NEW YORK, NY / ACCESSWIRE / August 8, 2020 / Pomerantz LLP announces that a class action lawsuit has been filed against PlayAGS Inc. ("PlayAGS" or the "Company") (NYSE:AGS) and certain of its officers. The class action, filed in United States District Court for the District of Nevada, and indexed under 20-cv-01428, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired PlayAGS securities between August 2, 2018, and August 7, 2019, inclusive (the "Class Period"), seeking to pursue claims against the Defendants under the Securities Exchange Act of 1934 (the "Exchange Act").

If you are a shareholder who purchased PlayAGS securities during the class period, you have until August 24, 2020, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

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PlayAGS is a designer and supplier of electronic gaming machines. It operates with three business segments: (i) electronic gaming machines ("EGM"), which comprises 95% of the Company's revenue and provides 380 game titles on EGM cabinets; (ii) table products, including live felt table games, side bet offerings, progressives, signage, and other ancillary table game equipment; and (iii) interactive, which offers social casino games including online versions of the Company's game titles.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements, and failed to disclose material adverse facts about the Company's business, operational, and compliance policies. Specifically, Defendants failed to disclose to investors that: (i) PlayAGS was experiencing challenges in its business in Oklahoma; (ii) as a result, the Company's recurring revenue would be negatively impacted; (iii) PlayAGS was experiencing challenges in its Interactive business segment, including delays in securing regulatory approvals and relevant licenses; (iv) as a result of the foregoing, PlayAGS was reasonably likely to record a goodwill impairment; and (v) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.