LAS VEGAS and MACAU, March 22, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announces the first-ever installation of its new Jin Ji Bao Xi™ Asian linked progressive. This installation follows the success of the Company's Duo Fu Duo Cai® family link in Macau, and will be followed with additional installations scheduled for the Philippines and Cambodia.

"Scientific Games continues to bring its popular market-tailored games to Asia. Scientific Games first brought Duo Fu Duo Cai to the Asian market and is now making its world premier of our new Jin Ji Bao Xi linked progressive. This link features a number of our exciting games and is expected to be wildly popular with players," said Ken Jolly, the company's Vice President and Managing Director of Asia.

Jin Ji Bao Xi is the lastest multi-denominational, progressive linked jackpot from Scientific Games' new offering of the Echo FortunesTM base game on the Dualos™ cabinet, which debuted at the Macau Gaming Show last November. The game is engaging with the unique, exclusive content and design for Asian Players.

The name of Jin Ji Bao Xi carries the meaning of good luck and good news in Chinese. The logo itself - the bat and peach - is from the Chinese traditional symbol which represents both good fortune and longevity, bringing prosperity and good news to players.

All ® notices signify marks registered in the United States.  © 2018 Scientific Games Corporation.  All Rights Reserved.

LAS VEGAS, March 21, 2018 (GLOBE NEWSWIRE) -- Furthering its commitment to bring new and engaging content to casino players at an accelerated rate, Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and payments solutions announced today that is has partnered with bZillions, Inc., a leading independent game design studio based in Las Vegas, for the development of new gaming content.  The new partnership, focused on creating games for Everi’s mForce® platform, calls for the bZillions game development team to develop content for at least 10 new games for several of the Company’s newest gaming cabinets – including the Empire MPX™ (“E43”) and the Empire 5527™ (“E5527”) – over the next twelve months. 

bZillions is led by Steve Weiss, an industry veteran with more than 30 years of casino game development and manufacturing experience, including as co-founder and CEO of game design company Colossal Gaming, Inc. which developed a number of player-popular games throughout the years.  bZillions’ team of game developers has extensive expertise in developing games for both Class III and Class II markets with its latest success developing a significant large-format gaming device.     

Dean Ehrlich, Executive Vice President and Gaming Business Leader for Everi, said, “This  partnership with Steve and the design team at bZillions expands our ability to bring additional exciting new content that delight players, to casinos across North America.  bZillions has a track record of creating product that drives increased performance on all sorts of different platforms.  We’re excited to work closely with them as they leverage our next generation hardware platforms including our recently introduced E43. bZillions will also utilize the mechanical reel, large format The Texan HDX® cabinet, and our soon to be released E5527 cabinet to bring unique new gaming content to our customers and their players.”

Steve Weiss, founder and Chief Executive Officer of bZillions, added, “Partnering with Everi to develop new game content exclusive for their advanced platform and exciting new gaming cabinets is an excellent opportunity for bZillions to demonstrate our expertise in creating innovative new gaming entertainment experiences to market.  We are excited for the opportunity to create content that utilizes the capabilities of Everi’s innovative new and existing gaming cabinets to bring new levels of excitement and engagement to players.”

LAS VEGAS – Wednesday 21st March, 2018 – Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) has revealed OpenBet, SG Digital’s market-leading sportsbook, processed a record number of account transactions at this year’s Cheltenham Festival.

The Cheltenham Festival, an annual four-day event in the National Hunt race calendar in the United Kingdom, features several high-profile horse races. The Festival includes eleven grade-one races and culminates with the Gold Cup race.

The festival often sees total wager in excess of £250 million. The 2018 Festival proved exceedingly successful for OpenBet; the market-leading platform processed more than 39M bets, an increase of nearly 10% on the previous year. The number of bets per minute placed through a single operator during the festival using the OpenBet platform peaked at 15,800.

On the day of the Gold Cup, won by Native River, more than 10.9M bets were placed, an increase of 2.3M bets over 2017.

Keith O’Loughlin, SVP Sportsbook and Platforms at SG Digital, said: “OpenBet has a proven track record for providing a robust performance during the world’s biggest sporting events, and I’m delighted that the latest figures show we have once again delivered scale and stability for our customers.

“The Cheltenham Festival is a hugely important sporting fixture for our customers. With such a vast volume of transactions to handle, there is no room for downtime. This year’s stats show that we have further cemented our position as a trusted and reliable provider.”

© 2018 Scientific Games Corporation.  All Rights Reserved.

NEW YORK, March 21, 2018 -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced that it has reached an agreement whereby it will continue to supply its SBG VLT platform, machines and games content to the Sisal estate in Italy for a further four years.

As part of the agreement, Inspired will supply up to 2,024 SBG VLT terminals to Sisal, provide remote and field services, and continue to deploy circa. six new games from its in-house studio per year.

‘Sisal is a valued and long-established customer of Inspired,’ said Luke Alvarez, President and CEO, Inspired, ‘and I’m delighted to announce that we will continue our business relationship into the future,’ he added. ‘Our Italian VLT business is an incredibly important one, and this agreement is testament to our commitment to its ongoing development,’ he continued.

Casino patrons can now compete in virtual reality tournaments in IGT’s “Virtual Zone”

 

LONDON and LAS VEGAS – March 20, 2018 – International Game Technology PLC (“IGT”) (NYSE: IGT) and Boyd Gaming (NYSE: BYD) announced today the deployment of IGT’s “Virtual Zone” platform at The Orleans Hotel and Casino in Las Vegas, Nev. This deployment marks IGT’s first virtual reality (“VR”) installation in a casino environment, and Boyd Gaming’s first VR entertainment offering.

