignment position us to achieve improved financial performance”


Fourth Quarter 2020 Financial Results

• During March and April and continuing through mid- to late-May, nearly all of our customers closed their operations due to the COVID-19 pandemic and the actions taken by governments and businesses to contain the virus. COVID-19-related measures continued to impact our customers’ businesses throughout the fourth quarter, pacing the majority of the year-over-year declines in the metrics presented above, including revenues, (loss) income from operations, net (loss) income, and Adjusted EBITDA.

• Consolidated revenue totaled $46.6 million compared to $77.8 million in the 2019 fourth quarter, representing a year-over-year decrease of 40.1%. The year-over-year decline reflects the COVID-19 pandemic’s negative impact on our customers' operations and, subsequently, our gaming operations revenue and EGM unit sales.

• We estimate approximately 90% of our 16,268-unit domestic installed base was active as of December 31, 2020. Internationally, we estimate approximately 36% of our 7,985-unit installed base was active as of December 31, 2020.

• Gaming operations revenue, or recurring revenue, totaled $40.0 million compared to $51.6 million in the 2019 fourth quarter. The year-over-year gaming operations revenue decrease reflects the impact of COVID-19 on our EGM and Table Product recurring revenue streams, partially offset by higher Interactive segment revenue, as compared to the prior year. Recurring revenue comprised 85.7% of our total revenue compared to 66.3% in the prior year, reflecting the relative resiliency inherent in our gaming operations business.

• Our 2020 fourth quarter net loss of $17.2 million declined as compared to net income of $1.4 million in the 2019 fourth quarter. Lower net income year-over-year reflects the impact of the COVID-19 pandemic on our operations, coupled with higher interest expense related to our incremental debt financing, which we closed upon in May 2020.

• Total Adjusted EBITDA (non-GAAP)(1) decreased to $21.3 million compared to $37.3 million in the 2019 fourth quarter. A year-over-year decrease in our EGM adjusted EBITDA, which we largely attribute to the impact of COVID, was partially offset by higher adjusted EBITDA in our Table Products and Interactive segments, as compared to the prior year’s quarter.

• Total Adjusted EBITDA margin (non-GAAP)(1) decreased to 45.7% in the fourth quarter of 2020 compared to 47.9% in the prior year, reflecting the impact of normalization in our operating cost base to support the anticipated recovery in our revenues from post-COVID lows.

(1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see non-GAAP reconciliation below.


EGM Quarterly Results

Domestic Gaming Operations (2)

• Domestic gaming operations revenue totaled $34.1 million, compared to $41.6 million in the prior year’s quarter. The year-over-year revenue decline reflects the impact of COVID-19-related capacity restrictions and casino closures and, to a lesser extent, a decline in our installed base compared to the prior year period.

• As of December 31, 2020, nearly all our customers' properties in the United States and Canada were reopened, with most operating under some type of capacity limitation. We estimate that more than 14,500, or approximately 90%, of our domestic EGMs were active at the end of the 2020 fourth quarter.

• Our domestic EGM installed base decreased by 2,100 units year-over-year, primarily due to the strategic pruning of approximately 1,200 lower-yielding Integrity units. Additionally, approximately 500 lower-yielding IL VLT units were removed from the base in the fourth quarter of 2020 as part of a planned end of lease term sale. Excluding the Integrity and IL VLT removals, our installed base decreased by approximately 350 units year-over-year, predominantly driven by COVID-19-related floor reconfigurations.

• Domestic EGM revenue per day ("RPD") decreased to $23.26 compared to $24.97 in the prior year period, reflecting the impact of EGMs that were not active in the quarter and thus did not contribute to EGM revenue, but were included in the calculation of RPD.

• Excluding EGMs that were not active during the period, Domestic EGM RPD increased 8% year-over-year to approximately $27, supported by growth within our premium-leased unit installed base, the strategic pruning of lower-yielding units, a resilient core gambling customer, and reduced supply of active EGMs.


International Gaming Operations

• International gaming operations revenue decreased to $1.8 million compared to $6.0 million in the prior year period. The year-over-year decline reflects the impact of measures implemented to slow the spread of COVID-19, such as temporary casino closures and capacity restrictions, on our business. Additionally, in contrast to the United States, Mexico has not provided any type of fiscal stimulus to support its post-COVID-19 economic recovery.

• We estimate approximately 36% of our international EGMs were active at the end of the quarter. Mexico continues to require operators to follow strict protocols that include deactivating adjacent machines and cleaning machines after each is played.

• Our international installed base decreased by 512 units year-over-year as a result of permanent casino closures in Mexico and COVID-19-related floor reconfigurations.


Equipment Sales

• EGM units sold decreased to 283 units in the fourth quarter of 2020, primarily attributable to business disruptions related to COVID-19 as noted above and reduced customer budgets for EGM purchases. Additionally, we faced a softer new opening and expansion calendar, as compared to the prior year.

• Domestic ASP remained stable at $18,035 compared to $17,833 in the prior year period.

• We sold units into 17 U.S. states and one Canadian province, with Virginia, Nevada and California emerging as our top three sales markets.

• The Orion Curve accounted for 37% of units shipped in the quarter.


Product Highlights

• Installed an additional 246 premium, lease-only Orion Starwall games, increasing our installed base to over 300 games at quarter end. Starwall games continue to perform well and operator interest remains steady.

• Installed over 175 Orion Curve cabinets in the quarter, increasing our total footprint to over 370 units as of December 31, 2020.

• Completed our first sale of Historical Horse Racing (“HHR”) units into the Virginia HHR market.

(2) "Domestic" includes both the United States and Canada.


Table Products Quarterly Results

• Gaming operations, or recurring, revenue totaled $2.4 million compared to $2.7 million in the prior year’s quarter. Capacity limitations and other restrictions implemented at casinos to help combat the spread of COVID-19 negatively impacted the year-over-year comparison.

• Continued growth across all product categories, including side bets, premium table games, table equipment and, most notably, progressives, drove a 13.0% year-over-year increase in our installed base. We estimate approximately 80% of our installed base was active at quarter end.

• Equipment sales revenue increased 81.7% compared to the prior year period. The year-over-year improvement reflects an increase from sales of protective VisiDeal Shield plexiglass player dividers and other parts to help our casino customers operate safely in the current environment.

• Our installed base of table game progressives grew to over 1,500 units, representing a year-over-year increase of 235 units and quarterly sequential growth of 127 units.

• Interest in our all-inclusive site license offering, the AGS Arsenal, continues to build as our customers look for additional ways to improve operating efficiency. We were live with six licenses as of December 31, 2020.


Interactive Quarterly Results

• Total revenue increased 27.0% year-over-year to $1.7 million, while Adjusted EBITDA totaled $0.3 million, marking a $0.7 million improvement versus the prior year.

• Interactive achieved positive Adjusted EBITDA for the fourth consecutive quarter. Continued growth within our real-money gaming ("RMG") business and consistent social gaming performance, coupled with cost savings from the restructuring of our social business in prior periods, helped to drive improved profitability within the segment.

• RMG revenue increased 49.8% year-over-year, supported by the continued introduction of our EGM content into the European RMG market, our fourth quarter 2019 launch into the New Jersey market, and our second quarter 2020 launch into Pennsylvania. We also believe COVID-19 stay-at-home measures supported our quarterly performance.

• In December 2020 we received our provisional Michigan i-Gaming supplier license and our content is currently live within the state.


Liquidity and Capital Expenditures

As of December 31, 2020, we had $111.7 million in total liquidity compared to $43.2 million at December 31, 2019. The total principal amount of debt outstanding, as of December 31, 2020, was $622.5 million, predominantly comprised of $621.1 million in first lien term loans, which mature in 2024.

As a precautionary measure to increase the Company’s cash position and facilitate financial flexibility in light of uncertainty in the gaming industry at the time resulting from the COVID-19 pandemic, in March the Company borrowed $30.0 million under the revolving credit facility and in May issued an additional $95.0 million in term loans. In connection with the new term loans, the Company negotiated a financial covenant relief period through December 31, 2020 related to its net first lien leverage ratio financial covenant and implemented a revised calculation of EBITDA to be used in the net first lien leverage ratio for the first three quarters of 2021. In October, we elected to fully repay the $30.0 million previously drawn down on our revolving credit facility.

Total net debt, which is the principal amount of debt outstanding less cash and cash equivalents, as of December 31, 2020 was $540.8 million compared to $520.6 million at December 31, 2019. Our Total Net Debt Leverage Ratio increased from 3.6 times at December 31, 2019, to 7.5 times at December 31, 2020, see Total Net Debt Leverage Ratio Reconciliation below(3).

Capital expenditures decreased by 19.1% year-over-year to $14.1 million in the current period, in line with our plans to conservatively manage the use of our cash and only invest in those projects that will provide the highest return on our investment. The current quarter capital expenditures were primarily comprised of $3.4 million in intangible capital expenditures, including capitalized internal software development costs, and $8.7 million in growth capital expenditures, which reflects costs associated with the placement of additional units into our leased installed base.

(3) Total Adjusted EBITDA and total net debt leverage ratio are non-GAAP measures, see non-GAAP reconciliation below.

Complete release with spreadsheet is posted at http://investors.playags.com/

Dazzling Merchandising Package for Company’s Orion Portrait™ Cabinet Offers Operators Affordable Premium Package that Adds Dramatic Attraction and Game Immersion
 

LAS VEGAS – February 18, 2021 – AGS’ Starwall x Orion (“Starwall”) immersive video canvas reached a milestone this month, surpassing 350 games at 55 casinos across North America, delivering an affordable, premium integrated merchandising solution and Starwall-specific game content for the Company’s high-performing Orion Portrait slot cabinet.
 

AGS started taking orders for the Starwall in the spring 2020, and despite the global pandemic, the product has consistently performed above expectations and has won two innovation awards – the Silver Medal for ‘Best Slot Product’ in the 2019 Gaming & Technology Awards, and the Gold Award in the ‘Top 20 Most Innovative Gaming Technology Awards 2020’.
 

AGS Senior Vice President of Sales Adam Whitehurst said, “The Starwall is an absolute showstopper, recognized by operators for its ability to activate just about any area of a casino floor with its vibrancy, its game synchronization, and its ability to deliver a theater-like experience to players. Whether it is installed in the middle of a casino or along a wall, the Starwall illuminates the casino floor.”
 

A first-of-its kind, the Starwall combines hundreds of direct-view LED tiles to create a seamless video backdrop measuring 8 ½-feet wide by 8 ½-feet deep. Fitting sleekly and securely with three-packs and six-packs of premium Orion Portrait games, the Starwall adds attraction through high-impact motion graphics and celebratory animations complementary to the game theme.
 

AGS launched the Starwall in Class III and Class II markets with its new 88 Tian Lun™ family – starting with Jade Wins Deluxe® and Golden Wins Deluxe®. The game titles offer the same proven player-favorite features that have made the classic Jade Wins® and Golden Wins® casino-floor top performers, while adding a thrilling bonus wheel.
 

And the Company is developing a robust library of follow-on Starwall titles, including new 88 Tian Lun titles Grand Ox Wins™ and Piggy Wins™, followed by Lucky Panda™ and Phoenix Magic™. Another new family, Golden Dragons™, will debut later this year, featuring AGS’ first player-selectable multi-denomination games.
 

Whitehurst said, “We are excited about the early Starwall performance and are confident that this is just the beginning of the potential for this product, with a strong lineup of new follow-on game titles and our development team’s focus on adding even more immersion and interaction with game-play from both a visual and audio perspective.”

Company to provide proven and engaging AGS game content to licensed online operators in Michigan

LAS VEGAS – December 16, 2020 – 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.

LAS VEGAS – December 3, 2020 – AGS (NYSE: AGS) (or “the Company”) today announced new leadership additions to its Slot Products team, naming Steve Walther Senior Director, Slot Products, and Amy Greene Director, Gaming Operations. Both Walther and Greene are gaming industry veterans with strong track records of success.

Vice President of Slot Products Mark DeDeaux said, “We are so happy to welcome Steve and Amy to our team, and we’re excited about the vast experience they bring to AGS. We will leverage Steve’s leadership in product management and marketing as we continue to grow our cabinet portfolio and games library, with a focus on evolving our product management to be even more closely aligned with our customers, our sales team, and our end user, the player. Amy has a long history of success positioning and selling gaming products, along with a background in operations, finance, and accounting that will be key to getting the best performance from our installed base and strategically positioning the gaming operations side of our business for even greater success.”

Walther, who will focus on managing product planning, go-to-market strategy, product roadmaps, and research and analytics, joined AGS after serving more than seven years at Konami Gaming in various product-related roles, ending his tenure as Senior Director, Marketing & Product Management.

Before that, Walther served nearly four years as Executive Vice President and Chief Marketing Officer at Aruze Gaming America, and seven years at Aristocrat as Head of Systems Product Office.

In her role at AGS, Greene will manage the Company’s recurring revenue business, including data and analytics to optimize game performance. She will also lead initiatives to increase market penetration of AGS’ new line of high-performing premium participation games and focus on efficient management of the Company’s capital expenditures for its recurring revenue business. Greene joins AGS from Aristocrat Technologies, where she served nearly two years in sales leadership roles, with oversight of key territories in the western U.S. and strategic accounts. Other highlights of Greene’s career include the six years she spent at Konami Gaming in various functions, including game sales, sales operations, and accounting/finance.

Platform-to-platform deal boosts Videoslots’ games portfolio

November 30, 2020. Players at Videoslots are now able to enjoy AGS’ wide range of engaging slots as the operator looks to boost its market-leading portfolio of games.

AGS’ team of talented developers is responsible for a host of entertaining titles, including, Golden Wins, Fu Nan Fu Nu, Rakin’ Bacon!, Longhorn Jackpots, Pharaoh Sun and Capital Gains.

William Ahlberg, Head of Commercials at Videoslots.com, said: “These are exciting times for players at Videoslots and our collaboration with AGS will only take that up another level.

“We pride ourselves on providing them with the best and widest range of innovative and original content, and the addition of AGS’ popular and high performing games is a real boost to our portfolio.”

Matt Reback, Executive Vice President at AGS said: “We are delighted to have agreed to this partnership with Videoslots. They are a true innovator and very forward-thinking, so we look forward to a long and successful relationship.

“We’re proud of the games we’ve created and it’s great that more players will now be able to enjoy them on such a popular site.”

LAS VEGAS – November 23, 2020 – AGS (NYSE: AGS) (or “the Company”) has been awarded a Nevada Top Workplaces 2020 honor by the Las Vegas Review-Journal and Business Press. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC.

The anonymous survey, taken by AGS’ employees in Las Vegas and Reno, uniquely measures 15 drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

The Nevada Top Workplaces award follows several other culture-related awards AGS earned earlier this year, including an Atlanta Top Workplaces 2020 honor. 2020 also marks the fourth consecutive year that AGS has been recognized as one of the Best and Brightest Companies to Work For® in the Nation and in Atlanta’s Best and Brightest Companies to Work For®.

AGS Vice President of Human Resources Kim Nasuta said, “We are humbled by and grateful for the support of our employees and their feedback about working at AGS that earned us this award. During such an extraordinary and challenging year, we have focused on maintaining our engaged employee culture, despite having much of our staff working remotely. Our team has remained productive, upbeat, and connected, with close alignment to our mission and core values. At AGS, we believe there is no greater contributor to our success than our team and our strong company culture.”

Third Quarter 2020 Highlights:

- Nearly All of our Customers' Casinos Have Reopened as of September 30, 2020
- Net Loss of $11.1 Million Improved from $42.6 Million Net Loss in the 2020 Second Quarter
- Adjusted EBITDA Increased to $27.0 Million Compared to Loss of $1.2 Million in the 2020 Second Quarter
- Generated Positive Cash from Operations and FCF in the Quarter, Ahead of Internal Expectations
- Recurring Revenue Base Produced Resilient Results, with over 14,500 Domestic EGMs Active at Quarter End
- New Hardware Gaining Traction with over 150 Orion Curve Cabinets and More Than 50 Orion Starwall Seats Installed as of September 30, 2020
- $113.2 Million of Available Liquidity as of September 30, 2020; Fully Repaid $30.0 Million Revolver in October 2020

LAS VEGAS, Nov. 5, 2020 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we", or the "Company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported financial results for the third quarter ended September 30, 2020.
AGS President and Chief Executive Officer David Lopez said, "I am extremely proud of how our team came together to offset the challenges brought upon by the COVID-19 pandemic to deliver better than expected third quarter 2020 financial results. Our employees' experiences throughout the pandemic will only help to strengthen their collective resolve, in turn propelling AGS to emerge a stronger and more nimble company as the world gradually returns to normal."

Lopez added, "I continue to believe AGS has its strongest pipeline of new product and game themes in the Company's history, positioning our EGM segment for greater success in the quarters ahead. I am particularly enthused about the prospects for our domestic EGM recurring revenue business, supported by the continued outperformance of our initial Starwallinstalls, and believe improved hardware and game content position us to command our fair share of future unit placements. Additionally, I remain encouraged by the strategic growth opportunities emerging within our table games segment and look for our interactive performance to continue to improve as additional states contemplate the introduction of real money online gaming legislation."

AGS Chief Financial Officer Kimo Akiona added, "Our third quarter financial performance improved dramatically compared to the 2020 second quarter, with revenues, net loss, and adjusted EBITDA improving sharply on a sequential basis. Importantly, we were free cash flow positive in the quarter, allowing us to report a strong liquidity position of $113.2 million at quarter end. Given our better-than-expected third quarter financial performance and growing comfort with our resulting liquidity position, we elected to fully repay the $30 million outstanding on our revolving credit facility, subsequent to quarter end."

The full release is available at http://investors.playags.com/news/press-releases/press-release-details/2020/AGS-Reports-Third-Quarter-2020-Results/default.aspx.

LAS VEGAS – October 6, 2020 – AGS (NYSE: AGS) (or “the Company”) today announced an agreement to provide its online real-money game content in the United States to BetMGM for direct platform integration and distribution across BetMGM’s market-leading casino gaming network, including BetMGM Casino, Borgata Online, and partypoker.

AGS Executive Vice President Matt Reback said, “This is an exciting development in the growth of our interactive business, giving us access to BetMGM’s broad player reach and distribution of our engaging game content through the BetMGM, Borgata Online, and partypoker robust online casinos, which are live in New Jersey and will soon expand to Michigan, Pennsylvania, and other markets.”

BetMGM’s Vice President Gaming Matt Sunderland said, “We are thrilled to add AGS games to our online casino offering and are confident that the AGS content, which has proven to perform well both online and in land-based casinos, will be a hit with our players with features like multi-level jackpots, free games, and exciting bonus events.”

Available for download on both iOS and Android, as well as accessible via desktop, BetMGM Casino, Borgata Online, and partypoker, feature an extensive game line-up and offer players the flexibility to play online or from the convenience of their mobile phones.

Boyer brings a wealth of gaming experience, strong investor relationships

LAS VEGAS, Oct. 5, 2020 /PRNewswire/ -- AGS (NYSE: AGS) (or "the Company") today announced the appointment of Brad Boyer as Vice President — Investor Relations, Corporate Development & Strategy. He brings over 10 years of experience as a research analyst in the Gaming sector, as well as strong relationships with the investor community and an in-depth knowledge of AGS' leadership and business.

AGS Chief Financial Officer Kimo Akiona said, "We are excited to welcome Brad to the AGS team. He brings a wealth of experience with sell-side and buy-side equity analysts, and a deep knowledge of AGS, our customers, our competitors, and our team.  Brad possesses a unique knowledge of our industry and the Company, which will prove to be invaluable in our evaluation of M&A . Even prior to our IPO, Brad's always been an advocate of AGS and we look forward to his contributions to our growth."

Boyer joins AGS after a 10-year career at Stifel, Nicolaus, and Company, where he ended his tenure as Vice President, Equity Research, Gaming & Leisure. In this role, he led coverage of the gaming, sports, i-Gaming, and hospitality sectors, including covering AGS and the other publicly traded gaming equipment suppliers and operators. He earned a Bachelor of Arts degree in Economics from Hobart and William Smith Colleges in Geneva, New York.

LAS VEGAS – August 19, 2020 – AGS (NYSE: AGS) (or “the Company”) today announced an agreement under which leading game content supplier Intouch Games Ltd. (“Intouch Games”), through its Slot Factory content-development brand, will provide game content for AGS’ real-money game aggregation platform serving many of the world’s largest online real-money gaming operators.

Under the agreement, Intouch Games’ Slot Factory full games library, including fan-favorites like Reel Royalty, Pick a Pot’O Gold, and Money Grows On Trees, will be available to AGS’ portfolio of online operators through the Company’s AxSys™ Games Marketplace platform. AGS expects the Slot Factory content to resonate with players in all markets where AGS distributes online game content.

AGS Executive Vice President Matt Reback said, “We are excited to welcome Intouch Games as a games content provider for our AxSys Games Marketplace. The Intouch Games Slot Factory team is known for its focus on innovation, entertainment, and creating an amazing player experience, and we feel confident that their games will deliver strong performance for our online operator partners.”

Intouch Games’ Slot Factory content development arm serves more than five million players in the UK under six successful internal brands – mFortune®, PocketWin, Mr. Spin, Dr. Slot, CashMo, and Casino 2020. Their portfolio of more than 130 games built to operate as single native applications on iOS, Android, and HTML delivers online entertainment to more than 80,000 daily players.

Intouch Games Managing Director Simon Wilson said, “We are honored and excited to join AGS as a content supplier through Slot Factory. The AGS Interactive team has focused on partnering with industry-leading game developers, and in doing so, have curated a diverse library of content that caters to nearly every type of player. We look forward to expanding player exposure to our games through AGS’ partnerships with many of the world’s leading online operators.”

- 500 Of Our Customers' Casinos Re-Opened as of June 30, 2020; Over 11,000 Active EGMs on Lease
- Decisive Management of Business Expenses and Capital Expenditures During Nearly Complete Shutdown of Casinos
- $113 Million in Cash and Cash Equivalents at June 30 Provides Strong Liquidity Position

LAS VEGAS, Aug. 5, 2020 /PRNewswire/ -- AGS (NYSE: AGS) ("AGS", "us", "we" or the "Company") today reported operating results for its second quarter ended June 30, 2020.

"Although casinos started to reopen in the later part of the quarter, we remained disciplined in how we reintroduced cost back into the business, ramping departments that are essential to run our business, such as field service, R&D and manufacturing," said AGS President and Chief Executive Officer David Lopez. "Initial game performance on EGM units that are in-service has been strong and better-than-expected, which allows us to lean on our strong recurring revenue footprint in this challenging environment. Prior to and even during COVID-19, we were seeing strong initial performance from our new products, such as the Starwall and Orion Rise, as well as continued momentum from our new titles on Orion Portrait and our suite of table game progressives. Given the breadth and depth of our current content portfolio, we believe that the long-term opportunities for AGS remain intact, and that we have ample liquidity and the best-in-class team to navigate through near-term uncertainties."

