SOURCE: American Gaming Systems (AGS)
LAS VEGAS, NV--(Marketwired - Jan 29, 2014) - American Gaming Systems ("AGS"), a leading designer and manufacturer of Class II gaming machines for the Native American gaming market with an emerging presence in a broad range of commercial Class III markets in the United States, today announced the appointment of David B. Lopez to the position President and Chief Executive Officer.
Upon Mr. Lopez's appointment, Robert Miodunski will retire as Chairman, Chief Executive Officer and President of AGS. Mr. Miodunski has led AGS since July 2010 and has guided the company through a period of growth and expansion, culminating with the December 2013 acquisition of AGS by affiliates of Apollo Global Management, LLC.
"I want to thank Bob for his strong leadership and for leaving the company in an excellent position to take advantage of substantial growth opportunities," said David Sambur, a partner at Apollo Global Management, LLC and a director of the holding company that owns AGS. "We are also excited and pleased to welcome David Lopez as CEO and we are confident that his diverse experience in gaming supply and his strong track record will take AGS to the next level."
"I am very pleased that David Lopez will succeed me as CEO of AGS. The company is uniquely positioned to benefit from David's insight and expertise," said Mr. Miodunski. "I am confident that David is well prepared to guide the company's strategy going forward."
In joining AGS, David Lopez said, "I am excited about this compelling opportunity and look forward to working with our employees, suppliers and customers to transform AGS into a formidable gaming supplier. I'd also like to thank Bob Miodunski for positioning the company for success and future growth."
Mr. Lopez most recently served as President and Chief Executive Officer of Global Cash Access ("GCA"), and, prior to his role at GCA, as Chief Operating Officer of Shuffle Master Inc. During his 14-year tenure with Shuffle Master, Mr. Lopez held various positions within the organization, including Interim CEO, Executive Vice President, President of the Americas, Vice President of Product Management, as well as serving as a member of its Board of Directors.
Mr. Lopez's appointment will require him to file gaming applications with the appropriate jurisdictions where AGS is licensed.
About American Gaming Systems
American Gaming Systems is a leading 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 September 30, 2013, the company had 8,135 gaming machines in 169 gaming facilities in 18 U.S. states, with 145 gaming facilities under revenue sharing agreements and 24 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.