IGT’s Virtual Zone is a competition arena designed specifically for casino floors that enables patrons to compete against each other for Slot Dollars in spirited VR tournaments, and enjoy competitive VR games in a physical installation. The first two games to launch in the Virtual Zone are tournament-compatible archery titles SiegeVR™ and ArcheryVR™.

“Boyd Gaming is excited to offer our customers the opportunity to compete for Slot Dollars in IGT’s Virtual Zone,” said Matt Ryan, Boyd Gaming Senior Vice President and Chief Marketing Officer. “Adding a Virtual Reality experience to The Orleans’ casino floor is a positive step toward enhancing our entertainment offerings with new, interactive content that can reward B Connected members and engage an expanded demographic of players.”

“IGT is pleased to bring our Virtual Zone VR solution to market with our valued customers at Boyd Gaming,” said Nick Khin, IGT Chief Commercial Officer, Gaming. “The Virtual Zone melds exceptional content with industry-leading hardware and proven tournament technology, to create a unique experience that Boyd Gaming can leverage to help differentiate its casino floors and drive incremental play.”

 

Members of Boyd Gaming’s B Connected loyalty club program can buy-into The Orleans’ daily VR tournaments for a flat fee. Two-person teams can compete in Siege VR tournaments, individuals can compete in Archery VR tournaments, or players can individually practice their Archery VR skills for a reduced fee.

For more information on Boyd Gaming’s B Connected program visit BConnectedOnline.com. For more information on IGT’s Virtual Zone, visit IGT.com.

Company Will Continue to Provide World-Leading Cooperative Services Program to Lotto Rheinland-Pfalz

LAS VEGAS and ATLANTA, March 20, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that the Company won a new, five-year contract from Lotto Rheinland-Pfalz GmbH (the "Lottery") to provide lottery instant games and its world-leading Cooperative Services Program (CSP) for instant game management in the southwest German state of four million residents.

Lotto Rheinland-Pfalz and Scientific Games have grown the Lottery's instant product sales nearly 382 percent since the Cooperative Services Program launched 10 years ago. The Company has supplied instant games to the Lottery for more than 30 years and also provides its lottery central gaming system, retailer terminals and sports betting.

"Scientific Games has collaborated with Lotto Rheinland-Pfalz on a full category management approach to marketing their instant games, and we are honored to have their trust in our partnership and continue our great work together for another five years," said John Schulz, Senior Vice President, Instant Products for Scientific Games.

CSP services provided to Lotto Rheinland-Pfalz from Scientific Games' Bielefeld, Germany facility include marketing, consulting, design and production of instant games, as well as inside sales (Telsell) warehousing and distribution for the Lottery's network of about 930 retailers.

"We are pleased that we were able to prevail in the Europe-wide tender and Lotto Rheinland-Pfalz once again chose Scientific Games as their instant games partner due to our local resources and knowhow, logistics infrastructure in close proximity to the Lottery's premises and retail network, as well as our more than four decades of experience with instant games," said Matthias Müller, Managing Director, Germany for Scientific Games.

Scientific Games launched the world's first secure instant game in 1974 and currently supplies approximately 70 percent of lottery instant games worldwide. The Company provides games, technology and services to more than 150 lotteries around the globe, including all 16 German lotteries.

© 2018 Scientific Games Corporation. All Rights Reserved.

LAS VEGAS, NV (March 19, 2018) – Gaming Laboratories International (GLI®) is pleased to announce that it has named veteran gaming executive Raul Bouchot Senior Client Services Representative. In joining GLI’s growing Client Service team, Bouchot will play a key role in providing unparalleled and personalized customer service to the company’s valued gaming and lottery clients across the country and around the world.

PHOTO: Download high res image here: http://bit.ly/2u3lVPa

“We are happy to welcome Raul to the Client Services team here at GLI,” said Manager of Client Services, Justine Clay. “Raul brings a wealth of gaming industry experience to his new position as Senior Client Services Representative. His expertise will no doubt enhance our ability to deliver world-class customer service to our valued clients.”

During his more than 25 years in the gaming industry, Bouchot has held key executive management positions with several major domestic and international gaming companies. His skill set includes a strong emphasis on the Australasia, European, and Latin American gaming sectors. He also brings a broad range of knowledge regarding slots and live and electronic table games.

Bouchot recently completed a consultancy as VP of Business Development with Vancouver, B.C.-based Jackpot Digital. He assisted Jackpot Digital’s senior management in developing a new company culture as part of the purchase by Jackpot Digital of electronic table game manufacturer Pokertek, Inc., where Bouchot had served as Sr. VP of Business Development.

Previously, Bouchot served as Business Development Manager for International Game Technology’s Multi-Player Series and Digi Deal product lines. He also was the Executive VP and COO of TCS America, Inc. (dba TCSJOHNHUXLEY), where he was responsible for bottom-line operational management encompassing all aspects of manufacturing, sales, and finance. Bouchot also held several key management positions at Shuffle Master Gaming, including VP of International Sales, Director of Sales, and Regional Sales Manager. He began his professional career at Tripp Plastics in Reno, Nevada, where he established the company’s casino sales division.