Kimo Akiona, AGS' Chief Financial Officer, added, "Our careful management of expenses and capital expenditures during the casino shutdowns in the quarter — in addition to drawing $30 million under the existing revolving credit facility and entering into incremental term loans of $95 million — have resulted in a strengthened liquidity position. Although it is hard to predict exactly how the pandemic will continue to impact the macro operating environment, given all of the measures we've taken, we believe we are positioned with sufficient liquidity and flexibility to emerge from this a more competitive and more nimble organization."

The complete financial report is available at http://investors.playags.com/news/press-releases/default.aspx

PowerPoint presentation at http://investors.playags.com/events-and-presentations/presentations/default.aspx

LAS VEGAS — June 17, 2020: AGS (NYSE: AGS) (the “Company”) today announced that it is offering a virtual meeting option to its 2020 Annual Meeting of Stockholders (“Annual Meeting”) as a result of continuing concerns surrounding the COVID-19 pandemic.

 The Annual Meeting will still be held on Wednesday, July 1, 2020 at 8 a.m. PDT at the Company’s global corporate headquarters at 5475 S. Decatur Blvd., Suite 100, Las Vegas, Nevada 89118. However, stockholders are strongly encouraged to avail themselves of the virtual meeting option rather than attending in person.

Instructions on how to attend and participate in the Annual Meeting virtually will be posted at www.virtualshareholdermeeting.com/AGS2020. Stockholders who choose to attend the virtual Annual Meeting will need their 16-digit control number included with the Notice of Internet Availability or proxy card.  By following the instructions on the website, stockholders will be able to vote their shares virtually.

Any stockholder who attends the Annual Meeting in person is encouraged to wear a mask or face covering and may be subject to additional screening requirements, including responding to questions about COVID-19 symptoms.

###

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.

Forward-Looking and Cautionary Language

This release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management’s current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the public offering and other statements identified by words such as “believe,” “will,” “may,” “might,” “likely,” “expect,” “anticipates,” “intends,” “plans,” “seeks,” “estimates,” “believes,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.

These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS’s performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions and other factors set forth under the section entitled “Risk Factors” its annual report on Form 10-K filed with the Securities and Exchange Commission on March 4, 2020, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contacts:

Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com

©2020 PlayAGS, Inc. All Rights Reserved. All® notices signify marks registered in the United States.  All ™ and ? notices signify unregistered trademarks.

LAS VEGAS, May 1, 2020 /PRNewswire/ -- AGS (NYSE: AGS) (the "Company") today announced it has successfully closed an incremental term loan of $95 million ("Incremental Term Loan") and an amendment to its existing credit agreement. The Incremental Term Loan, which matures in February 2024, has an interest rate of LIBOR plus 1,300 basis points, with a 100 basis point LIBOR floor. The net proceeds of the Incremental Term Loan are expected to be used for general corporate purposes.

In addition to the Incremental Term Loan, the Company also amended its existing credit agreement to provide for certain changes, including, but not limited to: a suspension of the testing of the financial covenant through December 31, 2020 and a revised calculation of consolidated EBITDA when determining financial covenant compliance for the first three quarters of 2021.

AGS President and Chief Executive Officer David Lopez said, "During this global pandemic, which has had an unprecedented impact on the casino gaming industry, our focus has been to prioritize the well-being of our employees and the prudent management of the Company's financial resources for the long-term. Execution of this incremental term loan provides us with additional liquidity and financial flexibility to navigate these uncertain and extraordinary times, and to help get our business back to being fully operational so that we can be the best partners possible to our customers as our industry begins to recover."

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.

Forward-Looking and Cautionary Language
This release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management's current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the public offering and other statements identified by words such as "believe," "will," "may," "might," "likely," "expect," "anticipates," "intends," "plans," "seeks," "estimates," "believes," "continues," "projects" and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.

These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS's performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions, the effects of COVID-19 on AGS' business and results of operations, and other factors set forth under the section entitled "Risk Factors" its annual report on Form 10-K filed with the Securities and Exchange Commission, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contacts:
Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com

Steven Kopjo, Director of Investor Relations
skopjo@PlayAGS.com 

©2020 PlayAGS, Inc. All Rights Reserved. All^® notices signify marks registered in the United States.  All ™ and ? notices signify unregistered trademarks. 

SOURCE AGS

LAS VEGAS — April 13, 2020: AGS (NYSE: AGS) (the “Company”) today announced that its 2020 Annual Meeting of Stockholders will be held on Wednesday, July 1, 2020 at a location to be announced in Las Vegas, Nevada. The record date for the meeting is May 8, 2020.  The Company has rescheduled these dates due the impact of COVID-19.

To be timely, pursuant to AGS’ Bylaws and Rule 14a-8 of the Securities Exchange Act of 1934, as amended, any notice of business or nominations with respect to the 2020 Annual Meeting of Stockholders must be received by no later than 5 p.m. PDT on April 23, 2020. Any such stockholder proposal must be submitted and must comply with the applicable rules and regulations of the Securities and Exchange Commission, including Rule 14a-8 of the Securities Exchange Act of 1934, as amended, and AGS’ Bylaws.

Proxy materials will be mailed to shareholders of record on or about May 21, 2020, and will be available on the Securities and Exchange Commission's website at www.sec.gov and on AGS’ website at  http://investors.playags.com/.

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.

Forward-Looking and Cautionary Language

This release contains, and oral statements made from time to time by our representatives may contain, forward-looking statements based on management’s current expectations and projections, which are intended to qualify for the safe harbor of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the public offering and other statements identified by words such as “believe,” “will,” “may,” “might,” “likely,” “expect,” “anticipates,” “intends,” “plans,” “seeks,” “estimates,” “believes,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. All forward-looking statements are based on current expectations and projections of future events.

These forward-looking statements reflect the current views, models, and assumptions of AGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in AGS’s performance to differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, the ability of AGS to maintain strategic alliances, unit placements or installations, grow revenue, garner new market share, secure new licenses in new jurisdictions, successfully develop or place proprietary product, comply with regulations, have its games approved by relevant jurisdictions and other factors set forth under the section entitled “Risk Factors” its annual report on Form 10-K filed with the Securities and Exchange Commission on March 4, 2020, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission. All forward-looking statements made herein are expressly qualified in their entirety by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Readers are cautioned that all forward-looking statements speak only to the facts and circumstances present as of the date of this press release. AGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contacts:

Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com

Steven Kopjo, Director of Investor Relations

skopjo@PlayAGS.com

©2020 PlayAGS, Inc. All Rights Reserved. All® notices signify marks registered in the United States.  All ™ and ? notices signify unregistered trademarks.

LAS VEGAS – March 11, 2020 – AGS has been awarded a Top Workplaces 2020, National Standard honor by The Atlanta Journal-Constitution solely based on a voluntary, confidential survey of its employees in Metro Atlanta. This award comes on the heels of AGS being awarded ‘Atlanta’s Best and Brightest Companies To Work For® in 2019 for the third year in a row. AGS was the only gaming company named to the prestigious Top Workplaces list.

The anonymous employee survey, administered by third-party research partner Energage, LLC, measured several aspects of workplace culture, including alignment, execution, and connection, just to name a few.

AGS Chief Technology Officer Sigmund Lee, who is based in Atlanta and oversees the Company’s slot product development, said, “This award means so much to me and to our leadership team because of the value we place in our people. Our strong desire to help each other succeed is core to our culture, and it’s especially nice to have an award based on anonymous and voluntary employee feedback.”

AGS has two campuses in the Atlanta Metro area – one in Duluth, Georgia and another in Midtown. Nearly 200 employees work across these two campuses primarily in the fields of Research & Development, with a focus on game development, hardware engineering, software design, graphic design, and quality assurance.

Energage Chief Executive Officer Eric Rubino said, “For more than a decade, the Top Workplaces award has helped organizations stand out among their competitors to attract talent. This differentiation is more important than ever in today’s tight labor market. No longer is recognition simply a much-deserved cause for celebration, but it’s fast-becoming mission-critical to establish a competitive advantage for recruitment and retention.”

Company Now Taking Orders for Award-Winning Starwall, Designed to Add Attraction, Increase Player Immersion

LAS VEGAS – February 20, 2020 – AGS today announced the launch of its Starwall immersive video merchandising display designed for integration with its Orion Portrait games to add dramatic attraction across the casino floor and provide a cinematic play experience.

AGS first unveiled the Starwall at the Global Gaming Expo (“G2E”) 2019, where the innovative video display received rave reviews from operators and won the silver ‘Gaming & Technology Award’ for ‘Best Slot Product’. Now AGS is taking orders and planning for spring Starwall installations.

AGS Executive Vice President Matt Reback said, “The Starwall was an absolute showstopper at G2E, recognized by operators for its ability to activate just about any area of a casino floor with its vibrancy, its game synchronization, and its ability to deliver a theater-like experience to players. Whether it is installed in the middle of a casino or along a wall, the Starwall promises to illuminate the casino floor.”

A first-of-its kind, the large-format free-standing Starwall combines hundreds of direct-view LED tiles to create a seamless video backdrop measuring 8 ½-feet wide by 8 ½-feet deep. Fitting sleekly and securely with three-packs and six-packs of premium Orion Portrait games, the Starwall adds attraction through high-impact motion graphics complementary to the game theme.

AGS is launching the Starwall with its new 88 Tian Lun™ family – starting with Jade Wins Deluxe® and Golden Wins Deluxe®. The game titles offer the same proven player-favorite features that have made the classic Jade Wins® and Golden Wins® casino-floor top performers, while adding a thrilling bonus wheel. Triggered randomly with any wild symbol during base-game play, the wheel bonus awards progressive jackpots, credit prizes, multipliers, respins, or an exciting coin-grab bonus that awards credits multiplied by the bet multiplier.

AGS is the only gaming company named to the prestigious list; winners determined after confidential employee survey focused on total employee experience

LAS VEGAS – February 11, 2020 – On the heels of winning the award for Atlanta’s 2019 Best and Brightest Companies to Work For® three years in a row, AGS today announced that it won the Best and Brightest Companies to Work For in the Nation® award for 2019  – the third consecutive year that AGS has won this coveted nationwide distinction.

AGS President and Chief Executive Officer David Lopez said, “We couldn’t be happier to be chosen as the Best and Brightest in the Nation for the third straight year. This award is dedicated to our employees, who make this a great company through their creativity, hard work, and passion. And it is also important to recognize our outstanding Human Resources team and leadership team, who are committed to delivering the best employee experience every day through our benefits package, growth opportunities, focus on work-life balance, and commitment to diversity, inclusion, recognition, and community.”

The Best and Brightest Programs President and Chief Executive Officer Jennifer Kluge said, “With the war on talent hitting the doorsteps of the Best and Brightest, this achievement means even more than it did a year ago. As we continue to raise the bar, these companies rise to the challenge through cultural innovation, maximizing their workforce potential.”

Out of the 5,000 companies that submitted nominations for the 2019 Best and Brightest national award, only 540 were named to the prestigious Best and Brightest list, putting AGS in the top 11 percent of all companies nominated.

The awards process was audited, designed, and scored by an independent market research firm and winners were selected following a confidential survey of AGS’ U.S. employees.

LAS VEGAS– December 11, 2019 – AGS (NYSE: AGS) or (the “Company”) has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2020 in the U.S. small and medium company category. The Employees’ Choice Awards, now in its 12th year, is based solely on the input of employees, who elect to provide feedback about their jobs, work environments, companies, and leadership on Glassdoor.com, one of the world’s largest job and recruiting sites.

AGS was one of only 50 companies in the United States to receive the award in its category and was the only gaming company to be honored.

AGS President and Chief Executive Officer David Lopez said, “We are truly honored to receive this award, which is even more meaningful because it came from our employees and their anonymous, genuine reviews about AGS that they have posted on Glassdoor.com. Our focus every day is how to create the best experience for our employees, and we do it through our core values, or the AGS Playbook, which encourages our team to ‘Act Like a CEO’, ‘Keep It Real’, ‘Embrace Change’, ‘Love the Game’, embrace a ‘Spirit of Service’, and of course, ‘Aspire to Win’, which keeps us competitive and driven to succeed in our industry.”

Glassdoor President, Chief Operating Officer, and Incoming Chief Executive Christian Sutherland-Wong said, “This year marks the shift to a culture-first decade in the workplace, and Glassdoor’s Employees’ Choice Awards winners are employers that are prioritizing culture, mission, and employees at the heart of everything they do.” Sutherland-Wong added that this year’s winners also “stand out for promoting transparency with employees, offering career growth opportunities, and providing work driven by impact and purpose.”

On Glassdoor, current and former employees voluntarily and anonymously share insights and opinions about their work environments by sharing a company review, designed to capture a genuine and authentic inside look at what a specific job may be like at a particular company. When sharing a company review on Glassdoor, employees are asked to rate their satisfaction with the company overall, and key workplace factors like career opportunities, compensation and benefits, culture and values, senior management, and work/life balance. In addition, employees are asked to describe the best reasons to work at their companies, as well as any downsides.

 

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 www.playags.com.

AGS Media Contacts:
Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com

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

About Glassdoor
Glassdoor combines all the latest jobs with millions of reviews and insights to make it easy for people to find a job that is uniquely right for them. As a result, Glassdoor helps employers hire truly informed candidates at scale through effective recruiting solutions like job advertising and employer branding products. Launched in 2008, Glassdoor now has reviews and insights for over one million companies located in more than 190 countries. For more information, visit glassdoor.com.
Glassdoor® is a registered trademark of Glassdoor, Inc.

Glassdoor Media Contact:

Amelia Green-Vamos
pr@glassdoor.com 

©2019 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.

SOURCE AGS

LAS VEGAS– December 5, 2019 – AGS (NYSE: AGS) or (the “Company”) today announced a partnership with 888 Holdings PLC to launch its real-money game content on 888casino, offering entertainment to millions of online gaming players across the globe, including New Jersey.

Following the Company’s recent launch on 888bingo, AGS will provide its full suite of online game content to 888casino, including popular online and land-based titles Fu Nan Fu Nu™, Golden Wins®, Jade Wins®, Olympus Strikes®, and Rakin’ Bacon!®. The AGS games will be live on 888casino later this month.

AGS Executive Vice President Matt Reback said, “We are thrilled to now have our high-performing and engaging game content available for 888casino’s more than 25 million registered online users, including those in New Jersey. Our games have already been proven in retail casinos and are currently delivering the same high levels of player engagement and performance with other online operators, so we are confident this will be a win-win for both AGS and 888 Holdings.”

888casino was established in 1997 and quickly became one of the world’s largest online casino destinations, with an impressive 25 million registered online users. To date, 888casino offers more than 600 online casino games in 17 languages. Its players receive hot bonus offers, promo codes, in-house games, and can become members of the prestigious 888 VIP Casino Club and Live Casino.

888 Holdings Senior Vice President of B2C Guy Cohen said, “We are focused on offering our players the most enjoyable, safe gaming experience in all the markets we operate in. We are excited by the addition of AGS content to our platform, which includes player-favorite features like multi-level jackpots, free games, multipliers, wilds, and scatters, combined with high-quality graphics and engaging themes. We are looking forward to growing our relationship with AGS as we enhance the player experience and grow our customer base.”

LAS VEGAS– November 11, 2019 – AGS (NYSE: AGS) or (the “Company”) today announced that it was awarded a 2019 Gold Medallion Award through the U.S. Department of Labor’s HIRE Vets program for commitment and leadership in recruiting, employing, and retaining U.S. military veterans.

AGS was the only gaming supplier recognized, one of only two gaming companies to earn this recognition (the other was Cosmopolitan Las Vegas) nationally, and one of only six companies in Nevada to earn a medallion through the HIRE Vets program, made possible through the Recruiting and Employing American Military Veterans Act of 2017, the only federal-level program that recognizes job creators who are passionate and actively focused on recruiting, hiring, and retaining America’s veterans.

AGS President and Chief Executive Officer David Lopez, a U.S. Army veteran, said, “At AGS we recognize that because of their backgrounds and experience, veterans bring leadership, technical skills, and a spirit of collaboration to our company and are valuable contributors to our success. We have made a firm commitment to not only hire more veterans, but to provide support and resources to our veteran employees and their families so they can thrive at work and in their communities. We’re honored to receive the Gold Medallion through HIRE Vets and are passionate about further bolstering our veteran’s initiatives.”

AGS is also dedicated to honoring the U.S. military through a variety of community outreach initiatives and support of local and national veteran’s organizations. Today the Company rolled out a Veteran’s Honor Wall at its corporate headquarters in Las Vegas to recognize and thank the women and men on its team who have served and sacrificed.

LAS VEGAS, Oct. 15, 2019 /PRNewswire/ -- AGS (NYSE: AGS) or (the "Company") today announced that its President and Chief Executive Officer David Lopez received the Global Gaming Award for 'American Executive of the Year' yesterday afternoon. The presentation ceremony was held at the Sands Expo® in Las Vegas during the Global Gaming Expo ("G2E"), where AGS is showcasing its newest and most innovative products in Booth No. 1253.

Lopez was among 19 gaming industry CEOs nominated in the category, representing companies such as Aristocrat, IGT, Interblock, and Scientific Games. A panel of 100 judges, made up of many esteemed executives and influencers from the global gaming industry, cast their votes and chose Lopez as the 2019 'American Executive of the Year.'

According to the Global Gaming Awards organizers, the Executive of the Year seeks to acknowledge and recognize one truly unique executive in the global gaming industry who has successfully steered their respective company on the path to success. It serves to pay tribute to those individuals whose efforts serve to drive the industry forward as a whole.

AGS Chief Marketing Officer and Executive Vice President of Investor Relations Julia Boguslawski said, "This award is an incredible honor for both David and AGS, especially among such an impressive group of contenders representing many large and well-established companies. We are thrilled to see David be recognized for his contributions to the global gaming industry and his leadership at AGS, where he has guided us to meaningful growth, taken the Company public, and cultivated the best employee culture in the gaming supplier space."

Lopez joined AGS as President and Chief Executive Officer in early 2014. Under his leadership, AGS grew the company organically and through numerous strategic acquisitions to become a full-service supplier of slots, table products, and interactive solutions. Lopez has led AGS to double-digit growth in revenue and AEBITDA for the last four fiscal years, beginning in 2015. In 2018, under Lopez's leadership, AGS successfully completed an initial public offering and secondary offering of the Company's stock, and AGS is now traded on the New York Stock Exchange under the ticker symbol AGS.

Prior to AGS, Lopez served two years as Chief Executive Officer, President, and board member of Global Cash Access (now Everi). Before that, he was Chief Operating Officer and a board member for leading table products supplier Shuffle Master, Inc. (now a Scientific Games asset). During his nearly 15-year tenure at Shuffle Master, Lopez held various executive positions, including Interim CEO, Executive Vice President, President of the Americas, and Vice President of Product Management. He was instrumental in Shuffle Master's phenomenal growth from a $27 million company in 1998 to nearly $260 million in annual revenues when he left the company in 2012.

A charismatic and popular CEO, Lopez was recognized by Glassdoor.com as one of the top CEOs of 2019 in their Employees' Choice Awards. He earned a 98 percent approval rating by AGS employees based on anonymous, voluntary employee reviews. Lopez's passionate focus on driving a positive employee culture can be attributed to AGS' third consecutive year winning 'Atlanta's Best and Brightest Companies to Work For® (2019, 2018, 2017) and two consecutive years winning 'Best and Brightest Companies to Work For in the Nation® (2018 and 2017) based on confidential, independent employee surveys.

Now in its sixth year, the Global Gaming Awards Las Vegas recognizes and rewards operational excellence displayed across a 12-month period. The Global Gaming Awards Las Vegas are powered by Gambling Insider magazine in association with the Global Gaming Expo ("G2E"). The voting process is independently adjudicated by KPMG Isle of Man to ensure full transparency.

LAS VEGAS – October 14, 2019 – AGS (NYSE: AGS) or (the “Company”) today announced that its new Starwall LED merchandising display for its premium Orion Portrait games won the Silver Medal for ‘Best Slot Product’ in the 18th Annual Gaming & Technology Awards presented by Global Gaming Business magazine. The awards will be presented next week at the Global Gaming Expo (“G2E”) October 15-17 at the Sands Expo® Convention Center in Las Vegas.

Independent, well-respected judges from across the gaming industry evaluated more than 70 gaming products and services in this year’s competition for the Gaming & Technology Awards, which represent the industry standard in the field, recognizing excellence in innovation and practical application in all gaming disciplines.

AGS’ Andrew Burke, Senior Vice President of Slot Products, said, “We knew the Starwall was special the minute we saw the initial concepts from our hardware development team. This breathtaking video display system, composed of hundreds of direct-view LED tiles, creates a bright, seamless, and elegant video backdrop integrated with our premium Orion Portrait games, attracting people from across the casino floor and adding excitement and immersion to game-play with stunning motion graphics complementary to the game theme.”

The award-winning Starwall will take center stage in AGS’ G2E Booth No. 1253, where two Starwall configurations will be on display integrated with AGS’ new premium Orion Portrait games.

Company to showcase its largest array of new slot, table, and interactive products, including three new hardware innovations

LAS VEGAS – October 8, 2019 – AGS (NYSE: AGS) or (the “Company”) today announced it will showcase its obsession with the player experience with the largest and most innovative portfolio of new products for the casino floor and for online gaming October 15-17 at the Global Gaming Expo (“G2E”) at the Sands Expo® in Las Vegas.

AGS will display this expansive product portfolio in Booth No. 1253, highlighting 70 games and more than 30 new games titles, 15 table games and products, and AGS’ robust lineup of online real-money and social games and platforms.

AGS President and Chief Executive Officer David Lopez said, “Every year our G2E portfolio is bigger and more diverse, but this year our R&D team has truly outdone themselves with three new hardware innovations for slots and some amazing new table products, including our second card shuffler. Based on the sophistication of our new hardware and all the new game content to support our platforms, customers will see first-hand the depth and breadth of our product roadmap, and how our obsession with the game is driving an incredible player experience.”

New Slot Cabinets Takes Center Stage; Innovative LED Slot Merchandising Promises to Steal Show

Taking center stage at G2E, AGS will debut the Starwall™, a stunning new LED video display for its premium Orion^sm Portrait games, designed to add floorwide attraction and deliver a more immersive game-play experience. Composed of brilliant LED lights that create a seamless video wall, the Starwall envelops the player in the game and attracts players passing by with cinematic, game-themed motion graphics that intensify the player experience.

AGS will also debut two highly anticipated new slot cabinets that add depth to its Orion family – the Orion Rise tower platform and the Orion 49C featuring a curved portrait display.

The Orion Rise delivers eight feet of gaming excitement in a dual-screen portrait platform, highlighted by a dramatic 55-inch 4K LCD monitor, premium button deck, custom audio, and game-synchronized LED spacer displays – all of which provide an immersive, cinematic game-play experience. At G2E, the Orion Rise will be featured with exclusive game content Wheel Surge™ and Dragon’s Jackpot™.

The premium Orion 49C, AGS’ first curved platform, features a 49-inch 4K curved, portrait LCD display, digital topper, and premium LCD button deck integrated with low-profile dual PLAY buttons surrounded by lights. At G2E, the Orion 49C will be showcased with exclusive new titles Sacred Dragon™ and Royal Phoenix™.

