BENSALEM, Pa.–(BUSINESS WIRE)–$AGS #fraud–Law Offices of Howard G. Smith announces an investigation on behalf PlayAGS, Inc. (“PlayAGS” or the “Company”) (NYSE: AGS) investors concerning the Company and its officers’ possible violations of federal securities laws.
On August 7, 2019, PlayAGS reported a net loss of $7.6 million for second quarter 2019, which included a $3.5 million impairment to goodwill and $1.3 million impairment to intangible assets related to the Company’s real money gaming business.
On this news, the Company’s share price fell $8.99, or nearly 52%, to close at $8.31 per share on August 8, 2019, on unusually heavy trading volume.
If you purchased PlayAGS securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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