Agilysys

Longhorn Hotel & Casino Elevates Staff and Guest Experiences, Integrates Hotel and Casino Operations and Improves Reporting Insights Using Agilysys Hospitality Software

Retrieved on: 
Thursday, March 14, 2024

Agilysys, Inc. (Nasdaq: AGYS) is a leading global provider of state-of-the-art hospitality software solutions and services known for helping organizations such as Longhorn Hotel & Casino leverage automation and deeper guest insights to improve Return on Experience (ROE), a key hospitality metric capturing the financial and loyalty benefits of better serving both guests and staff.

Key Points: 
  • Agilysys, Inc. (Nasdaq: AGYS) is a leading global provider of state-of-the-art hospitality software solutions and services known for helping organizations such as Longhorn Hotel & Casino leverage automation and deeper guest insights to improve Return on Experience (ROE), a key hospitality metric capturing the financial and loyalty benefits of better serving both guests and staff.
  • An intuitive interface minimizes staff training time and a broad feature array supports a wide variety of customer preferences for point-of-sale transactions.
  • An intuitive, cloud-based property management solution (PMS) that improves performance across hotel and casino operations to grow occupancy and patronage, engage guests, increase revenue, eliminate costs and streamline processes for staff.
  • The system conveniently interfaces with a property’s existing cloud or on-premise systems and delivers faster financial returns with lower technology overhead.

Black Rock Oceanfront Resort Selects Agilysys Hospitality Technology To Expertly Deliver Luxury Experiences, Elevate Guest Returns and Manage Residence Rentals and Spa Operations

Retrieved on: 
Monday, December 18, 2023

The tranquility of the Pacific Ocean and its idyllic setting is one of the main reasons thousands of people stay at and return to British Columbia’s Black Rock Oceanfront Resort each year.

Key Points: 
  • The tranquility of the Pacific Ocean and its idyllic setting is one of the main reasons thousands of people stay at and return to British Columbia’s Black Rock Oceanfront Resort each year.
  • Black Rock Oceanfront Resort chose state-of-the-art hospitality solutions from Agilysys to help them create these personalized hospitality moments.
  • “We were looking for a partner to help us rise above the rest,” said Adele Larkin, general manager, Black Rock Oceanfront Resort.
  • Situated on the traditional lands of the Ucluelet First Nation, Black Rock Oceanfront Resort is actively striving to become a zero-waste hotel.

Agilysys Appoints Managing Director to Lead Growth in the Asia Pacific Market

Retrieved on: 
Wednesday, December 6, 2023

Agilysys , a leading global provider of hospitality software solutions and services, today announces the appointment of Tony Marshall to the position of Vice President and Managing Director for Asia Pacific.

Key Points: 
  • Agilysys , a leading global provider of hospitality software solutions and services, today announces the appointment of Tony Marshall to the position of Vice President and Managing Director for Asia Pacific.
  • With more than two decades in the industry, Marshall brings extensive experience driving sales and operations for hospitality technology companies in Asia Pacific and the Middle East.
  • Based in Singapore, Marshall will prioritize building awareness of Agilysys and its state-of-the-art hospitality software and solutions across the Asia Pacific region.
  • "I am excited to take on this challenge as we continue to expand across the Asia Pacific," said Marshall.

Community Health System Replaces Restaurant Takeout App With Agilysys Mobile POS Solution For Improved Foodservice Experience For Staff

Retrieved on: 
Tuesday, November 14, 2023

To improve service, this Community Health System decided to pilot the Agilysys OnDemand solution to simplify and expedite their ordering, payment and pickup processes.

Key Points: 
  • To improve service, this Community Health System decided to pilot the Agilysys OnDemand solution to simplify and expedite their ordering, payment and pickup processes.
  • Mobile access and convenience stimulate impulse buys, increase order volumes, raise check values and decrease staff workload through self-service.
  • Before Agilysys OnDemand, Community staff, providers and guests used an alternate system for food ordering, but the service was costly and difficult to manage.
  • “Mobile is the new ordering and payment expectation for hospital workers and visitors,” said Jamie Hodgson, vice president of sales, Agilysys.

Agilysys Announces Mandatory Conversion Date for Series A Convertible Preferred Stock

Retrieved on: 
Friday, November 3, 2023

Agilysys, Inc. (Nasdaq: AGYS) announced today that it has delivered a notice of mandatory conversion to the holders of its 5.25% Series A convertible preferred stock.

Key Points: 
  • Agilysys, Inc. (Nasdaq: AGYS) announced today that it has delivered a notice of mandatory conversion to the holders of its 5.25% Series A convertible preferred stock.
  • This notice informs convertible preferred stock shareholders that Agilysys has exercised its right to mandate that all outstanding shares of convertible preferred stock convert to shares of Agilysys common stock, as detailed in the Certificate of Designation of 5.25% Series A Convertible Preferred Shares of Agilysys, Inc.
  • As set forth in the Certificate of Designation, holders of convertible preferred stock have the option to convert those shares to Agilysys common stock before the mandatory conversion date if done before the close of business November 21, 2023, the second business day immediately preceding the mandatory conversion date.
  • Any shares of convertible preferred stock not converted to common shares by the mandatory conversion date will no longer be deemed outstanding and all holder rights for those shares, including dividend accruals, will terminate.

