AGS REPORTS FIRST QUARTER 2022 RESULTS 

First Quarter 2022 Highlights: 

  • Sold 955 EGM Units Globally; Highest Level Achieved Since Q4 2019 
  • Premium EGM Units Increased Sequentially for the Ninth Consecutive Quarter; Accounted for Approximately 11% of Domestic EGM Installed Base at Quarter End 
  • Domestic EGM RPD Increased 2% Sequentially; Topped $30 for the Fourth Quarter in a Row 
  • Table Product Revenue Reached a New All-time Record of $3.5 Million; Third Consecutive Record-breaking Quarter 
  • Recent Debt Refinancing Lowers Borrowing Costs, Extends Key Debt Maturities and Reduces the Principal Amount of Debt Outstanding 
  • On Track to Achieve Year-End 2022 Net Leverage Target of less than 4.0x

LAS VEGAS, MAY 5, 2022 - PlayAGS, Inc. (NYSE: AGS) (“AGS”, “us”, “we” or the “Company”), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the first quarter ended March 31, 2022. 

In addressing the Company’s first quarter financial performance, AGS President and Chief Executive Officer David Lopez said, “I am encouraged by the degree to which the operating momentum we established throughout 2021 continued into the first quarter. We have heavily invested in strengthening the foundation of our Company over the past couple of years and are beginning to realize accelerating returns on these investments. To that end, I believe our solid first quarter performance simply foreshadows what our laser-focused organization can accomplish in the quarters and years ahead.” 

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