PR Newswire
NEW YORK, July 3, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating PlayAGS, Incorporated (NYSE: AGS), relating to its proposed merger with affiliates of Brightstar Capital Partners ("Brightstar"), a middle market private equity firm. Under the terms of the agreement, AGS shareholders will receive $12.50 per share in cash for each share of common stock owned as of the closing of the transaction.
Releases Open Letter to AGS Stockholders Outlining Intention to Vote AGAINST Inadequate Proposal
NEW YORK, May 14, 2024 /PRNewswire/ -- Emmett Investment Management LP ("Emmett"), an investment manager focused on small and mid-cap equities across developed markets and owner of approximately 1.5% of the outstanding stock of PlayAGS, Inc. (NYSE: AGS)("AGS" or the "Company"), today released an open letter to AGS stockholders outlining its intention to vote AGAINST the Company's inadequate proposed take-private transaction with Brightstar Capital Partners, which it believes significantly undervalues the Company.
NEW YORK, May 10, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating PlayAGS, Incorporated (NYSE: AGS), relating to its proposed merger with affiliates of Brightstar Capital Partners ("Brightstar"), a middle market private equity firm. Under the terms of the agreement, AGS shareholders will receive $12.50 per share in cash for each share of common stock owned as of the closing of the transaction.
NEW YORK, May 9, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
PlayAGS, Incorporated (NYSE: AGS)'s sale to affiliates of Brightstar Capital Partners for $12.50 per share in cash. If you are a PlayAGS shareholder, click here to learn more about your rights and options.
LAS VEGAS, Nov. 16, 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 unveiled its first-to-market branded slot room concept at Miccosukee Casino & Resort in Miami, Florida.
Mimicking the fun-loving, charismatic nature of Cornsquealius, the main pig character from AGS' fan-favorite slot game, Rakin' Bacon®, the space features an angelic neon selfie wall, a floor-to-ceiling mural with heavenly floating pigs, LED billboard-wrapped entrances, and 33 of AGS' top-performing titles, including Rakin' Bacon and Rakin' Bacon Deluxe® games.
Third Quarter 2023 Highlights:
Total Revenue Increased 14% Y/Y to $89.4 Million; Strong Growth Achieved Across All Three SegmentsDomestic EGM Recurring Revenue Grew 6% Y/Y; Far Outpacing Market-Wide GGR TrendsGlobal EGM Sales Increased More Than 30% Y/Y to 1,345 UnitsInteractive Revenue Reached a Record $3.1 Million; Y/Y Growth Surpassed 20%Generated a Modest Net Loss of $156 ThousandAdjusted EBITDA Eclipsed $40 Million for the First Time; Adjusted EBITDA Margin Expanded 90bps Y/YCash From Operations Totaled $30 Million; Free Cash Flow Grew to a Record $12.7 MillionNet Leverage Fell to 3.4x at Quarter End; Within the Targeted Year-End Range of 3.25x to 3.50x
LAS VEGAS, Oct. 17, 2023 /PRNewswire/ -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will release its financial results for the third quarter ended September 30, 2023, after the market close on Tuesday, November 7, 2023. The Company will host an investor conference call and live webcast the same day at 5 p.m. EST to further discuss its third quarter financial performance.
LAS VEGAS, Oct. 4, 2023 /PRNewswire/ -- The 2023 Global Gaming Expo ("G2E") in Las Vegas, to be held October 10 to 13, marks the beginning of a new era for 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.
At G2E, AGS invites customers "backstage" to experience a legendary lineup of star-studded products taking center stage at booth 1253, including a new slot cabinet, game themes and product configurations, as well as innovative table enhancements and a turbo-charged lineup of new interactive game content.
LAS VEGAS, Sept. 27, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE: AGS or "the Company"), a leading supplier of slot, table, and interactive products and services to the global gaming industry, today announced it recently received approval to place its growing portfolio of high-performing electronic gaming machines ("EGMs") and table products with casino operators in Colorado and Missouri. This entrance marks a significant milestone for AGS and further supports the Company's mission to become a top-tier gaming supplier in North America.
LAS VEGAS, Aug. 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 that Robert "Bob" Blair will join the Company as Deputy General Counsel, effective immediately.
"Bob is an exceptional legal mind who is a valuable addition to the AGS leadership team," said Rob Ziems, AGS Chief Legal Officer and Secretary. "With his extensive knowledge and experience on corporate legal affairs and patent matters, Bob will be a key player in protecting and advancing our business and our brand as AGS continues to capitalize on many growth opportunities ahead."
Second Quarter 2023 Highlights:
Total Revenue Increased 17% Y/Y to a Record $89.8 Million; Growth Achieved Across All Three Business SegmentsGlobal EGM Sales Topped 1,250 Units; Up 35% Y/Y and 7% Ahead of Q2 2019Domestic EGM Recurring Revenue Grew 7% Y/Y; Third Consecutive All-Time Quarterly RecordTable Product Revenue Advanced 25% Y/Y to a Record $4.4 MillionGenerated Net Income of $851 ThousandAdjusted EBITDA Increased by over 15% Y/Y to a Record $39.6 MillionCash From Operations Eclipsed $25 Million; Free Cash Flow Reached $12.6 Million (+38% Y/Y)Lowering Targeted Year-End 2023 Net Leverage Range to 3.25x to 3.50xDie hier zur Verfügung gestellten Informationen unterliegen keiner redaktionellen Bearbeitung. Die Aufbereitung erfolgt vollautomatisch und wird durch Zusatzinformationen und weiterführende Recherchemöglichkeiten angereichert. Ziel der Inhalte ist die schnelle und unkomplizierte Versorgung der Informationssuchenden mit den für sie relevanten Informationen. Durch eine Rückverlinkung auf den Informationsanbieter und -eigentümer ist sichergestellt, dass die hier aufbereiteten Daten bei Bedarf mit den Quellinformationen abgeglichen werden können. Das Newsboard zeigt keine Informationen in Echtzeit. Diese bitten wir bei Bedarf beim Börsenbetreiber abzurufen. Es besteht kein Anspruch auf Vollständigkeit. Hochverfügbarkeit kann nicht gewährleistet werden. Sollten Sie Fehler in der Funktionsweise bemerken, teilen Sie uns diese über das weiter unten befindliche Formular "Report a Bug" mit.
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