PlayAGS, Inc. designs and supplies gaming products and services for the gaming industry in the United States and internationally. It operates through three segments: Electronic Gaming Machines (EGM), Table Products, and Interactive Games (Interactive). The EGM segment offers various video slot titles for the marketplace; and EGM cabinets, including the Alora, Orion Portrait, Orion Rise, Orion Upright, ICON, Big Red, and Orion Slant. This segment also provides conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform. It serves Class II Native American, Mexico, and the Philippines gaming jurisdictions, as well as Class III Native American, commercial, and charitable jurisdictions. The Table Products segment offers table products, including live felt table games, side bet offerings, progressives, card shufflers, signage, and other ancillary table game equipment, as well as table technology related to blackjack, poker, baccarat, craps, and roulette. This segment also provides Dex S, a single deck card shuffler for poker tables. Its brands include In Bet, Buster Blackjack, Double Draw Poker, and Criss Cross Poker. The Interactive segment offers a platform for business-to-business content aggregation used by real-money gaming and sports-betting partners; and business-to-consumer social casino games through its mobile app, Lucky Play Casino. The company was formerly known as AP Gaming Holdco, Inc. and changed its name to PlayAGS, Inc. in December 2017. PlayAGS, Inc. was incorporated in 2005 and is headquartered in Las Vegas, Nevada.
IPO Year: 2018
Exchange: NYSE
Website: playags.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/5/2024 | $16.00 | Buy | B. Riley Securities |
9/7/2023 | $11.00 | Mkt Outperform | JMP Securities |
5/15/2023 | $7.00 → $10.00 | Hold → Buy | Jefferies |
4/27/2022 | Buy | ROTH Capital |
SCHEDULE 13G - PlayAGS, Inc. (0001593548) (Subject)
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B. Riley Securities resumed coverage of PlayAGS with a rating of Buy and set a new price target of $16.00
JMP Securities initiated coverage of PlayAGS with a rating of Mkt Outperform and set a new price target of $11.00
Jefferies upgraded PlayAGS from Hold to Buy and set a new price target of $10.00 from $7.00 previously
ROTH Capital resumed coverage of PlayAGS with a rating of Buy
B. Riley Securities initiated coverage of PlayAGS with a rating of Buy and set a new price target of $21.00
Truist upgraded PlayAGS from Hold to Buy and set a new price target of $12.00
Credit Suisse Group upgraded PlayAGS from Neutral to Outperform
Credit Suisse upgraded PlayAGS from Neutral to Outperform and set a new price target of $13.00 from $3.72 previously
Macquarie reiterated coverage of PlayAGS with a rating of Outperform and set a new price target of $10.00 from $8.00 previously
Deutsche Bank Aktiengesellschaft reiterated coverage of PlayAGS with a rating of Hold and set a new price target of $10.00 from $6.00 previously
LAS VEGAS, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Global gaming supplier AGS (NYSE:AGS) will serve a full-course menu of delectable gaming experiences, including high-performing slot and iGaming content, cutting-edge cabinets, and revolutionary table game innovations at the 2024 Global Gaming Expo ("G2E") in Las Vegas on October 8 to 10. Products for Every Space, Games for Every PalateAs AGS continues to evolve and secure its place among the top four slot suppliers in North America, its G2E showcase will highlight its ability to outfit nearly every corner of the casino floor and satisfy every player's appetite. AGS will debut not one, not two, but three form factors from its new Spectra
LAS VEGAS, Sept. 23, 2024 (GLOBE NEWSWIRE) -- AGS (NYSE:AGS), a leading supplier of high-performing slot, table, and interactive gaming products to casino operators, is proud to announce its recognition as one of the 2024 Best and Brightest Companies to Work For in the Nation and Atlanta by the National Association for Business Resources (NABR). 2024 marks the eighth consecutive year in which AGS has received recognition. Concurrently, AGS has been named to the Las Vegas Review-Journal and Business Press, The Atlanta-Journal Constitution, and The Oklahoman's prestigious 2024 Top Workplaces lists. These awards recognize AGS' dedication to creating a workplace that ensures a healthy organ
OKLAHOMA CITY, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Inc. (NYSE:AGS), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced it will showcase its new mechanical stepper, innovative slot games, award-winning table progressives, and more at the Oklahoma Indian Gaming Association ("OIGA") trade show on August 13 – 14. Here are the top products to see at OIGA in Booth 732: An award-winning progressive platform for poker rooms: AGS continues to innovate on its proven table game progressive side bet systems and will showcase its latest innovation, Bonus Spin™ Xtreme for poker rooms. With an embedded table d
LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Inc. (NYSE:AGS) ("AGS" or the "Company"), a supplier of high-performing slot, table, and interactive products to the global gaming industry, today announced that, at a special meeting of its stockholders held on August 6, 2024 ("the Special Meeting"), AGS stockholders voted to approve the Company's acquisition by affiliates of Brightstar Capital Partners. The final voting results of the Special Meeting will be reported on a Form 8-K filed by AGS with the U.S. Securities and Exchange Commission. The transaction is expected to close in the second half of 2025 and is subject to customary closing conditions, including the receipt of reg
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. The full text of the letter follows: May 14, 2024 Dear Fellow Stockholders, Emmet
LAS VEGAS and NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE:AGS) ("AGS" or the "Company"), a global gaming supplier of high-performing slot, table, and interactive products, today announced that it has signed a definitive agreement to be acquired by affiliates of Brightstar Capital Partners ("Brightstar"), a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses. The Company's Board of Directors has unanimously approved, and recommended that the Company's stockholders approve, the agreement. AGS shareholders will receive $12.50 per share in cash. The per share purchase price represents a 41% premium to t
LAS VEGAS, April 24, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE:AGS) ("AGS" or the "Company") today announced it will release its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, May 9, 2024. The Company will host an investor conference call and live webcast the same day at 5 p.m. EDT to further discuss its first quarter financial performance. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q1 2024 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
LAS VEGAS, April 03, 2024 (GLOBE NEWSWIRE) -- AGS (NYSE:AGS, the Company", ))), a global gaming supplier of high-performing slot, table, and interactive products, steps into a new vertical as it unveils its first mechanical reel cabinet among a diverse lineup of new products at the 2024 Indian Gaming Association ("IGA") trade show in Anaheim, CA. AGS is set to sizzle with a stunning array of new products, from mesmerizing slot hardware and cutting-edge core and premium games to its ultra-reliable card shufflers, award-winning table progressives, and growing library of online games. Where Nostalgia and Modern Technology CollideAt IGA in booth 460, AGS transcends time with the highly anti
Fourth Quarter 2023 Highlights: •Total Revenue Increased 15% Y/Y to a Record $94.2 Million; Eleventh Consecutive Quarter of Double-Digit Y/Y Growth •Global EGM Sales Reached a Record 1,519 Units; Up by Over 30% Y/Y for the Third Straight Quarter •Table Products Revenue Surged 24% Y/Y to a New Record; Supported by Accelerating PAX S Adoption •Interactive Revenue Grew More than 30% Y/Y to a Record $3.4 Million; Up 8% Versus Q3 2023 •Income From Operations Increased 19% Y/Y to $16.0 Million; Net Income Totaled $67 Thousand •Total Adjusted EBITDA Advanced to a Record $42.8 Million; Total Adjusted EBITDA Margin Exceeded 45% •Cash From Operating Activities Totaled $26.4 Million; Free Cash Flow T
Caesars becomes the first operator to bring fan-favorite slot game to The Garden State both in-person and online **For downloadable high-res assets, click here** Caesars Entertainment, Inc. (NASDAQ:CZR) ("Caesars") and PlayAGS, Inc. (NYSE:AGS) today celebrated the exclusive and first cross-platform launch of the thrilling new slot game Rakin' Bacon Odyssey® in New Jersey. To commemorate the launch, well-known online gaming influencer Francine Maric – better known as Lady Luck HQ – was on hand at Caesars Atlantic City alongside Caesars representatives to pull the lever for the ceremonial first spin unveiling the new slot now exclusively live in New Jersey for the first time on Caesars Pa
Caesars becomes the first operator to bring fan-favorite slot game to The Garden State both in-person and online **For downloadable high-res assets, click here** Caesars Entertainment, Inc. (NASDAQ:CZR) ("Caesars") and PlayAGS, Inc. (NYSE:AGS) today celebrated the exclusive and first cross-platform launch of the thrilling new slot game Rakin' Bacon Odyssey® in New Jersey. To commemorate the launch, well-known online gaming influencer Francine Maric – better known as Lady Luck HQ – was on hand at Caesars Atlantic City alongside Caesars representatives to pull the lever for the ceremonial first spin unveiling the new slot now exclusively live in New Jersey for the first time on Caesars Pa
LAS VEGAS, Aug. 24, 2023 /PRNewswire/ -- PlayAGS, Inc. (NYSE:AGS, 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 p
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LAS VEGAS and NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE:AGS) ("AGS" or the "Company"), a global gaming supplier of high-performing slot, table, and interactive products, today announced that it has signed a definitive agreement to be acquired by affiliates of Brightstar Capital Partners ("Brightstar"), a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses. The Company's Board of Directors has unanimously approved, and recommended that the Company's stockholders approve, the agreement. AGS shareholders will receive $12.50 per share in cash. The per share purchase price represents a 41% premium to t
