Aruze Gaming Global (AG2), a casino equipment manufacturer based in Las Vegas, Nevada, has announced significant strides in its expansion across North America and Asia, having successfully met the stringent requirements to secure gaming licenses in seven new jurisdictions. These approvals represent a substantial increase in AG2’s operational footprint, which now includes over 160 jurisdictions worldwide, up from 76 licenses in August 2023. This milestone includes new licenses in Macau (SAR), China (DICJ), Philippines (PAGCOR), Pennsylvania, Virginia, Saskatchewan, and Nova Scotia, among others still pending approval.
According to the company’s official press release, AG2 is setting up offices and distributorships in the Netherlands, Malaysia, Philippines, Cambodia, and Vietnam to bolster its international presence. This development signifies a major growth phase for AG2, highlighting its dedication to delivering innovative gaming solutions while adhering to the highest standards of regulatory compliance. The recent approvals are a testament to AG2’s commitment to fostering strong global partnerships and ensuring responsible gaming practices.
Kelcey Allison, Global Chief Operating Officer, expressed optimism about the timing of these new licenses. “The timing could not be better for the new gaming licenses. Coupled with the recent release of several new titles that are performing at 2 to 3 times house average – thus giving us some amazing new content for our existing and newly accessible markets.” Betty Zhao, Senior Vice President of International Operations, added, “Our explosive growth and high-performing new content is fueling a lot of excitement with our new customers.”
Good Times and Bad
Earlier this year, AG2 marked a significant achievement by obtaining validations from fourteen tribal entities across the United States. Additionally, the company secured licenses from the Wisconsin Division of Gaming, the West Virginia Lottery, and the Louisiana Gaming Control Board.
However, the journey has not been without its challenges. In August 2023, AG2 had to shut down its Las Vegas head office and lay off 100 employees, a move necessitated by financial difficulties following the company’s Chapter 11 bankruptcy filing six months prior. This decision was partly driven by a garnishment judgment related to a $27.4 million debt owed to Bartlit Beck LLP. This law firm represented Kazuo Okada in a lengthy lawsuit against Steve Wynn, culminating in a $2.6 billion settlement with Universal Entertainment Corp., founded by Okada, who was a major shareholder and investor in Wynn Resorts.
Despite these setbacks, AG2 has demonstrated resilience and a robust capacity for recovery and expansion. The new licenses and international offices signify not just a rebound but a strategic advancement into new markets, positioning AG2 as a formidable player in the global gaming industry. AG2’s expansion and the establishment of new offices in various international locations underscore the company’s vision for growth and its commitment to enhancing its market presence worldwide. As the company navigates the dynamic landscape of the gaming industry, these strategic moves are expected to drive further success and innovation, reinforcing AG2’s status as a leader in the field.