PlayAGS

PlayAGS, Inc. designs and supplies gaming products. The company operates through following business segments: Electronic Gaming Machines, Table Products, and Interactive Social Casino Games. The Electronic Gaming Machines segment includes server-based and back office systems. The Table Products includes live felt table games, side bets and card shuffler. The Interactive Social Casino Games segment provides casino games on desktop and mobile devices. Its products include slots, cabinets, interactive and table games. PlayAGS was founded in August 2013 and is headquartered in Las Vegas, NV.

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PlayAGS (AGS) reports record Q4 earnings, eyes growth opportunities

PlayAGS (AGS) delivered a stellar Q4 2022, focusing on growth, reducing leverage, and generating cash flow. Strong performance in premium games and new market approvals signal positive momentum. Company poised for continued success in 2023.

PlayAGS achieves record revenues in Q1 2023, eyes market expansion

PlayAGS demonstrated robust financial performance in Q1 2023 with record revenues and EBITDA, showcasing growth across all business segments.
The company's focus on content creation, interactive business expansion, and market penetration highlights strategic initiatives for sustained growth.
While facing challenges in deleveraging and exploring new categories, PlayAGS is well-positioned to capitalize on market opportunities and drive future growth.

PlayAGS (AGS) reports strong Q2 earnings, eyes growth opportunities

PlayAGS (AGS) delivered robust financial results in Q2 2023, showcasing growth across key revenue streams and a focus on deleveraging for financial strength.
The company's performance in domestic Game ops and EGM sales, along with advancements in table products and interactive segments, bode well for future growth.
While challenges exist in talent retention and market expansions, PlayAGS (AGS) is strategically positioned to capitalize on opportunities for innovation and expansion.

PlayAGS reports robust Q3 performance, eyes growth through new products

PlayAGS showcased strong financials, product momentum, and commitment to growth. Focus on deleveraging and expanding product portfolio to drive future success.

PlayAGS (AGS) reports stellar Q4 results, eyes international expansion

PlayAGS (AGS) delivered strong financial performance in Q4 2023, showcasing growth across key segments and a focus on deleveraging. The company's emphasis on product innovation, market expansion, and improving cash flow conversion rate bode well for future growth.

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PlayAGS, Inc. designs and supplies gaming products. The company operates through the following business segments: Electronic Gaming Machines, Table Products, and Interactive Social Casino Games. The Electronic Gaming Machines segment includes server-based and back-office systems. The Table Products segment includes live felt table games, side bets and card shuffler. The Interactive Social Casino Games segment provides casino games on desktop and mobile devices. Its products include slots, cabinets, interactive and table games. The company was founded in August 2013 and is headquartered in Las Vegas, NV.

Fourth Quarter  2022  Highlights: Total Revenue Increased 16% Y/Y to a Record $81.7 Million; Up Sequentially for the Eighth Consecutive Quarter Net Income Reached a Record $2.5 Million Adjusted EBITDA Improved 16% Y/Y to a Quarterly Record $37.3 Million Achieved Year-End 2022 Net Leverage Target of less than 4.0x Domestic EGM Recurring Revenue Grew to a Record $46.8 Million; Up 8% Y/Y and 13% Ahead of Q4 2019 Domestic Premium EGM Mix Reached 15% at Year End; Footprint Has Grown for Twelve Straight Quarters Global EGM Sales Eclipsed 1,000 Units for the Second Consecutive Quarter; Highest Level Achieved Since Q4 2019 Targeting to Exit 2023 With Net Leverage in the Range of 3.25x to 3.75x LAS VEGAS , March 9, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we" or the "Company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the fourth quarter and full year ended December 31, 2022. Commenting upon the Company's fourth quarter financial performance, AGS President and Chief Executive Officer David Lopez said, "Our record-setting fourth quarter results reflect the accelerating returns we continue to realize on investments made into our R&D, sales and product management teams over the past several years.

AGS REPORTS RECORD FOURTH QUARTER 2022 RESULTS

LAS VEGAS , Feb. 16, 2023 /PRNewswire/ -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2022 after the market close on Thursday, March 9, 2023. The Company will host an investor conference call and live webcast the same day at 5 p.m.

AGS to Report Fourth Quarter and Full Year 2022 Results on Thursday, March 9, 2023

LAS VEGAS, Feb. 13, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced that Robert "Rob" Ziems will join the Company as Chief Legal Officer, effective immediately. Ziems brings over 24 years of gaming and legal experience to AGS and will lead the Company's legal and compliance affairs and oversee the Latin America and Interactive business strategy.

