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LAS VEGAS - AGS (NYSE: AGS), a key player in the global gaming industry with a market capitalization of nearly $500 million and impressive gross profit margins of 70%, has announced the appointment of industry veteran Daniel "Dan" Marcus as its new Vice President of Product Management. Marcus, with over two decades of experience in the gaming sector, will be responsible for overseeing the product life cycle of AGS’s slot machine portfolio, including development, market planning, and sales strategies. According to InvestingPro data, AGS has demonstrated strong financial performance, with revenue growth of nearly 11% in the last twelve months.
Assuming his role immediately, Marcus will report to Mark DeDeaux, the Senior Vice President and General Manager of Slots. He will work closely with Jackson Floyd, Vice President of Slots, aiming to achieve strategic goals across the company’s slot products division. Marcus’s role is pivotal in ensuring that the company’s research and development efforts align with sales objectives, facilitating effective product strategy and execution. The company’s strong financial health, rated as "GREAT" by InvestingPro’s comprehensive analysis, suggests it’s well-positioned to support these strategic initiatives.
Marcus’s extensive background in the gaming industry includes leadership roles at notable companies such as IGT, Bally Technologies, DraftKings, Hard Rock Digital, Hard Rock Hotel & Casino, and Harrah’s Entertainment. His previous accomplishments include steering commercial strategy for IGT’s premium segment and establishing Bally’s performance consulting group.
DeDeaux praised Marcus’s strategic vision and his ability to understand and meet market demands, citing these qualities as essential for AGS’s continued growth and expansion into new markets.
AGS, headquartered in Las Vegas, is recognized for its diverse portfolio of gaming experiences, including Class II and Class III slot products, table games, real-money gaming platforms, and social casino solutions. The company prides itself on its customer-centric approach and its commitment to providing value for its casino partners.
This move is part of AGS’s broader strategy to enhance its product management and market positioning as it continues to innovate and expand its reach in the gaming industry. The company’s solid financial foundation, including a healthy current ratio of 3.71 and trading near its 52-week high, supports its expansion plans. For deeper insights into AGS’s financial health and growth potential, investors can access the comprehensive Pro Research Report available on InvestingPro, which provides detailed analysis of this and 1,400+ other US stocks. The information for this article is based on a press release statement from AGS and financial data from InvestingPro.
In other recent news, PlayAGS, Inc. reported its fourth-quarter financial results for 2024, which were filed in its 10-K on March 6, 2025. Stifel analysts maintained a Hold rating on PlayAGS shares, with a price target of $12.50, reflecting the anticipated acquisition by Brightstar Capital Partners. The acquisition deal, in which shareholders are set to receive $12.50 per share in cash, is expected to proceed as planned. Stifel’s analysis includes a slight increase in the projected Adjusted EBITDA for 2025 and 2026, driven by stronger-than-expected performance in the company’s Interactive segment. Meanwhile, AGS announced the appointment of David Jacques as the new Vice President of Table Games Engineering, emphasizing the company’s focus on innovation and product development. Jacques, with his extensive experience in gaming technology, will lead AGS’s engineering efforts in table games. His responsibilities include supplier technical support, risk and asset management, and quality assurance initiatives. These developments highlight AGS’s strategic focus on enhancing its product offerings and maintaining its position in the gaming industry.
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