Experienced Gaming Executive Increases Depth of
AGS Board
LAS
VEGAS, July 12, 2022 /PRNewswire/ -- AGS (NYSE:
AGS) (or the "Company") today announced that David Jacques Farahi has been elected to AGS'
Board of Directors, and will serve on the Company's Nominating and
Governance, Compensation and Audit committees.
Farahi serves as Executive Chairman of Quick Custom Intelligence
since his appointment in 2022. Previously he served as Chief
Operating Officer of Monarch Casino & Resort (Nasdaq: MCRI)
from 2012 to 2021. Starting his gaming career at Monarch in 1998,
Farahi held several additional roles including Director of Investor
Relations, FP&A Analyst, as well as numerous positions within
the slot and gaming operations departments. From 2004 to 2007 he
held various finance industry roles with HSBC Bank PLC
in London, Geneva, and New York. Farahi served
four terms as President of the Colorado Gaming Association, from
2015 to 2021, where he spearheaded the industry's legislative
agenda, including three successful state-wide ballot initiatives.
In 2022, Farahi became an Adjunct Professor at Metropolitan
State University Denver, teaching an introductory course on
gaming and sports book management.
AGS President and Chief Executive Officer David Lopez said, "David is a seasoned industry
executive with extensive experience in both the gaming operator and
gaming regulator space. He has a proven track record of leading
teams to operational improvements, integrating and scaling a
substantial acquisition, and effectively communicating with the
investment community. We believe his strong industry experience
will be extremely valuable as we continue to grow, improve our
operational efficiency, and strengthen our relationships with our
casino operator partners."
Farahi said, "I have long admired the passion, grit, and
ingenuity of the AGS team. Since its inception, AGS has uniquely
approached operators as a true partner, developing products from
slots to table games and beyond that delight players. I'm honored
to be joining their board at such an exciting time for the
business. I have tremendous respect for David Lopez, his executive team, and the other
board members, and I look forward to collaborating with them to the
benefit of our team, customers, and shareholders."
Farahi earned an MBA from Columbia Business
School with concentrations in both Real Estate and Finance. He
also holds a BA in Economics and International Studies
from Northwestern University. He earned Dean's List honors
from both institutions.
About AGS
AGS is a global company focused on
creating a diverse mix of entertaining gaming experiences for every
kind of player. Our roots are firmly planted in the Class II tribal
gaming market, but our customer-centric culture and remarkable
growth have helped us branch out to become one of the most
all-inclusive commercial gaming equipment suppliers in the world.
Powered by high-performing Class II and Class III slot products, an
expansive table products portfolio, highly rated social casino,
real-money gaming solutions for players and operators, and
best-in-class service, we offer an unmatched value proposition for
our casino partners. Learn more at playags.com.
AGS Investor & Media Contacts:
Brad Boyer, Senior Vice President Corporate
Operations and Investor Relations
bboyer@playags.com
Julia Boguslawski, Chief Marketing
Officer
jboguslawski@playags.com
©2022 PlayAGS, Inc. Products referenced herein are sold by
AGS LLC or other subsidiaries of PlayAGS, Inc. Solely for
convenience, marks, trademarks and trade names referred to in this
press release appear without
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symbols, but such references are not intended to indicate, in any
way, that PlayAGS, Inc. will not assert, to the fullest extent
under applicable law, its rights or the rights of the applicable
licensor to these marks, trademarks and trade names.
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SOURCE AGS