An investigation was announced concerning potential securities laws violations by PlayAGS, Inc. in connection with certain financial statements.
Investors who purchased shares of PlayAGS, Inc. (NYSE: AGS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PlayAGS, Inc. (NYSE: AGS) concerning whether a series of statements by PlayAGS, Inc. (NYSE: AGS regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Las Vegas, NV based PlayAGS, Inc. designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. PlayAGS, Inc. reported that its annual Total Revenue rose from $211.95 million in 2017 to $285.29 million in 2018 and that its Net Loss declined from $45.1 million in 2017 to $20.84 million in 2018.
On August 7, 2019, PlayAGS, Inc. reported a net loss of $7.6 million for second quarter 2019, which included a $3.5 million impairment to goodwill and $1.3 million impairment to intangible assets related to the Company's real money gaming business.
Shares of PlayAGS, Inc. (NYSE: AGS) declined from $20.42 per share in July 2019 to as low as $6.05 per share on August 8, 2019.
Those who purchased shares of PlayAGS, Inc. (NYSE: AGS) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
