Published
Land-BasedCasinoFinancial

AGS reduces losses in first year as public company

AGS reduced its annual net loss by 54% to $285.3m for 2018,  in its first year as a publicly-traded company,

AGSLogo

The supplier's annual revenue was $285.3m, an increase of 35%, with adjusted EBITDA increasing 27% to $136.2m.

AGS reported record sales in electronic gaming machines (EGMs), as sales rose 71%  to 4,387 units.

After opening the year at $18.50, the share price peaked at $32.04 in August and on 1 March 2019 was $23.92.

In the fourth quarter of 2018, AGS made revenue of $72.1m, a 25% increase.

Net loss for Q4 increased 21% to $10.3m, with adjusted EBITDA for the period growing 19% to $31.5m.

The supplier reports growth in EGM sales in the Class III marketplace as a Q4 highlight, primarily in early-entry markets such as Ontario, Mississippi and Nevada.    

 

 

 


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...