Le Lézard
Classified in: Tourism and vacations, Business
Subject: CXP

AGS Receives Regulatory Approval to Offer its Gaming Products in Ohio


LAS VEGAS, Feb. 22, 2018 /PRNewswire/ -- 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 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.

AGS logo

"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, ICONtm, and Bonus Spintm."

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: [email protected]

 

SOURCE AGS


These press releases may also interest you

28 mar 2024
Thursday 28/03/2024 Daily Grand Regular Draw06, 27, 32, 42, 49 Grand No 05 POKER LOTTOWinning Hand: 3-D, 9-S, 6-C, 2-D, 6-H.  Legend: C = CLUB, H = HEART, S = SPADE, D = DIAMOND J = JACK, Q = QUEEN, K = KING, A = ACE   MEGA DICE LOTTO11, 12, 20, 32,...

28 mar 2024
The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for 2023.  Passenger activity significantly increased by 9.2 million, or 25.8 per cent, from 35.6 million to 44.8 million in 2023, when compared to...

28 mar 2024
Quhuo Limited ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the second half and full year 2023 before the open of the...

28 mar 2024
GoBoat, an innovator in personal adventure watercraft, proudly showcases its innovative dog dock ramp, making it easier than ever to bring your furry four-legged companions along for any adventure....

28 mar 2024
Suncadia ? an award-winning mountain resort and residential community located a scenic 80 miles east of...

28 mar 2024
Visalia, the nation's first Certified Autism Destination, recognizes Autism Awareness month in April. Visit Visalia and local tourism partners will highlight Visalia's initiative: Every day is autism acceptance day in our community. A recent survey...



News published on and distributed by: