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.