5475 South Decatur Blvd, Ste 100
Las Vegas, NV 89118
Phone: (702) 722-6700
Website: http://www.playags.com

Key Personnel

David Lopez - President & Chief Executive Officer
Julia Boguslawski - Chief Marketing Officer
Vic Gallo - General Counsel
Sigmund Lee - Chief Technology Officer
Robert Perry - Senior Vice President of Sales
Kimo Akiona - Chief Financial Officer
John Hemberger - Senior Vice President of Table Products
Andrew Burke - Vice President of Slot Products
Bryan Bennett - Senior Vice President of Interactive
Drew Pawlak - Vice President & General Manager of Latin 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 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.

AGS Videos and Product Demos

Latest News

Apollo Closes Secondary Public Offering of PlayAGS Common Stock

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, 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. 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.

Apollo Prices Secondary Public Offering of PlayAGS Common Stock

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, 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. 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.

Apollo Launches Secondary Public Offering of PlayAGS Common Stock

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, 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.

AGS Enters Alberta Market with Large Order to Install More Than 130 Games

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.

AGS Acquires iGaming Aggregator and Content Provider Gameiom Technologies

– Strategic Acquisition to Propel Company into Real-Money Gaming Business
– Increases Distribution and Revenue Potential of AGS’ Popular Online Game Content

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.

AGS Chief Financial Officer Kimo Akiona Wins 2018 Financial Executive of the Year Award

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.

AGS Partners with Akwesasne Mohawk Casino Resort on "Play Mohawk" Social Casino App

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.

 

PlayMohawk

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.

AGS will Continue to Prove it’s “Obsessed with the Game™” at NIGA 2018

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.

AGS Appoints Mike McKiski to Vice President of Sales

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

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.

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.

 

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.

 

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.

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.”

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:

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.

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:

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.

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.

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.”

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.

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.”

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. 

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

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