LAS VEGAS, April 24, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE:AGS) ("AGS" or the "Company") today announced it will release its financial results for the first quarter ended March 31, 2024, after the market close on Thursday, May 9, 2024. The Company will host an investor conference call and live webcast the same day at 5 p.m. EDT to further discuss its first quarter financial performance. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q1 2024 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
Fourth Quarter 2023 Highlights: •Total Revenue Increased 15% Y/Y to a Record $94.2 Million; Eleventh Consecutive Quarter of Double-Digit Y/Y Growth •Global EGM Sales Reached a Record 1,519 Units; Up by Over 30% Y/Y for the Third Straight Quarter •Table Products Revenue Surged 24% Y/Y to a New Record; Supported by Accelerating PAX S Adoption •Interactive Revenue Grew More than 30% Y/Y to a Record $3.4 Million; Up 8% Versus Q3 2023 •Income From Operations Increased 19% Y/Y to $16.0 Million; Net Income Totaled $67 Thousand •Total Adjusted EBITDA Advanced to a Record $42.8 Million; Total Adjusted EBITDA Margin Exceeded 45% •Cash From Operating Activities Totaled $26.4 Million; Free Cash Flow T
LAS VEGAS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- 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, 2023, after the market close on Tuesday, March 5, 2024. The Company will host an investor conference call and live webcast the same day at 5 p.m. EST to further discuss its fourth quarter and full year financial performance. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q4 and Full Year 2023 Earnings Call. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the cal
LAS VEGAS, July 13, 2023 /PRNewswire/ -- PlayAGS, Incorporated (NYSE:AGS) ("AGS" or the "Company") today announced it will release its financial results for the second quarter ended June 30, 2023, after the market close on Thursday, August 3, 2023. The Company will host an investor conference call and live webcast the same day at 5 p.m. EDT to further discuss its second quarter financial performance. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q2 2023 Earnings Call. Callers who pre-register will be given a confer
LAS VEGAS, April 18, 2023 /PRNewswire/ -- PlayAGS, Incorporated (NYSE:AGS) ("AGS" or the "Company") today announced it will release its financial results for the first quarter ended March 31, 2023 after the market close on Tuesday, May 9, 2023. The Company will host an investor conference call and live webcast the same day at 5 p.m. EDT to further discuss its first quarter financial performance. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q1 2023 Earnings Call. Callers who pre-register will be given a conference
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. EST to further discuss its fourth quarter and full year 2022 financial performance. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q4 and Full Year 2022 Earnings Ca
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. EST to further discuss its third quarter 2022 financial performance and current business outlook. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q3 2022 Earnings Call. Callers wh
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. EDT to further discuss its second quarter 2022 financial performance and current business outlook. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q2 2022 Earnings Call. Callers who p
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. EDT to further discuss its second quarter 2022 financial performance and current business outlook. The Company encourages participants to pre-register for the conference call by using the following link: AGS Q2 2022 Earnings Call. Callers who pre
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. B of A Securities boosted the price target for NVIDIA Corporation (NASDAQ:NVDA) from $1,100 to $1,320. B of A Securities analyst Vivek Arya maintained a Buy rating. NVIDIA shares fell 0.5% to close at $949.50 on Wednesday. See how other analysts view this stock. Telsey Advisory Group cut the price target for Foot Locker, Inc. (NYSE:FL) from $28 to $26. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Foot Locker shares fell 0.4% to close at $22.82 on Wednesday. See h
Stifel analyst Brad Boyer downgrades PlayAGS (NYSE:AGS) from Buy to Hold and raises the price target from $12 to $12.5.
Releases Open Letter to AGS Stockholders Outlining Intention to Vote AGAINST Inadequate ProposalNEW 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.
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Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on PlayAGS (NYSE:AGS) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 1 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $13.5, a high estimate of $16.00, and a low estimate of $12.50. Surpassing the previous average price target of $12.33, t
Truist Securities analyst Barry Jonas downgrades PlayAGS (NYSE:AGS) from Buy to Hold and lowers the price target from $13 to $12.5.
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