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AGEM Member Profiles
Bronze Member Profile Weike Gaming Technology weikegaming . com
Weike Gaming Technology was established in 1998 and has built a solid reputation for technology and innovation in the gaming industry . Weike is dedicated to becoming Asia ’ s premier casino gaming supplier and is committed to serve the needs of its clients across the region .
Associate Member Profile Jones Walker joneswalker . com
Since its inception in 1937 , Jones Walker has pursued intelligent , client-driven growth . As one of the largest law firms in the United States , they serve local , regional , national and international business interests in a wide range of markets and industries .
Associate Member Profile J . P . Morgan Chase jpmorgan . com / commercial-banking
AGEM November 2024 Recap
• AGEM CEO Daron Dorsey opened the November member ’ s meeting talking about the recent U . S . elections at federal and state levels . With former President Trump winning the 2024 election and Republican control of both houses of Congress for the next two years , certain trade policies referenced during the campaign such as tariffs , changes to import / export practices and potential tax policy changes are likely to affect global gaming suppliers if enacted . At present , it remains to be seen whether significant gaming expansion opportunities in iGaming or other forms will be successful in 2025 .
• Korbi Carrison , event vice president for RX , gave AGEM members a recap of the recent G2E event . While the post-show surveys for exhibitors and attendees have closed and the next stage will see verified visitor numbers being published , early estimates are that these figures track at or slightly above 2023 figures . While full details of key segments will also be available soon , Carrison shared that the 2024 event saw almost 17 percent more key buyers ( who form the Platinum Club ) attend the expo and international visitors numbered 23 to 24 percent , with increased European visitors from the U . K . and Malta , increases from Mexico , Taiwan and Korea , and visitor growth from 17 different states within the U . S .
• James Kilsby of Vixio Regulatory Intelligence provided an update to members on the latest developments in Brazil . Regarding online gaming , there are 113 companies that applied for licenses prior to the deadline for submissions in August with a proposed “ go live ” date of January 1 , 2025 . A recent lawsuit , however , seeks to suspend the December 2023 law that authorized iGaming and sports betting . This litigation and any pending legislation may see significant news on the legal front and potentially impact launch plans of online gaming .
• Mexico is another Latin American region that continues to be of interest to AGEM members . Alfredo Lazcano , from the Lazcano Samano S . C . law firm based in Mexico , discussed the ongoing legal challenges and election changes that are affecting the gaming landscape in Mexico . As a result , there has been little progress in the last three months following a recent presidential election .
• AGEM partnered with Global Gaming Women ( GGW ) at the beginning of November to host a half-day training program for women at the director level and below at AGEM member companies . The event consisted of two 90-minute classes which were designed to boost communication skills . The sessions were welcomed by attendees who deemed them fun , insightful , and highly experiential . AGEM is hoping to hold more of these types of event for members in 2025 .
Forthcoming Events
• The AGEM McMonigle Cup golf tournament will be played on December 11 at Bear ’ s Best Golf Course in Las Vegas . Members with any needs for the events can contact AGEM ’ s director of membership & events , Allison McCoy , as the point of contact for any questions .
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J . P . Morgan is a leader in investment banking , commercial banking , financial transaction processing and asset management . The company serves millions of customers , predominantly in the U . S ., and also many of the world ’ s most prominent corporate , institutional and government clients globally .
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 34.39 points to 1,518.20 in October , a 2.2 percent decrease from the prior month . Compared to one year ago , the index rose 50.1 percent , or 505.85 points . During the latest month , seven of the 12 AGEM Index companies reported stock price decreases , which resulted in seven negative contributions and five positive contributions to the AGEM Index . The largest negative contributor to the monthly index was Konami Corp . ( TYO : 9766 ), whose 3.1 percent decrease in stock price led to a 29.86- point loss to the index . Meanwhile , Agilysys ( NASDAQ : AGYS ) saw its stock price decrease by 8.2 percent , leading to a 6.1-point loss for the index . The largest positive contribution to the index was sourced to Light & Wonder Inc . ( NASDAQ : LNW ), whose 3.4 percent increase in stock price resulted in a 7.45-point gain to the AGEM Index . In October , two of the three major U . S . stock indices increased from the prior period . The NASDAQ rose by 2.3 percent over the month , while the S & P 500 rose by 0.9 percent . At the same time , the Dow Jones Industrial Average decreased by 0.2 percent from the prior month .
DECEMBER 2024 www . ggbmagazine . com 13