Private equity firm Brightstar Capital Partners has completed its acquisition of gaming supplier PlayAGS.
The deal, worth around US$1.1bn, was first announced in May 2024 and approved a few months later.
PlayAGS has, over the past three years, more than doubled its global slot unit sales to over 6,100 and grown online real-money gaming content revenue by over 150 per cent.
AGS president said the deal “marks both a pivotal moment and a transformative new chapter” in the company’s history.
“With Brightstar as a strategic partner, we believe AGS is in an ideal position to accelerate growth and double-down on delivering focused, high-impact innovation across slots, table products, and online gaming.
“This partnership sharpens our ability to serve casino operators with differentiated content and solutions built to give them a winning edge.”
Andrew Weinberg, founder, CEO and co-chair of Brightstar, said: “We believe that AGS’ full-spectrum product offering and customer-centric culture set it apart in a growing industry.
“Our goal is to help the company expand into new markets and continue to use technology to create exciting games and products.”
AGS stockholders will receive US$12.50 per share in cash. AGS is now a privately held company and its shares will be delisted from the New York Stock Exchange.
