AGS halves losses in 2019 thanks to strong Q4

first_img AGS halves losses in 2019 thanks to strong Q4 Tags: Slot Machines 5th March 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter Casino & games Gaming technology supplier AGS cut its losses in half for 2019, as revenue increased 6.8% to $304.7m with the help of a profitable fourth quarter.Of AGS’s $304.7m in revenue, $298.6m came from the sale of 4,879 electronic gaming machines, a revenue increase of 44.9% year-on-year and an 11.0% increase in units shipped.A further $10.2m came from table products, up 148%, of which $9.6m was due to gaming operations and a further $639,000 in equipment sales. In August 2019 AGS acquired table games provider In Bet Gaming for an undisclosed fee.AGS brought in $4.9m from interactive gaming, down 38.8%. $3.3m of this came from social gaming and $1.6m from real-money gaming.Read more on iGB North America. Regions: US Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Slots Gaming technology supplier AGS cut its losses in half for 2019, as revenue increased 6.8% to $304.7m with the help of a profitable fourth quarter.last_img

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