AGS Stockholders Approve Brightstar Acquisition
PlayAGS, Inc. (AGS) recently shared that its stockholders have approved the acquisition by Brightstar Capital Partners. This approval was granted in a special meeting that took place on August 6. The deal, valued at $1.1 billion, will see Brightstar acquiring AGS for $12.50 per share. Following the approval, AGS will transition into a private company, and its common stock will no longer be listed on any public market. The completion of this acquisition is anticipated to take place in the second half of 2025. The full details of the voting results from the special meeting will be disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission.
Sega Sammy Reports Positive iGaming Sales
Sega Sammy Holdings, a Japan-based supplier, has experienced a return to profit thanks to the success of its gaming business. Despite a 3.2 percent year-on-year decline in consolidated sales to JPY104.8 billion ($780.7 million), the company managed to boost its group-wide profit by 42.1 percent to JPY24.5 billion. This increase is largely attributed to the strong performance of its gaming business segment. Sega Sammy has developed new businesses, such as Sega Sammy Creation for gaming machines, Paradise Sega in collaboration with Korea’s Paradise Co., and an iGaming arm established through the acquisition of GAN Limited. The company is continuously expanding its portfolio, as evidenced by its recent acquisition of Netherlands-based iGaming content supplier Stakelogic B.V.
AGS Showcases New Products at OIGA
AGS is set to exhibit its latest offerings at the Oklahoma Indian Gaming Association (OIGA) trade show on August 13-14. The company will present its new mechanical stepper, innovative slot games, and award-winning table progressives. Among the highlights will be the Bonus Spin Xtreme table-game progressive designed for poker rooms. AGS will also showcase utility products like the Dex S poker-deck shuffler and the Pax S single-deck shuffler. Slot enthusiasts can look forward to the introduction of the farm-themed game Moo Cluck Oink on the Spectra UR43 cabinet, along with a range of other games for various Spectra series iterations and the Revel stepper cabinet.
IGT Appoints Nick Khin as President, Global Gaming
International Game Technology PLC has announced the appointment of Nick Khin as president, global gaming. Khin, who previously served as chief operating officer and senior vice president, gaming, has been with IGT since 2013. In his new role, Khin will oversee the IGT Global Gaming business unit, which includes studios, technology, sales, games and hardware, manufacturing and services, and systems. Reporting directly to IGT CEO Vince Sadusky, Khin will be based in Las Vegas. Sadusky expressed confidence in Khin’s ability to lead the Global Gaming division, citing his track record of delivering top games and enhancing performance across all game categories.
People on the Move
Century Casinos, Inc. has announced Eric Rose as the new senior vice president and general manager of Nugget Casino Resort in Sparks, Nev. Meanwhile, Cordish Gaming Group has appointed Joshua Robinson as the vice president of marketing for Live! Casino & Hotel Louisiana, a new addition to The Cordish Companies’ portfolio.
