What the bad jobs report means for markets
LAS VEGAS - AGS (NYSE: AGS), a prominent supplier in the global gaming industry with a market capitalization of approximately $500 million, has announced the appointment of David Jacques as the new Vice President of Table Games Engineering. Jacques, a seasoned professional in gaming technology, will be taking the helm to lead the company’s engineering efforts in table games, focusing on innovation and product development. The company maintains impressive gross profit margins of 70% and has demonstrated solid revenue growth of nearly 11% over the last twelve months.
David Jacques brings a wealth of experience to his new role at AGS, having previously served as Senior Director of Software Development at Light & Wonder and as Chief Technology Officer at DEQ Systems. His background positions him as a strong leader for AGS’s Table Games Engineering team, where he will be driving design, product development, and the introduction of new products.
Reporting to John Hemberger, Senior Vice President & General Manager of Table Products, Jacques’s responsibilities will also encompass supplier technical support, risk and asset management, as well as quality assurance initiatives within the Table Games Division. His strategic planning skills are expected to contribute significantly to AGS’s mission to provide high-quality gaming solutions to its casino partners.
John Hemberger expressed enthusiasm for Jacques’s appointment, citing his proven leadership and expertise in product development and engineering as aligning with AGS’s commitment to excellence in their offerings to the gaming industry.
AGS, known for its diverse mix of gaming experiences, has established itself as a comprehensive commercial gaming supplier. The company’s portfolio includes Class II and Class III slot products, a broad range of table products, real-money gaming platforms, and highly rated social casino solutions. Trading near its 52-week high of $12.16, AGS maintains a healthy current ratio of 3.71, indicating strong liquidity to support its operations and growth initiatives. The company’s P/E ratio of 10.08 suggests reasonable valuation relative to its earnings.
The announcement of Jacques’s appointment is based on a press release statement and signifies AGS’s continued focus on innovation and growth within the gaming industry. The company’s strategic hires and emphasis on technology and product quality underscore its position as a leader in the market.
In other recent news, PlayAGS, Inc. released its fourth-quarter financial results for 2024, which were included in its 10-K filing on March 6, 2025. Stifel analysts maintained a Hold rating on PlayAGS shares with a price target of $12.50, reflecting the ongoing acquisition by Brightstar Capital Partners. Shareholders are expected to receive $12.50 per share in cash upon the deal’s completion. The firm’s analyst, Jeffrey Stantial, noted a slight increase in projected Adjusted EBITDA for 2025 and 2026, driven by stronger-than-expected performance in PlayAGS’s Interactive segment. This adjustment led to a positive outlook on the company’s financial momentum, although the Hold rating indicates that the stock is seen as fairly valued at its current price. The acquisition is anticipated to close as planned, aligning with the price target set by Stifel. The analyst’s commentary suggests that the market has effectively priced in the expected outcome of the acquisition deal.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.