Gold Medallion Awarded To AGS For Dedication To US Vets

Casino sports, software and engineering designer, distributor and supplier AGS has been given a 2019 Gold Medallion Award through the Hire Vets programme of the U.S. Department of Labour.

Recognising the effort to hire, employ and retain US military veterans, AGS was the only known gaming provider, one of only two gaming firms to receive this national recognition alongside the Cosmopolitan Las Vegas, and one of only six firms in Nevada to win the honour through the programme.

This was made possible by the 2017 American Military Veterans Attracting and Employing Act, the only federal-level initiative that acknowledges job creators who are passionate about attracting, employing and retaining veterans from America.

The Las Vegas based company has put out a ‘ Veteran’s Honour Wall ‘ at its corporate offices to honour and reward members of the team who served and sacrificed.

David Lopez, AGS president and chief executive officer, as well as a US army veteran, commented, “At AGS we recognise that because of their backgrounds and experience, veterans bring leadership, technical skills, and a spirit of collaboration to our company and are valuable contributors to our success.

“We have made a firm commitment to not only hire more veterans, but to provide support and resources to our veteran employees and their families so they can thrive at work and in their communities. We’re honoured to receive the Gold Medallion through Hire Vets and are passionate about further bolstering our veteran’s initiatives.”

Publishing its financial performance for the three months to September 30, 2019, last week, AGS saw revenue climb 5 percent year-on-year to $79.4 million, but reported a net loss of $5.5 million compared to Q3 2018.

Revenue was driven by quarterly record EGM sales of 1,391, up four percent in 2018 over the same period. Notwithstanding these profits, AGS saw a loss of $5.5 million posted last year a net profit of $4.3 million, a fall attributed by the company to its PlayAGS business citing “non-cash depreciation and amortisation as well as an increase in tax expenses.”