AGS has announced a “major contract renewal” alongside Oklahoma’s Chickasaw Nation, which sees an expansion to represent its largest ever footprint alongside the tribe.
Agreeing terms ahead of the signing of a new long-term contract renewal effective from this month, the Chickasaw Nation has secured an AGS installed base of approximately 3,200 recurring revenue games, across the tribal gaming operator’s 22 casinos in the Sooner State.
“We are pleased to renew our long-standing relationship with AGS and look forward to furthering our partnership,” commented Bill Lance, Chickasaw Nation secretary of commerce.
Under the terms of the deal AGS is to install a significantly larger base of class II games than it previously had, across the Chickasaw Nation’s extensive gaming enterprise.
Prior to this agreement alongside the 13th largest federally recognised tribe, the Las Vegas headquartered developer, manufacturer and supplier of casino games, systems and technology drafted Mark DeDeaux as senior director of slot products.
David Lopez, AGS president and chief executive officer, added: “We are appreciative of our 14 year relationship with the Chickasaw Nation, this opportunity to renew our business with them, and their confidence in AGS.”
Earlier this month AGS released its financial report for the past year, in which it praised its 2019 acquisition of Integrity Gaming Corporation, in addition to new market entries, as the company reports rising revenues, largely thanks to continued growth in its electronic gaming machine segment.
Completing the $49m Integrity purchase last month, with included repaying $35m of the company’s outstanding debt, AGS has also lauded imminent entry into the Philippines.
Completing the necessary regulatory requirements, initial units of AGS’ Alora video bingo cabinet are now live, as it was stressed that “the Philippines video bingo market comprises approximately 70,000 machines currently, and we are confident that our content and innovative cabinet will be a competitive market addition.”