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Gambling in the USA

Apollo Launches Secondary Public Offering Of PlayAGS Common Stock

Zoltan Tundik

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LAS VEGASAug. 6, 2018 – PlayAGS, Inc. (NYSE:AGS) (“PlayAGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the commencement of a proposed secondary public offering of  5,500,000 shares of the Company’s common stock by Apollo Gaming Holdings, L.P. (the “Selling Stockholder”). The underwriters will have a 30-day option to purchase up to an additional 825,000 shares of common stock from the Selling Stockholder. The Company is not selling any shares and will not receive any proceeds from the proposed offering.

Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are acting as joint book-running managers and as representatives of the underwriters for the proposed offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are acting as joint book-running managers for the proposed offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities are acting as co-managers for the proposed offering.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering, when available, may be obtained from any of the following sources:

  • Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037 or by email at [email protected];
  • Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, or by telephone at (800) 503-4611, or by email at [email protected];
  • Jefferies LLC, Attention: Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY10022, or by telephone at (877) 821-7388 or by email at [email protected]; or
  • Macquarie Capital (USA) Inc., Attention: Syndicate Department, 125 West 55th Street, L-22, New York, NY 10019, or by telephone at (212) 231-0440 or by email at [email protected]

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About PlayAGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, highly-rated social casino solutions for players and operators, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more about us at www.playags.com.

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 regarding the proposed public offering and other 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 PlayAGS, and are subject to various risks and uncertainties that cannot be predicted or qualified and could cause actual results in PlayAGS’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 PlayAGS 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-3, filed with the Securities and Exchange Commission on August 6, 2018. 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. PlayAGS expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information
Julia Boguslawski, Chief Marketing Officer & EVP of Investor Relations, AGS
o: 702-724-1125
e: [email protected]

Gambling in the USA

Century Casinos Receives Approval from Missouri Gaming Commission to Acquire Isle Casino Cape Girardeau and Lady Luck Caruthersville

Niji Narayan

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Century Casinos Receives Approval from Missouri Gaming Commission to Acquire Isle Casino Cape Girardeau and Lady Luck Caruthersville
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Century Casinos has received approval from the Missouri Gaming Commission to acquire the Isle Casino Cape Girardeau and Lady Luck Caruthersville from Eldorado Resorts Inc.

Isle Casino Cape Girardeau is located in Cape Girardeau, Missouri. The property opened in 2012 and consists of a dockside casino featuring 41,500 square feet of casino space, 851 gaming machines, 24 table games, three dining venues, a pavilion and an entertainment centre.

Lady Luck Caruthersville is a riverboat casino located along the Mississippi river in Caruthersville, Missouri. The property opened in 1995 and consists of a dockside casino featuring 21,000 square feet of casino space, 513 slot machines, nine table games, two dining venues, a 40,000 square foot pavilion and a 28-space RV park.

In June 2019, the Company entered into a definitive agreement with Eldorado Resorts to acquire the operations of Cape Girardeau, Caruthersville and Mountaineer Casino, Racetrack and Resort, located in New Cumberland, West Virginia, from Eldorado Resorts for approximately $107.0 million. The Acquisition, which is expected to close in December 2019, is subject to customary closing conditions.

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Gambling in the USA

New Coalition Forms to Protect Social Games in Washington

Niji Narayan

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New Coalition Forms to Protect Social Games in Washington
Photo Source: fodors.com
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Civic leaders, industry experts and tech executives in Washington have formed a new coalition to protect the social games industry in the state.

The coalition is leading an effort to ensure the state does not restrict access to so-called social games, which are played statewide by millions and support thousands of local jobs, according to the coalition.

The fear of restrictions or bans on social games stems from the Washington State Gambling Commission’s refusal in 2018 to issue guidance establishing that social games are not a form of illegal gambling. The “Game On WA” coalition says some 23,000 people are employed by the social games industry in Washington, jobs that could be on the line if the WSGC’s failure to act is not corrected.

Paul Mathews, founder and president of social-games company Playstudios Inc., said in an opinion piece written for GeekWire in October that concerns over social games being a form of gambling stem from the fact that players can win “non-redeemable tokens or credits,” which he describes as a “flawed premise” that “grossly misrepresents social games.”

“A potential misinterpretation of Washington state’s gambling statute by a federal court could mean Washington residents will lose access to their favorite apps,” Michael Schutzler, CEO of Washington Technology Industry Association and the Game On WA co-chair, said.

The coalition also is led by former Washington Governor Gary Locke and Kristina Hudson, executive director of OneRedmond. The group seeks to educate the public and lawmakers about the value of the social games industry and to convince the state Legislature to “affirm that social games are a form of entertainment, and not illegal gambling.”

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Gambling in the USA

Betgenius Appoints Bill Anderson as its VP for the Americas

Niji Narayan

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Betgenius Appoints Bill Anderson as its VP for the Americas
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Betgenius has appointed Bill Anderson as its Vice President for the Americas. Anderson will spearhead the company’s expansion strategy and oversee its growing team dedicated to the crucial markets of the U.S. and Latin America.

He joins from Stats Perform where he led the US betting business for Perform Media and has previously held senior commercial roles at GAN and TrafficGeneration.

“I couldn’t be more excited about joining Betgenius at this vibrant time in its global growth. As regulation rapidly evolves and markets mature throughout the Americas, our premium quality and highly customizable sportsbook management and best-in-class live wagering services will become increasingly desirable for ambitious operators,” Anderson said.

“Bill is an accomplished gaming executive with a deep understanding of the betting and media ecosystems in the Americas. We continue to invest in new products and services to meet the demands of operators throughout the region, including our renowned live wagering services powered by fast and reliable data, and Bill’s expertise will be invaluable in shaping and deploying this ambitious growth strategy,” Eric Stevens, Global Sales Director at Betgenius, said.

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