AGS Shareholders Approve Acquisition by Brightstar Capital Partners

Details of the Acquisition Agreement

The decision to approve the deal was made during a special meeting of stockholders held on August 6, 2024. The approval pushed the $1.1 billion deal forward and the transaction is expected to be finalized in the latter half of 2025.

The acquisition agreement will grant Brightstar Capital Partners full control of AGS’s gaming operations. As part of the deal, AGS will transition from a publicly traded entity to a privately held company.

This transition means that shares of AGS common stock will no longer be available on any public stock exchange upon the deal’s completion.

Regulatory Approvals and Next Steps

The completion of the transaction is subject to customary closing conditions, including the receipt of necessary regulatory approvals.

AGS has committed to filing the final voting results of the special meeting with the U.S. Securities and Exchange Commission on Form 8-K, ensuring transparency throughout the process.

“Joining forces with Brightstar represents an exciting new chapter for AGS and our mission to provide exceptional gaming solutions for our operator partners. With Brightstar’s resources and strategic guidance, we believe AGS will be well-positioned to make targeted investments in R&D, top talent, operations, and industry-leading innovation, which should accelerate our global footprint,” said PlayAGS CEO David Lopez.