Kickapoo Lucky Eagle Casino • Hotel Chooses Agilysys to Elevate Guest and Staff Experiences at Food & Beverage Outlets

Retrieved on: 
Wednesday, November 1, 2023

Agilysys, Inc. (Nasdaq: AGYS) is a leading global provider of state-of-the-art SaaS hospitality software solutions and services known for helping organizations such as Kickapoo Lucky Eagle Casino • Hotel improve efficiency as well as revenue and margins.

Key Points: 
  • Agilysys, Inc. (Nasdaq: AGYS) is a leading global provider of state-of-the-art SaaS hospitality software solutions and services known for helping organizations such as Kickapoo Lucky Eagle Casino • Hotel improve efficiency as well as revenue and margins.
  • Mobile access and convenience stimulate impulse buys, increase order volume, raise check values, and shrink staff workloads through guest self-service.
  • “The integration of Agilysys products at Kickapoo Lucky Eagle Casino • Hotel marks a new era of guest-centric hospitality and cutting-edge technology in the entertainment industry,” said Anil Kumar, director of food & beverage, Kickapoo Lucky Eagle Casino • Hotel.
  • “Our cloud-native software is 100% focused on providing solutions that set the bar high, so properties consistently deliver delightful interactions.”

Agilysys Grows Second Quarter Revenue 23% to Record $58.6M

Retrieved on: 
Monday, October 23, 2023

Total net revenue increased 22.8% to a record $58.6 million, compared to total net revenue of $47.7 million in the comparable prior-year period.

Key Points: 
  • Total net revenue increased 22.8% to a record $58.6 million, compared to total net revenue of $47.7 million in the comparable prior-year period.
  • Subscription revenue increased 29.1% year-over-year and was 53.6% of total recurring revenue compared to 48.9% of total recurring revenue in the second quarter of fiscal 2023.
  • Free cash flow (non-GAAP) in the fiscal 2024 second quarter was $2.5 million compared to free cash flow of $2.3 million in the fiscal 2023 second quarter (reconciliation included in financial tables).
  • Ramesh Srinivasan, President and CEO of Agilysys, commented, “We are pleased with the strong fiscal year 2024 second quarter July-September results highlighted by year-over-year 22.8% quarter revenue and 29.1% subscription revenue growth, driving both to record high levels.

Streamline Health® Executes Strategic Restructuring, Provides Corporate Update

Retrieved on: 
Monday, October 16, 2023

The strategic restructuring initiatives are designed to reduce expenses and preserve cash while maintaining the Company’s ability to expand its high-margin SaaS business.

Key Points: 
  • The strategic restructuring initiatives are designed to reduce expenses and preserve cash while maintaining the Company’s ability to expand its high-margin SaaS business.
  • As part of the strategic restructuring initiatives, the Company has implemented a reduction in force of approximately 26 employees (approximately 24% of its workforce).
  • The Company expects the expense associated with the strategic restructuring to be substantially recognized by the end of fiscal 2023.
  • As a result of these strategic restructuring initiatives, the Company expects to realize annualized cost savings of approximately $5.8 million.

Agilysys To Demo Best-of-Breed and Ecosystem Property Management, Point-of-Sale and F&B Inventory Procurement Solutions at Global Gaming Expo 2023

Retrieved on: 
Tuesday, October 10, 2023

“Hospitality has never been a ‘one size fits all’ industry,” DeMarinis said. “Increasingly diverse patron expectations and an expanding range of staffing challenges make having smart and flexible choices in technology solutions -- whether in the cloud or on premise, best-of-breed or end-to-end ecosystem -- even more vital to a property’s success. Controlling the style and pace of technology adoption is central to ensuring smooth operations,” he said.

Key Points: 
  • Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of hospitality software solutions and services that deliver High Return Hospitality, will demonstrate a variety of PMS, POS and F&B Inventory Procurement solutions at Global Gaming Expo (G2E) 2023 to emphasize the importance of matching technology selections to property preferences.
  • Agilysys demonstrations will take place October 10 – 12 in Booth #3800 at The Venetian Expo in Las Vegas.
  • In addition, Agilysys solutions will be highlighted in G2E Education and Lab Sessions on Wednesday, October 11.
  • Likewise, properties that choose best-of-breed deployments today can migrate the same solutions to an end-to-end Agilysys ecosystem without heavy IT overhead.

Looking for Return on Experience™ for Guests and Staff, Saratoga Casino Holdings LLC Implements Agilysys’ Award-Winning POS at its Third Property, Magnolia Bluffs Casino Hotel

Retrieved on: 
Thursday, October 5, 2023

Saratoga Casino Holdings LLC has implemented Agilysys’ award-winning point-of-sale (POS) solution at two of its casino sites (Saratoga Casino Hotel in Saratoga Springs, NY and Saratoga Casino in Black Hawk, CO) and is expanding its footprint of the feature-rich system that enables staff members to deliver High Return Hospitality™.

Key Points: 
  • Saratoga Casino Holdings LLC has implemented Agilysys’ award-winning point-of-sale (POS) solution at two of its casino sites (Saratoga Casino Hotel in Saratoga Springs, NY and Saratoga Casino in Black Hawk, CO) and is expanding its footprint of the feature-rich system that enables staff members to deliver High Return Hospitality™.
  • Saratoga Casino Holdings extended its reach by acquiring the 140-room Magnolia Bluffs Casino Hotel in Natchez, Miss., and rolled out the Agilysys POS solution, bringing seamless efficiency to the property.
  • Agilysys, Inc. (NASDAQ: AGYS) is a leading global provider of modern-day SaaS and on-premises hospitality software solutions and services.
  • The leadership at Saratoga Casino Holdings LLC knows the technology they use could be a literal game-changer.”