LAS VEGAS - March 16, 2018 - Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) today announced the Company has received two 2018 Communitas Awards honoring excellence in corporate social responsibility for ethical and environmental sustainability and for community service. The international Communitas Awards recognize exceptional businesses, organizations and individuals whose commitment sets them apart from their competition by changing the way they do business to benefit their employees, communities and the environment. The Communitas Awards are inspired by the vision of a better world through volunteerism, investment and ethical, sustainable business practices.

“We are extremely honored to be recognized for our global corporate social responsibility efforts,” said Kevin Sheehan, President and Chief Executive Officer of Scientific Games. “With more than 10,000 employees worldwide, Scientific Games strives to better our communities and planet by supporting programs and policies in the areas of corporate governance, responsible gaming, diversity and inclusion, environmental sustainability, supply chain integrity, charitable giving and volunteerism.”

In the 2018 Communitas Awards, Scientific Games received an Excellence in Ethical and Environmental Responsibility Award in the “Green Initiatives” category. As a global leader in gaming entertainment for casino, lottery, social and digital gaming, the Company believes in building sustainability into business processes and functions. The world’s largest provider of lottery instant “scratch” games, Scientific Games uses environmentally responsible practices to print and manufacture in ISO 14001-certified manufacturing facilities. Additionally, the Company proactively mitigates its impact on the environment, reducing air and water pollution, waste to landfill and energy use in its 207 global facilities and offices across 25 countries.

Scientific Games also received an Excellence in Corporate Social Responsibility Award in the “Making A Difference” category for its major humanitarian relief effort to send aid to Puerto Rico after back-to-back hurricanes devastated the U.S. island territory in September 2017. An employee-led effort resulted in more than 32 tons of water, food and supplies that Scientific Games airlifted and shipped to the devastated island and raised nearly $90,000 to help the recovery in Puerto Rico.

“This remarkable, grassroots humanitarian relief effort is tangible proof of how our employees truly care about others and are making a difference not only in their own community, but also in the communities of our global family,” said Sheehan.

Since 2010, the Communitas Awards have honored excellence in social responsibility and community service among individuals and organizations.

© 2018 Scientific Games Corporation. All Rights Reserved.

Company's Games, Technology and Services Will Power the Lottery for 15 Years

LAS VEGAS and ATLANTA, March 16, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") announces the official launch of the National Lottery of Kazakhstan (the "Lottery"), bringing lottery game entertainment to the Republic of Kazakhstan in Central Asia. The Lottery is operated by JSC Satty Zhuldyz, which was awarded a 15-year contract, with Scientific Games serving as the exclusive supplier of all games, technology and services.

Lottery instant "scratch" games and draw games, including numbers and Keno, are launching across a network of approximately 3,000 retailers in Kazakhstan, the world's 9th largest country in geographic size and the region's economic powerhouse generating 60 percent of Central Asia's GDP.

Alexandr Ten, President of JSC Satty Zhuldyz, said, "We are excited to work with Scientific Games to launch a socially responsible lottery in partnership with the Kazakhstan government. Our goal is to bring the fun and entertainment of lottery to the Republic of Kazakhstan by employing Scientific Games' 40 years of security, integrity and best practices launching highly successful lotteries around the globe."

Ten said that in addition to the enormous entertainment value for players, the lottery will deliver important revenue to the government to support the Kazakhstan Ministry of Sports and Culture, including the Kazakhstan Olympic team.

Jim Kennedy, Group Chief Executive, Lottery, for Scientific Games, said, "We are honored to be the exclusive lottery supplier in this important mission. Our expertise launching lotteries in many countries around the world, and our ability to deliver global best practices in the Republic of Kazakhstan, will have an immediate and positive impact on the National Lottery's performance, security and overall success for the citizens and government of Kazakhstan."

For the fourth year in a row, Scientific Games received international recognition as "Lottery Supplier of the Year" at the 2018 ICE Totally Gaming conference in London. The Company provides games, technology and services to more than 150 lotteries around the globe, including nearly every North American lottery.
© 2018 Scientific Games Corporation. All Rights Reserved.

MANILA, Philippines (March 15, 2018) – Gaming Laboratories International’s (GLI®) Asia-Pacific (APAC) operations, led by GLI Australia, is proud to announce that it has become the first independent accredited gaming test laboratory to successfully complete and issue IP Blocking Certificates for Philippine Offshore Gaming Operator (POGO) Licensees, pursuant to Philippine Amusement and Gaming Corp (PAGCOR)’s existing POGO Rules and Regulations.

GLI’s testing and resultant certificates were undertaken in accordance with a Memorandum issued by PAGCOR to all POGO Licensees, requiring them to ensure that their IP address(es) used for offshore gaming operation were not accessible within the jurisdiction of the Philippines, on or before March 15, 2018.

GLI’s Vice President of iGaming Salim Adatia said, “We are honored to be the first PAGCOR-accredited gaming laboratory to test and certify various IP blocking protocols and solutions for POGO Licensees. We knew the importance PAGCOR placed on this mandate and how paramount IP blocking integrity is to this jurisdiction, which now hosts the largest number of online gaming operators in the APAC region.”

“Through our Adelaide, Sydney, and Macau test facilities, we are delighted to provide PAGCOR POGO license holders with the highest quality and most effective IP blocking testing services in the industry,” added GLI Asia’s General Manager of Client Services, Marina Wong.

GLI is authorized to provide independent testing and professional services to the Philippines, all Australian states and territories, New Zealand, Macau, Singapore and other APAC gaming jurisdictions. With more than 20 years of operations in APAC, GLI is the most qualified and experienced independent gaming laboratory in the region. GLI has offered extensive expertise and services to online licensees relating to IP Blocking Testing, Game, Platform, RNG, and Live Dealer testing. The lab also provides training through GLI University®; field inspections; responsible gaming; and security audits of all sorts including penetration testing, vulnerability analysis, and threat and risk assessments.

