AGEMupdate
AGEM Member Profiles
Silver Member Profile Zitro globalzitro . com
Zitro ’ s strong focus on research , development and innovation of products has led the company to become a global leading supplier of video slot and video bingo games in addition to its commitment to give greater prominence to the online market .
Bronze Member Profile
Competition Interactive competitioninteractive . com
Competition Interactive is a licensed gaming manufacturer born from the love of game design and the passion of evolving the casino gaming experience . Their strong team brings years of experience to provide the gaming industry with next-gen fun and engaging casino and iGaming products .
Associate Member Profile Butler Snow LLP butlersnow . com
AGEM November 2022 Meeting Recap
• AGEM will host Nevada Gaming Control Board member Brittnie Watkins and Technology Division Chief Jim Barbee at the next monthly gathering on December 13 . In addition to a discussion with GCB Technology on general industry issues , this will also be prior to the Nevada Gaming Commission agenda on December 22 , where proposed Regulation 5 provisions surrounding cybersecurity will be discussed and considered . AGEM , through its Compliance Committee and outside counsel , is preparing a response and comments on the proposed regulations . Members are also invited to provide additional information that may assist with AGEM ’ s response to ensure that supplier considerations are identified and considered .
• G2E 2022 was recently completed and deemed to be a successful show by exhibitors and visitors alike . Korbi Carrison , G2E event director , gave a recap of the show at the recent monthly meeting . Total attendance is thought to be 25,000 , a number which is just shy of 2019 figures ; however , the data is still being analyzed with final figures not yet verified . The G2E educational panels were particularly well attended with higher-than-expected numbers and in some cases , all seats taken with standing room only . The focus now is to build on the success of this year ’ s show by evaluating all the feedback to determine what worked , what didn ’ t , and how they can continue to improve to make G2E the best show .
• For the past few months , the AGEM Compliance Committee has been putting together information to present to the Pennsylvania Gaming Control Board to improve the process of game / product approvals . Currently , some of the processes through the lab are quite cumbersome due to the regulations not keeping up with the fast pace of technology progress . AGEM members have been invited to provide information highlighting some of the more common issues that can be presented to the agency for discussion in hopes of finding a more efficient process for all parties .
Forthcoming Events
• AGEM is supporting the National Black Caucus of State Legislators Conference November 30- December 3 in Las Vegas by sponsoring a cocktail reception during the event .
• The AGEM McMonigle Cup Golf Tournament takes place at Bear ’ s Best Las Vegas on December 6 . Open to all members , the event will consist of 20 two-person teams and will conclude with a barbecue lunch and prize-giving .
• The National Conference of Legislators from Gaming States Winter Meeting takes place December 8-11 in Las Vegas . AGEM will be a sponsor of this important legislator event with Executive Director Daron Dorsey and Director of Responsible Gaming Connie Jones taking part in various events and panels during the conference .
• The next AGEM Board of Directors / Voting Member meeting will be held on December 15 .
AGEMindex
Butler Snow LLP is a full-service law firm with a network of attorneys , advisers and staff collaborating across a network of more than 25 offices in the United States , Europe and Asia , allowing clients to benefit from strategic counsel , efficient execution and innovative solutions to complex challenges .
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 106.87 points in October 2022 to 846.64 , a 14.4 percent improvement from the prior month . Compared to one year ago , the index was down 231.28 points , or 21.5 percent . The latest period marked the first month-over-month increase following a two-consecutive-month skid . During the latest month , nine of the 12 AGEM Index companies reported stock price increases , resulting in nine positive contributions to the AGEM Index and three negative contributions . The largest positive contributor to the monthly index was Aristocrat Leisure Limited ( ASX : ALL ), whose 12.6 percent increase in stock price led to a 35.62-point gain to the index . Light & Wonder Inc . ( Nasdaq : LNW ) contributed a 29.78-point increase to the index as the result of a 30.9 percent increase in its stock price . The largest negative contribution to the index was sourced to Konami Corp . ( TYO : 9766 ), whose 2.3 percent decrease in stock price resulted in a 5.2-point loss for the AGEM Index . All three major U . S . stock indices saw month-over-month increases in October 2022 . The Dow Jones Industrial Average increased by 13.9 percent from September , while the S & P 500 grew by 8 percent . Meanwhile , the NASDAQ rose 3.9 percent over the month .
DECEMBER 2022 www . ggbmagazine . com 13