AGS Receives Corporate and Credit Facility Rating Upgrade from Standard & Poor’s

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.”