President and CEO of PlayAGS, David Lopez, discusses the company's decision to go public. PlayAGS is a slot machine maker based in Nevada valued at $550 million. PlayAGS is offering more than 10 million shares, priced at $17 per share. Lopez says every 1% of the market PlayAGS picks up equals $90 million in revenue for the company. Lopez says the gaming industry is resistant to a soft economy. He views the recent tax overhaul as a benefit to his company because it allows for more spending on equipment and gives players more money to spend.

Share:
More In Business
How to Save for Retirement the Right Way
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
Microsoft Is Having Its ‘iPhone Moment’
Jason Moser, analyst and adviser at the Motley Fool, shares thoughts on recent tech earnings, including what’s behind Google’s share price drop and why A.I. could be Microsoft’s ‘iPhone moment.’
Is Big Tech Keeping Kids Safe Online?
CEOs of social media platforms like Facebook, TikTok, and more meet with lawmakers Wednesday about how they are protecting children from sexual exploitation.
Load More