AGSi, AGS’ Interactive division and iGaming content arm, is now live in Delaware with Rush Street Interactive, Inc., a leading iGaming company that operates the BetRivers brand. This exciting launch marks the fifth U.S. state where AGSi’s premium iGaming content is available and the eighth jurisdiction where AGS has partnered with RSI to deliver top-tier online gaming experiences.

“We’re thrilled to partner with Rush Street Interactive as they spearhead Delaware’s online gaming market,” said Zoe Ebling, AGS Vice President of Interactive. “This expansion underscores our commitment to enhancing and creating unique player experiences. As BetRivers revitalizes the market, AGS is excited to be at the forefront of delivering innovative gaming content. This launch paves the way for more dynamic initiatives from our partnership.”

Delaware players can look forward to playing AGS’ most popular and thrilling games, including:

• Capital Gains®: This high-energy slot game offers players the chance to strike it rich with its exciting bonus features and captivating gameplay.
• Rakin’ Bacon Odyssey®: A fan-favorite, this game takes players on a whimsical adventure with AGS’ beloved popping pig, Cornsquealius.
• Mega Diamond: A traditional slot enthusiast’s dream, this fast-paced three-reel stepper game is next to none with big jackpot hits and wild multipliers.

AGSi’s entry into Delaware is a significant step forward in its mission to become a leading provider of online gaming content in North America. With a strong portfolio of games and a proven partnership with RSI, AGS is poised for continued growth and success.

Players 21 and older in Delaware can now play AGS’ games by downloading the BetRivers app on iOS and Android or by visiting BetRivers.com to access Delaware Lottery’s three online casinos — Delaware Park Casino, Bally’s Dover Casino Resort and Harrington Raceway & Casino. The Delaware Park and Harrington sites are accessible through the BetRivers multi-state platform, while Bally’s Dover Casino Resort offers its own standalone app.

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Internet Vikings, a licensed in-state cloud hosting provider for iGaming and online sports betting, announced the expansion of its successful partnership with PlayAGS, Inc. (NYSE: AGS), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry. Under the agreement, Internet Vikings will continue to provide hosting services, further bolstering AGS’s infrastructure and deepening their cooperation.

AGS, renowned for its superior interactive gaming experiences, demonstrates quality beyond game development, as evidenced by their choice in partnerships. Aligning with their ambitious industry objectives, AGS, recently honored as the SBC North America Rising Star in Casino, has selected Internet Vikings’ hosting solutions.

“Partnering with Internet Vikings enhances our capabilities, ensuring our games run even more smoothly. Internet Vikings consistently delivers exceptional service, and we are confident this partnership will further elevate the gaming experience for our players”, observes Antony Ellis, CTO of AGS Interactive.

Internet Vikings CEO Rickard Vikström adds, “Our partnership reflects a shared vision of focus and reliability. Both companies are primed to lead the U.S. market and beyond. Their forward-thinking approach to gaming technology challenges us to continually raise the bar and deliver exceptional hosting solutions.”

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PlayAGS, Incorporated, 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 the Company’s volume-weighted average share price over the last 90 days and a 40% premium to AGS’ closing price on May 8, 2024.

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Powered by high-performing slot products, an expansive table products portfolio, and highly rated online casino content, the Company believes it offers an unmatched value proposition for its casino partners.

“We are very pleased to reach this agreement, which we believe provides our stockholders with compelling, certain cash value. Joining forces with Brightstar represents an exciting new chapter for AGS and our mission to provide exceptional gaming solutions for our operator partners,” said David Lopez, CEO & President of AGS. “With Brightstar’s resources and strategic guidance, we believe AGS will be well-positioned to make targeted investments in R&D, top talent, operations, and industry-leading innovation, which should accelerate our global footprint.”

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“We look forward to working with David and the AGS team to capitalize on opportunities by taking a long-term approach to creating value,” said Andrew Weinberg, Founder & CEO of Brightstar. “AGS has a strong pipeline of new products, and we believe the Company’s innovative approach to game development provides significant potential for continued growth.”

“We have been impressed by AGS’ award-winning products, differentiated culture, and outstanding reputation in this expanding industry,” said Roger Bulloch, Partner at Brightstar. “We trust that partnering with AGS and executing on our shared vision can accelerate the Company’s ability to create even greater value for its customers and players around the world.”

Macquarie Capital is serving as financial advisor and Cooley LLP is serving as legal counsel to AGS. Jefferies LLC is serving as lead financial advisor to Brightstar. Barclays and Citizens JMP Securities are also serving as financial advisors to Brightstar. Kirkland & Ellis LLP is serving as legal counsel to Brightstar.

First Quarter 2024 Financial Results

In light of the proposed transaction, AGS has canceled its previously announced conference call to discuss its first quarter 2024 financial results, which had been scheduled for Thursday, May 9, 2024, at 5:00 p.m. EDT. Additionally, AGS will not be issuing a quarterly earnings release. The Company expects to file its 10-Q for the quarter ended March 31, 2024 with the SEC later today.

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Timing and Approvals

The proposed transaction, which is expected to close in the second half of 2025 is subject to customary closing conditions, including the receipt of regulatory approvals and approval by a majority of AGS stockholders. Upon completion of the transaction, AGS will become a privately held company and shares of AGS common stock will no longer be listed on any public market.