Ageas reports on the progress of share buy-back programme Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 147,476 Ageas shares in the period from 09-12-2024 until 13-12-2024. DateNumber ofSharesTotal amount(EUR)Average price(EUR)Lowest price(EUR)Highest price(EUR)09-12-202424,0611,142,40247.4847.3847.7810-12-202444,5002,091,97947.0146.8447.3811-12-202442,41 ...

Ageas reaches agreement with UK over 50s specialist Saga Ageas announces today that it has successfully concluded the exclusive negotiations with Saga plc, the UK specialist provider of products and services for individuals aged over 50, which were communicated on 11 October 2024 (read the press release). The agreement includes the establishment of a 20-year partnership between Ageas UK and Saga Services Limited (SSL) for distributing personal lines Motor and Home insurance products to Saga's customers in ...

LAS VEGAS and NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE: AGS) (“AGS” or the “Company”), a global gaming supplier of high-performing slot, table, and interactive products, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with the previously announced agreement for the Company to be acquired by affiliates of Brightstar Capital Partners (“Brightstar”) for $12.50 per share ...

Revenue Growth - For the three months ended September 30, 2024, total revenues increased by 11.0% to $99.17 million compared to $89.38 million in the prior year[164]. - Total revenues for the nine months ended September 30, 2024, increased by 11.2% to $291,882,000 compared to $262,385,000 in the prior year[177]. - EGM segment total revenues increased by 8.3% to $88,672,000 for the three months ended September 30, 2024, compared to $81,862,000 in the prior year[198]. - For the nine months ended September 30, 2024, total EGM revenues increased by 9.2% to $263,306,000 compared to $241,101,000 in the prior year[206]. - Interactive segment revenue surged by 89.9% to $5,942,000 for the three months ended September 30, 2024, up from $3,129,000 in the same period last year[223]. Net Income and Profitability - The company reported a net income of $2.43 million for the three months ended September 30, 2024, compared to a net loss of $0.16 million in the prior year[164]. - Net income surged to $7,217,000, a 1,899.2% increase from $361,000 in the previous year[177]. - For the three months ended September 30, 2024, the company reported a net income of $2.432 million, a significant increase of $2.588 million compared to a net loss of $156,000 in the same period of 2023, representing a percentage change of 1,659.0%[236]. - For the nine months ended September 30, 2024, net income was $7.217 million, up by $6.856 million from $361,000 in the same period of 2023, marking a percentage change of 1,899.2%[238]. Operating Expenses - Operating expenses increased by 9.2% to $81.71 million, with research and development expenses rising by 20.5% to $11.73 million[164]. - Total operating expenses increased by 9.0% to $240,849,000, with significant increases in costs of equipment sales and selling, general, and administrative expenses[177]. - Selling, general, and administrative expenses rose by $5.8 million, largely due to increased professional and legal fees related to a merger[183]. - Research and development expenses increased by 9.1% to $34,328,000, driven by higher salaries and professional fees[184]. Equipment Sales - Equipment sales rose by 29.6% to $36.74 million, driven by an increase of 296 EGM units sold year over year, totaling 1,641 units sold[164][166]. - Equipment sales increased by 27.2% to $103,955,000, driven by the sale of 4,462 EGM units, up from 3,725 units in the prior year[179]. - Equipment sales revenue rose by 30.6% to $36,364,000, driven by an increase of 296 EGM units sold year over year, totaling 1,641 units sold[202]. - Equipment sales for the nine months increased by 27.8% to $102,621,000, attributed to the sale of 4,462 EGM units, up from 3,725 units sold in the prior year[209]. - Equipment sales for Table Products decreased by 6.8% to $1,334,000 for the nine months ended September 30, 2024, down from $1,432,000 in the previous year[219]. Tax and Financial Position - The effective income tax rate for the three months ended September 30, 2024, was 32.5%, a significant decrease from 119.9% in the prior year[174]. - The effective income tax rate decreased to 21.2% from 39.5% in the prior year, primarily due to changes in valuation allowances and other permanent differences[188]. - The company had $45.0 million in cash and cash equivalents and $40.0 million available under its revolving credit facility as of September 30, 2024, indicating sufficient liquidity for operational needs[241]. - Net cash provided by operating activities for the nine months ended September 30, 2024, was $79.939 million, an increase of $20.184 million compared to $59.755 million in the same period of 2023[244]. Strategic Initiatives - The company is pursuing a merger with Bingo Holdings I, LLC, expected to be completed in the second half of 2025, with shareholders set to receive $12.50 per share[150][152]. - The company is considering expansion opportunities into underserved markets and may require additional funds for strategic growth, which could involve incurring additional debt or issuing equity[240]. Performance Metrics - The company’s participation model, which includes revenue sharing agreements, generated approximately 63% of total revenue for the three months ended September 30, 2024[164]. - EGM Adjusted EBITDA increased by 2.2% to $37,595,000, with an EBITDA margin of 42.4% for the three months ended September 30, 2024, down from 44.9% in the prior year[203]. - EGM Adjusted EBITDA for the nine months was $114,354,000, a 6.2% increase from $107,661,000 in the prior year, with an EBITDA margin of 43.4%[210]. - Total Adjusted EBITDA for the company is provided to give investors additional information to measure performance[230]. - Total Adjusted EBITDA for the three months ended September 30, 2024, was $43.725 million, reflecting a 9.0% increase from $40.111 million in the same period of 2023, with a change of $3.614 million[236]. - Total Adjusted EBITDA for the nine months ended September 30, 2024, reached $129.808 million, an increase of 11.7% from $116.207 million in the same period of 2023, with a change of $13.601 million[238]. Installed Base and Market Position - As of September 30, 2024, the company had placed 5,505 table products, positioning itself as a leading supplier in the gaming industry[156]. - The total installed base of EGM units reached 23,033 as of September 30, 2024, reflecting a 2.3% increase from 22,507 units in the prior year[199]. - The installed base of Table Products increased by 196 units to 5,505 units as of September 30, 2024, compared to 5,309 units in the prior year[220]. - Class II EGM installed base decreased by 3.7% to 10,837 units, while Class III increased by 12.9% to 5,836 units[205]. Legal and Compliance - No changes in internal control over financial reporting were noted that materially affected or are likely to materially affect the company's internal controls[258]. - Legal proceedings information is incorporated from Note 12, "Commitments and Contingencies," in the condensed consolidated financial statements[260].