LAS VEGAS, March 15, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced the Company has received two 2018 Communitas Awards honoring excellence in corporate social responsibility for ethical and environmental sustainability and for community service. The international Communitas Awards recognize exceptional businesses, organizations and individuals whose commitment sets them apart from their competition by changing the way they do business to benefit their employees, communities and the environment. The Communitas Awards are inspired by the vision of a better world through volunteerism, investment and ethical, sustainable business practices.

"We are extremely honored to be recognized for our global corporate social responsibility efforts," said Kevin Sheehan, President and Chief Executive Officer of Scientific Games. "With more than 10,000 employees worldwide, Scientific Games strives to better our communities and planet by supporting programs and policies in the areas of corporate governance, responsible gaming, diversity and inclusion, environmental sustainability, supply chain integrity, charitable giving and volunteerism."

In the 2018 Communitas Awards, Scientific Games received an Excellence in Ethical and Environmental Responsibility Award in the "Green Initiatives" category. As a global leader in gaming entertainment for casino, lottery, social and digital gaming, the Company believes in building sustainability into business processes and functions. The world's largest provider of lottery instant "scratch" games, Scientific Games uses environmentally responsible practices to print and manufacture in ISO 14001-certified manufacturing facilities. Additionally, the Company proactively mitigates its impact on the environment, reducing air and water pollution, waste to landfill and energy use in its 207 global facilities and offices across 25 countries.

Scientific Games also received an Excellence in Corporate Social Responsibility Award in the "Making A Difference" category for its major humanitarian relief effort to send aid to Puerto Rico after back-to-back hurricanes devastated the U.S. island territory in September 2017. An employee-led effort resulted in more than 32 tons of water, food and supplies that Scientific Games airlifted and shipped to the devastated island and raised nearly $90,000 to help the recovery in Puerto Rico.

"This remarkable, grassroots humanitarian relief effort is tangible proof of how our employees truly care about others and are making a difference not only in their own community, but also in the communities of our global family," said Sheehan.

Since 2010, the Communitas Awards have honored excellence in social responsibility and community service among individuals and organizations.

© 2018 Scientific Games Corporation.  All Rights Reserved.

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.

Increase player excitement with multiple betting opportunities and intense head-to-head play against the dealer with Stadium Casino War on the Fusion Hybrid! This exciting new game plays similar to traditional Casino War, however, this variation allows players to wager on up to seven betting locations at once, including an optional Tie bet. Additionally, operators have the option to deal three, five, or seven hands to participating players. Stadium Casino War requires the use of a podium and dedicated dealer, and promises to not only attract more players but also increase your profit potential!
 
Visit our website or contact your Scientific Games Account Executive for more information.
Scientific Games

This product may be covered by one or more U.S. patents
or pending patent applications listed at http://www.gamingipnotice.com/patents.
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Record Week of Sales Will Contribute $23 Million+ to Education in Florida

LAS VEGAS and ATLANTA, March 13, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") congratulates longtime customer the Florida Lottery (the "Lottery") on breaking the U.S. record for single week sales of instant games. The week ending March 4, 2018 Floridians purchased $123,841,686 in "scratch-offs", generating more than $23 million in contributions to the Educational Enhancement Trust Fund, benefiting students in Florida. More than 98.7 percent of the games sold were created by Scientific Games.

Currently ranked No. 4 worldwide for total instant game sales (La Fleur's Almanac), the Florida Lottery also experienced its best overall sales week of the fiscal year with $167,620,057 in total sales (instant and other games), with a total of approximately $40 million benefitting education in the state.

"We are thrilled to share that the U.S. lottery industry's latest record-breaking week in Florida was led by our new $30 100X The Cash game with more than $34,279,230 in retail sales," said Jim Poppell, Florida Lottery Secretary. "Our new game represented a remarkable 27.6 percent of the week's instant game sales. Floridians love the game, and last week they claimed more than $23.5 million in prizes playing it."

The new $30 100X The Cash also broke the Lottery's own record for individual instant game sales set last year by its $25 $10,000,000 World Class Cash game, which launched the same week the Lottery hit the U.S. weekly record for instant game sales in March 2017. Both games were designed and manufactured by Scientific Games.

One year ago, the Florida Lottery shattered the U.S. record with more than $105.2 million in weekly instant game sales the week ending March 5, 2017, which was topped by the California Lottery the last week of December 2017 with $112.1 million in weekly "scratcher" sales.

"Scientific Games congratulates the Florida Lottery and we are honored to celebrate breaking the U.S. record for weekly instant game sales with them," said John Schulz, Senior Vice President, Instant Products for Scientific Games. "We will continue our longtime collaboration with the Lottery to bring entertaining instant games to Floridians, along with our technology and services that help generate more contributions to the Educational Enhancement Trust Fund."

Instant games are an important part of the Florida Lottery's portfolio of games, comprising about 68 percent of its total sales last fiscal year. The Lottery participates in Scientific Games' Cooperative Services Program (CSP) which provides instant game design, programming, manufacturing, inside sales, marketing, warehousing, distribution and retail services. The Company serves more than 13,000 Florida Lottery retailers from its CSP facility in Orlando.

Scientific Games launched the world's first secure instant game in 1974. The Company provides games, technology and services to more than 150 lotteries around the globe, including nearly every North American lottery.

