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Commission clears BrightStar takeover of PlayAGS, approving private-investor registration
Summary
The Nevada Gaming Commission approved BrightStar Capital Partnersacquisition of PlayAGS Inc., registering the private investment company and granting requested waivers for employee incentive units.
The Nevada Gaming Commission on June 26 approved registrations and waivers that permit BrightStar Capital Partners, via a series of holding and intermediary companies, to take PlayAGS Inc. private and convert it from a publicly traded to a privately held gaming supplier.
BrightStar founders and management told the commission they are experienced local investors and that the firm plans to support PlayAGSgrowth while preserving and potentially expanding local employment.…
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