AGS receives IPO approval from from Nevada regulators

The two member NGCB unanimously voted to recommend AGS for approval, with its recommendation being passed to the Nevada Gaming Commission later today.

AGS, which is currently the second largest Class II slot machine manufacturer in the US, requires regulatory approval before it can change its company registration in Nevada and commence the process to become a publicly traded company.

The company employs over 550 employees worldwide, with 120 of these being located in Nevada, and is looking to diversify into Class III gaming in order to better compete with existing Las Vegas gaming companies.

AGS currently has major operations in Nevada, Alabama and Texas, with further smaller operations in California, Florida and Montana.

Testifying before the NGCB, executives from AGS confirmed that they plan to reduce the company’s debts with proceeds from the initial public offering. The company also plans to expand operations in eight states together with Canada.

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Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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