Mon Sep 09 14:13:47 UTC 2024: ## PlayAGS Set to Go Private as Brightstar Capital Partners Acquisition Nears Completion

**Las Vegas, NV -** Gaming equipment provider PlayAGS, Inc. (NYSE: AGS) is nearing a significant milestone with the acquisition by private equity firm Brightstar Capital Partners. The deal, known as the BH25E deal, has received shareholder approval and is expected to close in the latter half of 2025, pending regulatory approvals.

Following the acquisition, PlayAGS will transition from a publicly traded company to a privately held entity. Brightstar Capital Partners, known for investments in industrial, manufacturing, and services sectors, plans to leverage its operational expertise to enhance the value of AGS.

Analysts at B.Riley maintain a Neutral rating for PlayAGS, citing ongoing product momentum and growth in the interactive segment. The firm has adjusted its earnings estimates for PlayAGS, raising its forecast for EBITDA in 2024 and 2025. This reflects PlayAGS’s continued success in cabinet and content development and the acceleration of revenue in its interactive segment.

B.Riley anticipates the transaction will close without significant risks. The firm’s current stance on PlayAGS remains Neutral, suggesting a wait-and-see approach as the company heads towards the expected completion of its sale.

**InvestingPro’s Analysis:** InvestingPro data reveals that PlayAGS boasts a substantial gross profit margin of 70.31% for the last twelve months, underscoring its profitability. However, the company’s stock price has experienced significant volatility, with a 6-month price total return of 25.47% and a 1-year price total return of 64.91%. The company’s stock is currently trading near its 52-week high, suggesting investor confidence but also potential reevaluation of its stock value.

Investors seeking more detailed analytics and insights can access additional tips on PlayAGS through InvestingPro’s platform.

Read More