Analyst Plugs Everi, AGS

B Riley analyst David Bain is recommending buys on slot manufacturers Everi Holdings and AGS, which he says are both poised for significant share price gains.

Analyst Plugs Everi, AGS

In a new investor report, B Riley analyst David Bain recommends slot suppliers Everi and PlayAGS, saying both are “poised for strong share price gains” this year.

Bain cited a 35 percent increase in the North American slot-replacement cycle, plus demand for new machines for casino openings and expansions slated for this year.

“Increased buying activity has begun, particularly by certain gaming tribes with October FY year-end,” Bain wrote of Everi and AGS share. “Contacts at large commercial regional casinos also indicate larger budgets geared toward slot purchases.”

Bain’s research shows gains for both PlayAGS and Everi as this increased buying activity continues. “(Everi) was the only domestic-listed casino supplier with higher 3Q21 game sales than 3Q19,” he wrote. “It also continues to lead domestic suppliers in gaming operations daily win per unit growth and unit placements, now for multiple consecutive quarters…

“Given EVRI and AGS outperformance with newer offerings,” Bain wrote, “we believe both have strong pricing power even if inflation persists.”

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.