PlayAGS, a leading supplier of casino products and services, announced that it has secured approval to launch its portfolio of high-performing electronic gaming machines (EGMs) and table games in two new US jurisdictions. According to the announcement, the provider will now be able to supply products to casino operators in the states of Colorado and Missouri.

The launch in these two jurisdictions will help PlayAGS expand its presence in the United States, in line with the company’s ambition to become the go-to gaming supplier in North America.

The entrance into these two new jurisdictions follows the launch of the provider’s cutting-edge portrait cabinet Spectra UR43.  PlayAGS’ latest state-of-the-art machine features the beloved Triple Coin Treasures games, a series of titles proven to resonate with American consumers.

Triple Coin Treasures will be some of the first products PlayAGS will launch in Colorado and Missouri, allowing local fans to see what the fuss is all about. According to PlayAGS, fans will be able to find Triple Coin Treasures in a selection of Colorado casinos, including Century Casino & Hotel Central City, Golden Nugget Cripple Creek and Monarch Casino Resort Spa Black Hawk. Missouri fans, on the other hand, should seek PlayAGS’ titles at Horseshoe St. Louis, River City Casino Hotel, Hollywood Casino St. Louis, Argosy Casino Hotel & Spa, Harrah’s Kansas City, Bally’s Kansas City Casino and Ameristar Casino Hotel Kansas City.

PlayAGS Is Excited to Offer Premium Products to More US Players

AGS’ senior vice president and general manager of slots, Mark DeDeaux, commented on the launches in Colorado and Missouri, saying that the new licenses form a “meaningful piece of AGS’ overall growth strategy.” They follow a recent expansion of PlayAGS’ team and an expansion of the company’s overall global presence.

DeDeaux concluded that his team is looking forward to engaging players in the new states with exciting gaming products:

We are pleased to be able to offer our high-performing, chart-topping new products to customers in both the Colorado and Missouri markets.

Mark DeDeaux, SVP & general manager of slots, AGS

In the meantime, PlayAGS continues to grow, as demonstrated by the company’s recent financial results. In early August, the supplier published its Q2 2023 results, reporting record-breaking revenue of $89.8 million. The company continues to see its metrics increase across the board, attesting to the efficiency of its business strategy.

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The developer and designer of equipment and services catering to the global gambling sector, PlayAGS, enjoyed strong growth after posting record-breaking Q4 2022 results in March. Now, the positive momentum gained by the company grows further as it celebrated another record-setting period, judging by its second quarter 2023 results.

PlayAGS’ latest trading update was released Thursday and highlights the performance of the company for the three months ended June 30, 2023. The total revenue reported by PlayAGS for the aforementioned period hit $89.8 million. This result, when compared to the $76.6 million result figure from the same period in 2022, marks a solid increase of 17.3%.

A breakdown provided within the latest trading update reveals a strong performance of the company’s three business segments: Interactive, Table Products and EGM. The biggest revenue growth was observed for PlayAGS’ Table Products, with revenue hitting $4.4 million, up by 25.1% when compared to the corresponding period in 2022.

Similarly, EGM revenue for the second quarter of this year increased. While in Q2 2022, EGM revenue halted at $70.5 million, this year, it soared by 17.3% to $82.7 million. Last but not least, PlayAGS’ Interactive business saw an increase in revenue to $2.8 million, up by 5.8% from the $2.6 million result from Q2 in 2022.

Besides record revenue, the second quarter of 2023 brought an increase in EBITDA. The recent report released by PlayAGS reveals that total adjusted EBITDA for Q2 2023 increased to $39.6 million, up by 16.0%, when compared to the Q2 2022 result of $34.1 million.

Earlier this year, PlayAGS strengthened its C-suite with the appointment of Robert Ziems as chief legal officer. The expert joined the company’s senior management team, bringing more than two decades of experience.

The Company Anticipates Further Growth

Kimo Akiona, PlayAGS’ chief financial officer, shared his excitement about the strong performance of the company for the second quarter of 2023. He explained that PlayAGS has seen strong growth for the first half of the year. At the same time, Akiona predicted that the company will maintain the positive momentum and deliver excellent results through the end of the year.

“Our record-setting second quarter financial performance clearly demonstrates the strength of our products, team members, and strategy, which is creating significant momentum within all three segments of our business.“

David Lopez, CEO and president at PlayAGS

David Lopez, PlayAGS’ CEO and president, explained that the record-setting results reaffirm the strong strategy and products the company leverages. Additionally, he highlighted the dedication of PlayAGS’ team. According to Lopez, the combination of all those factors helped the company gain and keep a positive momentum. Finally, the CEO and president predicted further growth for PlayAGS throughout 2023 and beyond.

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Robert Ziems, who is a long-term veteran, is stepping into the position of chief legal officer with immediate effect and will leverage his extensive industry knowledge and expertise. He has more than 24 years of experience as part of some of the biggest companies in the sector, and will now help AGS pivot its legal and compliance efforts in Latin America.

Seasoned Veteran to Bolster PlayAGS’ Growth Plans

He will also help AGS’ interactive business strategy and support it in the long term. Ziems is joining the company from Aruze Gaming where he served as a global chief legal officer, and where he spent 12 years in various positions.

Ziems experience in Aruze has helped the company reach new markets, capitalize on existing technology, and leverage new business development across the Americas. Commenting on his appointment as part of AGS, company president and CEO David Lopez said:

Rob is a great addition to our leadership team as we diversify AGS’ portfolio and advance our business strategy.

AGS CEO David Lopez

Lopez added that Ziems’ deep knowledge of the gaming industry and its regulatory prerequisites would enable the entire company to benefit and move forward across key performance verticals.

Ziems’ experience as a professional doesn’t stop at Aruze, however. He similarly spent a stint as EVP and general counsel, and corporate secretary at Mikohn Gaming. There, he was in charge of human resources, internal audit departments, and more. He has held stints with Station Casino, Aristocrat Technologies, and others.

The newly-appointed chief legal officer is replacing the current one, Victor Gallo, who is retiring from AGS after 12 years on the job. Gallo will remain secretary for the company, however.  Lopez hailed Gallo’s stint with the company and said that he played key roles in important company development such as its initial public offering back in 2018 and the acquisition of Cadillac Jack, among others.

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