Both cabinets feature AGS’ signature U-shaped lighting design with more than 400 game-synchronized LED lights that celebrate wins and change colors throughout the game-play experience to add excitement and attraction.

Along with the new cabinet innovations, AGS’ G2E display will feature more than 30 unique game titles for Class II and Class III markets. For its core Orion Portrait cabinet, AGS is showcasing nine new titles, including its Ultimate Choice Jackpots™ family. And for the Company’s dual-screen Orion Upright and Orion Slant platforms, AGS will highlight 12 new themes, including its new Lucky Stacks™ library and Money Charge Jackpots™ lineup.

For video bingo markets across the globe, including Brazil, the Philippines, and Mexico, AGS showcases its Alora? e-bingo cabinet, which features an illuminated foot pedal with play action for a truly immersive, hands-free experience. AGS offers the Alora with a growing library of 12 games, including the player-favorite Lotto Diamond™, available in multiple languages including Portuguese, Spanish, and English.

AGS Demonstrates Innovation in Table Progressives, Side Bets

AGS propels its table business with new proprietary table games and side bets, as well as an array of innovative table solutions. Taking the spotlight will be AGS’ new Bonus Spin Xtreme™, a pioneering progressive side bet system that can link all table-game progressives in the casino and innovatively uses three concentric wheels to reward all participating players with a prize – something never before available for community-style games like roulette, baccarat, and craps. AGS will also demonstrate its STAX Progressive™ 2.0, with new O-WAP functionality and seasonal themed backgrounds, and its new PAX S™ single-deck packet shuffler for specialty games.

Also on display in AGS’ table products area – the recently launched Dex S™ poker shuffler, several new premium table game offerings, including an Asian-themed title and two new baccarat side bets, and the new ACOT™ chip tray and blackjack no-peek device.

AGS Leverages Proven Retail Content for Online Real-Money, Social Play

From its AGSi division, AGS will demonstrate its AxSys Games Marketplace? and more than 600 real-money gaming titles featuring AGS’ top-performing land-based games and a game portfolio from third-party developers. The Company will also highlight its ConnexSys? Social White-Label Casino, a turnkey, free-to-play mobile casino app that integrates the casino brand with AGS’ proven land-based titles to keep players engaged at home, work, and on-the-go.

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 www.playags.com.

About Global Gaming Expo
Global Gaming Expo (G2E), the largest gathering of global, commercial and tribal gaming professionals in North America, showcases the latest developments in gaming technology and features new educational content that is fast-paced and actionable. Attendees will experience firsthand the new products and innovative technologies showcased on the expo floor. G2E has everything you need for your casino floor and across your entire operation—from traditional casino fare to non-gaming amenities and digital products—G2E is where business growth is accelerated. Click here for a free pass to G2E.

AGS Media Contacts:
Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com

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

©2019 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. Sands Expo is a registered trademark (in at least the United States) of the Las Vegas Sands Corp.  

SOURCE AGS

LAS VEGAS – September 26, 2019 – AGS (NYSE: AGS) or (the “Company”) today announced that Meredith McEvoy, AGS Engineering Operations Director, was named to the 2019-2020 class of the Emerging Leaders of Gaming (“ELG”) 40 Under 40.

McEvoy was selected for this honor by The Innovation Group and Global Gaming Business magazine. The ‘Emerging Leaders of Gaming 40 Under 40’ program recognizes women and men in the gaming industry under the age of 40 who embody leadership roles and have contributed above and beyond expectations to their organizations and the gaming industry.

Along with the other ‘Emerging Leaders of Gaming 40 Under 40’ honorees, McEvoy will be recognized during the ELG 40 Under 40 cocktail reception on Wednesday, October 16 during the Global Gaming Expo (“G2E”) in Las Vegas.

AGS Chief Technology Officer Sigmund Lee said, “Meredith is an exceptional team member and has made many contributions in a short period of time. She’s a driven professional who is focused on quality, process improvement, and is passionate about the product development process. In addition to Meredith’s significant contributions at AGS, her service to the community and volunteer work in advancing young engineers, particularly through the Georgia Tech STEM program, is inspirational.”

As Engineering Operations Director, McEvoy and her team are instrumental in managing the product-development process for AGS’ slot division. She joined AGS in 2016 and has been instrumental in leading the development process for many product launches, including the Company’s gaming platforms and systems. McEvoy has also played a key role in the rapid office expansions for the R&D organization that are critical to AGS’ continuing growth.

Before joining AGS, McEvoy had a successful seven-year career as Senior Project Engineer with Lockheed Martin, one of the U.S.’s foremost defense contractors. She graduated from Georgia Institute of Technology (“Georgia Tech”) with a Master of Science in Mechanical Engineering and a Bachelor of Science in Mechanical Engineering.

Deal marks AGS’ first real-money gaming agreement in North America

LAS VEGAS and CHICAGO – September 11, 2019 – Rush Street Interactive (“RSI”) and AGS (NYSE: AGS) (or the “Company”) today announced an agreement for RSI to premier AGS’ online real-money game content at PlaySugarHouse.com’s online sportsbook and casino in New Jersey. The partnership deal also includes Rush Street Interactive’s regulated online casino in Colombia, RushBet.co, which will add the AGS content later this year, as well as Rush Street’s Casino4Fun social casino sites.

AGS Executive Vice President Matt Reback said, “We are impressed by the quality of the Rush Street Interactive platform and excited to provide online versions of our proven, popular land-based games for their real-money operations in New Jersey, Pennsylvania, and Colombia, and social casino markets.”

Under this partnership, Rush Street Interactive is the first online operator to launch AGS content in both New Jersey and Colombia. Rush Street Interactive’s online casinos launched with player-favorite AGS titles Golden Wins™ and Jade Wins™, with additional AGS games slated to launch throughout 2019, including proven retail performers Rakin’ Bacon!™ and Olympus Strikes™.

Rush Street Interactive President Richard Schwartz said, “We are excited to be the first operator in the Americas to add AGS game content to our engaging library of game titles available on our social and real-money online casinos. AGS’ games deliver the identical look, game features, and play mechanics as their popular land-based counterparts, which are entertaining players and delivering strong returns across North America.”

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.

AGS Interactive ("AGSi"), a division of AGS, offers more than 600 online games to many of the world's largest and most prominent online real-money gaming operators through its AxSys Games Marketplace™ Remote Gaming Server. For land-based operators, AGS' turnkey, free-to-play social casino-branded mobile casino app solution ConnexSys™ and large library of proven land-based games, delivers powerful marketing, monetization, and 360-degree connection to the player. Visit playags.com/interactive/ to learn more.

About Rush Street Interactive
Founded in 2012, Chicago-based Rush Street Interactive (RSI) launched its first betting site, PlaySugarHouse.com, in New Jersey in September 2016.  The company subsequently made history by becoming the first operator in the United Statesto offer a fully integrated online sportsbook and casino.  In addition to being the first to launch a legal sportsbook in the state of New York (at Rivers Casino in Schenectady) and a legal online sportsbook in the state of Pennsylvania (at PlaySugarHouse.com), RSI was also the first US-based gaming operator to launch a legal and regulated online sportsbook in Latin America (at Rusbhet.co in Colombia). Rush Street Interactive is also the developer and operator of a leading social gaming platform currently deployed at the group's affiliated land-based casinos, as well as selected third party partners. Rush Street Interactive was named "Mobile Operator of the Year" in North America at the EGR North America Awards 2019 and "American Operator of the Year" & "Casino Operator of the Year" at the American Gambling Awards in 2019. For more information, visit rushstreetinteractive.com.

AGS Media Contacts:
Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
jboguslawski@PlayAGS.com

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

Rush Street Interactive Media Contact:
Lisa Johnson, President — Lisa Johnson Communications 
lisa@lisajohnsoncommunications.com 

©2019 PlayAGS, Inc. All^® notices signify marks registered in the United States.  All ™ and ? notices signify unregistered trademarks. Products referenced herein are sold by AGS LLC or other subsidiaries of PlayAGS, Inc.   

SOURCE AGS

First Installs Across the U.S. Include Foxwoods, Mohegan Sun, Pechanga, and San Manuel

LAS VEGAS – August 22, 2019 – AGS (NYSE: AGS) or (the “Company”) today announced the launch of its new Orion Upright slot platform, the latest addition to its Orion family of game cabinets. The Company pre-launched the cabinet earlier this year, and it is currently entertaining players at Foxwoods Resort Casino and Mohegan Sun Casino & Resort in Connecticut; in southern California at Pechanga Resort Casino and San Manuel Casino; and in Oklahoma at WinStar World Resort & Casino – to name a few.

Like AGS’ Orion Portrait^sm and Orion Slant^sm, the new Orion Upright features the distinctive Orion starwall design,beautifully rendered with 420 full-color LED lights that synchronize with game-play, celebrate wins, and create eye-catching merchandising and attraction across the casino floor.

AGS Senior Vice President of Slot Products Andrew Burke said, “The Orion Upright is an exciting addition to our growing Orion family, providing us with a beautifully engineered dual-screen upright cabinet option. With the Orion Portrait, Slant, and Upright, we are now able to serve nearly 70 percent of the U.S. casino market with three distinct, yet complementary platform options for every size casino.”

Featuring dual large 27-inch HD displays, a 21.5-inch HD LCD topper designed to attract, ergonomic multi-touch LCD button deck, dual high-bright PLAY buttons, and an integrated USB charging port for personal electronics, AGS’ Orion Upright is also distinguished for reliability its ease of serviceability, with seamless accessible to key components.

AGS released the Orion Upright with a large library of proven dual-screen titles and promising new titles, including Fortune Blast® titles Blazing Luck™, Imperial Luck™, Goddess Treasures®, and Luck & Luxury®.

In Bet Founder, President, and CEO Ronald LaDuca Joins AGS’ Sales Leadership Team

LAS VEGAS – August 19, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that it has acquired all assets and operations of New Jersey-based In Bet Gaming (“In Bet”), a leading developer of proprietary table games and table-game side bets. AGS also announced that In Bet’s Founder, President, and Chief Executive Officer Ronald LaDuca will joinAGS’ executive team as Vice President of Table Products Sales.

AGS Senior Vice President of Table Products John Hemberger said, “We have had a strong partnership with the In Bet team for a number of years, and in 2017 we bolstered our relationship by acquiring five of their dynamic table progressives that continue to drive business for us today. Now, in addition to investing in the remainder of their innovative game assets, we are thrilled to welcome In Bet Founder, President, and CEO Ron LaDuca to our sales team in a leadership role. We will leverage Ron’s many trusted, long-term relationships with table-game operators to continue to grow our table products business, while capitalizing on In Bet’s pioneering inventions to drive revenues and player engagement in the casino pit.”

LaDuca, a gaming industry veteran of 30 years, brings more than a decade of executive experience to AGS. He founded In Bet Gaming in 2009, leveraging his years of table games experience in casino operations to develop new concepts for games that add excitement to the casino pit while providing players with the opportunities for a more rewarding experience. Before founding In Bet Gaming, LaDuca served in numerous table-game operations roles, helping to open the Showboat Atlantic City; Foxwoods Resort Casino in Connecticut; and West Virginia’s Mardi Gras Casino & Resort and The Greenbrier.

“I’m thrilled that AGS has purchased In Bet’s remaining assets and feel confident that our exciting game inventions will continue to attract and engage players across the globe in the hands of the experienced and passionate AGS development, product management, and sales teams,” LaDuca said. “I look forward to joining Team AGS and helping continue their momentum in table products.”

Under this agreement, AGS acquired four proprietary games from In Bet Gaming:

• 3 Card Blitz™ — an exciting, fast-paced flush-based game in which the player and dealer compete to get the higher-valued hand.
• Dragon Poker™ — a four-card poker game in which players build traditional poker hands with a special deck of 53 Asian-themed cards.
• Double Down Blackjack™ — a quick-paying blackjack-style game in which players vie for the higher point total against the dealer.
• Straight to the Flush™ — a new poker game in which the player builds their largest straight or flush and goes heads-up against the dealer.

These games, along with numerous AGS table products innovations, will be on display at the Global Gaming Expo October 15-17 in AGS’ Booth No. 1253 at the Sands Expo in Las Vegas. Click here to get your free G2E pass.

LAS VEGAS: August 12, 2019 — AGS (NYSE: AGS) (or the “Company”) announced today that its board of directors has approved a share repurchase program that will permit the Company to repurchase up to $50.0 million of the Company’s shares of common stock through August 11, 2021.

The Company may consummate these repurchases pursuant to one or more trading plans to be adopted in accordance with Rule 10b5?1 of the Securities Exchange Act of 1934, as amended, in privately negotiated transactions, in open market transactions, in transactions pursuant to Rule 10b-18 of the Securities Exchange Act of 1934, as amended, or pursuant to an accelerated share repurchase program. The timing and amount of any repurchases will be in the sole discretion of the Company’s management team, and will depend on legal requirements, market conditions, stock price, alternative uses of capital, and other factors. The Company is not obligated to repurchase any of its shares of common stock, and the stock repurchase program may be suspended or discontinued at any time.

AGS President and Chief Executive Officer David Lopez said, “This share repurchase program demonstrates our board of directors’ confidence in the continued strength and long-term growth prospects of AGS. We believe that the company’s shares are significantly undervalued and that we can implement this program while maintaining ample liquidity to continue investing in R&D and capitalizing on numerous potential growth initiatives ahead of us.”

Company’s passion for the game takes center stage as AGS displays new slot and table games, and online social and real-money games

LAS VEGAS – July 18, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that it will exhibit at the Oklahoma Indian Gaming Conference and Trade Show July 22-24 at the Cox Business Center in downtown Tulsa. AGS will spotlight the Company’s newest core slot cabinet – the Orion Upright – along with a host of new slot titles, table products, and online social and real-money gaming solutions.

AGS President and Chief Executive Officer David Lopez said, “OIGA is one of the most important trade shows we attend and an event we look forward to every year. It’s a great opportunity to spend time with our loyal Oklahoma customers, showcase our newest innovations, and reinforce our commitment to helping the Oklahoma tribal gaming market continue to thrive. AGS has deep roots in Oklahoma, and just this year, we acquired Oklahoma-based Integrity Gaming Corp. and held our GameON Customer Summit in Oklahoma. We are grateful to be one of the state’s largest game suppliers and appreciate the important role Oklahoma plays in AGS’ future.”

Taking center stage in AGS’ Booth No. 1208 will be the new Orion Upright, a core cabinet with many of the same features as the Company’s award-winning Orion Portrait? and Orion Slant? platforms, including the distinctive starwall design featuring 420 game-synchronized full-color LED lights to celebrate gameplay. The Orion Upright also offers dual 27-inch HD displays, an ergonomic LCD button deck, dual high-bright SPIN buttons, an integrated charging port, and an LCD HD topper designed to attract. The Orion Upright is launching with a library of exclusive new and proven dual-screen titles and a library of greatest hits from AGS’ ICON™ cabinet. OIGA attendees will be able to experience the Orion Upright with Imperial Luck® and Blazing Luck™ game content.

For its award-winning Orion Portrait premium cabinet, AGS will showcase two top-performing games – Crystal Magic® andRakin’ Bacon!®  The Rakin’ Bacon! game was the top-ranked core theme in the June 2019 Eilers-Fantini game performance report at 2.28x house average.

And AGS’ Orion Slant will be showcased at OIGA with several player-engaging Asian-themed games, including Golden Wins®and Jade Wins®.

AGS continues to propel its table products business with a host of new proprietary table games and table solutions. OIGAattendees will get to experience Blackjack Match Progressive™ with Buster Blackjack®, Jackpot Hold’em™, and Vega$ 3 Poker™, all with AGS’ award-winning STAX Progressive™. STAX features a must-hit-by progressive jackpot option and up to five progressive meter levels for larger and more frequently hitting rewards. From its table equipment lineup, AGS will showcase its Dex S™ single-deck poker shuffler, highlighting a streamlined design that is economical, durable, reliable, and exceptionally functional. The Dex S shuffles a single deck in less than 36 seconds.

In the Company’s Interactive display, AGS will showcase its ConnexSys Social White-Label Casino?, which is a customturnkey, free-to-play mobile casino app that integrates a casino brand with AGS’ proven and player-favorite land-basedgames to keep players engaged at home, work, and on-the-go. With live ops features and connection to casino-management systems, this turnkey solution strengthens player relationships and the casino brand, with optional in-app chip purchases to boost revenue.

And with real-money gaming at the forefront of many tribal gaming operators’ agendas, AGS will also be on hand to provide live demonstrations of its AxSys Games Marketplace? aggregator and content provider for real money gaming and sports betting partners.  The AxSys Games Marketplace has a large library of titles featuring AGS top-performing games as well as a host of entertaining games from third-party developers.

LAS VEGAS, July 17, 2019 – AGS (or the “Company”) (NYSE: AGS) today announced it will host an investor conference call and live webcast to discuss its second quarter 2019 results at 5 p.m. EDT on Wednesday, August 7, 2019.

The Company encourages participants to pre-register for the conference call by using the following link: AGS Q2 2019 Earnings Call. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time.

To pre-register, click here: AGS Q2 2019 Earnings Call

Investor Conference Call
Wednesday, August 7, 2019
5 p.m. EDT/ 2 p.m. PDT

Those unable to pre-register may participate by calling:
All participants: +1 (844) 746-0637 or +1 (412) 317-5261
Conference ID: AGS Q2 2019 Earnings Call

Webcast
To access the live webcast of the call, please visit the Company’s website at http://investors.playags.com and click on “Events”. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website for 30 days.

LAS VEGAS – July 10, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that its 2019 Annual Meeting of Stockholders will be held on Tuesday, September 10, 2019 at a location to be announced in Las Vegas, Nevada. The record date for the meeting is July 18, 2019. To be timely, pursuant to AGS’ Bylaws and Rule 14a-8 of the Securities Exchange Act of 1934, as amended, any notice of business or nominations with respect to the 2019 Annual Meeting of Stockholders must have been received by no later than 5 p.m. PDT on June 21, 2019. Any such stockholder proposal must have been submitted and must have complied with the applicable rules and regulations of the Securities and Exchange Commission, including Rule 14a-8 of the Securities Exchange Act of 1934, as amended, and AGS’ Bylaws. Proxy materials will be mailed to shareholders of record on or about July 30, 2019, and will available on the Securities and Exchange Commission's website at www.sec.gov and on AGS’ website at http://investors.playags.com/.

LAS VEGAS – June 24, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced the appointment of Anthony Abrahamson as Senior Vice President – Interactive to lead the Company’s online social and real-money B2B and B2C gaming business.

AGS Executive Vice President Matt Reback said, “Anthony is a strategic thinker and proven operator whose experience will help us grow our burgeoning interactive business over the next several years. Anthony has fostered strong relationships with operators, regulators, and suppliers in the real-money gaming space, both in New Jersey and Pennsylvania as well as in Europe, and we’re excited to leverage his experience, successful track record, and business savvy to accelerate opportunities in the real-money gaming and social gaming space.”

Abrahamson joins AGS from Prepaid Network Inc., where he served two years as Senior Vice President and General Manager. In this role, he managed the company’s global business, which delivers innovative payment solutions to its merchants to maximize payment success for their customers, including the Wyrz virtual prepaid Visa® card.

Before that, Abrahamson served as the General Manager, Senior Vice President, and Compliance Officer for Sportech Inc. – DraftDay Gaming, a firm that managed and operated a white-label Daily Fantasy Sports (“DFS”) platform for B2B and B2C operations that was later acquired by NYX Gaming Group. Earlier in his tenure at Sportech, he served as the company’s General Manager iGaming and Senior Vice President.

He also served as the Vice President of Business Operations at Tribeca Tables Software Limited, later acquired by Playtech, where he managed and operated the most successful internationally aggregated multi-license/multi-player online poker software platform.

Previously, Abrahamson held numerous other leadership roles focused on iGaming, iSports, Daily Fantasy Sports, and FinTech, with an emphasis on launching, managing, and operating digital gaming and payment platforms for leading companies; owning sales strategy and customer integration; and delivering hyper-growth, successful and compliant operations; and record revenue. Abrahamson earned a Bachelor of Arts degree and a law degree and is an admitted and practicing attorney of the Supreme Court of South Africa.

Abrahamson said, “It’s an exciting time to join AGS because the Company is truly committed to aggressively grow both their B2B online social white label casino business, and their real-money business and their library of internally developed and third-party games. The AGS executive team is smart, passionate, and experienced; I’m so excited to be a part of the Company’s bright future.”

LAS VEGAS – June 20, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that Anna Massion has been elected to AGS’ Board of Directors, and will serve on the Company’s Nominating, Governance, and Compensation committees.

Massion currently serves as an Independent Non-Executive Director at Playtech, PLC. Before that, from 2014-2019, she was a Senior Analyst for PAR Capital Management. Prior to joining PAR Capital Management, Massion held the role of Director of Gaming, Lodging and Leisure Research at Hedgeye Risk Management, LLC for six years. Earlier in her career, Massion served as Vice President/Senior Research Analyst at Marathon Asset Management and was Vice President on the Proprietary Trading Desk at JP Morgan.

AGS President and Chief Executive Officer David Lopez said, “Anna is a seasoned executive with extensive experience in corporate finance and asset management, along with a proven track record in managing U.S., UK, and European gaming investments. We believe her strong global experience across developed and emerging markets will be extremely valuable as we continue to increase our worldwide presence and propel AGS to the next level.”

Massion said, “I have admired the AGS executive team and the Company’s growth story for some time now, and I’m honored to be joining their board at such an exciting time for the business. I have tremendous respect for David and the other board members, and I look forward to working with them.”

Massion earned a Bachelor of Science in Economics, Concentration in Finance, Minor in Russian, and a Master of Business Administration in Finance from The Wharton School at the University of Pennsylvania.

Lopez wins prestigious award following 98% approval rating in anonymous employee reviews; ranked 15 out of 50 on Glassdoor’s Top CEOs list

LAS VEGAS – June 19, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that its President and Chief Executive Officer (“CEO”) David Lopez won a Glassdoor Employees’ Choice Award honoring the Top CEOs in 2019. Glassdoor, one of the world’s largest job and recruiting sites, highlights top leaders who employees love working for with this prestigious annual award that is determined by anonymous and voluntary reviews on Glassdoor.com from May 2, 2018-May 1, 2019.

Among the approximately 900,000 companies reviewed on Glassdoor, Lopez earned a 98% approval rating among employee reviews, while the average CEO approval rating is 69%, demonstrating extremely high levels of leadership, performance, vision, trust, engagement, conviction, and communication. Lopez ranked 15 out of 50 CEOs in the small-to-medium company category.

Lopez’s award as Top CEO follows the Company’s recent 2019 award as one of ‘Atlanta’s Best and Brightest Companies To Work For®’ in 2019 – the third year in a row AGS has won this honor. The Company was also named among the ‘Best and Brightest Companies To Work For in the Nation®’ for the second year in a row.

