American Gaming Systems, Inc. (AGS), a company which designs, manufactures and operates gaming machines, has acquired the royalties of Bluberi Gaming & Tecnologies Inc. (Bluberi) for US$25 million.
Bluberi’s main activity focuses on the design and production of casino games. It also develops essential supporting technologies. This has allowed the company to access niche markets such as the US Indian Casinos Class II market, where it has deployed 7,000 gaming machines operating in close to 100 casinos with three partners. The company’s current business model is to provide games and technology in partnership with parties responsible for the commercialization, operation and support of gaming machines. The partnership strategy hinges on placing machines in casinos under revenue-sharing agreements. The royalties’ terms are roughly based on an 80-20 revenue split for the casino owner.
American Gaming Systems, Inc. designs, manufactures and operates gaming machines. It offers slot machines and video gaming machines, and server-based gaming and wide-area progressives.
Oaklins' team in Canada acted as the exclusive advisor to the seller in this transaction.
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