AGS halves losses in 2019 thanks to strong Q4
| By Daniel O'Boyle
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.
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.