AGS Chief Marketing Officer and Executive Vice President of Investor Relations Julia Boguslawski said, “This is an incredible honor for David, who through his leadership and passion, drives the AGS culture to be the best in our industry. The fact that our own employees anonymously and voluntarily gave David 98% approval ratings on Glassdoor.com demonstrates that he is a tremendous leader, visionary, and a CEO of and for the employees – driven to foster a work environment where people can be creative, feel recognized and rewarded, and are passionate about doing their best work for our customers and our shareholders. David does so much more than just drive our strategy and vision – he connects and galvanizes our team to be the best we can be.”

Glassdoor President and Chief Operating Officer Christian Sutherland-Wong said, “It’s an honor to recognize incredible leaders who, from their employees’ perspectives, exemplify exceptional vision, trust, and communication. Glassdoor’s Top CEOs award continues to be more competitive every year, and I congratulate each leader on their achievement. Today’s job seekers are looking for leaders who share their values and will empower them to bring their full selves to work. More and more, we’re seeing Top CEOs make decisions to shape the culture of their organizations to help recruit and retain quality talent, which has a direct correlation to fueling business success.”

When employees submit reviews about their company on Glassdoor, they are asked to rate various factors about their employment experience, including their overall satisfaction and other workplace attributes like senior management. As part of these ratings, employees are also asked to rate whether they approve, disapprove, or are neutral about the job their CEO is doing.

Glassdoor’s Top CEOs in 2019 were determined using company reviews shared by U.S. based employees throughout the past year. The final list is compiled using Glassdoor’s proprietary algorithm, led by its Economic Research Team, and considers quantity, quality, and consistency of reviews.

For the complete list of all Glassdoor Top CEOs winners in 2019, please visit https://www.glassdoor.com/Award/Top-CEOs-LST_KQ0,8.htm.

Deal marks Company’s first with a Malta-based real-money online casino operator

LAS VEGAS – May 28, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that it is now providing online, real-money game content to Malta-based online gaming operator ALEA for its SlotsMillion online casino brand.

The Company is in the early stages of its partnership with ALEA, and just recently launched AGS’ proven land-based title Jade Wins® in ALEA’s SlotsMillion online casino – one of the world’s largest slots casinos.

AGS Executive Vice President Matt Reback said, “Player demand for our AGS game content is high, so we’re thrilled to add another operator-partner and one as well-respected as ALEA in our first partnership with a Maltese operator. ALEA is a highly regarded online operator known for its innovation and focus on player entertainment, and we appreciate their confidence in AGS.”

ALEA Co-founder and Chief Executive Officer Alex Tomic said, “Working with the AGS team has been a terrific experience and we look forward to a long-term partnership focused on player entertainment. We expect that Jade Wins is going to prove to be a top-performer on SlotsMillion following on its success in retail casinos across North America, and we look forward to launching more AGS content in the coming months.”

SlotsMillion is an online casino holding licenses from the Gambling Commission of Great Britain, the Malta Gaming Authority, and the Netherlands Antilles (Curacao) government. The site, founded by ALEA in 2014, has more than 2,000 games available for mobile, tablet, and desktop and is available to play in the UK and in regulated markets around the world, including an upcoming expansion to the Swedish market.

LAS VEGAS – May 28, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that it is now providing online, real-money game content to Malta-based online gaming operator ALEA for its SlotsMillion online casino brand.

The Company is in the early stages of its partnership with ALEA, and just recently launched AGS’ proven land-based title Jade Wins® in ALEA’s SlotsMillion online casino – one of the world’s largest slots casinos.

AGS Executive Vice President Matt Reback said, “Player demand for our AGS game content is high, so we’re thrilled to add another operator-partner and one as well-respected as ALEA in our first partnership with a Maltese operator. ALEA is a highly regarded online operator known for its innovation and focus on player entertainment, and we appreciate their confidence in AGS.”

ALEA Co-founder and Chief Executive Officer Alex Tomic said, “Working with the AGS team has been a terrific experience and we look forward to a long-term partnership focused on player entertainment. We expect that Jade Wins is going to prove to be a top-performer on SlotsMillion following on its success in retail casinos across North America, and we look forward to launching more AGS content in the coming months.”

SlotsMillion is an online casino holding licenses from the Gambling Commission of Great Britain, the Malta Gaming Authority, and the Netherlands Antilles (Curacao) government. The site, founded by ALEA in 2014, has more than 2,000 games available for mobile, tablet, and desktop and is available to play in the UK and in regulated markets around the world, including an upcoming expansion to the Swedish market.

LAS VEGAS – May 23, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced two new additions to its North America Games Sales team – Michele Hannemann, who will support Western Canada, and Colleen Coddington, assigned to the Midwest U.S. region. Hannemann and Coddington bring a wealth of gaming sales experience to their new roles with AGS, and have long and well-established relationships with their customers.

AGS’ Senior Vice President of Sales Robert Perry said, “We are excited to welcome Michele and Colleen to the AGS team. Together, they bring nearly 30 years of combined sales and business development experience, and they are both highly knowledgeable about the gaming landscape, the products, and their markets. Most of all, both Colleen and Michele have proven experience in developing respected, trusted, and strong relationships with their customers. They will be strong contributors to our continued growth, and their energy and enthusiasm is contagious.”

Hannemann joined AGS after serving 12 years with IGT, most recently as Account Manager for IGT Canada Solutions ULC. In this role, she led the sales and business development of IGT’s broad portfolio of gaming products and services within the territory, was accountable for meeting or exceeding multi-million dollar forecasted sales quotas, and was a frequent top-tier performer.

Before that, Hannemann served eight years with the Alberta Gaming & Liquor Commission, focused on the planning and development of Alberta’s electronic gaming product strategy. She earned a Bachelor of Arts degree from the University of Alberta.

Coddington joins AGS after 10 years of service with Scientific Games and its acquired company Bally Technologies, where she most recently was an Account Executive with responsibility for 14 accounts across the Midwest, focused on driving game sales, gaming operations, and conversion revenue.

Coddington had a consistent track record of growing revenue year-over-year. Before joining Scientific Games, Coddington held business-development roles in the pharmaceutical industry. She earned a Masters of Business Administration and a Bachelor of Arts degree from Quincy University in Illinois.

• AGS is the only gaming company named to the prestigious list

• Company honored in 2018 and 2017 with national and Atlanta wins for commitment to employees, exceptional corporate culture

• AGS employees completed confidential survey as part of the evaluation to win the award

LAS VEGAS – May 22, 2019 – AGS (NYSE: AGS) (or the “Company”) a Company widely known for having the best culture in the casino gaming equipment supplier space, today announced that for the third year in a row, it was named among the Best and Brightest Companies To Work For® in Metro Atlanta.

This coveted award follows AGS’ announcement early this year that it was named among the 2018 ‘Best and Brightest Companies To Work For in the Nation®’ for the second year in a row.

AGS President and Chief Executive Officer David Lopez said, “For us, this is the best possible award we could win – one that recognizes our outstanding, employee-focused culture, and one that we win based on a confidential, third-party survey of our own employees. We are thrilled to receive this honor for the third year in a row, and we dedicate it to our outstanding Atlanta team and to all AGS employees for taking pride in contributing to our shared success and passionately living our mission and values.”

Out of the 2,400 nominations for Atlanta’s Best and Brightest Companies to Work For®, AGS was one of only 121 companies named to the prestigious list for 2019.

The winners were selected by an independent research firm following a confidential survey of all Atlanta-area employees, who evaluated key measures in various categories, including compensation, benefits, and employee solutions; employee enrichment, engagement, and retention; employee education and development; recruitment, selection, and orientation; employee achievements and recognition; communication and shared vision; diversity and inclusion; work-life balance; community initiatives; and strategic company performance.

AGS has two campuses in the Atlanta Metro area – one in Duluth, Georgia and another in Midtown. Nearly 200 employees work across these two campuses primarily in the fields of Research & Development, with a focus on game development, hardware engineering, software design, graphic design, and quality assurance.

AGS Chief Operating Officer Sigmund Lee, who is based in Atlanta and oversees the Company’s product development, said, “We are fortunate to work with the best people in Gaming, and it’s rewarding to know how much we enjoy the opportunity to work at AGS. Our company is unique and it’s a special time for us; we value our people, empower them, and make sure we play as hard as we work. I’m proud that our team members in Atlanta are being recognized among the ‘Best and Brightest’.”

Sponsored by the National Association of Business Resources, the 9th annual ‘Best and Brightest Companies to Work For®’ not only honors organizations as Best and Brightest Companies to Work For®, but also celebrates achievement and success in empowering employees’ lives through culture, diversity, and community engagement.

Company Debuts Full Range of Slot Products, Including Its Orion® Cabinets, High-Performing Game Titles at Philadelphia-Area Casino, With More Launches Planned Across State This Spring

LAS VEGAS – April 17, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced its first game placements in Pennsylvania at Parx Casino® in Bensalem, a suburb of Philadelphia. The games went live on the Parx casino floor last week, with more games slated to debut across the state over the next several months.

AGS Senior Vice President – Slot Products Andrew Burke said, “We are excited about entering the robust Pennsylvania market and honored to do so at Parx Casino®, a state-of-the-art property that attracts players from greater Philadelphia, the sixth largest metropolitan area in the U.S. with more than six million residents.”

For its Pennsylvania launch, AGS debuted its industry-leading Orion Portrait, Orion Slant, ICON™, and Big Red™ slot cabinets and an array of its highest-performing game titles, including Fu Nan Fu Nu™, Jade Wins™, Olympus Strikes™, Golden Wins™, and Colossal Stars™.

Parx Casino®’s Marc Oppenheimer, the Chief Marketing Officer of Greenwood Gaming, the owner and operator of Parx, said, “We are honored that AGS chose Parx Casino® as its launch partner in Pennsylvania. We have been eager to add AGS’ entertaining games to our slot floor and offer our players the high-volatility excitement that AGS games are recognized for, with slot enthusiasts’ favorite features, such as progressive jackpots and free games.”

Following its game debut at Parx, AGS will roll-out its games across Pennsylvania, which currently has 10 standalone and racetrack casinos, along with two resort casinos. In 2018, the slot machines and table games in Pennsylvania casinos generated a record gross revenue total of $3.2 billion – the highest total ever in the industry’s 13 years of operation, with Parx Casino® leading the way.

Proven Executive Brings 24 Years of Sales Experience

LAS VEGAS – April 8, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that Adam Whitehurst is joining the Company as Vice President of Strategic Accounts. Whitehurst joins AGS with 24 years of experience in gaming, technology, and pharmaceuticals.

Whitehurst is an accomplished sales leader and business development executive with more than two decades of experience in Gaming, where he led sales teams to high levels of performance, successfully integrated sales teams after mergers and acquisitions, negotiated complex, multi-year, enterprise-wide deals, and established a strong track record of customer success and building high-performance teams.

He most recently worked at Scientific Games, where he was the Vice President of Game Sales for five years, with responsibility for the eastern U.S. Prior to that, he served with Bally Technologies, which was later acquired by Scientific Games, ending his tenure there as Vice President of Games Sales – Central Region. Whitehurst earned a Masters of Business Administration from Florida Atlantic University, and a Bachelor of Arts degree in Economics from University of Florida.

AGS Senior Vice President of Sales Robert Perry said, “Adam is an exceptional addition to the AGS team and will help drive further penetration of our slot products across the U.S., with a laser-focus on leveraging his strong relationships with strategic and corporate accounts. He has an impressive track record of establishing and maintaining longstanding, trusted partnerships with casino operators, and his experience will play a major role in taking AGS to the next level of growth. I’m thrilled to have him join our team.”

Whitehurst said, “I can’t think of a better time to join AGS. The Company is on fire with a fast-growing library of slot content and cabinets consistently ranked among the highest-performing games. The senior leadership is top-notch and focused on doing all the right things to grow the business, and the AGS culture is unmatched in our industry for its focus on transparency, leader accessibility, communication, diversity, teamwork, and ownership. I’m honored and excited to join a company that truly makes customers and employees feel valued, heard, and recognized.”

To reach Whitehurst, please email awhitehurst@playags.com.

Company’s passion for the game takes center stage as AGS displays full lineup of new slot and table games, and online social and real-money games

LAS VEGAS – March 26, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that it will be exhibiting at NIGA’s Indian Gaming Trade Show April 3-4 in San Diego, with a spotlight on the Company’s newest core slot cabinet – the Orion Upright? – along with a host of new slot titles, table products, and online social and real-money gaming solutions.

AGS will be live in Booth No. 1651 at the San Diego Convention Center. Taking center stage will be AGS’ new Orion Upright, a core cabinet with many of the same features as the Company’s award-winning Orion Portrait? and Orion Slant?platforms, including the distinctive starwall design featuring 420 game-synchronized full-color LED lights to celebrate gameplay. The Orion Upright is launching with a library of exclusive new titles and greatest hits from AGS’ ICON™ cabinet.

Debuting for the first time at NIGA, gaming operators will experience AGS’ Orion Upright with the new Fortune Blast™family featuring four brand-new titles — Luck and Luxury™, Imperial Luck®, Goddess Treasures®, and Blazing Luck™. This new series offers ways or line-pay evaluation for more winning opportunities, and a symbol-locking feature to keep players on the edge of their seats.

AGS President and Chief Executive Officer David Lopez said, “NIGA is a show we look forward to every year because it gives us a chance to meet with our tribal operator-partners in an intimate setting and highlight our newest and most exciting products that are launching over the year. This year we are very excited about our new Orion Upright because it fills a need on many casino floors for a differentiated, attractive, and sophisticated core cabinet with great content.”

The Company will also showcase its hottest new Class II and Class III titles for the Orion Portrait platform, including Crystal Magic®, Hearts and Horns™, Enchanted Pearl™, and the popular Rakin’ Bacon!™ with its cherubic pig that gets fatter and fatter as the wins add up. Hailing from the Company’s Australia game-development studio, the title Red Silk™ showcases a fresh new family on Orion Portrait featuring a three-level linked progressive, a wild reel feature, and up to 10 free games.For the Orion Slant, AGS will spotlight the Fa Cai Shu™ and Kingdom Ca$h® families, which offer themed banking, linked progressive jackpots, and a variety of math models for a diverse and exciting gaming experience.

AGS continues to propel its table products business with a host of new proprietary table games and table solutions. NIGA attendees will get to experience Super Start Hold’em™, a poker-style game whereby the players always start with the better two-card hand than the dealer; the popular Criss Cross Poker™ with Bonus Spin™; Blackjack Match Progressive™ featuringthe popular must-hit-by jackpot level; and Three Card Blitz, an exciting new flush-based game featuring player vs. dealer excitement to achieve the highest-scoring hand using up to three suited cards.

AGS will demonstrate its two table-game progressive platforms – STAX™ and Bonus Spin – which just reached a milestone of more than 1,000 units installed across the U.S. with a healthy backlog of orders planned throughout 2019. The award-winning STAX has a must-hit-by option that is driving demand and excitement on games like Super 4®, Blackjack Match™, and Royal 9™ as players anticipate the chance to win one of the five progressive jackpots. And Bonus Spin offers an eye-catching and anticipatory experience with its virtual prize wheel.

From its table equipment lineup, AGS will showcase the Dex S™ single-deck poker shuffler, featuring a streamlined design that is economical, durable, reliable, and exceptionally functional.

In the Company’s Interactive display, AGS will showcase its ConnexSys™ Social White-Label Casino solution, a turnkey, free-to-play mobile casino app that integrates the casino brand with AGS’ proven and player-favorite land-based titles to keep players engaged at home, work, and on-the-go.

And with real-money gaming at the forefront of many tribal gaming operators’ agendas, AGS will also be on hand to provide live demonstrations of its AxSys Games Marketplace™ and large library of titles, featuring AGS top-performing games as well as a host of entertaining games from third-party developers.

LAS VEGAS, March 18, 2019 /PRNewswire/ -- AGS (NYSE: AGS) (or the "Company"), today announced the commencement of a secondary public offering of 4,000,000 shares of the Company's common stock, par value $0.01, by Apollo Gaming Holdings, L.P. (the "Selling Stockholder"). The Company is not selling any shares of common stock and will not receive any proceeds from the offering.

Morgan Stanley and Jefferies are acting as underwriters for the offering. The offering will be made only by means of a preliminary prospectus supplement and accompanying base prospectus related to the offering, copies of which, when available, may be obtained from Morgan Stanley & Co. LLC - Attn: Prospectus Department - 180 Varick Street, 2nd Floor - New York, NY 10014; Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY10022, by calling 1-877-821-7388, or by e-mailing Prospectus_Department@Jefferies.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, and there shall not be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A shelf registration statement relating to the offering of the common stock was filed with the U.S. Securities and Exchange Commission and is effective.

Company, Chickasaw Nation Reinforce Longtime Partnership; AGS Secures Leased Game Footprint of Approximately 3,200 Games, Representing AGS’ Largest Chickasaw Footprint Ever

LAS VEGAS – March 15, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that it has signed a long-term contract renewal with the Chickasaw Nation, effective March 2019, securing AGS’ installed base of approximately 3,200 recurring revenue games across the tribal gaming operator’s 22 casinos in Oklahoma. The deal represents a significantly larger installed base of Class II games than AGS previously had across the Chickasaw Nation’s extensive gaming enterprise.

AGS President and Chief Executive Officer David Lopez said, “We are appreciative of our 14-year relationship with the Chickasaw Nation, this opportunity to renew our business with them, and their confidence in AGS.”

Chickasaw Nation Secretary of Commerce Bill Lance said, “We are pleased to renew our long-standing relationship with AGS and look forward to furthering our partnership.”

Experienced Executive Brings 20+ Years of Supplier, Operator Experience

LAS VEGAS – March 7, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced that experienced gaming industry executive Mark DeDeaux has joined the Company as Senior Director, Slot Products.

DeDeaux will oversee games product management, gaming operations, and sales administration, with a focus on driving the Company’s games product strategy and roadmap and overseeing AGS’ leased games business to maximize game performance and penetration.

AGS Senior Vice President of Slot Products Andrew Burke said, “Mark brings exceptional experience to the customer journey. With 10 years working in casino operations in several different markets, he understands our customers’ goals and challenges very well. He also possesses a deep technical knowledge of product and a strong understanding of the competitive marketplace. We look forward to leveraging his broad industry expertise to help our customers achieve new levels of product performance and ensure that AGS continues its strong momentum.”

DeDeaux brings more than 20 years of gaming industry experience to AGS, including 13 years in gaming equipment sales and gaming operations, along with more than 10 years of experience in casino operations.

Immediately prior to joining AGS, he served as the Vice President of Business Development and Sales for Next Gaming, a developer of skill-based slot products, where he was responsible for game development, product management, strategic initiatives, business development, sales, and marketing.

Prior to that, DeDeaux served four years as the Director of Sales at Scientific Games, with sales operations responsibility for a six-state territory in a role in which he consistently exceeded annual revenue, increased regional sales, and surpassed his annual forecasts.

Before that, he served six years as the Director of Gaming Operations at Bally Technologies (acquired by Scientific Games in 2014), with responsibility for global recurring gaming revenue of approximately $400 million.

Prior to joining the gaming supplier side of the business, DeDeaux served two years as the Director of Slot Operations at Trump Casino in Gary, Indiana and eight years with Caesars Entertainment (formerly Harrah’s Entertainment) in various casino management roles at properties in Nevada, Mississippi, and Illinois.

LAS VEGAS – February 26, 2019 – AGS (NYSE: AGS) (or the “Company”) today announced a major milestone in the history of its table games business as its installed base of table-game progressive products has now surpassed 1,000.

The Company’s table progressive product suite includes two unique platforms: AGS’ wheel-based Bonus Spin and the award-winning STAX, which features industry-leading games like Blackjack Match, Royal 9 Baccarat Progressive, and Super 4 Progressive Blackjack. These products, installed and driving revenue and player engagement in casinos across the United States, now number more than 1,000, with a healthy backlog of orders planned throughout 2019.

AGS Senior Vice President of Table Products John Hemberger said, “The growth of our progressive installed base has been phenomenal, especially considering that we only launched our table-game division in 2014 and had to build a development team, product portfolio, and sales team from the ground up. The fact that we have been able to reach this level of success so quickly is a true testament to the strength of our customer relationships and their outstanding confidence in AGS; we truly appreciate their support and will continue to innovate in partnership with our customers.”

Foxwoods Resort Casino Vice President of Table Games Wayne Theiss said, “The AGS team delivers innovation, partnership, and outstanding customer service and has helped us add new levels of excitement to our casino pit. We have over 100 AGS progressive products on the floor, including Bonus Spin and STAX, and our players love the must-hit-by and community features of these products. We look forward to working with AGS’ creative, dynamic team to further enhance our table-game revenues through new progressive features that focus on delivering even more value to our table-games players.”

Hemberger said there is a growing demand for table progressives to enhance the game-play experience by creating more scenarios where players can win. “Table-game progressives are very attractive to players because with a relatively small additional wager or side bet, a player has the chance to win a life-changing prize. And even the smaller, more frequently hitting jackpots are tremendously fun for players because there’s an inherent feeling of luck and the jackpot win itself creates palpable excitement in the pit that the winner and those around them experience.”

One of the key drivers of AGS’ table progressive recent success has been the award-winning STAX table-game progressive platform, which offers dynamic links to multi-level and must-hit-by jackpots. This highly configurable table games progressive system features various wagering options, along with up to five levels and distinct pools, to seamlessly transform basic games like blackjack, as well as AGS’s player-favorite proprietary games like Chase the Flush™ and Criss Cross Poker. And with light-up bet sensors and a dynamic double-side display that prominently displays the progressive awards, STAX offers both player attraction and win celebrations.

Later in 2019, through a new feature called Golden Seat, AGS is expanding the capabilities of its STAX system to directly market to players and provide customizable rewards. The Company is also launching Bonus Spin Xtreme, an innovative wheel-based community or player-envy experience in which all the players who have wagered the side bet win a secondary award.

This deal marks AGS’ first partnership with an online operator outside Europe

LAS VEGAS – February 19, 2019 – AGS (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the global gaming industry, today announced an agreement to provide its real-money game content to Ainsworth Game Technology’s (“Ainsworth”) first online casino, Mustang Money Mexico.

AGS Senior Vice President of Interactive Bryan Bennett said, “With a robust land-based business in Mexico, where our games are very popular with Mexico players, we are confident that our online titles will resonate equally as well and even help propel the popularity of our retail content. This is our first cross-channel opportunity to offer games in both a real-money online and land-based market, and reflects our focus on distributing our entertaining content online into other regulated real-money gaming markets as we continue to grow our interactive business.”

Mustang Money Mexico is live at https://www.mustangmoney.mx/  and available throughout the Mexico regulated gaming market. Through its AxSys Games Marketplace game aggregation platform, AGS will provide content to the online casino, including top-performing AGS game titles like Golden Wins, Jade Wins, and Longhorn Jackpots and game content from AGS’ rapidly expanding network of third-party suppliers.

Ainsworth Game Technology General Manager of Online Gaming and Interactive Jason Lim, said “We have been working with the AGS iGaming team for some time now as a supplier of third-party game content, and we’re thrilled to take our relationship to the next level by making AGS our game aggregator of choice in Mexico. We are especially excited about the AGS game content because we know it has been proven to perform in land-based casinos in Mexico and the United States.”