Robert Ziems Joins AGS as Chief Legal Officer

DraftKings

LAS VEGAS , Feb. 6, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced a new online game content partnership with DraftKings, Inc. (Nasdaq: DKNG). Per the terms of the arrangement, AGS will provide DraftKings Casino with over 20 of its proprietary slot titles to help turbocharge DKNG's North American i-casino operations.

AGS Partners with DraftKings Casino to Offer Award-Nominated Online Slot Games

LAS VEGAS , Jan. 27, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced the Company's Board of Directors (the "Board") has appointed Mr. Adam Chibib, current Board member and Lead Independent Director, as Chairman of the Board.

AGS Appoints Industry Veteran and Lead Independent Director Adam Chibib as Chairman of the Board

LAS VEGAS , Jan. 24, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced a new online game content partnership with Caesars Sportsbook & Casino. Through the partnership, AGS will provide Caesars with a variety of its high-performing online game content, helping to turbocharge the operator's online real-money gaming ("RMG") operations.

AGS Expands Its Partnership with iGaming Operator Caesars Sportsbook & Casino

LAS VEGAS , Nov. 15, 2022 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company"), today announced the pricing of the previously announced secondary public offering of 8,208,076 shares of the Company's common stock, par value $0.01, by an entity managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholder"). The shares of common stock to be sold in this offering represent all of the shares held by the Selling Stockholder in the Company.

AGS ANNOUNCES PRICING OF SECONDARY OFFERING

LAS VEGAS , Nov. 14, 2022 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company"), today announced the commencement of a secondary public offering of 8,208,076 shares of the Company's common stock, par value $0.01, by an entity managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholder"). The shares of common stock to be sold in this offering represent all of the shares held by the Selling Stockholder in the Company.

AGS ANNOUNCES PROPOSED SECONDARY OFFERING

PlayAGS, Inc. (NYSE:AGS ) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Brad Boyer - Senior Vice President, Corporate Operations and IR David Lopez - President and Chief Executive Officer Kimo Akiona - Chief Financial Officer Conference Call Participants Jeff Stantial - Stifel Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities David Katz - Jefferies Chad Beynon - Macquarie Edward Engel - ROTH Capital Operator Hello, and welcome to today's AGS Q3 2022 Earnings Conference Call. My name is Elliot, and I'll be coordinating your call today.

PlayAGS, Inc. (AGS) Q3 2022 Earnings Call Transcript

PlayAGS (AGS) delivered earnings and revenue surprises of 133.33% and 3.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

PlayAGS (AGS) Surpasses Q3 Earnings and Revenue Estimates

Third Quarter  2022  Highlights: Global EGM Sales Eclipsed 1,000 Units for the First Time Since Q4 2019 Domestic EGM Recurring Revenue Topped $45 Million; Up 4% Y/Y and 8% Ahead of Q3 2019 Domestic Premium EGM Footprint Increased 18% Sequentially; Eleventh Consecutive Quarterly Increase Domestic EGM RPD Exceeded $30 for the Sixth Consecutive Quarter Domestic EGM Installed Base Expanded for the Second Straight Quarter; Up by over 300 Units YTD Table Products Adjusted EBITDA Reached a Record $2.6 Million On Pace to Achieve Year-End 2022 Net Leverage Target of less than 4.0x LAS VEGAS , Nov. 8, 2022 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we" or the "Company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the third quarter ended September 30, 2022. Commenting upon the Company's third quarter performance, AGS President and Chief Executive Officer David Lopez said, "Our third quarter financial results further reflect the people, product and process-driven operating momentum building within our business.

AGS REPORTS THIRD QUARTER 2022 RESULTS

PlayAGS (AGS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PlayAGS (AGS) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

In 2020, we looked at the gaming equipment sector and saw a niche operator punching above its weight. A possible takeover deal spiked the stock last month. But we agree with management's rejection at $10.

PlayAGS: This Small Gaming Equipment Maker Shows Resilience And Possible Upside Ahead

LAS VEGAS , Oct. 18, 2022 /PRNewswire/ -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will release its financial results for the third quarter ended September 30, 2022 after the market close on Tuesday, November 8, 2022. The Company will host an investor conference call and live webcast the same day at 5 p.m.

AGS to Report Third Quarter 2022 Results on Tuesday, November 8, 2022

LAS VEGAS , Sept. 28, 2022 /PRNewswire/ -- AGS (NYSE: AGS) or (the "Company") announced today that it will showcase a new level of product diversity and innovation in all three of its business divisions: Electronic Gaming Machines ("EGM's"), Table Products, and Interactive at the 2022 Global Gaming Expo ("G2E") held Oct. 11 – 13 in Las Vegas, Nevada.

