M&A Deal Summary

American Gaming Systems Acquires Cadillac Jack

On March 30, 2015, American Gaming Systems acquired technology hardware company Cadillac Jack from The Stars Group for 476M CAD

Acquisition Highlights
  • This is American Gaming Systems’ 1st transaction in the Technology Hardware sector.
  • This is American Gaming Systems’ 0th largest (disclosed) transaction.
  • This is American Gaming Systems’ 2nd transaction in the United States.
  • This is American Gaming Systems’ 1st transaction in Georgia.

M&A Deal Summary

Date 2015-03-30
Target Cadillac Jack
Sector Technology Hardware
Buyer(s) American Gaming Systems
Sellers(s) The Stars Group
Deal Type Divestiture
Deal Value 476M CAD

Target

Cadillac Jack

Duluth, Georgia, United States
Cadillac Jack, Inc. is a designer and supplier of electronic games and systems for the regulated global gaming industry with more than 13,000 units installed in hundreds of casinos across the United States and Mexico.

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Buyer(S) 1

Buyer

American Gaming Systems

Henderson, Nevada, United States

Category Company
Founded 1996
Sector Digital Media
DESCRIPTION

AGS LLC (American Gaming Systems) is a designer and manufacturer of Class II gaming machines for the Native American gaming market with an emerging presence in a broad range of commercial markets in the United States. As of December 31, 2013, the company had 8,563 gaming machines in 184 gaming facilities in 19 U.S. states, with 154 gaming facilities under revenue sharing agreements and 30 facilities under daily fixed fee agreements. The majority of the company’s systems are used by Native American gaming operators in both Class II and Class III environments, with a recent expansion into the Illinois video gaming terminal, or VGT, market. The company’s products include electronic gaming machines, server-based systems and back-office systems that are used by casinos and other gaming locations. The company believes its top titles are some of the most popular Class II games and among the highest grossing titles in its customers’ facilities.


DEAL STATS #
Overall 2 of 7
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 5
State (Georgia) 1 of 1
Country (United States) 2 of 5
Year (2015) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-12 Colossal Gaming

Las Vegas, Nevada, United States

Colossal Gaming LLC is a game design studio with the mission to bring new and unique game play to the industry. Colossal is a pioneer in large-format slot gaming, and the designer and manufacturer of the top performing games Hot at the Top and Colossal Diamonds.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Aristocrat - Bonus Spin Technology & Table Signage

Australia

Aristocrat - Bonus Spin Technology & Table Signage offer a bonusing/progressive system which customers can add to existing table games in the form of a virtual wheel. This allows players a chance to win top jackpots or prizes even when achieving a premium hand, which occurs quite frequently. Bonusing and progressive jackpots have become a huge part of the pit as they greatly intensify player excitement and allow operators to improve earnings per table.

Buy -

Seller(S) 1

SELLER

The Stars Group

Toronto, Ontario, Canada

Category Company
Founded 2004
Sector Software
Employees1,991
Revenue 2.0B USD (2018)
DESCRIPTION

The Stars Group is a designer, developer, manufactures, distributes, sells, and services technology-based gaming solutions for the regulated gaming industry worldwide. The Stars Group was founded in 2004 and is based in Toronto, Canada.


DEAL STATS #
Overall 1 of 3
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 3
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 Diamond Game Enterprises

Chatsworth, California, United States

Diamond Game Enterprises, Inc. is a manufacturer and service provider of games.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 CryptoLogic

Toronto, Ontario, Canada

CryptoLogic, Inc. is a developer of branded online betting games and internet casino software.

Sell -