AGS will focus on maximizing performance and revenue of Integrity’s 2,700-game participation footprint

LAS VEGAS – February 11, 2019 – PlayAGS (NYSE: AGS) (“AGS”, or the “Company” or “our”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced the successful completion of its acquisition of Integrity Gaming Corp. (TSX-V: IGAM) (OTCQX: IGAMF) (“Integrity”). This acquisition increases AGS’ recurring revenue footprint by more than 2,700 games and presents yield optimization opportunities.

AGS Senior Vice President of Slot Products Andrew Burke said, “We are thrilled to have so quickly closed this deal and are ready to provide Integrity’s customers with exceptional service and support. Every Integrity customer is also an AGS customer, so this should be a relatively seamless transition and one that gives us an opportunity to work with operators to ensure they are getting the best performance from their Integrity-placed games.”

Under the terms of the deal, AGS acquired all issued and outstanding common shares of Integrity Gaming Corp. for a cash payment of CAD$0.46 per share, reflecting a total transaction value of USD$49 million, which includes repaying USD$35 million of Integrity’s outstanding debt. The acquisition was funded with cash on the balance sheet.

Integrity’s installed base of more than 2,700 Class III and Class II games in Oklahoma and Texas includes slot machines manufactured by various slot suppliers, including AGS, in approximately 30 tribal casinos.

Now that the transaction has closed, Integrity’s brand, operations, and team will be integrated under AGS, with centralized service and support managed from AGS’ Oklahoma City, Oklahoma offices.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Blake, Cassels & Graydon LLP served as legal advisors to AGS.

Company to provide its library of game content to Bede’s operator clients

LAS VEGAS – February 4, 2019 – AGS, (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that it has entered into an important partnership with Bede Gaming.

Under the terms of the agreement, AGS provide its real-money game content to Bede’s impressive client roster of some of the world’s most successful and prestigious online gaming brands, including 21.co.uk, Bet UK, Bingo Stars, Grosvenor Casinos, MECCA, Ontario Lottery and Gaming Corporation (OLG), Slot Boss, and Sun International – to name a few.

AGS’ AxSys Games Marketplace game aggregation platform will seamlessly integrate with Bede’s powerful gambling platform to offer Bede’s operator partners an even larger and more robust library of high-performing game content, including soon-to-launch AGS game content already proven in land-based casinos.

AGS Interactive Senior Vice President Bryan Bennett said, “We are thrilled to partner with such a well-respected firm as Bede Gaming, known for offering operators a comprehensive platform, true omni-channel solution, and large library of the most exciting game content. Their customer portfolio includes many of the world’s largest online operators, and now those operators will have access to the content we offer from our third-party suppliers, and soon, AGS-developed game content, to substantially increase Bede’s game library and significantly broaden our player reach. It’s a win-win, and we couldn’t be more pleased.”

Bede Gaming Commercial Director Ross Haselhurst added, “We are very much looking forward to offering AGS’ library of entertaining and feature-rich game content to our online operator partners for the ultimate enjoyment of the online player. We now offer operators one of the most extensive and diverse portfolios of content available, with over 3,000 game titles across our platforms. We are especially excited about the internally developed AGS game content, known for offering a high-volatility extended play experience that can be highly rewarding.”

AGS’ online game library is available now on Bede’s platform.

LAS VEGAS – January 23, 2019 – AGS (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, will showcase its obsession with providing the best platforms and game titles for online real-money and social gaming at ICE London February 5-7 in Stand N1-536 at ExCel London.

Following the Company’s June 2018 acquisition of iGaming aggregator and content provider Gameiom Technologies, AGS now offers a robust game aggregation platform, remote gaming server, and a library of more than 600 entertaining game titles from a network of third-party suppliers, and soon to launch, game content from AGS’ own in-house studios.

To deliver its high-performing games and provide an exceptional play experience, AGS partners with many of the world’s leading online operators, including 888 Holdings, Betfred, BetVictor, Coral, GVC Holdings, Ladbrokes, Rank Group, and William Hill.

At ICE, AGS will provide live demonstrations of its Axsys Games Marketplace game aggregation platform and game titles soon-to-be available from AGS, which include online versions of AGS’ proven land-performers like Golden Wins™, Jade Wins™, and Longhorn Jackpots™. AGS will also highlight its large portfolio of game titles from its partner network of third-party suppliers, which include 1x2 gaming, 2 By 2 Gaming, Ainsworth, Asylum Labs, Bulletproof Games, Gaming Realms, High 5 Games, MetaGU, Reflex Gaming, Revolver Gaming, Skillzz Gaming, Storm Gaming Technology, No Limit City, and Oryx Gaming.

The Company will showcase its Connexsys Social White-Label Casino solution, a turnkey, free-play B2C mobile app solution for land-based casinos that blends the casino brand with AGS’ library of player-favorite games to deliver a mobile gaming experience for players.

AGS President and Chief Executive Officer David Lopez said, “We’re excited about bringing our obsession for the game to ICE and welcoming online and land-based gaming operators into our stand to experience our player-proven games and our platform technologies for real-money and social gaming. Our AGS Interactive team, along with several of our senior-level executives, will be on hand at ICE to showcase our fast-growing library of high-performing online game content, including our first AGS titles which will soon be available through our Axsys Games Marketplace. We look forward to this launch, given our industry-leading game performance in the land-based market, which gives us confidence that the games will do very well in the real-money gaming space.”

Winners selected based on their work ethic, accomplishments, community contributions; Nasuta is the only winner from the gaming equipment supplier space

LAS VEGAS – January 16, 2019 – AGS, (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that its Vice President of Human Resources Kim Nasuta was named among VEGAS INC.’s prestigious 2019 Women to Watch, which celebrates Southern Nevada’s most influential female professionals.

Only 13 women were selected for the prestigious 2019 ‘Women to Watch’ list out of more than 100 nominees, and Nasuta is the only winner representing the gaming equipment supplier industry. Honorees were chosen by an independent panel of judges based on their work ethic, accomplishments, and dedication to giving back to their community. Nasuta and the other award recipients will be featured in the February 7 issue of Las Vegas Weekly and honored in a celebration that evening at the Silverton Casino Hotel’s Veil Pavilion.

AGS President and Chief Executive Officer David Lopez said, “Since Kim joined AGS in early 2017, she has made so many contributions to our business, including spearheading our veteran initiatives; propelling our recruiting to hire more than 300 high-quality team members globally in two years, including staffing new game-development studios; and leading our focus on corporate culture through best-in-class benefits, community outreach, and employee engagement. We are so proud of Kim and are truly thrilled to celebrate this award with her.”

Lopez also credits Nasuta with helping to achieve two big wins for the Company; AGS was recognized in 2018 and 2017 among the ‘Best and Brightest Companies to Work for in the Nation®’ and Atlanta’s ‘Best and Brightest Companies to Work For®.

Lopez said, “Kim has really focused on the whole employee experience, from hiring to orientation to continual engagement, recognition, and rewards. Our employees see that and feel that, and it truly makes a difference with retention and recruitment. She is an energetic, passionate, and creative HR leader who inspires her team and her colleagues each and every day.”

Before joining AGS, Nasuta served as Vice President of Human Resources for the Lucky Dragon Hotel & Casino. Previously, she was the Director of Human Resources for SK + G, a full-service marketing agency based in Las Vegas.

• AGS is the only gaming equipment supplier named to the prestigious list 
• Company honored in 2018 and 2017 with national and Atlanta wins for commitment to employees, exceptional corporate culture
• AGS employees completed confidential survey as part of evaluation to win award

LAS VEGAS – January 8, 2019 – AGS, (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that it won the ‘Best and Brightest Companies to Work For in the Nation®’ award for 2018 –the second year in a row that AGS has won this coveted distinction.

AGS also won Atlanta’s 2018 and 2017 Best and Brightest Companies to Work For®, a testament to the Company’s employee-focused culture at its R&D centers in the Atlanta, Georgia metro area.

Out of the 2,400 companies that submitted nominations for the 2018 Best and Brightest national award, only 512 were named to prestigious Best and Brightest list.

AGS was selected by an independent research firm following a confidential survey of all U.S. employees that evaluated key measures in various categories, including compensation, benefits, and employee solutions; employee enrichment, engagement, and retention; employee education and development; recruitment, selection, and orientation; employee achievements and recognition; communication and shared vision; diversity and inclusion; work-life balance; community initiatives; and strategic company performance.

AGS President and Chief Executive Officer David Lopez said, “We are elated to win the nation’s Best and Brightest Companies to Work For® two years in a row and dedicate this award to our employees. 2018 was an incredible year for AGS. We took the Company public and are now listed on the New York Stock Exchange, received key approvals that are fueling our growth, and announced several strategic acquisitions that will accelerate our momentum. But few events are as meaningful for us as this win, which underscores and recognizes our focus on having a great corporate culture in which our team loves coming to work every day, takes great pride in contributing to our shared success, and passionately believes in our mission and values.”

Sponsored by the National Association of Business Resources, the 8^th annual ‘Best and Brightest Companies to Work For® in the Nation’ not only honors organizations as Best and Brightest Companies to Work For®, but also celebrates achievement and success in empowering employees’ lives through culture, diversity, and community engagement.

Strategic Move Grows AGS's Recurring Footprint and Presents Opportunity for Yield Optimization

LAS VEGAS – December 17, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS”, “us”, “we”, or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced it has entered into a definitive agreement (the “Agreement”) to acquire all issued and outstanding common shares of Integrity Gaming Corp. (TSX-V: IGAM) (OTCQX: IGAMF) (“Integrity”) for a cash payment of CAD$0.46 per share or a total transaction value of USD$49 million, which includes repaying USD$36 million of Integrity’s outstanding debt.

The transaction is expected to be funded with cash on the balance sheet and to close in the first half of 2019, subject to approval by Integrity’s shareholders, receipt of applicable regulatory, court, and third-party approvals, and other customary closing conditions.  In fiscal 2017, Integrity generated revenue of approximately USD$16 million and pre-synergy EBITDA of approximately USD$9 million. As a result of revenue optimization and other efficiencies, the Company expects that adjusted EBITDA will grow at approximately 15 percent on an annualized and non-GAAP basis, beginning in fiscal 2019.

AGS Senior Vice President of Slot Products Andrew Burke said, “The Integrity team has built a strong business, with an installed base of more than 2,700 Class III and Class II games in Oklahoma and Texas, partnering with some of the largest tribal gaming operators in the United States. AGS’ roots are in Oklahoma, and we are excited to invest further in a market we are so passionate about and where we already have strong sales and customer support networks. We look forward to working in partnership with the Integrity team to provide Integrity’s customers with an exceptional service and support experience and a continued focus on driving optimal game performance.”

Integrity Interim Chief Executive Officer Robert Miodunski said, “We strongly believe this is a good transaction for our company and that our customers will benefit from AGS’ deep roots in Oklahoma and its proven ability to successfully manage a large footprint of leased games to drive strong performance for gaming operators. We look forward to working closely with the AGS team to ensure a smooth transition and continuity of service and support for our customers. I am proud of the Integrity team and the success we have achieved over our more than 20 years.”

Integrity owns slot machines manufactured by various slot suppliers, including AGS, in approximately 30 tribal casinos in Oklahoma and Texas and also offers direct sales of other gaming products and supplies.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Blake, Cassels & Graydon LLP served as legal advisors to AGS.

Company to Provide Entertaining Game Content to UK’s Leading Multi-Channel Gaming Operator

LAS VEGAS, December 13, 2018 –  AGS (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table games, and interactive products and services for the global gaming industry, today announced an agreement to provide third-party slot content aggregation for real-money wagering to the UK’s leading multi-channel gaming operator The Rank Group Plc. (“The Rank Group”) for its iconic brands Mecca and Grosvenor Casino.

Under this agreement, AGS’s iGaming Platform will provide The Rank Group with a seamless aggregation solution and access to AGS’s full library of content partners, including more than 600 games from best-in-class game developers including 1x2 Gaming, Ainsworth Game Technology, Gaming Realms, and Reflex Gaming, among others. A large library of AGS games, designed by its global in-house creative studios and proven in land-based casinos, will soon be available as well.

AGS Interactive Senior Vice President Bryan Bennett said, “We’re thrilled to partner with The Rank Group and Mecca Bingo, one of the UK’s most recognizable and well-respected brands, to deliver world-class game content through our Remote Game Server and aggregation platform. Not only will we offer The Rank Group a large library of content suppliers who are world-recognized for delivering outstanding player experiences, but we will soon be including player-proven AGS game content, developed by our own passionate and creative studios.”

Bhotesh Maheshwari, Head of Product for The Rank Group, said, “AGS’s game library has a lot of content that we previously didn’t have access to. Their wide variety of games, coupled with our extensive player base and broad reach, will help ensure that we continue to deliver an outstanding player experience that consistently engages our customers.”

· Relax Gaming bidding to rapidly take a leading position for global distribution

· AGS’ iGaming platform extends its global aggregation reach and profile via reciprocal partnership with Relax Gaming

· A new era of two-way aggregator collaborations

St. Julian’s, MALTA and LAS VEGAS: November 27, 2018 – Relax Gaming, the innovative casino games and platform supplier, and AGS (“AGS” or the “Company”) (NYSE: AGS), owner of quality, proprietary titles as well as distributor of best-of-breed third-party content, today announced a monumental reciprocal platform-to-platform agreement. Under the terms of the agreement, Relax Gaming and AGS will become key distribution partners to global operators for each other’s game content.

Popular products from AGS and its selected partners will be made available to Relax Gaming’s growing network of operators, with AGS reciprocating by hosting games from Relax Gaming and its Silver Bullet and Powered By studios. This is a significant development within the platform aggregation industry, in which two highly respected platforms join forces to widen distribution to their operator bases.

Relax Gaming Chief Executive Officer Daniel Eskola said, “We are proud to have forged this deal with AGS and we look forward to being the foremost distributor of this exciting product portfolio in Europe’s regulated markets.

Transparency and open communication are central to our new proposition as we continue to put our strategy for global distribution and collaboration into practice. We’re taking great strides towards building one of the most comprehensive content networks, with a benchmark for quality and a fresh and dependable approach to delivery. We’re grateful that this has been recognized by a provider that is as respected as AGS.”

AGS President and Chief Executive Officer David Lopez said, “This agreement further builds our presence in Europe with one of the industry’s most forward-thinking platform providers. We are excited to be able to release our quality proprietary and aggregated content to Relax Gaming and, in turn, receive reciprocal, best-of-breed titles for our expanding operator base. This is an important partnership and we look forward to capitalizing on this opportunity with Relax Gaming.”

Relax Gaming is well-positioned to become a new breed of supplier, offering fresh content and over 280 games, including proprietary slots titles such as Erik the Red, Zombie Circus, and Epic Joker. With a rapidly expanding portfolio, the partnership with AGS stands to benefit not only Relax, but its Silver Bullet and Powered By partners as well.

Following its recent acquisition of Gameiom, AGS is poised to release its proprietary game content that has seen so much success in the U.S. land-based casino markets. Along with a growing library of partner titles, the AGS iGaming Platform features more than 1,000 quality games to offer to the online global industry.

iGaming Veteran Brings Extensive Online Gaming Industry Knowledge

LAS VEGAS – November 13, 2018 – AGS (“AGS” or the “Company”) (NYSE: AGS), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that Glen Bullen has joined the Company as Commercial Director for its AGS Interactive division.

Bullen will be based in AGS’ Gibraltar office, and will focus on supporting the Company’s existing Gibraltar-based licensed operators in the real-money gaming space, as well as expanding AGS Interactive’s growth into regulated markets across Europe.

Bullen’s long tenure in the online gaming industry includes numerous senior business-to-business (“B2B”) commercial roles with leading providers such as EveryMatrix, Lottoland, Odobo, CyberArts, Chartwell Technology, and WagerWorks.

AGS Executive Vice President Matt Reback said, “We are thrilled to have Glen join our AGS Interactive team and look forward to leveraging his broad-based knowledge of the online gaming industry and his proven track record of establishing and maintaining strategic partnerships and delivering best-in-class solutions.”

Bullen said, “I’m very excited to be a part of the AGS Interactive team. I’ve known the principals behind the AGS core platform for a number of years, and I’ve always admired them both personally and for the success they so quickly achieved. I’ve never met a more knowledgeable, experienced, and passionate group of people than those at AGS, with such a clear focus on making a major impact in the online gaming space in a very short time.”

Former American Gaming Association President and CEO Brings Gaming, Hospitality Experience and Track Record of Success

LAS VEGAS – November 9, 2018 – AGS, (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced Geoff Freeman has been appointed to its Board of Directors.

Freeman, who stepped down from his role as President and Chief Executive Officer of the American Gaming Association (“AGA”) in August, is now the President and Chief Executive Officer of the Grocery Manufacturers Association, the leading representative of the $2.1 trillion food, beverage, and consumer products industry.

AGS President and Chief Executive Officer David Lopez said, “We are excited to welcome Geoff as a new independent director to the AGS Board. Not only does he have a proven track record of effecting significant positive change in our industry, he is a recognized and respected business leader who brings deep strategic, operational, and market development experiences that span across multiple industries. Geoff is an extraordinary executive and a great cultural fit who brings a new perspective to our Board and will be invaluable to the continued growth and success of AGS.”

During his five-year tenure at the helm of the AGA, Freeman led the trade organization to monumental successes that have forever changed the face of the gaming industry, including expanding the organization’s membership by 200 percent; overturning the Professional and Amateur Sports Protection Act of 1992 (PASPA), which led to legalized sports betting in the U.S.; significantly improved relationships between tribal and commercial gaming operators; spearheading the AGA’s Get to Know Gaming campaign focused on the economic benefits of gaming; and delivering a successful campaign to prevent the IRS from lowering the reporting threshold on slot winnings.

Freeman said, “I’m honored to join the AGS Board of Directors at such an exciting time in the company’s growth journey. Having worked closely with David Lopez and the entire AGS leadership team on numerous initiatives, including their annual GameON Customer Summit, I’m excited to help this passionate, experienced, innovative, and intelligent team take the Company to the next level. I have tremendous respect for the AGS Board, and I look forward to working with them to help AGS continue its momentum.”

Before joining the AGA in May 2013, Freeman served in numerous high-level roles, including Chief Operating Officer for the U.S. Travel Association; Vice President, Issue Management for APCO Worldwide; Director, Government Affairs and Strategic Outreach for Freddie Mac; and Director, Strategic Planning and Public Affairs for the American Association of Health Plans. He earned a Bachelor of Arts in Political Science/Public Policy from University of California, Berkeley.

Company’s Single-Deck Card Shuffler Improves Operating Efficiencies in Poker Rooms, Casino Pits LAS VEGAS – October 9, 2018 – PlayAGS, Inc. (NYSE: AGS)(or the “Company”), through its subsidiary AGS LLC (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that its Dex S single-deck card shuffler was approved by Gaming Laboratories International (“GLI”). AGS Senior Vice President of Table Products John Hemberger said, “We couldn’t be more excited about the GLI certification of our Dex S shuffler, which enables us to actively market and place the product with our many casino partners who have expressed great interest in our highly functional, economical, and elegantly designed shuffler. This is a huge milestone for AGS.” AGS’ Dex S™ single-deck card shuffler features a streamlined design with less moving parts, making it exceptionally functional and easier to maintain. The Dex S is ideal for increasing efficiency in poker rooms, due to its automated card shuffling, which shuffles a single deck in 35 seconds.

Pennsylvania Licenses Pave Way for AGS to provide slot games, table products to state’s 12 casinos LAS VEGAS – October 8, 2018 – AGS (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that it was awarded a slot machine manufacturer license and table games manufacturer license by the Pennsylvania Gaming Control Board and will now be able to place product in the Commonwealth's 12 casinos. AGS President and Chief Executive Officer David Lopez said, “The two Pennsylvania licenses represent a huge milestone for AGS, as we continue to expand our presence into new markets for our company. Now, we can offer our high-performing slot cabinets, game content, table games, and table equipment to the thriving Pennsylvania gaming market. This is huge news for AGS and we can’t wait to start talking to Pennsylvania’s gaming operators about how we can deliver a great player experience and operating efficiencies with our innovative slot and table solutions.” The Company expects to begin placing product in Pennsylvania in early 2019. Pennsylvania’s casino industry currently consists of 10 standalone and racetrack casinos, along with two resort casinos, generating approximately $1.4 billion in tax revenue from slot machine and table games play.

Significant milestone towards successful completion of credit-improvement initiatives

LAS VEGAS – October 8, 2018 – AGS (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that it has successfully repriced its existing $509 million in Term B Loans, and secured commitments from lenders for an additional $30 million in terms loans under its existing credit agreement.

The Term B Loans amendment, effective October 5, 2018, reduced the interest rate spread 75 basis points from LIBOR plus 425 basis points to LIBOR plus 350 basis points. The LIBOR floor remains at 100 basis points. The interest rate reduction will be 100 basis points if, at any time, the Company receives a corporate credit rating of at least B1 from Moody’s. As a result of the repricing, the Company expects to realize annual cash interest savings of approximately $3.8 million. The repriced term loans continue to be due in full in February 2024.

The new $30 million term loan facility closed and funded October 5, 2018. Initial drawn pricing for the aggregate amount of the outstanding term loan is set at LIBOR plus 350 basis points.

AGS intends to use the proceeds from the financing for general corporate purposes and additional capital to accelerate growth.

AGS President and Chief Executive Officer David Lopez said, “We have been very pleased with the strong support among our lenders, which has resulted in reduced interest rates and very attractive terms for our new loan facility. Today’s announcement represents another milestone towards AGS’ growth and commitment to a strong credit profile.”

 

Vegas Golden Knights Ambassadors to Open Show, Make Appearances in AGS Exhibit and G2E Lobby

LAS VEGAS – October 5, 2018 – AGS (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, is bringing Vegas Golden Knights fanfare to the Global Gaming Expo (“G2E”) as part of its corporate partnership with the National Hockey League (“NHL”) franchise.

What: AGS is bringing ambassadors from the Vegas Golden Knights to officially open G2E – the world’s largest conference and trade show for global, commercial, and tribal gaming professionals. The team’s mascot – Chance– as well as their Golden Aces promotional team and Knight Line presented by Drumbots, will officially “open” G2E with a high-energy procession from the G2E Lobby to AGS’ Booth No. 1253.

The Golden Aces, Chance, and the Drumbots will also be available during G2E for photo opportunities, both in AGS’ Booth No. 1253 and in the G2E Lobby near registration.

Who: Vegas Golden Knights Golden Aces, Knight Line, and team mascot Chance.

Why: This high-energy event, which will begin in the G2E Lobby near the Registration area and culminate in a parade through the G2E exhibit area, will serve as the official opening of G2E 2018, setting the stage for an enthusiastic and productive show.

Who Should Attend: The media, G2E exhibitors, and all show attendees.