AGS Takes its Portfolio to A New Level at the 2022 Global Gaming Expo in Las Vegas

Inspired Entertainment

Gaming equipment provider Inspired Entertainment has made a $370 million offer to acquire slot machine maker PlayAGS Inc, people familiar with the matter said on Friday.

Exclusive: Inspired Entertainment in bid to buy slot machine maker PlayAGS - sources

PlayAGS, Inc. (NYSE:AGS ) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Brad Boyer - Senior Vice President, Corporate Operations and IR David Lopez - Chief Executive Officer Kimo Akiona - Chief Financial Officer Conference Call Participants Barry Jonas - Truist Securities Jeff Stantial - Stifel Chad Beynon - Macquarie Edward Engel - ROTH Capital David Katz - Jefferies Operator Good afternoon. And thank you for attending today's PlayAGS Q2 2022 Earnings Call.

PlayAGS, Inc.'s (AGS) CEO David Lopez on Q2 2022 Results - Earnings Call Transcript

PlayAGS (AGS) delivered earnings and revenue surprises of 233.33% and 3.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

PlayAGS (AGS) Q2 Earnings and Revenues Surpass Estimates

Second Quarter  2022  Highlights: Domestic EGM Recurring Revenue Increased 1% Y/Y to a Record $46.2 Million Premium EGM Installed Base Nearly Doubled Y/Y and Grew by 15% Sequentially Domestic EGM RPD Increased 6% Sequentially; Topped $30 for the Fifth Consecutive Quarter Generated $1.5 Million of Net Income; First Net Profit Since Q4 2019 Adjusted EBITDA Increased 6% Y/Y to $34.1 Million Table Products Adjusted EBITDA Reached a Record $2 Million On Pace to Achieve Year-End 2022 Net Leverage Target of less than 4.0x LAS VEGAS , Aug. 8, 2022 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS) ("AGS", "us", "we" or the "Company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the second quarter ended June 30, 2022. In addressing the Company's second quarter financial performance, AGS President and Chief Executive Officer David Lopez said, "Our second quarter results reflect the growing returns we are realizing as a result of the significant investments made into our R&D, sales and product management teams over the past 24 months.

AGS REPORTS SECOND QUARTER 2022 RESULTS

LAS VEGAS , Aug. 1, 2022 /PRNewswire/ -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will now release its financial results for the second quarter ended June 30, 2022 after the market close on Monday, August 8, 2022. The Company will host an investor conference call and live webcast the same day at 5 p.m.

AGS Moves Second Quarter 2022 Results Release Date to Monday, August 8, 2022

LAS VEGAS , July 19, 2022 /PRNewswire/ -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will release its financial results for the second quarter ended June 30, 2022 after the market close on Tuesday, August 9, 2022. The Company will host an investor conference call and live webcast the same day at 5 p.m.

AGS to Report Second Quarter 2022 Results on Tuesday, August 9, 2022

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LAS VEGAS , July 13, 2022 /PRNewswire/ -- AGS (NYSE: AGS) is pleased to announce its recognition as one of the 2022 Best and Brightest Companies to Work For® in the Nation and Atlanta by the National Association for Business Resources (NABR). The commercial gaming supplier, which provides high-performing slot, table, and interactive products to casino operators has received honors in the employee-nominated award consecutively since 2017.

AGS Named A 2022 Best and Brightest Company to Work For in the Nation and Atlanta for the Sixth Consecutive Year

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Experienced Gaming Executive Increases Depth of AGS Board LAS VEGAS , July 12, 2022 /PRNewswire/ -- AGS (NYSE: AGS) (or the "Company") today announced that David Jacques Farahi has been elected to AGS' Board of Directors, and will serve on the Company's Nominating and Governance, Compensation and Audit committees. Farahi serves as Executive Chairman of Quick Custom Intelligence since his appointment in 2022.

AGS Names David Jacques Farahi To Its Board Of Directors

LAS VEGAS , June 16, 2022 /PRNewswire/ -- AGS (NYSE: AGS or "the Company") CEO David Lopez issued the following statement after the announcement of the United States Supreme Court decision siding with certain Tribes in Texas (the Tribes at issue are the Ysleta del Sur and Alabama and Coushatta Indian Tribes of Texas, which operate the Speaking Rock and Naskila Gaming facilities, respectively) to allow bingo gaming on their Tribal lands, without regulatory oversight from the State of Texas. The Court's ruling on Wednesday determined that these Texas Tribes have the autonomy to regulate electronic bingo games on their lands, in compliance with the Indian Gaming Regulatory Act ("IGRA") like most other Tribes in America, regardless of the state's rules on bingo, which is permitted in the State of Texas.

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