Vancouver, British Columbia, INTEGRITY GAMING CORP. is pleased to announce the completion of the previously announced plan of arrangement involving the Company, PlayAGS, Inc.
PlayAGS announced the finalization this week saying the integration was successful and the company is ready to see increasing recurring revenues this year. PlayAGS is a leading electronic gaming machines designer and supplier, and for interactive gaming solutions in the industry. They offer more than 2,600 games and offers its customers complete optimization options with all its products.
Details of the acquisition deal including AGS acquiring all of Integrity’s outstanding and issued common shares. AGS purchased the shares for $0.46 each making the total package worth $49 million. Integrity Gaming Corp caters to land-based casinos across Texas and Oklahoma with Class II and Class III gaming machines. Now with the acquisition complete, AGS will integrate all of Integrity’s brand, management team and operations under its roof and will centralize its headquarters for Integrity’s sector of the company in Oklahoma City.
Andrew Burke, AGS Senior Vice President released a small statement regarding the finalization saying, “We are thrilled to have so quickly closed this deal and are ready to provide Integrity’s customers with exceptional service and support. Every Integrity customer is also an AGS customer.”