Nevada Gaming Commission approves Brightstar affiliates’ PlayAGS acquisition
Nevada regulators approved Brightstar Capital Partners affiliates’ acquisition of PlayAGS, the companies said, 13 months after announcing the deal. The $1.1bn transaction is expected to close in early Q3, with shareholders due to receive $12.50 per share in cash, a 40% premium to the 8 May 2024 closing price.
The approval advances Brightstar’s acquisition, while the expected cash payment gives PlayAGS shareholders a defined transaction outcome.