PlayAGS, a Las Vegas-based casino game supplier, has announced that its total revenue for the fourth quarter of 2022 increased by 16% year-over-year to $63.8 million [1][2]. The company has attributed its growth to strong performances in both its gaming operations and gaming equipment segments [1].
PlayAGS saw a 7% increase in its gaming equipment sales, with over 1,000 units sold during the quarter, while gaming operations revenue rose by 23% due to higher-than-expected performance from leased slot machines and table game products.
"We are pleased to report a strong finish to 2022, with fourth quarter revenue and Adjusted EBITDA both up 16% year-over-year, driven by the continued success of our gaming operations and gaming equipment segments," said PlayAGS President and CEO, David Lopez.
This positive financial report is a promising sign for PlayAGS as it looks to continue expanding its presence in the casino gaming industry.
PlayAGS saw a 7% increase in its gaming equipment sales, with over 1,000 units sold during the quarter, while gaming operations revenue rose by 23% due to higher-than-expected performance from leased slot machines and table game products.
"We are pleased to report a strong finish to 2022, with fourth quarter revenue and Adjusted EBITDA both up 16% year-over-year, driven by the continued success of our gaming operations and gaming equipment segments," said PlayAGS President and CEO, David Lopez.
This positive financial report is a promising sign for PlayAGS as it looks to continue expanding its presence in the casino gaming industry.
