LAS VEGAS, January 26, 2018 – PlayAGS, Inc. (“AGS” or the “Company”), a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry, today announced the pricing of its initial public offering of 10,250,000 shares of its common stock at an initial public offering price of $16.00 per share, before underwriting discounts and commissions. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,537,500 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. AGS’s existing shareholders will not sell any shares in the offering.

The shares are expected to begin trading on The New York Stock Exchange (NYSE) under the symbol “AGS” on January 26, 2018. The offering is expected to close on January 30, 2018 subject to customary closing conditions.

AGS expects to receive gross proceeds of approximately $164.0 million from the offering, or approximately $188.6 million if the underwriters exercise their over-allotment option in full. AGS intends to use the gross proceeds from the offering to redeem in full its PIK notes, and pay fees and expenses in connection with the offering.

Credit Suisse, Deutsche Bank Securities, Jefferies and Macquarie Capital are acting as joint book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch, Citigroup, Nomura, Stifel and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering. Roth Capital Partners, Union Gaming, The Williams Capital Group, L.P. and Apollo Global Securities are acting as co-managers for the offering.