When:

Tuesday, October 9

• 10 a.m.: G2E Lobby near registration, with a parade to AGS Booth No. 1253 for the official G2E opening
• 10:30-11 a.m.: Photo opportunities with Chance, Golden Aces, and Knight Line in AGS Booth No. 1253
• 11 a.m.-12 noon: G2E Lobby near registration for photo opportunities with the Golden Aces, Knight Line
• 12 noon-1 p.m.: Photo opportunities with Chance in G2E Lobby near registration

Wednesday, October 10

• 10-11 a.m.: Photo opportunities with Chance in G2E Lobby near registration
• 11 a.m.-1:15 p.m.: Photo opportunities with Chance, Golden Aces, and Knight Line in G2E Lobby near registration
• 1:30-2 p.m.:  Photo opportunities with Chance, the Golden Aces, and Knight Line in AGS Booth No. 1253

Where: The event will begin in the G2E Lobby and continue in a parade through the exhibit area, ending at AGS’ exhibit No. 1253, where Vegas Golden Knights ambassadors will hand out branded T-shirts and hockey pucks and participate in photo opportunities. AGS executives will be on hand for short interviews about the Company’s corporate partnership with the Vegas Golden Knights and AGS’ G2E product showcase.

Taking center stage in its G2E booth, AGS will display Vegas Golden Knights-themed roulette signage, a promotional- use only Vegas Golden Knights Big Red slot machine, and the Company will unveil its 2018 Obsessed with the Game video, which features a hockey theme and highlights AGS’ award-winning company culture.

Media Contact: For interviews with AGS executives about the Company’s corporate partnership with the Vegas Golden Knights, please contact Laura Olson-Reyes, Vice President of Marketing and Communications, at 702-349-1223 or lolson-reyes@playags.com.

·  Boguslawski honored with Great Women of Gaming’s ‘Leadership’ Award; Named to 2018-2019 Class of ‘Emerging Leaders of Gaming 40 Under 40’

 

·  Company’s Chief Marketing Officer, EVP of Investor Relations Credited with Helping Elevate Corporate Brand and Overseeing Launch of Robust Investor Relations Program Following Company’s IPO Earlier This Year

LAS VEGAS, October 4, 2018 –  AGS (NYSE: AGS), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that Julia Boguslawski, the Company’s Chief Marketing Officer and Executive Vice President of Investor Relations, has received two of the gaming industry’s leading awards: Great Women of Gaming –Leadership and Emerging Leaders of Gaming 40 Under 40. She will accept both awards next week during the Global Gaming Expo at the Sands Expo® in Las Vegas.

The Great Women of Gaming Leadership award recognizes Boguslawski for being a leader with a proven track record and a high level of achievement, serving as a role model to other women in the gaming industry. Nominations were judged by an esteemed committee of 18 gaming leaders from across the industry.

Boguslawski was also named to the 2018-2019 class of the Emerging Leaders of Gaming (“ELG”) and is being recognized as an ‘ELG 40 Under 40’. Produced in conjunction with The Innovation Group, Global Gaming Business magazine, and Emerging Leaders of Gaming, the significant award recognizes women and men in the gaming industry under the age of 40 who embody leadership roles and have contributed above and beyond expectations to their organizations and the gaming industry. Boguslawski was selected by a combined Global Gaming Business and The Innovation Group advisory board from nominations solicited through an open call to the industry.

AGS President and Chief Executive Officer David Lopez said, “I have had the opportunity to work with Julia at Shuffle Master and now AGS; she’s a strong leader who is a fierce advocate for our industry. At AGS, she has dramatically elevated our marketing and communications programs, and following our IPO in January, launched a robust investor relations program and has played a key role in nearly doubling our stock price and significantly raising our visibility with investors, analysts, and the media. With so many deserving leaders at AGS and in our industry, it is an honor to congratulate Julia on receiving not one, but two, of the most prominent awards in our industry. Her impact is felt far beyond AGS, and I’m sure Julia’s contributions to our industry will continue for many years to come.”

Before joining AGS, Boguslawski was the Chief of Staff at Scientific Games, where she led corporate communications, corporate social responsibility, and served as a senior advisor to the executive team at the $4 billion global gaming, lottery, and digital supplier.

Prior to that, she served as the Vice President of Global Marketing at Bally Technologies, where she oversaw corporate, product, and field marketing, trade shows and events, and corporate communications and community relations.

In 2008, Boguslawski started her gaming career at Shuffle Master, managing dual roles as Vice President of Investor Relations and Vice President of Corporate Communications.

She was recognized in the “40 Under 40” awards by VEGAS Inc. and received the 2013 “Great Women of Gaming – Rising Star” award. Boguslawski earned an MBA from Rollins College in Winter Park, Florida.

Multi-level progressive brings unprecedented player excitement to table games

LAS VEGAS – October 4, 2018 – AGS (NYSE: AGS) (or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced that its STAX™ table-game progressive received the top Gold award in the 2019 Gaming & Technology Awards for ‘Best Table-Game Product or Innovation’.

AGS Senior Vice President of Table Products John Hemberger said, “We are thrilled to see STAX win this industry-leading recognition for its ability to generate tremendous excitement in the casino pit and drive revenue for gaming operators. The brilliant two-sided progressive display is an attention-getter itself, but when you couple it with multi-level and must-hit-by jackpots, STAX truly transforms basic games like blackjack by adding anticipation and more ways to win.”

STAX was selected among numerous table-game products for this prestigious award, sponsored by Global Gaming Business magazine, which recognizes innovative developments in table-game products. A panel of esteemed judges from across the industry selected the winners. STAX also received Casino Journal’s 2017 ‘Top 20 Most Innovative Gaming Technology Award’.

AGS’ STAX is a highly configurable table games progressive system which offers various wagering options, along with multiple levels and distinct pools, to seamlessly transform basic games like blackjack, as well as AGS’ player-favorite proprietary games like Chase the Flush™ and Criss Cross Poker™. Easily integrated onto games, STAX uses AGS’ existing, approved Bonus Spin™ hardware for seamless installation and game changes.

Company to showcase new Orion cabinet, rich library of new game content, host of table solutions

LAS VEGAS – October 1, 2018 – PlayAGS, Inc. (NYSE: AGS), through its subsidiary AGS LLC (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, is obsessed with the game, and nowhere will this be more obvious than in the Company’s nearly 7,000 square foot exhibit No. 1253 at the Global Gaming Expo (“G2E”) October 9-11 at the Sands Expo® and Convention Center in Las Vegas.

This year, AGS will showcase more than 80 slot and table games, along with its full host of AGS Interactive solutions – all designed to deliver an exceptional player experience and help gaming operators boost their bottom line.

AGS President and Chief Executive Officer David Lopez said, “We have had a monumental year because of our team’s relentless focus on innovation, customer partnerships, and culture. The results of our hard work will all culminate at G2E, where the strength of our business will be on full display. We’re excited to give customers an early peek at our third Orion? cabinet and demonstrate our large library of new game titles, expanding table products portfolio, and new mobile solutions proven to drive off-property revenue and engagement. It’s an exciting time at AGS and visitors to our booth will feel that energy.”

Obsessed with the Player Experience

In the Company’s expansive games display, AGS will highlight a host of engaging game content for its Orion Portrait, Orion Slant, and ICON™ platforms, designed to delight players and drive revenue for Class II and Class III markets.

Taking center stage will be AGS’s newest cabinet innovation – the Orion Upright. This sophisticated new addition to the Company’s high-performing Orion family features dual 27-inch displays, a 21.5-inch LCD topper, LCD button deck, high bright accented bash buttons, a USB charger, and the Orion’s distinctive starwall design featuring 420 game-synchronized full-color LED lights for an innovative gameplay celebration. AGS is launching the Orion Upright with a library of exclusive new titles and AGS greatest hits.

For its Orion Slant platform, launched in May 2018 and already boasting an installed base of more than 630 games, AGS will highlight new Xtreme Jackpots® titles, along with the new Fai Cai Shu™ and Kingdom Ca$h® families which offer themed banking, linked progressive jackpots, and a variety of math models.

For its high-performing Orion Portrait platform, AGS will showcase nine new game titles, including the Diamond Streak™ family, Crystal Magic™, and six new Xtreme Jackpots games.

Obsessed with Performance in the Casino Pit

AGS continues to propel its table solutions business with a host of new proprietary table games and table solutions. Poker fans will love Vega$3™, a new twist on traditional three-card poker. Lucky 21 Bacc™ combines the excitement of baccarat and blackjack, while 100X Roulette™ takes roulette to the next level with a chance for a 100x payoff.

One of AGS’s must-see table attractions is Bonus Spin Xtreme™, a progressive side bet to transform table-game play. During this community or player-envy experience, players can win the chance to spin one of three virtual wheels which will generate multiple winners at the same table with each spin. The top award is a linked progressive jackpot, and smaller awards can include cash or casino-configurable non-cash prizes.

From its table equipment lineup, AGS will showcase the Dex S™ single-deck poker shuffler, featuring a streamlined design that is economical, durable, reliable, and exceptionally functional.

Obsessed with Mobile, Online Engagement

AGS Interactive will showcase its groundbreaking Social White-Label Casino, the industry’s only B2B mobile solution that offers events, contests, and other in-app Live Operations features to add new levels of excitement to casino-branded social games. Also on display – AGS’ new real-money gaming solution, which delivers a diverse variety of high-performing game content to the world’s premier online operators through AGS’ robust game aggregation platform.

Company to Sponsor New ‘Play of the Game’ Feature at Home Games; Partner with Team on Community, Employee Initiatives

LAS VEGAS: September 25, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the global gaming industry, today became the first gaming equipment supplier to enter into a multi-year corporate partnership with the Vegas Golden Knights National Hockey League franchise.

AGS will leverage this monumental corporate partnership, which allows AGS to sponsor the all-new “Play of the Game” feature at every Vegas Golden Knights home game on the videoboard, as part of its community outreach and employee engagement programs.  The AGS Play of the Game will replay and highlight a key moment from each home game. 

Vegas Golden Knights President Kerry Bubolz said, “Adding the fastest-growing gaming equipment supplier to our roster of team partners is a big milestone for our organization and we couldn’t be more thrilled about partnering with AGS. AGS has a renowned corporate culture and expanding global reach, enabling us to connect our brand to their employees and customers in Las Vegas, across the country, and around the world.”

AGS President and Chief Executive Officer David Lopez said, “AGS employees have been huge Golden Knights fans from the team’s inception, and we are excited to take our support and love for this team to another level as corporate partners, working together with the Golden Knights and other corporate partners such as Caesars Entertainment, MGM Resorts, Station Casinos, and The Cosmopolitan of Las Vegas, to name a few, to truly demonstrate our mutual obsession with the game.”

Lopez added, “Like the Las Vegas Golden Knights, we are ‘Vegas-proud’, with our worldwide headquarters in the Las Vegas Valley. And there are other similarities – we are relatively new players in the gaming supplier space and we have certainly been underestimated. Both AGS and the Golden Knights formed strong teams, came together quickly under a set of unique core values, and have never lost sight that winning is all about a cohesive team and character-driven culture.”

AGS will officially launch its Vegas Golden Knights partnership at the Global Gaming Expo (“G2E”) in Las Vegas Oct. 9-11 and will host appearances by the Golden Aces and the team mascot Chance the Gila monster, as well as other hockey-themed promotions and events.  Additionally, AGS will unveil a Vegas Golden Knights promotional-use slot machine on its large-format Big Red cabinet to further promote and build excitement around the partnership and showcase Vegas Golden Knights-themed roulette signage in its G2E booth No. 1253.

Along with sponsorship of the Play of the Game at all 44 Vegas Golden Knights pre-season, regular-season, and any post-season games, AGS will provide a title-night sponsorship and partner with the team and its ambassadors to promote the sport and the Vegas Golden Knights’ passion for the Las Vegas Valley through the Company’s outreach with not-for-profit community organizations.

Cabinet Enhances Sightlines, Features Popular Orion Starwall and Library of High-Performing Games

LAS VEGAS, September 13, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the gaming industry, today announced the launch of its new Orion Slant platform in Class II tribal markets following its introduction in Class III markets in May 2018. The Orion Slant is now approved in more than 42 jurisdictions across North America.

The first Orion Slant cabinets for Class II were installed at the Poarch Band of Creek Indians’ Wind Creek Hospitality locations last week in Atmore, Montgomery, and Wetumpka, Alabama. AGS currently has 15 Class II slot titles available for the Orion Slant, with more games in development.

AGS’s Orion Slant cabinet is the newest member of its Orion family, following the success of the award-winning Orion Portrait platform introduced in 2017 and named one of the top 20 most innovative gaming technology products of that year.

Wind Creek Hospitality Corporate Director of Class II Gaming Operations Trenton Daughtry said, “We appreciate the opportunity to be the first property to install the Class II version of AGS’s Orion Slant. We pride ourselves on striking a good balance between player-favorite classics and new products; this is an exciting opportunity to offer an eye-catching new platform and new game content to our players.”

Although only introduced in Class III markets in May 2018, by August 31, 2018 there were already 630 Orion Slant units installed in 62 casino properties across North America. AGS introduced the sophisticated platform with three engaging titles – Dragon Fa, Phoenix Fa, and Tiger Fa. These high-volatility Asian-themed games feature AGS’s Xtreme Jackpots local-area progressives, PowerX Stream Evaluation, up to 10 free spins, and a progressive pick bonus. The Company recently added four additional titles– Aztec Gold, Fu Nan Fu Nu Lucky Dragons, Toro Gordo, and Vegas Gold – and will have a library of nearly 30 titles by the end of 2018.

AGS Senior Vice President of Slot Products Andrew Burke said, “We soft-launched the Orion Slant a couple months ago and it is already outpacing our expectations. The Orion Slant’s presentation package, with its unique starwall design in a lower-profile cabinet, attracts players from across the casino floor, and the games available for the platform combine to deliver an exceptional player experience.”

The brilliantly engineered Orion Slant delivers dramatic attraction and gameplay excitement, with an optional 21.5-inch LCD HD topper; dual LCD HD monitors; an optional ergonomic LCD digital multi-touch button deck; and a U-shaped starwall design featuring 420 game-synchronized full-color LED lights for an innovative gameplay celebration.

The starwall’s striking ring of emotive lights surrounds the Orion Slant’s gameplay HD LCD touchscreen monitor and can be configured to change colors and patterns on each machine or across entire banks for an engaging experience that corresponds to each feature within the game. The latest HD audio, along with a self-contained subwoofer, intensifies gameplay with a cinematic theater surround-sound experience.

The cabinet also features a USB charging port; large button deck for increased player comfort; and an optional 10.1-inch LCD button panel for a familiar digital multi-touch player user interface.

To help gaming operators effectively manage labor costs, the Orion Slant is engineered with a design that makes maintenance and service faster and easier, including centrally located locks, full-service access, and a uniquely engineered latch pin design.

World’s Leading Provider of Transparent and Independent Ratings Upgrades AGS on Improved Leverage

LAS VEGAS, September 5, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table games, and interactive products and services for the gaming industry, today announced that S&P Global Ratings (“S&P”) has upgraded the Company’s corporate and credit facility rating from a B to a B+.

S&P upgraded AGS based on improvements in EBITDA, cash flow, and adjusted leverage, driven by performance of its newest slot cabinets and the Company’s relatively high EBITDA margins compared to its peers.

AGS Chief Financial Officer Kimo Akiona said, “This ratings upgrade by S&P reflects the significant progress that we have made over the past few years in top-line growth, cash flow generation, and deleveraging. It’s exciting news for AGS following our momentous second quarter results, in which we announced records in revenue, adjusted EBITDA, recurring revenue, sales revenue, average selling prices, and domestic revenue per day, as well as notable progress in our yield optimization strategy.”

Akiona added, “We will continue to focus on financial discipline, which will fuel opportunities to further invest in growthand maintain a strong financial position to support near-term opportunities and longer-term strategic investments in our business.”

LAS VEGAS, August 29, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the global gaming industry, today announced the appointment of Laura Olson-Reyes as Vice President of Marketing and Communications.

Olson-Reyes brings more than 20 years’ experience to the role at AGS, where she will oversee various marketing initiatives, external and internal communications, and community relations.

AGS Chief Marketing Officer and Executive Vice President of Investor Relations Julia Boguslawski said, “We’re very excited to welcome Laura to the AGS family. Her vast experience across many facets of gaming on both the operator and supplier side, her proven ability to build brand awareness, her creativity and well-honed communications expertise, and her passion for this industry are a powerful combination as AGS drives greater momentum in the marketplace. The team looks forward to working with Laura on new initiatives to elevate the AGS brand and bring new perspectives to promote our one-of-a-kind products, people, and corporate culture.”

Over the course of her long career, Olson-Reyes has held numerous corporate roles and served as an independent consultant. Most recently, she served three years as the Executive Director, Community and Corporate Relations for Scientific Games, where she had responsibilities for external and internal communications, executive visibility and thought leadership, and corporate social responsibility. Before that, she served more than seven years as the Senior Director of Corporate Marketing and Communications at Bally Technologies, where she led a team that won 30 awards for marketing and communications excellence, overseeing product marketing, corporate communications, and community relations.

Olson-Reyes’ gaming and technology industry experience also includes marketing roles with gaming operators Caesars Entertainment and Stratosphere Casino Hotel & Tower.

She earned a Bachelor of Arts degree in Print Journalism from the University of Montana.

Company Strikes Monumental Deal with Leading Sports Betting and Gaming Group, Giving GVC Access to 600+ Games

LAS VEGAS, August 28, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table games, and interactive products and services for the global gaming industry, today announced an agreement to provide third-party slot content aggregation for real-money wagering to GVC Holdings PLC (“GVC”), one of the world’s largest sports betting and gaming groups.

Under this agreement, AGS’s iGaming Platform, acquired through the June 2018 purchase of Gameiom Technologies Limited, will provide GVC with a seamless aggregation solution and access to AGS’s full library of aggregation partners and more than 600 games from well-respected game developers including 1x2 Gaming, AGS, Ainsworth Game Technology, Gaming Realms, and Reflex Gaming, among others.

AGS President and Chief Executive Officer David Lopez said, “Partnerships like this one with GVC, which owns such powerful brands as Ladbrokes, Coral, bwin, partypoker, Sportingbet, PartyCasino, and Foxy Bingo, are exactly why we acquired Gameiom. Through our powerful iGaming Platform, we will provide GVC with robust and secure delivery of AGS and third-party slot content for an incredible online and mobile player experience that truly gives GVC an edge in the competitive real-money gaming space.”

GVC Head of Content and Commercial Management Andy Whitworth said, “As a real-money gaming aggregator, AGS, with the recent acquisition of Gameiom, already has an impressive portfolio of content and is committed to bringing on more high-quality suppliers to ensure we give our customers an exciting player experience and diverse library of games and play features. That, coupled with AGS’s robust, scalable, and easily integrated iGaming Platform, gave us the confidence to enter into such an important agreement that we expect to grow with time.”

LAS VEGAS (August 23, 2018) —Aristocrat Technologies (“Aristocrat”) and PlayAGS, Inc. (“AGS” or the “Company”) today announced that they have mutually agreed to resolve all claims associated with the lawsuit Aristocrat filed in March 2018 in regards to the Buffalo™ game series. In connection with the settlement, AGS has agreed to assign certain trademarks and trade dress rights to Aristocrat. All remaining terms of the settlement are confidential.

“We are pleased to have resolved this case with a positive outcome that we believe protects Aristocrat’s market-topping Buffalo brand, as well as the Buffalo franchise and associated intellectual property,” said Aristocrat’s Managing Director of the Americas Matt Wilson. “Our brand assets and intellectual property are core to Aristocrat’s business, and we will continue to defend them vigorously going forward.”

AGS Executive Vice President Matt Reback said, “We are pleased to have worked cooperatively with the Aristocrat team to quickly resolve the situation in a fair and equitable manner.”

Proven AGS Sales Leader Assumes New Responsibilities, Territories

LAS VEGAS, August 22, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the global gaming industry, today announced the promotion of Alan Siegel to Vice President of East Coast Sales.

Siegel, who most recently served as Director of East Coast Sales for AGS, joined the Company in 2009 and was instrumental in opening the Florida market for AGS. His role then expanded to oversee the entire Eastern Seaboard from Maine to Florida, where he led the region to impressive growth. Over the past two years alone, unit sales in Siegel’s territory have increased by 935 percent; game sales revenue has increased 1,296 percent; and recurring revenue has grown nearly 30 percent.

As Vice President of East Coast Sales, Siegel is now responsible for overseeing the Company’s sales team and business development in Canada, along with continuing responsibility for the Eastern Seaboard.

AGS Senior Vice President of Sales Robert Perry said, “Alan is a proven sales leader who drives a culture of success, consistently exceeding his sales objectives through product and market knowledge, business savvy, and his ability to build and maintain strong customer partnerships. We are excited to see Alan assume even greater leadership over our fast-growing East Coast business and the burgeoning Canadian market, where we are just getting started and have so much potential.”

Perry added, “In Canada, Alan will work alongside Jason Cocklin, our National Sales Manager, to capitalize on opportunities and the considerable upside as we continue to enter new provinces. Jason brings 22 years of experience in Canada on the operator and supplier sales side, and his tenure and strong relationships, combined with Alan’s proven leadership and performance-driven focus, are going to be a strong combination as we continue to accelerate our business in Canada.”

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 remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly rated social casino, online real-money gaming solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Visit www.playags.com to learn more.

LAS VEGAS, August 21, 2018 –  PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines, table games, and interactive products and services for the gaming industry, today announced that it entered an agreement to provide AGS’s Social White-Label Casino (“Social WLC”) to PokerStars Play, the play-money and social gaming brand of The Stars Group, as part of its slot-focused social casino portfolio. The Stars Group is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries.

PokerStars Play will deploy AGS’s Social WLC, a powerful, turn-key mobile and web casino solution that delivers an interactive social gaming experience which players can enjoy at home, work, and on-the-go through iOS or Android devices and via the web.

Lloyd Melnick, Director of Social Gaming at PokerStars, said, “When we had the opportunity to work with AGS to extend our social casino portfolio, we were impressed with their proven, high-performing la

nd-based content and broad range of non-slots games.  Their offering is a good fit with what our existing customers are looking for and we are excited to offer our community of millions of registered playe

rs an incredible AGS experience.”

AGS President and Chief Executive Officer David Lopez said, “It is an honor and an important milestone in the growth of our AGS Interactive business that The Stars Group, one of the largest online gaming businesses in the world, with millions of registered players, selected us to power their first social casino focused on slot content following their incredible success in online poker. We feel confident that this is just the beginning of our relationship with The Stars Group as we deliver a large library of proven social and land-based slot content through our Social WLC.”

The AGS Social WLC delivers over 40 proven land-based and social slot games along with popular in-app features like tournaments, live events, charms, progressive jackpots, and VIP status. Social WLC strengthens player relationships through highly segmented in-app messaging and push notifications and offers more monetization opportunities through targeted promotions and live events. Deep analytics, live operations, promotions, live events, and VIP management help ensure a solid, secure and long-lasting revenue stream.