LAS VEGAS, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Global gaming supplier AGS (NYSE: AGS or “the Company”) will serve a full-course menu of delectable gaming experiences, including high-performing slot and iGaming content, cutting-edge cabinets, and revolutionary table game innovations at the 2024 Global Gaming Expo (“G2E”) in Las Vegas on October 8 to 10. Products for Every Space, Games for Every PalateAs AGS continues to evolve and secure its place among the top four slot suppliers in North America, its G2E sh ...

LAS VEGAS, Sept. 23, 2024 (GLOBE NEWSWIRE) -- AGS (NYSE: AGS), a leading supplier of high-performing slot, table, and interactive gaming products to casino operators, is proud to announce its recognition as one of the 2024 Best and Brightest Companies to Work For in the Nation and Atlanta by the National Association for Business Resources (NABR). 2024 marks the eighth consecutive year in which AGS has received recognition. Concurrently, AGS has been named to the Las Vegas Review-Journal and Business Press, ...

This has been an eventful week for Wall Street, which suffered a bloodbath on Aug 5. Billions of dollars were wiped out of the market cap of hundreds of companies after a weak jobs report last week reignited fears that the economy might slip into a recession as higher interest rates continue to hurt industries and consumers.One week down the line, the situation appears to be stabilizing as fresh data showed that jobless claims declined more than expected. Following the release of the report, all three major ...

Investors in PlayAGS, Inc. (AGS) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $5.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...

