Brightstar Completes $1.1 Billion Acquisition of PlayAGS

Brightstar Capital Partners has officially completed its purchase of gaming supplier PlayAGS in a deal worth around $1.1 billion. With all regulatory approvals secured and stockholders on board, the transaction is now closed, and AGS has transitioned into a privately owned company. Its shares have been removed from the New York Stock Exchange.

Good to know

• Each AGS stockholder received $12.50 per share in cash.
• AGS will no longer be a publicly traded company.
• The company has seen three years of consecutive revenue growth.

Originally announced on May 9, 2024, the deal reflects the momentum AGS has built over the past few years. Slot unit sales have more than doubled to over 6,100 units globally. Revenue from online real-money gaming content has jumped over 150%, while Table Products have seen a 50% increase in revenue. These gains have been driven by investment in research and development and a broad portfolio of high-performing games.

CEO and President of AGS, David Lopez, commented on the partnership: “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. 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.”

Brightstar Capital Partners, known for investing in companies across sectors like technology, consumer, industrial, and business services, sees AGS as a strong fit. Andrew Weinberg, Founder and CEO of Brightstar, shared his view: “We are thrilled to officially welcome David and the AGS team to Brightstar. We believe that AGS’ 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.”

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