© 2018 Scientific Games Corporation. All Rights Reserved.

LONDON, March 13, 2018 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT), holder of the largest slot game feature patent portfolio in North America, announced that it has signed a patent cross-license agreement with the NOVOMATIC Group; a full-service provider in all segments of the gaming industry. Under the agreement, the NOVOMATIC Group can offer games including patented game features from the IGT portfolio, and will pay ongoing licensing fees to IGT. Financial terms of the agreement are confidential.

"Reaching this cross-licensing agreement with IGT enhances our global expansion strategy with access to compelling product features that have proven to be successful in North America and international markets," said Thomas Graf, CTO of NOVOMATIC AG. "We are very pleased to have this opportunity to expand our creative capacity with this vast portfolio of game features."

"We welcome NOVOMATIC to a comprehensive group of gaming industry leaders who have created a vast resource of game features patents," said Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive. "IGT's collaborative effort to build upon North America's largest slot game feature patent portfolio now encompasses a global patent pool that we believe can foster continued industry-wide innovation."

LONDON – March 12, 2018 – International Game Technology PLC (“IGT”) Wheel of Fortune® slots awarded two enormous jackpots in February 2018 that totaled more than $2.4 million dollars in payouts. 

Lucky slot players won the following life-changing jackpots on IGT games in February:

·         On Feb. 11, a Wheel of Fortune slots player won $1,230,391 at Boyd Gaming’s Fremont Hotel & Casino in Las Vegas, Nev.

·         On Feb. 18, a Wheel of Fortune slots player won $1,185,705 at Ho-Chunk Gaming Wisconsin Dells in Baraboo, Wis.

For more information, visit IGT.com or go to Facebook at facebook.com/IGT, follow us on Twitter, twitter.com/IGTnews or watch IGT videos on YouTube, youtube.com/igt.  

LAS VEGAS, NV (March 12, 2018) – Gaming Laboratories International (GLI®) has named Blaine Preston Senior Client Services Representative. In his new role, Preston will be responsible for delivering the highest level of customer service to key gaming and lottery clients.

Preston brings more than 15 years of professional experience in regulatory technical compliance, risk management, and security operations to his new role with GLI. Most recently, Preston served as Director of Security for the Missouri Lottery where he managed the Missouri Lottery’s security staff, investigations, and system security compliance program. Additionally, Preston was responsible for conducting in-depth licensing and background investigations, as well as managing lottery security oversight for more than 4,800 licensed retailers throughout Missouri.

Previously, Preston served as Enforcement Manager for the Missouri Gaming Commission. His responsibilities included regulatory compliance and enforcement, drafting rules and regulations, conducting investigations, and ensuring regulatory oversight of 13 Missouri-based casinos and corporate entities.

“It’s with great pleasure that we welcome Blaine to our growing GLI Client Services team,” said GLI Director of Client Services, Michael Capen. “His depth of experience working for both the Missouri Lottery and the Missouri Gaming Commission further enhances our ability to provide the world-class results and unmatched service our valued clients and customers have come to expect from GLI.”

Preston obtained a Bachelor of Science degree in Computer Information Systems from Missouri State University and is a Peace Officer Standards and Training (POST) trainer. He is the 2015 recipient of the Missouri Lottery Executive Director’s Award for successfully implementing Missouri’s statewide lottery system.

Celebrating its 20th anniversary, the FADJA American Gaming trade show this year
returns to the Corferias Exhibition Center in the Colombian capital of Bogotá, and is set to
be the biggest to date as gaming suppliers prepare to unfold their latest products and
technologies. NOVOMATIC Gaming Colombia will present a stellar line-up of marketleading
cabinets and games ready to inspire visitors around the region.

NOVOMATIC Gaming Colombia will showcase a range of highly-acclaimed products for
Colombia and Central American markets as a platinum sponsor of the 20th edition of FADJA on
April 5-6. Leading the line-up will be international hit cabinets – GAMINATOR® Scorpion that
presents NOVOMATIC content in ultra-sharp high-definition, and the V.I.P. Lounge™ that offers a
luxury gaming experience.

Standout cabinets throughout the region will also be on display, including NOVOSTAR® II, a
high-quality machine that is showing exceptional results in the Americas, as well as the stylish
IMPERATOR® S3 and DOMINATOR® Curve cabinets. A multitude of content will be presented,
with Colombian favourites Sizzling Hot™, Book of Ra™ and Lucky Lady’s Charm™ in addition to
new titles joining the favourite’s list such as Concurve games Big Five™ and Book of Ra™
XPAND.

As the gaming regulator Coljuegos develops the Colombian gaming industry with new
regulations, NOVOMATIC is able to offer a range of solutions for all sectors, with top-performing
products from small- to large-scale operations. And the product selection keeps growing – on
show will be a presentation of new, classic and market-focused games – including, for the first
time at FADJA, Impera Line™ HD Edition 6 with titles such as Amazon’s Diamonds™, Book of
Hera™ and Golden Ark™, as well as new fruit games Blue Moon™, Flaming Forties™ and Fruit
Cubes™.

Lawrence Levy, VP Global Sales NOVOMATIC, said: “As we continue to build our market share
and develop new products for Colombia and surrounding markets, we look forward to continued
collaboration with our customers and presenting our latest product highlights at FADJA.”
LAS VEGAS, March 12, 2018 (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and payments solutions, reported today that a lucky player at recently opened The Riverstar Casino in Terral, Oklahoma, won the Company’s second-ever wide-area progressive (“WAP”) jackpot on March 6th. The winner hit a jackpot of more than $990,000 while playing Black Diamond®, one of four three-reel mechanical game themes featured on Everi’s Jackpot Lockdown™ WAP link.

