AGEMupdate
AGEM Member Profiles
Bronze Member Profile Play ’ n GO Malta Ltd . playngo . com
The first to recognize the potential of “ gaming on the go ” in 2005 , Play ’ n GO is a leading B2B online slots provider in the casino industry , with an unmatched portfolio of over 300 premium titles , delivered to regulated casino operators in more than 25 jurisdictions .
Associate Member Profile Gasser Chair Company gasserchair . com
Gasser Chair Company , based in Youngstown , Ohio , founded in 1946 , is an American manufacturer of high-quality seating for international hospitality and casino venues . Gasser remains a family-owned business with a philosophy of developing solutions to customers ’ requirements and manufacturing the finest quality seating .
Associate Member Profile Genesis Gaming Solutions genesisgaming . com
Genesis Gaming Solutions , based in Texas with offices in Las Vegas , develops hardware and software solutions for casino pit and poker room management and player tracking operations . Genesis began its operations in 1999 and continues to enhance its products and tools for its customers to stay profitable and competitive in today ’ s casino environment .
AGEM July 2024 Recap
• Following the recent legislative developments in Brazil surrounding gaming , James Kilby of Vixio Regulatory Intelligence gave members an update of the current situation and what it may mean for the industry . On June 19 , the Senate Committee on Constitutional , Judicial and Citizenry affairs voted 14- 12 to approve a sweeping gaming expansion bill to authorize land-based casino resorts , bingo halls and video bingo machines across Brazil . Several amendments were approved by the committee , including one to enable casinos to be developed alongside pre-existing resort facilities . The committee vote , which had been postponed on several occasions following a May hearing , now enables Bill 2234 / 2022 to be brought up for consideration on the Senate floor , where the Senate president has committed to holding a plenary vote on the bill , but not until after an upcoming parliamentary recess .
• AGEM Executive Director Daron Dorsey led a discussion among the members about recent legal developments in Mexico , where some operators and suppliers received positive rulings on challenges to the reform decree passed in late 2023 . Such decisions only apply to the parties involved in them , so the industry remains hopeful that the recent decision to consolidate the cases into designated courts will result in clearer guidance . AGEM continues to monitor the situation and will keep members aware of events as they occur .
• Dorsey also provided an update on the recent Federal Trade Commission rule that comprehensively bans new non-competition agreements at the federal level . As expected , several companies commenced challenges to the rule in various courts across the United States . On July 3 , a judge in the U . S . District Court for the Northern District of Texas issued a preliminary injunction against the rule after finding the FTC lacked authority for such a rule . While this preliminary injunction and decision affect the parties involved in the case , many other court challenges and rulings are expected before the rule ’ s effective date in September .
• Korbi Carrison , event vice president of the Global Gaming Expo , provided an update to members 90 days out from the event . She shared that all exhibitors should have received their Customer Invitation programs , which provide unique codes for free passes , and as a result , customer registration is open and experiencing good activity . The exhibitor manual also is now live and available online , giving details of customer support specialists who provide the first lines of support on all show issues . Exhibitors were reminded of the Good Neighbor Pledge , which provides guidelines on when you can visit other exhibitor booths , as well as mindful planning of exhibits and communication among neighbors to share plans . In addition , Carrison shared this year ’ s planning to address logistical changes and efforts to ease the move-in / move-out procedure for everyone .
Forthcoming Events
• AGEM is once again pleased to sponsor the European Conference on Gambling Studies and Policy Issues ( EASG ), which takes place in Rome , Italy September 10-13 . This is the largest conference of its type in Europe and will welcome around 350 experts from more than 40 countries globally .
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 increased by 94.57 points to 1,330.19 in June 2024 , a 7.7 percent increase from the prior month . Compared to one year ago , the index climbed 26.6 percent to 279.43 points . During the latest month , nine of the 12 AGEM Index companies reported stock price increases , which resulted in nine positive contributions and three negative contributions to the AGEM Index . The largest positive contributor to the monthly index was Aristocrat Leisure Limited ( ASX : ALL ), whose 10.8 percent increase in stock price led to a 55.08-point gain to the index . Meanwhile , Light & Wonder Inc . ( NASDAQ : LNW ) saw its stock price increase by 9.8 percent , leading to a 21.97-point gain for the index . The largest negative contributor to the index was Crane NXT , Co . ( NYSE : CXT ), whose 2.9 percent decrease in stock price resulted in a 2.36-point loss to the AGEM Index . In June , all three major U . S . stock indices increased from the prior period . The NASDAQ grew by 5.9 percent over the month , while the S & P 500 rose by 3.5 percent . Additionally , the Dow Jones Industrial Average increased by 1.1 percent from the prior month .
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