{"id":7114,"date":"2024-05-10T05:28:46","date_gmt":"2024-05-10T05:28:46","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/05\/10\/brightstar-capital-partners-snags-playags-in-1-1-billion-privatization-move\/"},"modified":"2024-05-10T05:28:46","modified_gmt":"2024-05-10T05:28:46","slug":"brightstar-capital-partners-snags-playags-in-1-1-billion-privatization-move","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/05\/10\/brightstar-capital-partners-snags-playags-in-1-1-billion-privatization-move\/","title":{"rendered":"Brightstar Capital Partners Snags PlayAGS in $1.1 Billion Privatization Move"},"content":{"rendered":"<div>\n<p>A substantial exit from the public market is about to occur as supplier PlayAGS (AGS) is set to be acquired by Brightstar Capital Partners for an astounding $1.1 billion.<\/p>\n<p>The Board of Directors unanimously approved the transaction, which comes with a tempting 41% premium for stockholders, or $12.50 per share.<\/p>\n<h2><strong>AGS\u2019 Journey Beyond the Stock Market<\/strong><\/h2>\n<p>AGS boasts a diverse product portfolio spanning slot and table options, along with casino content, all of which will now fall under the purview of Brightstar Capital Partners. With the deal set to delist AGS from the stock market effective May 8, the company joins the ranks of those opting for privatization, a trend gaining momentum in the corporate landscape.<\/p>\n<p>David Lopez, President and CEO of AGS, expressed satisfaction with the agreement, stating, <em>\u201cWe are very pleased to reach this agreement, which we believe provides our stockholders with compelling, certain cash value.\u201d<\/em> He views the partnership with Brightstar as a transformative phase for AGS, aligning with its mission to deliver top-notch gaming solutions to operator partners.<\/p>\n<p>A recent article featured in Gambling Insider delves into the underlying reasons driving the surge in companies opting for privatization. It highlights dwindling enthusiasm for IPOs, compounded by heightened bureaucratic hurdles and a desire for reduced volatility, as potential catalysts behind this strategic shift.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow noopener\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Roger Bulloch, Partner at Brightstar, voiced confidence in the partnership, stating, <em>\u201cWe trust that partnering with AGS and executing on our shared vision can accelerate the Company\u2019s ability to create even greater value for its customers and players around the world.\u201d<\/em><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/brightstar-capital-partners-snags-playags-in-1-1-billion-privatization-move\/\">Brightstar Capital Partners Snags PlayAGS in $1.1 Billion Privatization Move<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A substantial exit from the public market is about to occur as supplier PlayAGS (AGS) is set to be acquired by Brightstar Capital Partners for an astounding $1.1 billion. The Board of Directors unanimously approved the transaction, which comes with a tempting 41% premium for stockholders, or $12.50 per share. AGS\u2019 Journey Beyond the Stock [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7114","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7114"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7114\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}