AGS is a slot supplier that is being hit by next-wave Covid fear.
2020 Revenues are only expected to approach 33% of 2019 Revs.
AGS has adapted to the COvid THING in 2 ways:
* Drastically cutting expenses
* Borrowing 96M with 13% interest rate. This debt mature in 2024.
( Woke Capital-Banking complex loves this plandemic THING. Why wouldn't they? Previously viable business are borrowing money at 13%.)
* Intend to only add back expenses in proportion to participaton revenue (their share of the revenue of their leased machines)
Will AGS survive? Quite possibly, most of their customer base is in the tribal casino market, which is less vulnerable to central control than Vegas and other major gambling centers.
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