AGS set to ‘accelerate’ expansion through $1.1bn acquisition

Global gaming supplier PlayAGS has signed a definitive agreement to be acquired by affiliates of private equity firm Brightstar Capital Partners for around US$1.1bn.

The company’s board of directors has unanimously approved, and recommended, a move which AGS president and CEO David Lopez will help the business “accelerate our global footprint.”

The per share purchase price represents a 41 per cent premium to the company’s volume-weighted average share price over the last 90 days, and a 40 per cent premium to AGS’ closing price on May 8.

Roger Bulloch, partner at Brightstar, said the company has been “impressed” by AGS’ “award-winning products, differentiated culture and outstanding reputation in this expanding industry.”

AGS supplies the gaming industry with slot, table and interactive products including online casino content. The company said it believes the offer presents “an unmatched value proposition for its casino partners.”

The deal is expected to close in the second half of 2025 and is subject to customary closing conditions, including the receipt of regulatory approvals by a majority of AGS stockholders.

Upon completion, AGS will become a privately held company and shares of AGS common stock will no longer be listed on any public market.

Lopez said: “We are very pleased to reach this agreement, which we believe provides our stockholders with compelling, certain cash value. Joining forces with Brightstar represents an exciting new chapter for AGS and our mission to provide exceptional gaming solutions for our operator partners.”

Andrew Weinberg, founder and CEO of Brightstar, said: “We look forward to working with David and the AGS team to capitalize on opportunities by taking a long-term approach to creating value.

“AGS has a strong pipeline of new products, and we believe the Company’s innovative approach to game development provides significant potential for continued growth.”