AGEMupdate
AGEM Member Profiles
Silver Member Profile
Company : Crane Payment Innovations ( CPI ) Web Address : www . meigroup . com
Crane Payment Innovations ( CPI ) produces products for the global gaming market , including automated gaming and cash handling machines for AWP , VLT , betting halls , amusement and casino slot machines and redemption kiosks .
Bronze Member Profile
Company : Acres Manufacturing Company Web Address : www . acresmanufacturing . com
Acres Manufacturing ’ s latest innovation , Foundation Casino Management System , reports any SAS meter change in real time , revealing what really influences spend and loyalty decisions and giving casinos ownership and control over this data , allowing it to be interfaced to anything the casino wants .
Associate Member Profile
Company : Advantech-Innocore Web Address : www . innocoregaming . com
AGEM Board of Directors Actions for January 2022
• The first AGEM monthly board meeting of the new year kicked off with the election of AGEM officers , after a slate was presented to members at the December meeting . President David Lucchese embarks on his second year of a two-year term and therefore was not part of the vote . The following officers were approved to serve for a one-year term : Vice President Luke Orchard , IGT ; Vice President Bob Parente , Scientific Games ; Vice President Elaine Hodgson , Incredible Technologies ; Vice President Ryan Comstock , Ainsworth ; Secretary Tom Jingoli , Konami ; Treasurer Hector Fernandez , Aristocrat . Lucchese also made a special mention and paid thanks to longstanding officer Eric Fisher , Crane Payment Innovations ( CPI ), who stepped down from his officer position .
• In December , AGEM Executive Director Marcus Prater and the organization ’ s regulatory general counsel Dan Reaser presented a petition to the Nevada Gaming Commission to allow for gaming technology in the cloud . After the meeting , Gaming Control Board Chair Brin Gibson and Technology Division Chief Jim Barbee requested a review of specific wording in the petition before it is rolled out for public comment . Once complete , the petition will be published and commence a public comment period . As there were no red flags raised , it is hoped the whole process will be completed and approved in the next couple of months .
• AGEM ’ s Mexico Committee has seen some changes recently . Carlos Carrión of Aristocrat has been heading up the committee but recently moved back to Las Vegas , and the organization feels it is important to have a representative on the ground based in Mexico . As a result , AGEM is pleased to announce that Eduardo Alvarez of AGS has agreed to head up the seven-member committee . AGEM would also like to take this opportunity to thank Carlos Carrión for all his good work in the region over the years .
• AGEM Director of Responsible Gaming Connie Jones has worked very closely with the Nevada Council on Problem Gaming for many years , and was recently elected as secretary treasurer at the council ’ s annual meeting . The meeting agenda also included election of officers , and saw Jennifer Shatley re-elected as president and Tony Cabot re-elected as vice president . The meeting covered responsible gaming initiatives , community awareness / education and budgeting . AGEM is a major supporter of this very important organization and will continue to promote and provide support which is especially needed as we transition out of the pandemic .
• AGEM welcomed a new Associate member at the January meeting , taking the total number of members worldwide to 172 . Lewis Roca is a full-service law firm based in Las Vegas . The company provides a wide range of services for a sizeable list of gaming clients and is one of the largest law firms in Nevada , plus locations in nine other Western U . S . states .
Forthcoming Events
• The National Indian Gaming Association ’ s ( NIGA ) Indian Gaming Tradeshow & Convention will take place April 19-22 in Anaheim , California . Historically , AGEM has supported this event as a Platinum Sponsor . Members approved a sponsorship request of $ 25,000 to continue to support the forthcoming show .
AGEMindex
Dedicated to gaming since 1998 , Advantech-Innocore offers the broadest range of PC-compatible products for casinos , AWPs and arcades , and continues to develop new products to suit the unique hardware requirements of the evolving gaming industry worldwide .
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 .
In December 2021 , the AGEM Index improved by 11.39 points to 971.59 , marking a 1.2 percent increase from the prior month . Compared to one year ago , the index increased by 284.47 points for an annual growth rate of 41.4 percent . In the latest period , seven of the AGEM Index companies reported stock price increases . This ultimately led to eight companies posting positive contributions and four companies recording negative contributions to the overall index . The top contributor to the monthly index was International Game Technology PLC ( NYSE : IGT ), whose 7 percent increase in stock price led to a 7.98-point gain for the index . Scientific Games Corporation ( Nasdaq : SGMS ) was also a significant contributor to the overall growth in the index , adding 5.65 points as a result of its 4.6 percent rise in stock price . The largest negative contributor to the index was Konami Corporation ( TYO : 9766 ), whose 5 percent drop in stock price led to an 8.48-point decrease in the AGEM Index . All three major U . S . stock indices increased over the month , with the Dow Jones Industrial Average and the S & P 500 experiencing increases of 5.4 percent and 4.4 percent , respectively . Meanwhile , the NASDAQ experienced a 0.8 percent increase .
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