AGS Stockholders Approve Brightstar Acquisition
Gaming supplier PlayAGS, Inc. (AGS) announced that its stockholders, in a special meeting held Aug. 6, approved the company’s previously announced acquisition by private equity firm Brightstar Capital Partners.
The company announced in June that it had signed a definitive agreement under which Brightstar will acquire PlayAGS for $12.50 per share, in a deal worth $1.1 billion. The company’s board of directors unanimously approved the deal.
The transaction is expected to close in the second half of 2025, after which AGS will be a private company, and shares of AGS common stock will no longer be listed on any public market.
The final voting results of the special meeting will be reported on a Form 8-K filed by AGS with the U.S. Securities and Exchange Commission
Sega Sammy Hails iGaming Sales
Japan-based supplier Sega Sammy Holdings reported a return to profit after strong sales by its recently formed gaming business.
The company reported consolidated sales of JPY104.8 billion ($780.7 million), down 3.2 percent year-on-year. Operating income was down 15 percent to JPY19.3 billion due mainly to a decline in the entertainment or computer games segment. However, group-wide profit attributable to owners of the parent grew by 42.1 percent to JPY24.5 billion, according to a report from Inside Asian Gaming.
Sega Sammy created three new businesses:
– A new gaming business comprising Sega Sammy Creation which develops, manufactures, and distributes gaming machines;
- Paradise Sega Sammy, which is a joint venture with Korea’s Paradise Co. that operates the Paradise City integrated resort in Incheon; and
- An iGaming arm that is the product of the 2023 acquisition of GAN Limited, which operates a B2B platform business mainly for U.S. casino operators.
The company also recently acquired Netherlands-based B2B iGaming content supplier Stakelogic B.V.
AGS to Show Steppers, Progressives at OIGA
Gaming supplier AGS announced it will showcase its new mechanical stepper, innovative slot games, award-winning table progressives, and more at the Oklahoma Indian Gaming Association (OIGA) trade show Aug. 13-14.
According to the company, highlighting the show will be its award-winning Bonus Spin Xtreme table-game progressive for poker rooms. The technology links a progressive to a variety of table games, but the poker version uses an embedded table display and a new side-bet option.
AGS also will display its utility products, including the poker-deck shuffler Dex S and the single-deck shuffler Pax S.
On the slot side, AG will debut a funny, farm-themed three-pot game called Moo Cluck Oink on its new Spectra UR43 cabinet, as well as a full portfolio of games for other iterations of the Spectra series and its new Revel stepper cabinet.
IGT Appoints Nick Khin as President, Global Gaming
International Game Technology PLC announced Wednesday that Nick Khin has been appointed president, global gaming. Khin was chief operating officer and senior vice president, gaming, since 2015.
As president, global gaming, Khin is responsible for managing the IGT Global Gaming business unit, including studios, technology, sales, games and hardware, manufacturing and services, and systems. Khin reports to IGT CEO Vince Sadusky and is based in Las Vegas.
“Nick is the obvious choice to lead IGT Global Gaming. Under his leadership, IGT is consistently releasing top games and strengthening its performance in every game category,” said Sadusky.
Khin joined IGT in 2013 and led the corporate strategy and mergers and acquisitions functions. He came to IGT with more than 23 years of industry experience including senior executive roles based in Las Vegas, London and Sydney.
People on the Move
Century Casinos, Inc. announced that Eric Rose, a long-term regional vice president and general manager of the company, will take over the top leadership role at the Nugget Casino Resort in Sparks, Nev. as senior vice president and general manager of the property. … Cordish Gaming Group, the gaming division of The Cordish Companies, has named Joshua Robinson as vice president of marketing for the new Live! Casino & Hotel Louisiana.
