Three months after suffering through its first-ever quarterly earnings meltdown, gaming equipment provider AGS steered its ship back on course. The Las Vegas-based company said revenues grew 5.1% to $70.4 million in the quarter that ended Sept. 30 and, more importantly, cash flow rebounded from a 2% dip in the second quarter to a 9.6% increase in the third quarter to $36.8 million. AGS CEO David Lopez said Thursday the third quarter featured the sale of nearly 1,400 electronic gaming machines, the single-highest quarterly sale in the company’s history.
News Ticker
- Lucky Slot Player Hits Over $240,000 Jackpot Win at Seminole Classic Casino in Hollywood, Fla.
- Mohegan Pennsylvania Partners with Aristocrat Gaming™ on a New Smoke-Free Gaming Space
- Center for Native American Youth Fellow Ivy Pete Advocates for Indigenous Rights at United Nations Global Indigenous Youth Forum
- Assistant Secretary Newland Highlights Bison and Grasslands Restoration During New Mexico Visit
- ilani and Rock & Brews Restaurant and Concert Bar celebrates grand opening
- Peter Arceo Challenges Us to “Think Big” in Tribal Gaming Innovation
- Tohono O’odham Gaming Enterprise Provides Update on Construction of New Desert Diamond Casino White Tanks
- AMERIND Welcomes Sheryl Sattler as CFO
- Beyond the Barrel Whiskey Fest to Enthrall Whiskey Aficionados at Angel of the Winds Casino Resort
- Biden-Harris Administration Announces NewInteragency Effort to Support Tribal Water and Sanitation Infrastructure
Copyright © 2020 — Tribal Gaming and Hospitality Magazine — All Rights Reserved.