Jackpot Lockdown was one of the first WAP links developed exclusively for Class II markets, going live for the first time in late February 2017 at four casinos. The Jackpot Lockdown WAP link is currently available at 29 casinos in 10 states and includes games featuring premium licensed content.

“Our Jackpot Lockdown wide-area progressive linked games are proving to be very popular with casino patrons since their introduction and we are thrilled that one lucky player in Oklahoma hit a life changing jackpot,” said Dean Ehrlich, Executive Vice President and Games Business Leader for Everi. “Thanks to increasing player demand, more and more casinos are installing our high-performing games as they seek to increase the amount of value added content featured on their slot floor. Our premium games are an important component of our overall product strategy and we are excited that our games are resonating with a growing number of players.”

LAS VEGAS, March 12, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced the appointment of Robert O'Connor as Senior Vice President of Government Affairs, reporting directly to Chief Executive Officer Kevin Sheehan.

In this role, O'Connor will be responsible for developing and executing Scientific Games' global government relations and public affairs to support the Company's long-term strategies and raise its profile globally to support its existing business, new sector growth opportunities and emerging markets.

"Rob brings nearly three decades of government service and advocacy experience at the global, federal, state and local levels," said Scientific Games Chief Executive Officer Kevin Sheehan. "We look forward to capitalizing on his leadership, as we continue to grow and prosper in current jurisdictions, as well as expand into newly regulated territories."

O'Connor joins Scientific Games from Goldman Sachs, where he served as Vice President, Executive Office, Government Affairs. At Goldman Sachs, he managed political, legislative and regulatory advocacy with the U.S. Senate, U.S. House of Representatives and led company advocacy efforts in New York State, New York City and New Jersey. He also served as Treasurer of the Goldman Sachs Political Action Committee (GS PAC).

Prior to Goldman Sachs, O'Connor served as Majority Staff Director for the U.S. House of Representatives Committee on Homeland Security, where he led all Committee operations, strategy and personnel management. As Staff Director, he oversaw the successful passage of four significant pieces of legislation that were signed into law. Previously, he was Chief of Staff to U.S. Rep. Peter King(NY). 

O'Connor is a member of a number of alumni and veteran organizations, including Veterans on Wall Street(VOWS). In 2011, he was selected as a Rockefeller Fellow with the Partnership for New York City.

O'Connor is a graduate of the United States Military Academy at West Point with a Bachelor of Science in General Engineering.

© 2018 Scientific Games Corporation.  All Rights Reserved.

LAS VEGAS (March 8, 2018) – Aristocrat has filed a suit in the United States District Court in Nevada against AGS, LLC and PlayAGS, Inc. alleging federal trademark and trade dress infringement, as well as unfair competition.

Aristocrat is defending its proprietary Buffalo™ brand, franchise, and intellectual property.

Aristocrat’s Buffalo is one of the most popular and recognized brands in the gaming industry. The Buffalo series includes the original Buffalo game, as well as many subsequent versions, such as Buffalo Stampede™ and Buffalo Grand™.

“We will aggressively protect our market-leading brands and intellectual property in every jurisdiction. Buffalo is an iconic game franchise and an enduring player favorite. With this suit, Aristocrat is defending the brand and standing up against trademark and trade dress infringement, consistent with the best interests of customers and our company,” said Matt Wilson, Managing Director of the Americas.

Aristocrat filed the complaint on March 6, 2018 and has requested a jury trial. Aristocrat is seeking that AGS be preliminarily and permanently enjoined from all trademark infringement, false designation of origin, and unfair competition. Aristocrat is also seeking damages and other relief.
LAS VEGAS, NV (March 8, 2018) – More than 225 attendees from across the country and around the world converged at the iconic Luxor Las Vegas on March 7th for the first day of Gaming Laboratories International’s (GLI®) 18th Annual Regulators Roundtable.

PHOTOS: Download high res images at this link: http://bit.ly/2DaGSHj

Among the attendees were some of the most recognizable and influential Tribal gaming and state government leaders.

Presented by GLI University® and billed as the largest educational and networking event of its kind for gaming and lottery industry regulators, the two-day conclave is a mix of informative workshops and inspiring general sessions covering a wide range of mission-critical topics, such as advanced game concepts, blockchain technology, skill-based gaming, sports betting, eSports, and technical standards.

A packed general session heard Kerry Bubolz, president of the Vegas Golden Knights NHL hockey team, for an enthusiastically received keynote address highlighting the impact the Vegas Golden Knights have had on both Las Vegas and the sport of hockey in their inaugural year.

Then, GLI President and CEO James Maida took the stage with an address focused on the theme, “Everything we do, we do for you.” He said GLI is expanding its already world-class capabilities with four independent organizations – GLI, Bulletproof, Kobetron™, and SLI Compliance™ – united by the common purpose of continually serving clients better. Maida emphasized that GLI’s nearly 30 years of experience, more than 1,100 global employees, and 21 laboratories are unmatched in the industry.

Maida also stressed that because “bad guys are getting better,” it’s more imperative than ever for regulators to stay ahead of the game, “because the risks are too high for anything else.” He noted that, based on client feedback, GLI is focused on continuous improvement of people, products, and processes; adding that GLI will be expanding its education through free industry leading webinars, creating a technical point of contact for every regulator, and increasing the number of regional seminars.

