LAS VEGAS, Feb. 26, 2019 /PRNewswire/ -- AGS (NYSE: AGS) (or the "Company") today announced a major milestone in the history of its table games business as its installed base of table-game progressive products has now surpassed 1,000.
The Company's table progressive product suite includes two unique platforms: AGS' wheel-based Bonus Spin and the award-winning STAX, which features industry-leading games like Blackjack Match, Royal 9 Baccarat Progressive, and Super 4 Progressive Blackjack. These products, installed and driving revenue and player engagement in casinos across the United States, now number more than 1,000, with a healthy backlog of orders planned throughout 2019.
AGS Senior Vice President of Table Products John Hemberger said, "The growth of our progressive installed base has been phenomenal, especially considering that we only launched our table-game division in 2014 and had to build a development team, product portfolio, and sales team from the ground up. The fact that we have been able to reach this level of success so quickly is a true testament to the strength of our customer relationships and their outstanding confidence in AGS; we truly appreciate their support and will continue to innovate in partnership with our customers."
Foxwoods Resort Casino Vice President of Table Games Wayne Theiss said, "The AGS team delivers innovation, partnership, and outstanding customer service and has helped us add new levels of excitement to our casino pit. We have over 100 AGS progressive products on the floor, including Bonus Spin and STAX, and our players love the must-hit-by and community features of these products. We look forward to working with AGS' creative, dynamic team to further enhance our table-game revenues through new progressive features that focus on delivering even more value to our table-games players."
Hemberger said there is a growing demand for table progressives to enhance the game-play experience by creating more scenarios where players can win. "Table-game progressives are very attractive to players because with a relatively small additional wager or side bet, a player has the chance to win a life-changing prize. And even the smaller, more frequently hitting jackpots are tremendously fun for players because there's an inherent feeling of luck and the jackpot win itself creates palpable excitement in the pit that the winner and those around them experience."
One of the key drivers of AGS' table progressive recent success has been the award-winning STAX table-game progressive platform, which offers dynamic links to multi-level and must-hit-by jackpots. This highly configurable table games progressive system features various wagering options, along with up to five levels and distinct pools, to seamlessly transform basic games like blackjack, as well as AGS's player-favorite proprietary games like Chase the Flush™ and Criss Cross Poker. And with light-up bet sensors and a dynamic double-side display that prominently displays the progressive awards, STAX offers both player attraction and win celebrations.
Later in 2019, through a new feature called Golden Seat, AGS is expanding the capabilities of its STAX system to directly market to players and provide customizable rewards. The Company is also launching Bonus Spin Xtreme, an innovative wheel-based community or player-envy experience in which all the players who have wagered the side bet win a secondary award.
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, but our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.
Julia Boguslawski, Chief Marketing Officer and Executive Vice President of Investor Relations
Laura Olson-Reyes, Vice President of Marketing & Corporate Communications
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