LAS VEGAS, NV – Brightstar Capital Partners has closed its acquisition of PlayAGS in a transaction that was first announced on May 9, 2024. The closing follows approval of the transaction by AGS stockholders and the receipt of all required regulatory approvals. Under the terms of the agreement, AGS stockholders will receive $12.50 per share in cash, valuing the transaction at approximately $1.1 billion. As a result, AGS is now a privately held company, and its common stock will be delisted from the New York Stock Exchange (NYSE).
The acquisition takes place during a period of sustained growth for AGS. Over the past three years, the company has increased its global slot unit sales to more than 6,100 units, expanded its online real-money gaming content revenue by over 150%, and grown table products revenue by more than 50%. These gains have contributed to three consecutive years of record revenue. AGS has invested in research and development and broadened its portfolio across multiple product categories, establishing a presence in both land-based and online casino markets.
“We’re excited to join forces with Brightstar, a partnership that marks both a pivotal moment and a transformative new chapter in AGS’ growth story,” said David Lopez, CEO and President of AGS. “With Brightstar as a strategic partner, we believe AGS is in an ideal position to accelerate growth and double-down on delivering focused, high-impact innovation across slots, table products, and online gaming. This partnership sharpens our ability to serve casino operators with differentiated content and solutions built to give them a winning edge.”
“We are thrilled to officially welcome David and the AGS team to Brightstar,” said Andrew Weinberg, Founder, CEO and Co-Chair of Brightstar. “We believe that AGS’ full-spectrum product offering and customer-centric culture set it apart in a growing industry. Our goal is to help the company expand into new markets and continue to use technology to create exciting games and products.”
