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AGS swings to first quarter loss as casino closures impact revenue

11th May 2020 10:29 am GMT
SBTech

New York-listed gaming supplier AGS has reported a 26 per cent decline in revenue to $54.3m for the first quarter of 2020, as the COVID-19 pandemic caused nearly all of its clients to shut down operations in March.

Revenue fell year-on-year due to decreased unit sales and gaming operations revenue in the company’s electronic gaming machines (EGM) segment, as a result of business disruptions and casino closures across North America.

Revenue from EGMs fell 28 per cent [...]

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