AGEMupdate
AGEM Member Profiles
Bronze Member Profile Wells-Gardner Technologies wellsgardner . com
Wells-Gardner ( a subsidiary of HT Precision Technologies Inc .) is a global developer of high-value advanced integrated displays for the gaming and amusement industries . The company offers a wide range of services for demanding electronics products such as gaming machines , professional audio-visual systems , and industrial and LCD monitors .
Associate Member Profile KEY-BAK — West Coast Corporation wcc-mfg . com
From humble beginnings , developing the original KEY-BAK selfretracting key reel , West Coast Corporation creates and markets unique , durable security and retractable products for business , safety , public security , loss prevention and outdoor recreation , for both work and play .
Associate Member Profile Kiron Interactive kironinteractive . com
AGEM December 2024 Recap
• Following the recent elections in the U . S . and the change of administrations , AGEM CEO Daron Dorsey kicked off the December meeting speaking to members about the potential for significant crossborder issues that are likely to affect suppliers based in the U . S . and abroad . AGEM Associate Member KPMG recently prepared a policy paper on the topic that will be circulated to members . AGEM is also evaluating options for a thought leadership forum in late February or March focused on this and similar issues to facilitate communications and knowledge among the AGEM membership .
• Stuart Hunter , managing director of Clarion Gaming , gave a presentation to AGEM members in the runup to the ICE 2025 show being held for the first time in Barcelona January 20-22 , 2025 . Hunter noted that this year ’ s event is sold out , making it approximately 20 percent larger than the 2024 London show , and will see 750 brands exhibiting ( with up to 1,000 including the Affiliate event ). Clarion is targeting a visitor audience of 55,000 , but pre-registration is tracking at 20,000 to date , meaning the current trajectory could take visitor numbers over 60,000 . The UK . remains the largest single registration origin followed by Spain , Malta , U . S ., Cyprus , Germany and Armenia , with emerging markets in LatAm , the United Arab Emirates and India also representing substantial growth . With the date change to January and the show running Monday to Wednesday , Clarion is encouraging visitors to arrive on the weekend to enjoy the cultural experience of Barcelona before they visit the show on Monday morning .
• AGEM has been monitoring events in Brazil closely , and the recent news that the Senate has postponed a vote on long-delayed legislation that would allow land-based casinos in Brazil was disappointing but not entirely unexpected . At current , that postponement has not affected the planned regulated online gambling launch on January 1 , 2025 despite ongoing challenges and court proceedings .
Forthcoming Events
• Prior to ICE , AGEM will be hosting a Happy Hour reception taking place on Saturday , January 18 from 4 p . m . to 7 p . m . for members and friends . The event is at the beautiful Azimuth Rooftop Bar in the Almanac Hotel , which is located right in the center of Barcelona and is easy to get to and find . If you are interested in attending or require more information , contact tracy . cohen @ agem . org .
• At the ICE show , AGEM will not have a dedicated stand this year but will instead be located in the Associations Assembly in Hall 3 ( next to the IGT stand ) alongside other key industry associations . Members and friends are encouraged to drop by .
AGEMindex
Kiron Interactive is a global technology and software company that specializes in market-leading virtual sports and numbers games . Established in 2001 , Kiron is widely recognized for ongoing innovation and industry excellence , delivering state-ofthe-art products and robust betting solutions to premier online and retail gaming operators , casinos and lotteries in regulated markets around the world .
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 126.17 points to 1,644.36 in November 2024 , an 8.3 percent increase from the prior month . Compared to one year ago , the index rose 51 percent , or 555.36 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 10.1 percent increase in stock price led to a 60.87-point gain to the index . Meanwhile , Agilysys ( NASDAQ : AGYS ) saw its stock price increase by 34.3 percent , leading to a 31.06-point gain for the index . The largest negative contribution to the index was sourced to International Game Technology PLC ( NYSE : IGT ), whose 5.4 percent decrease in stock price resulted in a 5.03-point loss to the AGEM Index . The AGEM Index ’ s monthly growth was among the highest recorded . Since the inception of the index in 2005 , November ’ s 126.17-point gain ranked third highest for any month . The month continued what has been a year of high performance for the index . Through the first 11 months of the year , four months have ranked among the 10 largest monthly growth periods in index history , including the second-best monthly growth in May . The only month with a larger gain was November 2020 , when the index increased by 136.41 points . In November , all three major U . S . stock indices increased from the prior period . The Dow Jones Industrial Average rose by 6.7 percent over the month , while the NASDAQ rose by 5.1 percent . Meanwhile , the S & P 500 increased by 4.8 percent from the prior month .
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