Attendees also enjoyed a thought-provoking discussion by Maida and Chad Kornett, GLI’s Director of Technical Compliance, on the future of gaming innovation. Maida and Kornett engaged in a lively interchange covering such hot-button issues as cryptocurrency, sports betting, virtual reality, and the emergence of eSports and skill-based gaming.

A highlight of the opening day’s activities was the Innovation Room, where a large crowd of attendees got a glimpse into the future of gaming technology. GLI “brought the lab to you” with up-close-and-personal presentations from Bulletproof and Kobetron. Additionally, students from UNLV’s Center for Gaming Innovation showcased new and emerging technologies.

The exciting opening day of the 2018 North American Regulators Roundtable concluded with an exclusive VIP cocktail reception overlooking the glittering Las Vegas Strip at the top of the Mandalay Bay Resort & Casino. The chic House of Blues Foundation Room was the perfect setting for regulator attendees to meet and mingle directly with more than 160 gaming and lottery suppliers from around the world who joined the event, enjoying this rare opportunity to directly interact with such a large number of regulators.

Maida said, “We thank everyone for coming to support this conference.”

The North American Regulators Roundtable concludes on Thursday, March 8, 2018. More information about the Roundtable can be found at www.gaminglabs.com/roundtable2018.

Technology Will Integrate with Lottery's New, Advanced Gaming System

LAS VEGAS and ATLANTA, March 7, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that the Company was awarded a new five-year contract by the Arizona Lottery ("the Lottery") to provide administrative systems technology at the Lottery's Phoenix, Arizona, headquarters.

The Arizona Lottery's administrative systems will be integrated with its new, advanced gaming system and retail technology launched successfully by Scientific Games in 2016. The Company also provides the Lottery with lottery instant games, as well as a second chance program and future mobile functionality.

"The Arizona Lottery trusts the innovative systems solutions that Scientific Games has customized for our business," said Gregg Edgar, Executive Director of the Arizona Lottery. "Integrating the Lottery's administrative system with our new gaming system supports our objectives to continually improve productivity and accelerate responsible growth to increase our contributions to state beneficiaries."

As part of the new administrative system from Scientific Games, the Arizona Lottery will benefit from a flexible back-office platform aligned with its business priorities, a fully integrated suite of applications and a proven application architecture and platform. Additionally, the Company has proven implementation, customization and ongoing updates to its agile systems technology for lotteries around the world.

"Scientific Games' systems technology makes it easier and more efficient for the Arizona Lottery to manage their business. By integrating solutions from our recent acquisition of Lapis Software Associates, the enterprise system improves the Lottery's engagement with retail partners, offers faster and more convenient experiences for Arizona players, including prize payments," said Patrick McHugh, Senior Vice President, Lottery Systems for Scientific Games. "The new enterprise system ensures the Lottery's visibility, control, and financial auditing continue to operate with the highest level of efficiency and integrity."

Scientific Games is the fastest growing lottery systems provider in North America and the leading lottery systems provider in Europe. The Company provides games, technology, and services to more than 150 lotteries globally, including most North American lotteries.

© 2018 Scientific Games Corporation.  All Rights Reserved.

Industry Specialist Adds Significant Capabilities Across New SG Digital Division

LAS VEGAS, March 6, 2018 /PRNewswire/ -- Scientific Games Corporation's (NASDAQ: SGMS) ("Scientific Games" or the "Company") newly created SG Digital today announced leadership appointments to accelerate its customer-driven, product-led strategy across digital gaming, sports and iLottery.

Ashley Sandyford-Sykes will serve as Senior Vice President (SVP) of SG Digital's world-class content team. Sandyford-Sykes previously held a number of executive roles in the industry and has lectured on slot product development and content strategy. He will have full responsibility for SG Digital's nine game studios behind hit titles such as Rainbow Riches, Foxin' Wins® and Wild Play Superbet™. He will join SG Digital on May 1 and will be based at the Chiswick office in London.

The newly created SG Digital division of Scientific Games includes OpenBet™, the world's leading B2B Sportsbook platform; the player account platform Open Platform System (OPS); the industry's most powerful content aggregation networks via its Open Gaming System (OGS) and former SG Interactive's Game Server; nine independent game studios; and the award-winning SG Universe® Platform.

"We've formed an extremely powerful team of technology and product leaders who are moving quickly with a dual focus. Firstly, maturing our EU-centric development and product capabilities to better support our larger UK and EU customer base, and secondly, establishing new capabilities in North America to meet the growing demand for our gaming products and be prepared for sportsbook expansion, should the U.S. become a newly regulated market," commented Davey.

Sandyford-Sykes' arrival completes the full set of previously announced product and technology appointments including Former Ladbrokes Chief Product Officer and Sportsbook Director Keith O'Loughlin who joined as SVP Sportsbook and Platforms; Dylan Slaney, previously a Global Innovation Director at Dunn Humby, who will serve as SVP Gaming; and ex-Oracle VP Chris Armes as the division's Chief Technology Officer. Sandyford-Sykes, O'Loughlin, Slaney and Armes will report to SG Digital's Chief Operating Officer, Jason Walbridge.

Matt Davey, Group Chief Executive, SG Digital, said, "We are excited by the reception SG Digital received at ICE Totally Gaming and the opening of our new Krakow development center, designed to meet the increased demands of our expanding product portfolio. As an executive team, we are filled with a powerful sense of what we need to do to stand up and seize the opportunity in front of us. The changes announced today are aligned with that ambition, and I look forward to leading a division of outstanding product and technology talent."

