New York-listed gaming supplier PlayAGS is going private after completing its deal with Brightstar Capital Partners.
Brightstar Capital Partners agreed a $1.1 billion deal to acquire AGS in May 2024 at a price of $12.50 per share in cash, with the acquisition completing yesterday (June 30).
As a result, AGS is now a private company and its shares will be delisted from the New York Stock Exchange.
“We’re excited to join forces with Brightstar, a partnership that marks both a pivotal moment and a transformative new chapter in AGS’ growth story,” said David Lopez, CEO & president of AGS.
“With Brightstar as a strategic partner, we believe AGS is in an ideal position to accelerate growth and double-down on delivering focused, high-impact innovation across slots, table products, and online gaming. This partnership sharpens our ability to serve casino operators with differentiated content and solutions built to give them a winning edge.”
Andrew Weinberg, founder, CEO and co-chair of Brightstar, added: “We are thrilled to officially welcome David and the AGS team to Brightstar. We believe that AGS’s full-spectrum product offering and customer-centric culture set it apart in a growing industry. Our goal is to help the Company expand into new markets and continue to use technology to create exciting games and products.”
Shares in PlayAGS Inc. (NYSE:AGS) gained 0.08 per cent to close at $12.49 per share in New York Monday.