AGEMupdate
AGEM Member Profiles
Gold Member Profile Everi everi . com
Everi is a leading supplier of imaginative entertainment and trusted technology solutions for the casino , digital and gaming industry . With a focus on both customers and players , Everi develops entertaining games and gaming machines , gaming systems and services , while also providing core financial products and services , player loyalty tools and applications , and intelligence and regulatory compliance solutions .
Bronze Member Profile Euro Games Technology Ltd . egt-bg . com
Euro Games Technology ( EGT ) is a global gaming manufacturer with headquarters in Bulgaria and representative offices in Europe , Africa , Asia and North , Central and South America . Apart from its core slot business , EGT ’ s portfolio includes casino management and VLT systems , EGT multi-player , and EGT digital , focused on all online gaming verticals .
Associate Member Profile
CDC Gaming Reports cdcgamingreports . com
Since 2002 , CDC Gaming Reports has been one of the industry ’ s premier news , commentary and analysis sources . With team members in eight U . S . states and the United Kingdom , and a close operational partnership with Inside Asian Gaming , CDC Gaming Reports brings the world of gambling to the industry ’ s professionals .
AGEM March 2023 Meeting Recap
• The new chairman of the Nevada Gaming Control Board , Kirk Hendrick , hosted a workshop meeting on March 21 , to discuss modernization of Nevada ’ s regulatory oversight of gaming technology . This informal dialogue was designed to gather information from industry representatives highlighting experiences and practices in other gaming regions . AGEM Executive Director Daron Dorsey attended the workshop and shared a general synopsis and recommendations gathered through feedback from the membership .
• AGEM aims to continue pursuing discussions with the Pennsylvania Gaming Control Board to improve approval procedures and processes for getting land-based and online gaming products into that market . It appears that there is consensus that common ground can be found to speed up timelines , as well as working with the agency to improve general procedures going forward , so AGEM will continue the efforts on behalf of the membership .
• Some months ago , AGEM commissioned an Industry Impact Analysis and Report which provides an extensive overview into the supplier sector , both in the U . S . and globally . Members were informed at the March meeting that the report is complete and will be distributed to the membership in the coming weeks . This important study has been commissioned by AGEM several times over the years , and highlights the benefits the industry brings to communities through job creation , wage growth and general improvements to society . The latest version shows the supplier sector has been resilient over the past three years through the pandemic and that recovery and growth continue throughout the gaming supplier sector .
• A new plan for AGEM meetings and events was unveiled to the membership at the March meeting . During the pandemic , the need to switch to virtual meetings highlighted how accessible and successful the gatherings could be . Since that time , more and more members have chosen to stay “ virtual ,” so from April onward , the usual monthly gatherings will be held via Zoom . One of AGEM ’ s strengths . however , is to provide a good arena for people to get together to share information and network , so going forward , in-person events will be held every three to four months . These will consist of a variety of formats featuring key speakers or panel discussions , highlighting companies or services that are industry-related , possibly followed by a lunch or dinner or reception . More detailed plans and objectives will be shared at the next meeting that will provide a more interactive and beneficial forum for members in the long term .
• The Indian Gaming Association Trade Show and Convention took place March 27-30 at the San Diego Convention Center . AGEM ’ s Dorsey and President Bob Parente attended a presentation prior to the show consisting of a dedicated sponsorship towards tribal educational initiatives . This philanthropic support marks a new direction for AGEM , focusing more on educational initiatives rather than commercial ones .
AGEMindex
AGEM is an international trade association representing manufacturers of electronic gaming devices , systems , lotteries and components for the gaming industry . The association works to further the interests of gaming equipment manufacturers throughout the world . Through political action , trade show partnerships , information dissemination and good corporate citizenship , the members of AGEM work together to create benefits for every company within the organization . Together , AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment .
The AGEM Index decreased by 1.51 points in February 2023 to 950.91 , a 0.2 percent decrease from the prior month . Compared to one year ago , the index was down 2.04 points , or 0.2 percent . During the latest month , six of the 12 AGEM Index companies reported stock price increases , which resulted in five positive contributions to the AGEM Index and seven negative contributions . The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited ( ASX : ALL ), whose 7.6 percent increase in stock price led to a 9.27-point gain to the index . Additionally , Crane Co . ( NYSE : CR ) saw its stock price increase by 3.3 percent , leading to a 4.76-point gain to the index . The largest negative contribution to the index was sourced to Konami Corp . ( TYO : 9766 ), whose 5.7 percent decrease in stock price resulted in a 12.48-point loss for the AGEM Index . All three major U . S . stock indices saw month-over-month decreases in February 2023 . The Dow Jones Industrial Average decreased by 4.2 percent from the prior month , while the S & P 500 fell by 2.5 percent . Meanwhile , the NASDAQ dipped by 0.9 percent from January .
APRIL 2023 www . ggbmagazine . com 13