AGS Awarded Pennsylvania Slot Machine, Table Games Manufacturer License
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.