AGS PlayAGS Inc

Item 7.01. Regulation FD Disclosure.

Due to the business disruption caused by the rapid nationwide spread of the novel coronavirus and the actions by state and tribal governments and businesses to contain the virus, many of our customers have closed their operations and the markets that we serve have been significantly adversely impacted.  As a result, PlayAGS, Inc. (the “AGS,” “we” or “our”) has taken several actions to adapt to the severity of the crisis while protecting our employees and maintaining balance sheet flexibility. Among other things, we implemented short-term furloughs, company-wide salary reductions, and an approximate 10% reduction of our workforce. We expect that our furloughed employees will continue to receive all their employee benefits during the furlough.  In addition to these actions, we are reviewing alternatives for additional financing and may pursue one or more of these alternatives depending on the length of the casino closures in markets and jurisdictions where we earn our revenues.  While we continue to evaluate the impact of the coronavirus pandemic on our business and results of operations, we will continue to focus on supporting our employees, servicing our customers, and ensuring the long-term viability and success of our business. 

The information in this Item 7.01 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.