AGS gets green light to offer its gaming products in Ohio

Las Vegas-based designer and manufacturer of gaming products for the casino industry, PlayAGS, Inc. (NYSE: AGS) recently announced that the company’s application to begin the sale and distribution of its Class III EGMs, along with its table game products, to commercial casinos statewide [Ohio], has been approved by the Ohio Casino Control Commission. Commenting on the approval, President and CEO of AGS, David Lopez, said, "We are very pleased that the Ohio Casino Control Commission has approved our license application and are confident in our ability to grow our Class III and table game product businesses within this robust marketplace," according to the press release. "This approval will allow us to leverage our already established relationships with many of the state's casino operators who are eager to begin offering our consistently high-performing products like OrionSM, ICON™, and Bonus Spin™.” The Ohio Casino Control Commission oversees all commercial gaming statewide, including Penn National Gaming-owned Hollywood Casino Toledo and Hollywood Casino Columbus, and JACK Entertainment’s JACK Cleveland Casino and JACK Cincinnati Casino. The recent approval of its Ohio license sees AGS’ total license count increase to 257 different jurisdictions, a 102 percent spike in total available market opportunity since 2012. Last month saw the Nevada Gaming Commission unanimously approved a registration order and an initial public offering (IPO) for what is the second-largest Class II slot machine manufacturer in the country. The New York Stock Exchange welcomed PlayAGS, Inc. on Jan. 26, 2018, on its initial public offering and first day of trading on the NYSE.