The transaction, which closed on December 6th, is immediately accretive to AGS' earnings and cash flow.
AGS Chief Executive Officer, David Lopez, said: "We are excited about this transaction, which further solidifies our leadership in the Class II space and expands our Class II footprint by approximately 1,600 units in key markets such as California, Oklahoma, Montana, Washington and Texas.”
“By so significantly growing our Class II footprint, we are also reinforcing our commitment to the Class II business while accelerating our yield-management strategy to partner with casino operators to upgrade their platforms and content over the next several years," Lopez added.
With the newly acquired assets, the company's installed base of recurring revenue gaming machines grows to approximately 23,600 units. The Class II portfolio from Rocket includes wide-area progressive and standalone video and spinning-reel games and platforms.
AGS will leverage its extensive customer service network across the US to ensure that Rocket's customers receive exceptional responsiveness and consistency in service levels.
Source: GMB
