AGS appoints Adam Chibib as the Chairman of the Board

(PRESS RELEASE) -- PlayAGS, Inc., a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, announced the Company's Board of Directors has appointed Mr. Adam Chibib, current Board member and Lead Independent Director, as Chairman of the Board. Effective 27 January 2023, Chibib succeeded David Sambur, who recently stepped down from the Board after serving as Chairman for the past five years and as a member of the Board since 2013.

"On behalf of my fellow Board members, I would like to thank David Sambur for his guidance and insights as Chairman of the Board and for his nine years of leadership at AGS," said AGS President, Chief Executive Officer, and Board member, David Lopez. "We are excited to welcome Adam as our new Board Chairman. He is an incredibly well-respected leader within the gaming industry, and his depth of experience has been invaluable to AGS throughout his years of service. Adam's guidance and leadership from day one of the Company's initial public offering has played a critical role in shaping who we are as a Company today. I look forward to continue working with him in his new role."

In addressing his recent appointment, Chibib said, "I am extremely honored to serve as AGS' Chairman of the Board. Over the past five years, I have gained a great deal of respect for my fellow Board members and the Company's executive leadership team. I look forward to leveraging my previous experience in gaming and other industries to help guide AGS to the next level."

Chibib has served as a member of the AGS Board since January 2018. His 30-plus-year career has included executive roles at numerous successful companies ranging from early-stage start-ups to billion-dollar public companies and has spanned numerous industries including telecom software, security hardware, consumer financial services, and gaming. Chibib is currently the CFO of Self Financial, a consumer financial company based in Austin, Texas. Prior to Self Financial, he was a general partner at Silverton Partners, an early-stage venture capital firm, and, prior to that, served as President and Chief Financial Officer (CFO) of Multimedia Games Holding Company, Inc. ("MGAM"), which was acquired by Global Cash Access, Inc. (now known as Everi Holdings, Inc. "EVRI"). In addition to holding several board seats outside of AGS, he is the Treasurer for the Austin Film Society and serves on the Nominating Committee for the Eanes Education Foundation.