In addition to the product and technology appointments, current Scientific Games' Legal Director for the UK, Sue Dawson will take on the additional role of Deputy General Counsel SG Digital. Her previous professional experience includes Assistant General Counsel for Gala Coral Group and Head of UK Legal for Inspired Group. Ryan Ripley will take on the role of interim Chief Financial Officer for SG Digital.

"As SG Digital, as an executive team, as individuals, our goal is to deliver on our customer-driven, product-led strategy with clear focus at speed," commented Davey. "As SG Digital and across the entire Scientific Games Corporation, we are on our way."

For more information on global opportunities across SG Digital, please visit: www.sgdigital.com/careers

The luck of China and the excitement of Aristocrat’s E*SeriesTM come together in Fu Fu FuTM, Aristocrat’s newest Class III game for North America. Housed in the sleek Arc SingleTM cabinet, Fu Fu Fu is the latest game in the revered E*Series line of entertainment-style games, and amuses players with thrilling game play, enchanting music, and multiple chases for big wins, such as free games or one of five standalone jackpots.

Dragons, lions, other lucky symbols comprise the attractive Asian art package that creates the charming world of Fu Fu Fu.

Adding to the fun, a metamorphic symbol triggers an exciting Wild ShowerTM Feature, where, at the beginning of a random spin, Wilds up to 3X are dropped onto the reels for big line hits, a player-favorite feature that was well-received in the hit game SharknadoTM. Plus, a WYSIWYG (what you see is what you get) Jackpot (with or without multipliers) and near misses, paired with the popular multi-denom lobby provide scaled two-level bonuses.

Other features include Free Games with re-trigger, which is triggered by 3 or more Free Games symbols, with possible 2x or 3x multipliers awarded by special Free Games symbol on reel 5. Players can win up to 120 free games!

Fu Fu Fu is a high volatility game with multi-denomination options ranging from 1c-$50.

Contact your Aristocrat representative at (702) 270-1000 and bring the luck of Fu Fu Fu to your casino floor today.

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.

 

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.

 

LAS VEGAS, Feb. 26, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or "the Company") today announced it has closed on the acquisition of a majority stake in E-SYS Techologia EM Informática S.A. ("EsysnetG"), a video bingo content studio based in Sao Paulo, Brazil.

"We are excited to welcome EsysnetG into the Scientific Games family. This acquisition will enable us to provide our customers with expanded, engaging video bingo content and is yet another example of our continued investment in solutions that help the Company offer the broadest portfolio of innovative products in the industry," said Scientific Games' Group Chief Executive, Gaming Derik Mooberry.

Mauricio Lara, the founder of EsysnetG, has a long history of developing math models, engines, and video bingo content for multiple markets.

This acquisition provides Scientific Games access to EsysnetG's existing and future video bingo content for the development of online, mobile, and land-based games that can be placed in markets around the globe.

EsysnetG is a privately held company and financial terms were not disclosed.
LONDON, Feb. 26, 2018 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) announced that its subsidiary, IGT Global Solutions Corporation (with International Game Technology PLC, hereinafter "IGT"), was awarded the lottery system and other services contract (the "Contract") with the South Carolina Education Lottery ("SCEL") to provide a new draw-based central system, new lottery terminals, a back-up, multifaceted communications network, and ongoing services. The Contract will run for 10 years from the "go live" date of May 13, 2018 and is the result of the State's competitive procurement.

"Since its beginnings, the SCEL has effectively maintained itself as a successful and highly efficient traditional lottery and an essential source of funds for schools and scholarships," said Jay Gendron, IGT COO, Lottery. "To support the SCEL's long-term objectives, IGT will provide customized, high-performance back-office systems, heighten retailer satisfaction, and responsibly deliver sustained net proceeds – all cultivated through a collaborative relationship that puts the SCEL's needs first."

Under the terms of the Contract, IGT will provide the SCEL with industry-leading tools including components of IGT's Aurora™ platform. Aurora Open Retail, a new retail solution software architecture, will enable the SCEL to support multiple types of retailer solution devices in an efficient manner, improving time to market.  Additionally, the SCEL will receive Aurora Navigator user interface and a new set of back-office components for lottery personnel who will have the ability to customize the look and feel of the interface to meet their exact needs, help them better manage their business, and enhance productivity.

The SCEL will also receive IGT's Altura™ Flex draw-based lottery terminal which features a highly-configurable platform derived from the successful Altura GT1200 product, and a smaller footprint. A new reader for play slips is designed to reduce maintenance cycles and improve throughput. A high-resolution wide-screen retailer display will enhance the ease of use and productivity of retailers.

The latest Aurora MultiMedia digital advertising display solution will be provided to stimulate increased brand awareness, winner awareness, and player recognition of jackpots and game activities, directly at the point-of-sale. Ticket-Scan™ Plus will also be installed in retail locations allowing for players to easily check whether their tickets won. The current communications network will be replaced with IGT's patented Dual Comm Inside, comprising a combination of next-generation VSAT and cellular-based technology, providing the SCEL with unparalleled network availability.

IGT is in the process of finalizing the build-out of its primary data center located in Columbia, South Carolina, and will be providing services to the SCEL including installation and maintenance of the new central system, terminals, and communications network; retailer training; and field services. IGT will also provide backup data center services from its Data Center of the Americas facility located in Austin, Texas.

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