Revenue Performance - For the six months ended June 30, 2024, approximately 65% of total revenue was generated through recurring contracted lease agreements [150]. - EGM segment represented 91% of total revenue for the six months ended June 30, 2024, with over 550 proprietary game titles available [154]. - Total revenues for the three months ended June 30, 2024, increased by 7.7% to $96.739 million compared to $89.832 million in the prior year [163]. - Total revenues for the six months ended June 30, 2024, increased by 11.4% to $192,712,000 compared to $173,007,000 in the prior year [177]. - Gaming operations revenue rose by 4.9% to $125,499,000, driven by a $3.7 million increase in the domestic Interactive segment and a $1.6 million increase in the EGM segment [178]. - Equipment sales revenue surged by 25.9% to $67,213,000, attributed to the sale of 2,821 EGM units, an increase of 441 units year over year [179]. - The EGM segment's total revenues for the three months ended June 30, 2024, increased by 5.7% to $87,383,000 compared to $82,681,000 in the prior year [199]. - Gaming operations revenue increased by 1.5% to $108,377,000 for the six months ended June 30, 2024, compared to $106,763,000 in the prior year [205]. - Total EGM revenues increased by 9.7% to $174,634,000 for the six months ended June 30, 2024, compared to $159,239,000 in the prior year [205]. - Total Interactive revenue for the six months ended June 30, 2024, was $8,963,000, reflecting a 69.8% increase from $5,278,000 in the prior year [226]. Operating Expenses - Operating expenses increased by 11.0% to $82.964 million for the three months ended June 30, 2024 [163]. - Operating expenses increased by 8.9% to $159,137,000, with significant contributions from selling, general and administrative expenses rising by 10.7% to $40,885,000 [177]. - Research and development expenses increased by 3.9% to $22,602,000, driven by higher salaries and professional fees [183]. - Research and development expenses rose by 32.6% to $2,760,000 for the six months ended June 30, 2024, compared to $2,082,000 in the same period last year [238]. - Research and development costs for Table Products increased by 17.4% to $1,167,000 for the six months ended June 30, 2024, compared to $994,000 in the prior year [216]. Profitability - Net income for the six months ended June 30, 2024, was $4,785,000, a substantial increase of 825.5% compared to $517,000 in the prior year [177]. - The effective income tax rate for the three months ended June 30, 2024, was 19.6%, down from 36.3% in the prior year [175]. - The effective income tax rate for the six months ended June 30, 2024, was an expense of 13.8%, contrasting with a benefit of 375.0% in the prior year [188]. - EGM Adjusted EBITDA increased by 8.3% to $76,759,000 for the six months ended June 30, 2024, compared to $70,889,000 in the prior year [205]. - Table Products Adjusted EBITDA rose by 8.8% to $4,913,000 for the six months ended June 30, 2024, compared to $4,514,000 in the prior year [216]. - Interactive Adjusted EBITDA surged by 424.1% to $2,479,000 for the three months ended June 30, 2024, compared to $473,000 in the same period last year [221]. Cash Flow and Liquidity - As of June 30, 2024, the company had $44.2 million in cash and cash equivalents and $40.0 million available under its revolving credit facility [242]. - The company expects to finance its liquidity requirements through cash on hand, additional financing, and cash flows from operating activities [240]. - As of June 30, 2024, net cash provided by operating activities increased to $57.973 million, up from $29.872 million in the same period of 2023, representing a change of $28.101 million [244]. - The net decrease in cash, cash equivalents, and restricted cash was $6.745 million for the six months ended June 30, 2024, compared to a decrease of $2.874 million in the same period of 2023 [244]. - The increase in cash used in investing activities was primarily due to a $7.7 million increase in purchases of property and equipment and a $1.3 million increase in software development expenditures [246]. - Cash used in financing activities increased by $20.0 million, primarily due to a voluntary payment of $15.0 million in debt principal and $4.4 million in stock repurchases related to employee equity awards [247]. Market Presence and Expansion - The table products segment had placed 5,483 products as of June 30, 2024, indicating a strong market presence [157]. - The interactive segment focuses on a B2B game aggregation platform, catering to the growing online RMG sector [159]. - The company plans to consider expansion opportunities into underserved markets and may incur additional debt or issue equity for strategic growth [241]. - The total installed base of EGM units reached 23,142 as of June 30, 2024, an increase of 600 units or 2.7% from 22,542 units in the prior year [205]. - The installed base of Table Products increased by 226 units or 4.3% to 5,483 units as of June 30, 2024 [216]. Financial Controls and Reporting - There were no required financial covenants for the company's debt instruments as of June 30, 2024 [243]. - The company does not maintain any off-balance sheet transactions or arrangements that could materially affect its financial condition [249]. - There were no material changes to the company's critical accounting policies during the six months ended June 30, 2024 [250]. - The company's disclosure controls and procedures were evaluated and deemed effective as of June 30, 2024 [253]. - There were no changes in internal control over financial reporting that materially affected the company's financial reporting as of the end of the fiscal quarter [254].

Group 1: Company Overview - PlayAGS, Inc. is a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry [1] - The company has strong ties to Oklahoma, where it was founded and maintains its primary manufacturing hub [2] - AGS has evolved from supplying Class II slot games to becoming a leading all-inclusive commercial gaming supplier [3] Group 2: Product Showcase - AGS will showcase its new mechanical stepper and innovative slot games at the Oklahoma Indian Gaming Association trade show on August 13-14 [1] - The company will present its award-winning progressive platform for poker rooms, including the Bonus Spin™ Xtreme side bet option [1] - Attendees will see the debut of the farm-themed slot game Moo Cluck Oink™ and the classic three-reel mechanical stepper Revel™ with new games [1]