LAS VEGAS, August 13, 2018 – PlayAGS, Inc. (NYSE:AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the closing of its previously announced secondary public offering of shares of the Company’s common stock by Apollo Gaming Holdings, L.P. (the “Selling Stockholder”) at a price to the public of $29.25. The offering amounted to 5,500,000 shares. The underwriters will have a 30-day option to purchase up to an additional 825,000 shares of common stock from the Selling Stockholder.  The Company did not sell any shares and did not receive any proceeds from the offering.

Credit Suisse, Deutsche Bank Securities, Jefferies, and Macquarie Capital acted as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel, and SunTrust Robinson Humphrey acted as joint book-running managers for the offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P., and Apollo Global Securities acted as co-managers for the offering.

The offering was made only by means of a prospectus.  A copy of the prospectus relating to the offering may be obtained from any of the following sources:

• Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com;
• Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at (800) 503-4611, or by email at prospectus.CPDG@db.com;
• Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2^nd Floor, New York, NY 10022, or by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or
• Macquarie Capital (USA) Inc., Attention: Syndicate Department, 125 West 55^th Street, L-22, New York, NY 10019, or by telephone at (212) 231-0440 or by email at MacquarieEquitySyndicateUSA@macquarie.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

LAS VEGAS, NV, August 8, 2018 – PlayAGS, Inc. (NYSE:AGS) (“PlayAGS”, “AGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the pricing of a secondary public offering of 5,500,000 shares of the Company’s common stock by Apollo Gaming Holdings, L.P. (the “Selling Stockholder”) at a price to the public of $29.25 per share.  The underwriters will have a 30-day option to purchase up to an additional 825,000 shares of common stock from the Selling Stockholder.  The Company is not selling any shares and will not receive any proceeds from the offering.

Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are acting as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities are acting as co-managers for the offering.

The offering is being made only by means of a prospectus.  A copy of the prospectus relating to the offering, when available, may be obtained from any of the following sources:

• Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com;
• Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at (800) 503-4611, or by email at prospectus.CPDG@db.com;
• Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2^nd Floor, New York, NY 10022, or by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or
• Macquarie Capital (USA) Inc., Attention: Syndicate Department, 125 West 55^th Street, L-22, New York, NY 10019, or by telephone at (212) 231-0440 or by email at MacquarieEquitySyndicateUSA@macquarie.com

A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

LAS VEGAS, NV, August 6, 2018 – PlayAGS, Inc. (NYSE:AGS) (“PlayAGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the commencement of a proposed secondary public offering of  5,500,000 shares of the Company’s common stock by Apollo Gaming Holdings, L.P. (the “Selling Stockholder”).  The underwriters will have a 30-day option to purchase up to an additional 825,000 shares of common stock from the Selling Stockholder.  The Company is not selling any shares and will not receive any proceeds from the proposed offering.

Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are acting as joint book-running managers and as representatives of the underwriters for the proposed offering.  BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are acting as joint book-running managers for the proposed offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities are acting as co-managers for the proposed offering.

The offering will be made only by means of a prospectus.  A copy of the preliminary prospectus relating to this offering, when available, may be obtained from any of the following sources:

• Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com;
• Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at (800) 503-4611, or by email at prospectus.CPDG@db.com;
• Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2^nd Floor, New York, NY 10022, or by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or
• Macquarie Capital (USA) Inc., Attention: Syndicate Department, 125 West 55^th Street, L-22, New York, NY 10019, or by telephone at (212) 231-0440 or by email at MacquarieEquitySyndicateUSA@macquarie.com

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

LAS VEGAS, July 30, 2018 /PRNewswire/ -- – PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company"), a leading designer and supplier of electronic gaming machines, table products, and interactive solutions for the global gaming industry, today announced that after a highly successful field trial, Alberta Gaming, Liquor & Cannabis ("AGLC") has awarded the Company its first large order.

AGS will install 132 Orion Portrait cabinets and four of its best-performing games in 24 locations throughout the Canadian province. The AGS contract award follows a field trial of 24 Orion Portrait games that generated performance above house average and provided a positive player experience.

AGS Senior Vice President of Slot Products Andrew Burke said, "We are excited about entering the Alberta market with a large order to install 132 of our award-winning Orion Portrait cabinets, together with our player-favorite game content, to drive revenue that supports so many worthwhile charitable organizations in Alberta communities. We appreciate AGLC's confidence in AGS and look forward to a long and successful relationship providing games that entertain Alberta's players."

The AGS Orion Portrait cabinets being delivered into Alberta will feature four AGS top-performing games – Fu Nan Fu Nu, River Dragons, Olympus Strike, and Fire Wolf II. The games will be installed in early August.

LAS VEGAS, June 19, 2018 – AGS (“the Company") (NYSE: AGS) announced today it has acquired Gameiom Technologies Limited (“Gameiom”), a UK and Gibraltar licensed iGaming aggregator and content provider for real-money gaming (“RMG”) and sports-betting partners. This transaction bolsters AGS’ diverse product portfolio with the ability to offer iGaming operators some of the highest-performing game content in the marketplace through Gameiom’s remote game server (“RGS”). Under the terms of the transaction, AGS has acquired Gameiom for $5 million in cash and will integrate Gameiom to serve as the launchpad for the Company’s iGaming division, which will become part of its AGS Interactive business segment.

“In assessing RMG providers, AGS felt it was important to pursue a pure content aggregation and distribution platform as opposed to a direct-to-consumer iGaming operation,” said David Lopez, President and CEO of AGS. “Gameiom fits that bill perfectly – their platform enables AGS to distribute our industry-leading game content into many markets, including the U.S, establishing a real-money gaming solution designed to generate revenue for AGS and our partners. Gameiom’s RGS platform is flexible, scalable, robust, and open, capable of delivering hundreds of games and sports-betting integration to operators quickly and reliably. More importantly, Gameiom’s values align with our playbook – they are passionate, team oriented, aspire to win, and a bit obsessed with gaming, just like us.”

Matt Reback, Executive Vice President of AGS, added: “This acquisition significantly expands the channels for our industry-leading game content to Gameiom’s key partners, which include BetVictor, Ladbrokes Coral, and William Hill, to name a few. Gameiom knows operators and game developers want to see their content go live as quickly as possible through a reliable integration on a robust platform, and that focus on speed and quality is why they have experienced rapid success over the past 18 months. Acquiring this team and their RMG technology further diversifies and enhances our interactive product suite.”

With offices and licenses in the UK and Gibraltar, Gameiom currently distributes content from more than 15 game suppliers including Ainsworth, Gaming Realms, Reflex Gaming, and 1X2 Network, providing access to more than 100 live games and a library of more than 1,000 additional games. As part of the acquisition, AGS will retain and employ the Gameiom team – including key executives Stuart Carr, Tony Ellis, Gary Hardy, and John Carr – ensuring a smooth transition for customers as AGS expands and grows the current product in the marketplace. Keystone Law acted as a legal advisor to Gameiom during the completion of this acquisition with AGS.

Financial Executives International Honors Akiona for Company Impact, Integrity, Leadership

LAS VEGAS, May 23, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced that its Chief Financial Officer Kimo Akiona was named 2018 Financial Executive of the Year – Manufacturing & Technology by the Financial Executives International Las Vegas Chapter.

This award, which will be formally presented on Wednesday, June 13 at a ceremony in Las Vegas, celebrates leadership and integrity among senior-level financial executives. Winners of this notable award have made a major impact within their company and community, have played a key role in the company’s growth and profitability, and have shown exemplary leadership skills throughout their career.

AGS President and Chief Executive Officer David Lopez said, “We are thrilled to see our friend and colleague Kimo be recognized for his leadership, team development, financial acumen, work ethic, and dedication to giving back. Kimo’s experience, financial savvy, professionalism and passion for his craft, our company, and our industry have been integral to our success the last several years and we heartily congratulate him on being named Financial Executive of the Year.”

During his three-year tenure with AGS, the Company’s topline revenue has grown more than 190 percent; adjusted EBITDA has increased by more than 167 percent; and operating cash flow has propelled by more than 250 percent. Akiona been a key player in four major acquisitions totaling over $450 million; two public offerings; and a successful repricing of AGS’ existing term loan to save over $6 million in annual interest expense.

Akiona joined AGS in early 2015 as Chief Financial Officer, bringing over 15 years of accounting and financial management experience to his role. Previously, he served 10 years with SHFL entertainment, ending his tenure as Senior Vice President and Corporate Controller with responsibility for the global accounting function.

LAS VEGAS, May 9, 2018 /PRNewswire/ -- AGS ("the Company") (NYSE: AGS) today announced an agreement with Akwesasne Mohawk Casino Resort ("Akwesasne") in Upstate New York that includes using AGS's Social White Label Casino ("Social WLC") platform for a new self-funded player loyalty app called "Play Mohawk" that will integrate with the casino resort's casino management system ("CMS") for enhanced player loyalty and reward capabilities.

 

This AGS Social WLC™ partnership with Akwesasne includes a pivotal CMS integration, providing an even more robust self-funded marketing channel. This enhanced version of AGS' Social WLC will enable Akwesasne's players to view and earn card points and status within the Play Mohawk app along with customized offers and promotions that they can redeem at the land-based casino.

"This is a momentous Social WLC deal for AGS because our custom-branded social casino with CMS integration offers the Akwesasne Mohawk Casino Resort a 360-degree view of their players at home, in the casino, and on the go," said David Lopez, President and CEO of AGS. "More importantly, the CMS integration enables the casino to deliver offers and promotions through the app that drive their players back to the casino. Akwesasne's players will also get to socially experience more than 50 of our most exciting and best-performing games before playing them on the casino floor."

"We're thrilled to be partnering with AGS to offer our expansive player base new ways to engage with our brand outside the casino and reap rewards for that interaction through our new Play Mohawk social casino app," said Emily Lauzon, Interim General Manager of Akwesasne Mohawk Casino Resort. "Having the connection to our CMS elevates our marketing opportunities in new ways, and we plan to take full advantage of how we can customize offers and promotions that compel players to make additional visits to our casino floor."

The Akwesasne Play Mohawk social casino app will be available on the most popular mobile and web platforms for social casino fans — iOS and Android. As part of the agreement, Akwesasne receives a fully casino-branded app with content managed by AGS, live operations scheduling, segmentation, player targeting, analytics and customer support — along with a core suite of 50+ proven land-based game titles and a strong pipeline of new game content.

AGS soft-launched its turn-key Social White Label Casino ("Social WLC") solution in mid-2017 and now has nearly a half-dozen partners. The key benefit of AGS's Social WLC platform is that it has been battle-tested in the highly competitive social casino market and now supports gaming operators' player-engagement initiatives, with powerful brand extension, communications, promotions, and monetization features.

All ® notices signify marks registered with the United States Patent and Trademark Office. All ™ and ? notices signify marks not registered with the United States Patent and Trademark Office.

Company to Launch Orion Slant Cabinet, New Progressive Ecosystems for Slots & Table Games

LAS VEGAS, April 17, 2018 – AGS (the “Company”), a leading designer and supplier of electronic gaming machines (“EGMs”) and other products and services for the gaming industry, announced today that it will showcase the diversity and strength of its ground-breaking hardware and game development capabilities at the National Indian Gaming Association’s (NIGA) 2018 Indian Gaming Tradeshow & Convention on April 19-20 at the Las Vegas Convention Center. With new product highlights including the much-anticipated launch of the Orion Slant cabinet, and all-encompassing progressive ecosystems for both slots and table games, AGS continues to demonstrate its obsession with offering Tribal Gaming operators next-level casino entertainment options for their players.

“We’re obsessed with developing innovative new solutions to help power the success of Tribal Gaming properties across the country,” said David Lopez, President and CEO of AGS. “We’ve been committed to expanding our hardware and game offerings year over year, and this year is no exception. We are excited to showcase a wide range of new, visually-stunning hardware and deeply creative game content from our slot, table game, and social casino product lines, offering our customers even more ways to increase performance.”

Headlining the company’s slot products is the Orion Slant, the newest member of its award-winning Orion? cabinet line with its distinctive U-shaped lighting design. Featuring a stunning LCD topper and button deck, 32” top monitor, 24” bottom monitor, and a USB charging port, the Orion Slant takes the proven performance of the original Orion Portrait and transforms it into a smart, slant-top footprint for ideal sightlines and an immersive gaming experience. Available for sale or lease with a game library based on established math models, new titles such as Dragon Fa™, Phoenix Fa™, and Fu Nan Fu Nu Lucky Dragons™ include player-favorite game mechanics like progressive pick bonuses, volatility pickers, vibrant crisp graphics, and 420 eye-catching emotive LED lights.

Adding to the lineup of innovations, nearly every game across three different cabinet lines – ICON, Orion Portrait, and Orion Slant – will be connected to the powerful Xtreme Jackpots® multi-level progressive ecosystem. This innovative progressive connection increases excitement across the casino floor by building larger, more meaningful jackpot amounts that hit more frequently. The company will also have new Xtreme Jackpots game titles on display for its core cabinet ICON, like Fu Pig™, and Golden Skulls™, along with new games for Orion Portrait like Ghost Bear: Growling Boost™, Forest Dragons™, and Shou Hu Shen. Each game within these offerings feature distinctive bonuses, stunning graphics, engaging sounds, and captivating math models.

With more than 2,400 placements across the country, AGS’ table product portfolio continues to expand and at this year’s show the company will feature its innovative new multi-level, must-hit-by STAX™ progressive technology. Attendees will get a chance to see how STAX easily integrates with hit games like Super 4™ blackjack and Royal 9™ baccarat to increase jackpot wins and engagement across the pit. In addition, the company’s highly-anticipated DEX S™ single-deck card shuffler will also be on display, along with the popular game Criss Cross Poker™ with Bonus Spin™ and AGS’ newest blackjack derivative One and Done 21™, which offers players a simple way to win with no hitting, standing, doubling, or splitting.

AGS will also demonstrate new features to its white-label social casino offering, Social WLC™, including the ability to connect to casino management systems for enhanced loyalty and rewards capabilities. This enhanced version enables players to view and earn card points and status within a casino’s self-branded Social WLC app as well as customized offers and promotions that they can redeem at the land-based casino. AGS soft launched its turn-key Social WLC solution in mid-2017 and now has approximately a half dozen partners. Its battle-tested platform supports gaming operators’ player engagement initiatives by offering a self-funded solution for achieving brand extension, communications, promotions, and monetization goals.

LAS VEGAS, April 10, 2018 – PlayAGS, Inc. (“AGS” or the “Company”) (NYSE: AGS), a leading designer and supplier of electronic gaming machines (“EGMs”) and other products and services for the gaming industry, today announced it has appointed well-known industry talent Mike McKiski as its Vice President of Sales for Western U.S. and Corporate Accounts. In his new position, McKiski will lead AGS’ continued market expansion by partnering with customers to identify incremental revenue opportunities throughout the western half of the United States.

“As demand for our consistently high-performing slot products continues to grow, we’ve strategically developed a best-in-breed sales management team to capitalize on our opportunities,” said Robert Perry, Senior Vice President of Sales for AGS. “Recruiting Mike to lead our current team of account executives in the West will help elevate our revenue potential and heighten our strong customer-centric culture as we continue to expand. Between his proven track record as a sales leader and his natural ability to develop new market opportunities, we’re confident Mike will add tremendous value to AGS.”

“Joining AGS is a once-in-a-lifetime opportunity,” said McKiski. “I’ve watched the Company’s impressive growth over the past 18 months – including successfully going public earlier this year – and I have been eager to join Team AGS. I’m excited to work for a company that has been named one of 2017’s ‘Best and Brightest’ places to work, earning this honor through a deliberate focus on customer service, employees, and culture. I’m confident that our current product momentum in the marketplace, along with the upcoming library of additional game themes, progressive solutions, and cabinets, will help continue the AGS growth story within both the Corporate and Tribal Gaming markets.”

In his new role, McKiski will focus on bolstering the Company’s slot sales strategy to increase revenue growth throughout the Western states including California, Nevada, Arizona, and Washington, to name a few, as well as key corporate accounts within those states. Prior to joining AGS, McKiski was the Vice President of Sales for Western U.S. at Interblock. Before joining Interblock, he served as Director of Sales and Commercial Operations at Scientific Games Interactive. McKiski holds a B.A. from UNLV, where he was a four-year letter winner as an offensive lineman for the Rebels, and he will complete his MBA from Arizona State University’s W.P. Carey School of business this Fall.

AGS ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS

•           Fourth Quarter Revenue of $57.7 Million Grew 35% Year-Over-Year

•           Record Annual Revenue of $212.0 Million Grew 27% Year-Over-Year

•           Record Annual Adjusted EBITDA of $106.8 Million Grew 25% Year-Over-Year

•           Annual Net Loss of $45.1 Million Improved 45% Year-Over-Year

LAS VEGAS, March 14, 2018 – PlayAGS, Inc. (NYSE: AGS) (“AGS”, "us", "we" or the “Company”) today reported operating results for its fourth quarter 2017 and fiscal year ended December 31, 2017.

"Record revenue of $57.7 million in the fourth quarter punctuated a transformative year for AGS. With 27% growth on the top line, 10% recurring revenue growth, and 25% growth in Adjusted EBITDA in fiscal 2017, our results reflected AGS’s continued dedication to best-in-class execution against its growth initiatives to penetrate new jurisdictions and launch high-performing, in-demand products into the market,” said David Lopez, President and CEO of AGS. “Entering the new fiscal year, we believe we are well positioned for meaningful growth as we benefit from continued momentum of our Orion Portrait and Icon cabinets, entry into new domestic and international jurisdictions, and promising new product launches like the Orion Slant, STAX table progressive system, and the Dex S card shuffler.”

Summary of the quarter and year ended December 31, 2017 and 2016

(In thousands, except per-share and unit data)

	Three Months Ended December 31,									Year Ended December 31,
	2017			2016			% Change			2017			2016			% Change
Revenues
EGM	54,184			40,254			34.6	%		199,931			156,407			27.8	%
Table Products	1,623			669			142.6	%		4,065			2,674			52.0	%
Interactive	1,854			1,822			1.8	%		7,959			7,725			3.0	%
Total revenue	57,661			42,745			34.9	%		211,955			166,806			27.1	%
Operating income / (loss)	861			(1,403	)		161.4	%		14,502			(17,064	)		185.0	%
Net loss	(8,520	)		(20,234	)		57.9	%		(45,106	)		(81,374	)		44.6	%
Loss per share	(0.37	)		(0.87	)		57.5	%		(1.94	)		(3.51	)		44.7	%
Adjusted EBITDA
EGM	26,335			23,025			14.4	%		107,785			91,729			17.5	%
Table Products	193			(268	)		172.0	%		(528	)		(1,663	)		68.3	%
Interactive	(79	)		(656	)		88.0	%		(416	)		(4,727	)		91.2	%
Total adjusted EBITDA(1)	26,449			22,101			19.7	%		106,841			85,339			25.2	%
EGM Units Sold	697			260			168.1	%		2,565			465			451.6	%
EGM total installed base, end of period	23,805			20,851			14.2	%		23,805			20,851			14.2	%

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure, see non-GAAP reconciliation below. 

 

Fourth Quarter Financial Highlights

•         Total revenue increased 35% to $57.7 million driven by continued growth of our EGMs in the Class III marketplace.

•         At $45.2 million, total recurring revenue grew approximately 20% quarter-over-quarter, primarily attributable to yield optimization efforts and the popularity of our new premium cabinet, Orion Portrait.

•         EGM equipment sales increased 151% to $12.4 million due to the sale of 697 units.

•         Total adjusted EBITDA margin decreased to 46% in the fourth quarter 2017 compared to 52% due to sales mix and the timing of G2E, which took place in the fourth quarter 2017 and in the third quarter for 2016.

•         SG&A increased $4.2 million in the fourth quarter of 2017 due to the timing of the annual Global Gaming Expo ("G2E") trade show as well as well as increased costs due to higher headcount.

•         R&D increased $3.0 million in the fourth quarter of 2017 driven by increased headcount costs and the development of our new Orion Portrait and Orion Slant cabinets as well as our newly established game development studio in Sydney, Australia.

•         At $26.4 million, adjusted EBITDA increased 20% driven by increases in revenue, and offset by increased adjusted operating expenses of $4.8 million primarily due to increased headcount.

•         Net loss significantly improved to $8.5 million from $20.2 million.

Full Year Financial Highlights

•         Total revenue increased 27% to $212.0 million due to the continued growth of our EGM segment driven by the introduction of new products and our continued expansion into the Class III marketplace. 

•         At $170.3 million, total recurring revenue grew approximately 10%, primarily attributable to yield optimization efforts and the popularity of our new premium cabinet, Orion Portrait.

•         EGM equipment sales increased 250% to $41.6 million driven by an increase of 2,100 sold EGMs for a total of 2,565.

•         Total adjusted EBITDA margin was 50% for 2017 compared to 51%, which is attributable primarily to the large increase in EGM equipment sales revenue.

•         SG&A decreased $2.1 million in 2017 primarily due to decreased user acquisition fees from our Interactive segment in efforts to optimize marketing spend.

•         R&D increased $4.4 million in 2017 driven by increased headcount costs and the development of our new Orion Portrait and Orion Slant cabinets as well as our newly established game development studio in Sydney, Australia.

•         At $106.8 million, adjusted EBITDA increased 25% driven by the increases in revenue described above, and offset by increased adjusted operating expenses of $4.1 million primarily due to increased headcount.

•         Net loss significantly improved to $45.1 million from $81.4 million.

Full Year Business Highlights

•         EGM average selling price increased nearly 10% to $16,329.

•         Domestic EGM revenue per day increased $1.03 to $25.77 driven by our yield optimization efforts as well as the introduction of our new, high performing products.

•         Nearly $4.4 million of 2017’s recurring revenue came from our yield optimization efforts.  As of year end, we have optimized nearly 2,300 units, of which 70% were optimized in 2017.

•         Table Products increased 900 units, or 60%, to 2,400 units driven by both organic growth and the purchase of In Bet assets.

•         Our ICON cabinet footprint grew nearly 300% to over 4,700 total units in the field.

•         Introduced to the market in Q1 of 2017, our Orion Portrait cabinet ended the year with over 1,900 total units in the field.

Balance Sheet Review

Capital expenditures increased $16.8 million to $57.5 million in 2017, compared to $40.7 million.  The increase was driven primarily by the purchase of property and equipment of $15.7 million and software development costs of $1.1 million to fuel growth initiatives. As of December 31, 2017, AGS had $19.2 million in cash and cash equivalents compared to $18.0 million at December 31, 2016.  Total net debt as of December 31, 2017, was approximately $649 million.  As a result of the IPO, the exercise in full of the underwriters’ overallotment option and the settlement of our HoldCo PIK notes subsequent to year end, our pro forma total net debt decreased by $171 million to $478 million.

Recent Developments

Initial Public Offering

On January 26, 2018, we completed the initial public offering of our common stock, in which it issued and sold 10,250,000 shares of common stock at a public offering price of $16.00 per share.  We received net proceeds of $149.1 million from the initial public offering, after deducting underwriting discounts and commissions and offering expenses payable.

