LAS VEGAS, Feb. 22, 2018 /PRNewswire/ -- PlayAGS, Inc.
(NYSE: AGS) ("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 Ohio
Casino Control Commission has approved the Company's application to
begin selling and distributing its Class III EGMs and table game
products to commercial casinos throughout the state.
"We are very pleased that the Ohio Casino Control Commission has
approved our license application and are confident in our ability
to grow our Class III and table game product businesses within this
robust marketplace," said David
Lopez, President and CEO of AGS. "This approval will allow
us to leverage our already established relationships with many of
the state's casino operators who are eager to begin offering our
consistently high-performing products like
OrionSM, ICON™, and Bonus
Spin™."
The Ohio Casino Control Commission oversees all commercial
gaming in the state, which includes the Hollywood Casino Columbus
and Hollywood Casino Toledo, both owned and operated by Penn
National Gaming, and the JACK Cincinnati Casino and JACK Cleveland
Casino, both owned and operated by JACK Entertainment. Upon
approval of its Ohio license, AGS'
total license count has climbed to include 257 different
jurisdictions, a 102% increase in total available market
opportunity since 2012.
About AGS
AGS is a leading designer and
supplier of electronic gaming machines ("EGMs") and other products
and services for the gaming industry. Historically we have focused
on supplying Class II EGMs to the Native American gaming market. We
have recently expanded our product line-up to include: (i) Class
III EGMs for commercial and Native American casinos, (ii) video
bingo machines for select international markets, (iii) table game
products, and (iv) interactive social casino products.
Forward-Looking and Cautionary Language
This
press release contains, and oral statements made from time to time
by our representatives may contain, forward-looking statements
based on management's current expectations and projections, which
are intended to qualify for the safe harbor of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements identified by words such as
"believe," "will," "may," "might," "likely," "expect,"
"anticipates," "intends," "plans," "seeks," "estimates,"
"believes," "continues," "projects" and similar references to
future periods, or by the inclusion of forecasts or projections.
All forward-looking statements are based on current
expectations and projections of future events.
These forward-looking statements reflect the current views,
models, and assumptions of AGS, and are subject to various risks
and uncertainties that cannot be predicted or qualified and could
cause actual results in AGS's performance to differ materially from
those expressed or implied by such forward looking statements.
These risks and uncertainties include, but are not limited to, the
ability of AGS to maintain strategic alliances, unit placements or
installations, grow revenue, garner new market share, secure new
licenses in new jurisdictions, successfully develop or place
proprietary product, comply with regulations, have its games
approved by relevant jurisdictions and other factors set forth
under "Risk Factors" in the registration statement on Form
S-1 and its annual report on Form 10-K filed with the
Securities and Exchange Commission on March
10, 2017, as amended on December 18,
2017. All forward-looking statements made herein are
expressly qualified in their entirety by these cautionary
statements and there can be no assurance that the actual results,
events or developments referenced herein will occur or be realized.
Readers are cautioned that all forward-looking statements speak
only to the facts and circumstances present as of the date of this
press release. AGS expressly disclaims any obligation to update or
revise any forward-looking statements, whether because of new
information, future events or otherwise.
Contact
Julia Boguslawski, Chief Marketing
Officer & EVP of Investor Relations, AGS
o: 702-724-1125
e: jboguslawski@PlayAGS.com
SOURCE AGS