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AGEM Member Profiles
Bronze Member Profile Incredible Technologies itcasinogames . com
Incredible Technologies , Inc . ( IT ) specializes in the design and development of entertainment hardware and software for the casino gaming and on-premise amusement industries . Located near Chicago , Illinois , with a secondary location in Las Vegas , Nevada , the company has over 250 employees .
Associate Member Profile Cadrex cadrex . com
Cadrex , formerly Elite Manufacturing Technology , located in Bloomingdale and Glendale Heights , Illinois , offers sheet metal fabrication , assembly , blanking , engineering technical support , machining and finishing for the gaming & kiosk , medical , industrial , telecom , and transportation markets .
Associate Member Profile Entropy Cabinet Solutions ecsentropy . com
Entropy Cabinet Solutions Co ., with facilities in Taipei and Illinois , is an established leader in contract manufacturing services — managing all aspects of product development through an experienced and knowledgeable team of experts in product design , prototyping and manufacturing .
AGEM December 2023 Recap
• The Nevada Gaming Control Board ’ s ongoing initiative to modernize the regulation of gaming technology in Nevada continues . After AGEM ’ s framework and comments were presented at the September 27 NGCB workshop hearing , AGEM was asked by NGCB Chairman Kirk Hendrick to work with his staff and a small working group on policy statements to implement agreed-upon revisions to the existing Nevada processes . AGEM hopes to keep the discussions moving forward so that approval processes for gaming technology in Nevada will become more efficient and better aligned with other commercially minded jurisdictions .
• Alfredo Lazcano , a Mexico-based attorney and AGEM Associate Member , gave a general overview and update on the ongoing reform decree proceedings in Mexico . The reform decree was formally published in November , and impacts the existing regulatory framework surrounding gaming in the country despite significant opposition . Without legal relief or further action to change course , the reform decree may prevent openings on any new or approved but unopened licensed gaming establishments in Mexico and potentially impact suppliers ’ operations in Mexico .
• Stuart Hunter , managing director of Clarion Events , gave an update to members regarding the ICE 2025 event in the new location of Barcelona . He shared that Clarion had been busy with the initial planning stages of the new show , holding two orientation events in November and December for Advisory Board Members which included presentations from Clarion , the venue and the city of Barcelona , as well as full operational tours of the space and introductions to FIRA suppliers . Hunter also noted that Clarion has taken the opportunity to re-evaluate the London plan to assist the attendee journey and make the show easier to navigate . There will also be several activations on-site at ICE 2024 to offer a hand-over from one city to the next , including an official closing ceremony .
• AGEM held the AGEM / McMonigle Cup Golf Tournament on December 5 at Bear ’ s Best Golf Course in Las Vegas . The two-person team event saw a full house of 40 players from 20 AGEM member companies participate , with the IGT team of Ken Bossingham and Dan Farnon winning the 2023 AGEM McMonigle Cup . Everyone had a great day and once again this event proved very popular with the members .
Forthcoming Events
• The National Conference of Legislators from Gaming States ( NCLGS ) Winter 2024 Meeting is taking place January 3-6 at the Hilton Marina , Fort Lauderdale , Florida . AGEM is a longtime sponsor of this important event , which attracts dozens of state legislators as well as regulators , gaming operators and suppliers , attorneys , lobbyists , media , and other stakeholders to discuss all aspects of regulated gaming .
• AGEM is delighted to host an informal Happy Hour drinks and light bites event for members during ICE 2024 in London . Taking place on Sunday , February 4 from 4:30 to 6:30 p . m . at a stunning rooftop location , members should have received an invitation already . However , if you have not , please contact AGEM ’ s Director of Membership & Events at Allison . McCoy @ AGEM . org for details .
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 77.65 points to 1,089.00 in November 2023 , a 7.7 percent increase from the prior month . Compared to one year ago , the index was up 183.05 points , or 20.2 percent . During the latest month , seven of the 12 AGEM Index companies reported stock price increases , which resulted in seven positive contributions and five negative contributions to the AGEM Index . The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited ( ASX : ALL ), whose 5.4 percent increase in stock price led to a 39.01-point gain for the index . Meanwhile , Light & Wonder Inc . ( Nasdaq : LNW ) saw its stock price increase by 20.9 percent , leading to a 38.09-point gain for the index . The largest negative contribution to the index was sourced to Konami Corp . ( TYO : 9766 ), whose 5.7 percent decrease in stock price resulted in a 5.26-point loss to the AGEM Index . All three major U . S . stock indices increased in November 2023 . The NASDAQ rose by 10.7 percent over the month , while the S & P 500 grew by 8.9 percent . Meanwhile , the Dow Jones Industrial Average increased by 8.8 percent from the prior month .
JANUARY 2024 www . ggbmagazine . com 13