On February 27, 2018 we sold an additional 1,537,500 shares of common stock at a public offering price of $16.00 per share pursuant to the underwriters’ exercise in full of the over-allotment option and we received net proceeds of $23.0 million from the exercise of the over-allotment option, after deducting underwriting discounts and commissions.

Repayment of Senior Secured PIK Notes   

On January 30, 2018, we used the net proceeds of the initial public offering and cash on hand to redeem in full the 11.25% senior secured PIK notes due 2024 (the “Notes”). On the redemption date, the aggregate principal amount of the Notes outstanding was $152.6 million and the amount of accrued and unpaid interest was $1.4 million. In connection with the redemption, we repaid all of the outstanding obligations in respect of principal, interest and fees under the Notes.

Term Loan Repricing

On February 7, 2018 we completed the repricing of our existing $513 million term loans under our First Lien Credit Agreement (the "Term Loans"). The Term Loans were repriced from 550 basis points to 425 basis points over LIBOR. The LIBOR floor remains at 100 basis points. As a result of the repricing, we expect to realize annual cash interest savings of approximately $6.4 million.

2018 Outlook

We expect to generate total adjusted EBITDA of $124 - $130 million in 2018, representing growth of approximately 16%-22% compared to the prior year period.

AGS expects 2018 capital expenditures to be in the range of $55 - $60 million, compared to $57.5 million in 2017, reflecting an expectation for a continued increase in our installed base in both existing and new markets as well as our ongoing yield optimization initiative.

 

Comparison of Fiscal 2018 Guidance to Fiscal 2017 and Fiscal 2016 Results

	Year ended December 31,
(in $mm)	2018 Guidance		2017				2016
Adjusted EBITDA (1)	$124 - $130		$	107			$	85
Capex	$55 - $60		$	57			$	41

⁽¹⁾A reconciliation of this measure to net income, which is its most comparable GAAP measure, can be found on page 8 of this press release.

Conference Call and Webcast

Today, at 4:00 p.m. EST, management will host a conference call to present the fourth quarter 2017 results. Listeners may access a live webcast of the conference call along with accompanying slides at AGS' Investor Relations website at http://investors.playags.com/. A replay of the webcast will be available on the website following the live event. To listen by telephone, the US/Canada toll-free dial-in number is +1 (866) 777-2509 and the dial-in number for participants outside the US/Canada is +1 (412) 317-5413. The conference ID/confirmation code is AGS Q4 Earnings Call.

 

Company Overview

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 remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly-rated social casino solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more about us at www.playags.com.

Forward-looking Statements

This release contains “forward-looking statements.” Forward-looking statements include any statements that address future results or occurrences. In some cases you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “would,” “should,” “could” or the negatives thereof. Generally, the words “anticipate,” “believe,” “continue,” “expect,” “intend,” “estimate,” “project,” “plan” and similar expressions identify forward-looking statements. In particular, statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance contained in this Annual Report on Form 10-K in Item 1. “Business,” Item 1A. “Risk Factors” and Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” are forward-looking statements. These forward-looking statements include statements that are not historical facts, including statements concerning our possible or assumed future actions and business strategies.

PLAYAGS, INC.

CONSOLIDATED BALANCE SHEETS

(amounts in thousands, except share and per share data)

 

	December 31, 2017
	2017				2016
Assets
Current assets
Cash and cash equivalents	$	19,242			$	17,977
Restricted cash	100				100
Accounts receivable, net of allowance of $1,462 and $1,972 respectively	32,776				24,035
Inventories	24,455				10,729
Prepaid expenses	2,675				2,609
Deposits and other	3,460				3,052
Total current assets	82,708				58,502
Property and equipment, net	77,982				67,926
Goodwill	278,337				251,024
Deferred tax asset	1,115				9
Intangible assets	232,287				232,877
Other assets	24,813				23,754
Total assets	$	697,242			$	634,092
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable	$	11,407			$	8,790
Accrued liabilities	24,954				17,702
Current maturities of long-term debt	7,359				6,537
Total current liabilities	43,720				33,029
Long-term debt	644,158				547,238
Deferred tax liability - noncurrent	1,016				6,957
Other long-term liabilities	36,283				30,440
Total liabilities	725,177				617,664
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock at $0.01 par value; 100,000 shares authorized, no shares issued and outstanding	—				—
Common stock at $0.01 par value; 46,629,155 shares authorized; 23,208,076 Shares issued and outstanding at December 31, 2017 and 2016.	Continue Reading AGS Announces Full Exercise of IPO Underwriters’ Over-Allotment Option LAS VEGAS, February 28, 2018 – PlayAGS, Inc. (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines (“EGMs”) and other products and services for the gaming industry, today announced that the underwriters of the Company’s recent initial public offering (“IPO”) consummated the exercise of the over-allotment option in full and purchased an additional 1,537,500 shares at the IPO price of $16 per share, less underwriting discounts and commissions.  After deducting underwriting discounts and commissions, net proceeds from the over-allotment option totaled approximately $23 million.  Following the issuance of the over-allotment, AGS has 35,166,288 shares outstanding. Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital acted as joint book-running managers and as representatives of the underwriters for the offering.  BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey acted as joint book-running managers for the offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities acted as co-managers for the offering.   Continue Reading AGS to Report Fourth Quarter and Full Year 2017 Results LAS VEGAS, February 20, 2018 – PlayAGS, Inc. (“AGS” or the “Company”) (NYSE: AGS) today announced  it will host an investor conference call and live webcast to discuss its fourth quarter and fiscal year 2017 results on Wednesday, March 14, 2018 at 4:00 p.m. EST. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q4 2017 Earnings Call. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time.  To pre-register, click here: AGS Q4 2017 Earnings Call Investor Conference Call Wednesday, March 14, 2018 4:00 p.m. EST/ 1:00 p.m. PST Those unable to pre-register may dial in by calling:  All participants:  +1 (866) 777-2509 or +1 (412) 317-5413 Conference ID: AGS Q4 Earnings Call Webcast To access the live webcast of the call, please visit the Company’s website at http://investors.playags.com and click on “Events”. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website for 30 days.   Continue Reading AGS Receives Regulatory Approval to Offer its Gaming Products in Ohio Company to enter market with Class III and Table Game Products LAS VEGAS, February 22, 2018 – PlayAGS, Inc. (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines (“EGMs”) and other products and services for the gaming industry, today announced that the Ohio Casino Control Commission has approved the Company’s application to begin selling and distributing its Class III EGMs and table game products to commercial casinos throughout the state. “We are very pleased that the Ohio Casino Control Commission has approved our license application and are confident in our ability to grow our Class III and table game product businesses within this robust marketplace,” said David Lopez, President and CEO of AGS. “This approval will allow us to leverage our already established relationships with many of the state’s casino operators who are eager to begin offering our consistently high-performing products like OrionSM, ICON™, and Bonus Spin™.” The Ohio Casino Control Commission oversees all commercial gaming in the state, which includes the Hollywood Casino Columbus and Hollywood Casino Toledo, both owned and operated by Penn National Gaming, and the JACK Cincinnati Casino and JACK Cleveland Casino, both owned and operated by JACK Entertainment. Upon approval of its Ohio license, AGS’ total license count has climbed to include 257 different jurisdictions, a 102% increase in total available market opportunity since 2012. Continue Reading AGS Announces Repricing of its Term Loans; Reduces Over $6 Million in Annual Cash Interest Expense LAS VEGAS, February 8, 2018 – PlayAGS, Inc. (“AGS” or the “Company”) (NYSE: AGS) today announced that it has completed the repricing of its existing $513 million term loans under its First Lien Credit Agreement (the “Term Loans”). The Term Loans were repriced from 550 basis points to 425 basis points over LIBOR. The LIBOR floor remains at 100 basis points. As a result of the repricing, the Company expects to realize annual cash interest savings of approximately $6.4 million.  The repriced Term Loans continue to be due in full in February 2024. “After executing our initial public offering less than two weeks ago, we immediately started work on repricing our Term Loans to reduce our annual interest expense and provide us with more cash to grow and operate the business,” said David Lopez, Chief Executive Officer of AGS. “With a stronger credit profile, we are pleased to now be in a position to generate additional cash flows, which provide a future opportunity for incremental deleveraging.” Continue Reading AGS Prices Initial Public Offering LAS VEGAS, January 25, 2018 – PlayAGS, Inc. (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the pricing of its initial public offering of 10,250,000 shares of its common stock at an initial public offering price of $16.00 per share, before underwriting discounts and commissions. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,537,500 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. AGS’s existing shareholders will not sell any shares in the offering.    The shares are expected to begin trading on The New York Stock Exchange (NYSE) under the symbol "AGS" on January 26, 2018. The offering is expected to close on January 30, 2018 subject to customary closing conditions. AGS expects to receive gross proceeds of approximately $164.0 million from the offering, or approximately $188.6 million if the underwriters exercise their over-allotment option in full. AGS intends to use the gross proceeds from the offering to redeem in full its PIK notes, and pay fees and expenses in connection with the offering. Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are acting as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities are acting as co-managers for the offering. The offering is being made only by means of a prospectus.  A copy of the prospectus relating to this offering, when available, may be obtained from any of the following sources: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at(800) 503-4611, or by email at prospectus.CPDG@db.com; Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Macquarie Capital (USA) Inc., Attention: Syndicate Department, 125 West 55th Street, L-22, New York, NY 10019, or by telephone at (212) 231-0440 or by email at MacquarieEquitySyndicateUSA@macquarie.com A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Continue Reading AGS Commences Initial Public Offering LAS VEGAS, January 16, 2018 –  PlayAGS, Inc. (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the commencement of its initial public offering of 10,250,000 shares of its common stock.  The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,537,500 shares of its common stock.  The price range for the initial public offering is currently estimated to be between $16.00 and $18.00 per share.   The Company has applied to list its shares of common stock on the New York Stock Exchange under the ticker symbol “AGS.” Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are acting as joint book-running managers and as representatives of the underwriters for the proposed offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are acting as joint book-running managers for the proposed offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities are acting as co-managers for the proposed offering. The offering will be made only by means of a prospectus.  A copy of the preliminary prospectus relating to this offering, when available, may be obtained from any of the following sources: Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at(800) 503-4611, or by email at prospectus.CPDG@db.com; Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Macquarie Capital (USA) Inc., Attention: Syndicate Department, 125 West 55th Street, L-22, New York, NY 10019, or by telephone at (212) 231-0440 or by email at MacquarieEquitySyndicateUSA@macquarie.com A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Continue Reading AGS Recognized as One of 2017 ‘Best and Brightest Companies to Work For®’ in the U.S. LAS VEGAS, January 10, 2018 –  AGS today announced that it was named among the 2017 ‘Best and Brightest Companies to Work® for in the Nation’ by the National Association for Business Resources (“NABR”). The Best and Brightest awards program identifies, recognizes, and celebrates the organizations that epitomize better business, richer lives, and stronger communities. AGS was part of a very select group of companies recognized out of more than 2,000 companies who participated in the annual Best and Brightest Companies to Work For® competition, which identifies and honors companies that demonstrate both an exceptional environment for and an impressive commitment to their employees. Companies are evaluated based on categories such as communication, work-life balance, employee education, diversity, recognition, and retention. Along with this nationwide recognition, AGS also won a top spot among Atlanta’s 2017 ‘Best and Brightest Companies to Work For', a regional honor for companies in the Atlanta metro area who exemplify an employee-focused culture. AGS has two offices in Georgia; one in the Atlanta suburb of Duluth and the other in midtown Atlanta’s Armour Yards. “Our mission is to deliver highly entertaining, diverse, and unique gaming experiences to players around the world, while never losing the passion, agility, grit, and customer focus that made AGS successful in the first place,” said AGS President and Chief Executive Officer David Lopez.  “To accomplish this, we have shaped an employee culture focused on communication, embracing change, service to community and country, teamwork, passion, and personal ownership. This culture, one which encourages us to work hard but have lots of fun too, is why our employees are so innovative, customer-driven, and love coming to work every day. We are tremendously excited and proud about being recognized as one of the few companies nationwide to be counted among the Best and Brightest.” AGS has more than 550 employees around the world, with major offices in Las Vegas, Nevada; Atlanta, Georgia; Oklahoma City, Oklahoma; and Mexico City, Mexico. Continue Reading AGS Announces Key New Product Compliance Hires Names Richard LaBrocca VP of Jurisdictional Engineering & Product Quality Assurance; Jason Elison Director of Jurisdictional Engineering  LAS VEGAS, December 21, 2017 –  AGS today announced two key new appointments in Product Compliance, naming Richard (“Rich”) LaBrocca Vice President of Jurisdictional Engineering & Product Quality Assurance and Jason Elison Director of Jurisdictional Engineering.  LaBrocca joined AGS after a 19-year career with Gaming Laboratories International (“GLI”), where he most recently served as Senior Director of Engineering. As a member of GLI’s executive leadership team, LaBrocca was responsible for customer satisfaction; drafting technical standards and legislation; working closely with government and jurisdictional agencies on approval of gaming regulations; and testing all types of gaming devices, central control systems, and casino management systems.  Elison brings 10 years of gaming industry experience to AGS. Most recently, he served two years with BMM Testlabs (“BMM”) as its Director of Technical Compliance & Strategic Development. Before that, Elison served eight years with the Nevada Gaming Control Board’s Technology Division, ending his tenure as Lab Manager.  AGS Chief Technology Officer Sigmund Lee said, “We are thrilled to welcome Rich and Jason to the AGS family.  With their almost 30 years of combined experiences from leading Independent and Government testing agencies, AGS is well positioned to improve on our high-quality standards while becoming even more efficient with our delivery of products to customers.” Continue Reading AGS Acquires Installed Base of Approximately 1,600 Class II Games Strategic Move Expands AGS’s Class II Footprint and Presents Opportunity for Yield Optimization LAS VEGAS, December 11, 2017 –  AGS (or the “Company”) today announced that it has acquired an installed base of approximately 1,600 Class II gaming machines across the United States that were operated by Rocket Gaming Systems’® ( “Rocket”). This all-cash asset purchase expands AGS’s already extensive Class II footprint and will position the Company for further growth in the Class II market with its industry-leading slot content and platforms — entertaining even more players.  The transaction, which closed on December 6th, is immediately accretive to AGS’ earnings and cash flow. AGS Chief Executive Officer David Lopez said, “We are excited about this transaction, which further solidifies our leadership in the Class II space and expands our Class II footprint by approximately 1,600 units in key markets such as California, Oklahoma, Montana, Washington and Texas. By so significantly growing our Class II footprint, we are also reinforcing our commitment to the Class II business while accelerating our yield-management strategy to partner with casino operators to upgrade their platforms and content over the next several years.” With the newly acquired assets, the Company’s installed base of recurring revenue gaming machines grows to approximately 23,600 units.  The Class II portfolio from Rocket includes wide-area progressive and standalone video and spinning-reel games and platforms, including the player-favorite Gold Series®, a suite of games that feature a $1 million+ progressive prize and is the longest-standing million dollar wide-area progressive on tribal casino floors. AGS will leverage its extensive customer service network across the U.S. to ensure that Rocket’s customers receive exceptional responsiveness and consistency in service levels. Continue Reading AGS Interactive Launches B2B Social White Label Casino Platform Company Announces New B2B Deals Designed to Provide Casinos Powerful Marketing Channel LAS VEGAS, November 16, 2017 –  AGS, already a leader in providing land-based casino games and a key player in the mobile social casino gaming market, recently added a powerful new partner-focused component to its AGS Interactive business – a Social White Label Casino (“Social WLC”) platform. This product soft-launched in the first quarter of 2017 and is already live with six customers, quickly gaining momentum. AGS Interactive Senior Vice President Bryan Bennett said, “We are thrilled about the adoption of our Social WLC after our first launch in March. Six new partners have selected our turn-key, white-label B2B solution as a powerful self-funded marketing channel, designed to engage players in the casino, at home, and on the go. The key benefit of our platform is that it has been battle-tested in the highly competitive social casino market, and is now ready to support casinos’ player-engagement initiatives, with powerful brand extension, communications, promotions, and monetization features.” The early adopters of AGS’s Social WLC include BJ’s Bingo & Gaming in Fife, Wash.; Gray Wolf Peak Casino in Missoula, Mont.; and Shoalwater Bay Casino in Tokeland, Wash. AGS’s Social WLC is a casino-branded player engagement app for iOS and Android devices and the web featuring premium and proven AGS slot content, as well as video poker, various table games, and bingo content for free-play, along with engaging extras like tournaments, in-game progression, charms, rumbles, treasure hunts, missions and challenges. In addition, the Social WLC app offers promotions, live events, land-based marketing tie-ins, and integration with the casino player-management system. AGS’s turn-key solution includes a fully casino-branded app with content that is managed by the AGS team, live operations scheduling, segmentation, player targeting, analytics and customer support — along with a core suite of 50+ proven land-based game titles and a strong pipeline of new game content. BJ’s Bingo & Gaming General Manager Jenynne DeNoble said, “Partnering with AGS Interactive in launching our BJ’s Bingo Social Casino App is building our brand while strengthening our relationship with our players through powerful, incremental engagement on and off the casino floor. Our players love being able to play the same AGS games they love in our casino at home and on their mobile phone or tablet, enabling us to develop an engaged community that we can reach 24/7.” Continue Reading AGS CONTINUES TO FUEL TABLE GAMES GROWTH WITH FIVE NEW GAME ACQUISITIONS Dynamic Games from In Bet Gaming Portfolio add Power to AGS Offerings LAS VEGAS, October 2, 2017 – The library of table game offerings from AGS (“the Company”) continues to grow after the Company announced the purchase of five dynamic, new games from New-Jersey based company In Bet Gaming (“In Bet”) today. This strategic acquisition elevates the Company’s table product install base to more than 2,500 and marks the largest table game investment in AGS history. At the Global Gaming Expo (“G2E”) this week in Las Vegas, the Company will showcase the strength and diversity of its new assets by showing the  Super 4™ Blackjack progressive game, Jackpot Blackjack™ game, and the Royal 9™ Baccarat progressive game inside its booth.   “We’ve always been passionate about strategically investing in games and technology building momentum in the market,” said John Hemberger, Senior Vice President of Table Products for AGS. “This acquisition combines In Bet’s proven, innovative table game side bets with our customer-focused distribution network and expertise in table game progressive technology to deliver players and operators unmatched gaming experiences.”   “AGS showed it can take trending games and spread them to new markets in new ways after they acquired our popular games In Between™ and Criss Cross Poker™ in 2014,” said Ron LaDuca, CEO of In Bet Gaming. “Their team has the relentless passion, scale, talent, and technology to take these already successful games and amplify their commercial delivery.”     As part of the agreement, AGS has purchased a game library with approximately 500 installs worldwide, including Super 4, Blackjack Match Progressive, Jackpot Blackjack, Royal 9, and Jackpot Baccarat™. Each game features a simple, rewarding side bet that extends the winning experience in interactive ways. For example, when the dealer shows an ace in Super 4, every active Super 4 wager wins. When the dealer hits a blackjack, the Super 4 Bonus triggers and players make a four-card poker hand combined with the dealer’s two cards for a chance at a progressive jackpot win. Progressive prize amounts on Super 4 have climbed to more than $1,000,000 to offer life-changing wins.   Visit AGS at G2E booth #1253 to experience why these games captivate players and how the Company plans to leverage its technology expertise to further expand their reach.  Continue Reading AGS Proves it’s “Obsessed with the Game” at G2E 2017 LAS VEGAS, September 27, 2017 – Obsessions are extreme passions, and AGS is obsessed with everything casino gaming. “Every detail of the player experience is an obsession for us, no matter if it’s slots, tables, or interactive,” said David Lopez, President and CEO of AGS. “We don’t stop until we get every element right for both players and operators, something we proved with the launch of our Orion™ cabinet. At nearly 1,200 placements since its formal launch in May, Orion is the most successful product launch in AGS history and consistently performs at multiples above average. At G2E this year, we’ve continued to extend this same level of obsession into each new product we’re unveiling, and we’re asking gaming operators what they are obsessed about. One lucky casino operator who shares their thoughts in our “Obsessed with the Game” survey will win a $10,000 Game Day Experience.” Slots Building on the incredible success of its award-winning Orion cabinet, AGS will unveil a show-stopping new addition to this family’s cabinet line. Customers will see the distinctive U-shaped lighting design features of the original Orion in a new configuration – a form factor operators have wanted to update for years. The company will also showcase many new Orion game titles that add even greater variety to its already high-performing library. Known for its expertise in creating powerful progressives, AGS will debut three new multi-link progressive solutions – including Xtreme Jackpots®, which connects across Orion and its core-cabinet ICON™ to intensify anticipation and create more frequent, more meaningful wins. The company has also deepened the game library on ICON with many new titles and a new, four-level linked progressive called Money Charge Jackpots™. In addition, the update to its proven Big Red™ cabinet, with its distinguishing red color, is a can’t-miss sight featuring the new game Colossal Stars™. For video-bingo customers in international markets, AGS will also showcase its new Alora™ cabinet and a library of exciting new games exclusively designed for this cabinet. Tables  With nearly 2,000 table products installed worldwide, the company’s obsession with the game goes beyond the slot floor. Bringing the power of progressives to the table, AGS’ new solution Stax™ adds the excitement and anticipation of must-hit-by and multi-level jackpots in a customizable, easy to add format. The genuine AGS table game product, Bonus Spin™, will also be on display including the newest addition to its library Bonus Spin Roulette. New specialty games, like Premium Hold’em™ and Dai Bacc®, add even more depth to its blackjack, poker, and baccarat derivative libraries. With its new Roulette and Baccarat signs, booth visitors will also see how AGS has embraced the value of dynamic, interactive displays that feature animations, crisp graphics, and engaging content to transform the game, attract more play, and captivate players for increased profit potential.   Interactive Since the launch of its white-label social casino solution this spring, six new partners have harnessed the power of AGS’ Social WLC™ to extend their brands, offer more engagement, and drive more visits and revenue to their properties. The company has been intently focused on offering customers this turn-key, customized social casino solution that’s based on proven, player-favorite, land-based content, including the newest additions Golden Wins™, Jade Wins™, and Shadow Fox Dreamcatcher™. Thought-Leadership AGS will also join other industry professionals in four panel discussions during G2E’s Education sessions: Matt Reback, EVP for AGS, will speak on the panel “Data-Driven Design: Player Profiles and Their Impact on Gameplay;” John Hemberger, SVP of Table Products for AGS, will speak on the panel “Casino Tomorrowland: New Products and Environments for Today’s Player;” Andrew Burke, SVP of Slot Products for AGS, will speak on the panel “Let’s Grow: The Biggest Trends in Tribal Gaming;” and Bryan Bennett, SVP of Interactive for AGS, will speak on the panel “Level Up: Monetizing Your Social Casino Data.” To add these sessions to your G2E schedule, click here. ### About AGS AGS LLC 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 remarkable growth have helped us branch out to become one of the most all-inclusive commercial gaming suppliers in the world. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly-rated social casino solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more about us at www.playags.com. Contact Julia Boguslawski, Chief Marketing Officer, AGS 702-301-6090 jboguslawski@PlayAGS.com Continue Reading