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AGS intends to use the ~$170 million profit from their IPO (10.25 million shares at $16-18, with up to 15% more for the underwriter) to pay off a portion of this debt, and expects to have ~$515.3 million in principal debt after the IPO, plus a $30.0 million available revolving credit facility. Servicing this debt will cost $40.8 million in 2018, according to company filings. AGS's debt could create serious issues, especially if they suffer any downturn. Most of this debt is in a $450 million


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MGM Resorts ( NYSE:MGM ), Boyd Gaming ( NYSE:BYD ), and Caesars Entertainment ( NASDAQ:CZR ) have already announced sports book expansions, both in casinos and online, and that's just the early movers . While sports betting might be getting attention from the public, it isn't a very big business for casinos yet. In Nevada, sports betting wins for casinos were just $329.1 million, which pales in comparison to games like baccarat and blackjack, which pulled


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