AGS losses soar in second quarter
Gaming technology supplier AGS’s revenue fell 77.5% to $16.8m as its losses increased almost six-fold for the three months ending 30 June.
Gaming operations revenue declined 81.0% year-on-year as casinos across the US were closed for much of the quarter, while equipment sales revenue fell by 68.5% to $6.6m
Electronic gaming machines (EGMs) made up the vast majority of revenue, but this division’s contribution fell 80.3% to $14.0m. Table product sales fell 72.1% to $674,000.
However, AGS president and chief executive David Lopez said EGM performance per machine had recovered strongly since casinos resumed operations.