AGEMupdate
AGEM Member Profiles
Bronze Member Profile Patriot Gaming & Electronics patriotgaming . com
Patriot Gaming & Electronics , Inc . is focused on providing the gaming industry with a wide variety of products , alternatives , low-cost solutions and unprecedented service . Patriot Gaming has provided gaming equipment and electronics supplies to casinos and customers across the globe .
Associate Member Profile GAN gan . com
GAN ( GameAccount Network ) is a publicly traded company and global supplier of industry-leading casino content , fast and flexible gaming systems , and turnkey social gaming . The company is a global SaaS provider of internet betting solutions for the casino industry .
Associate Member Profile Ganlot ganlot . com
Ganlot , a Portwell Group company based in Taiwan , provides a range of industrial gaming boards and software solutions specifically designed for gaming and lottery use and delivers design , simulation , production and shipment services to its customers around the globe .
AGEM May 2024 Recap
• AGEM welcomed Stephanie Goodman , executive director of the International Problem Gambling Center at the University of Nevada , Las Vegas , for a short presentation to members . Goodman thanked AGEM for its financial support for the important work carried out at the center , which has seen a 35 percent increase in clientele over the prior financial year . Goodman also highlighted the center ’ s current 44 percent success rate of people maintaining the program teachings after one year , a rate that is significantly higher than the national average , and other initiatives that are proving very successful , including peer support through a telephone helpline to connect callers with someone who understands their problems , and Weekend Solutions to support success plans over weekend periods when less structure and time commitments may tempt those in recovery .
• AGEM Executive Director Daron Dorsey and Director of Responsible Gaming Connie Jones noted Goodman ’ s continued good work in the space , as executive director of the International Problem Gambling Center at the University of Nevada , Las Vegas , and informed the members of AGEM ’ s ongoing commitment to responsible gaming and problem gaming organizations like hers . They also noted AGEM ’ s support of similar responsible gaming organizations focused on education and training , including youth and young adult education . One of those partner organizations , YGAM , is based in the U . K . and making a presentation to AGEM ’ s Responsible Gaming Committee .
• Dorsey shared news at the monthly meeting that could potentially impact members . The Federal Trade Commission recently announced that it is proposing to adopt a comprehensive ban on new noncompetes for all workers , including senior executives . Historically , this included time and geographic limitations that protected companies , and these changes could potentially affect the gaming industry in a unique way . Legal challenges are already under way at the state and federal level about the proposed new rule , so AGEM will continue monitoring developments and share them with the wider membership when they occur .
• Dorsey and President Bob Parente provided a recap on the 25th Annual AGEM-AGA Golf Classic Presented by JCM that was held May 8 at the exclusive Shadow Creek Golf Club in North Las Vegas . With 24 sponsors and 120 players , this year ’ s tournament to benefit the International Center for Responsible Gaming was the most successful in the event ’ s history . This event ’ s support for the ICRG over 25 years is approaching $ 3 million , and goes towards scientific research on critical issues for the gaming industry .
Forthcoming Events
• Gaming Suppliers , Opportunities and Challenges , presented by VIXIO and AGEM , will take place June 12 at UNLV Black Fire Innovation , 8400 West Sunset Road , 4th Floor , Las Vegas . This is an excellent event that features fireside chats and panels covering important industry topics followed by a networking cocktail reception .
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 decreased by 109.86 points to 1,109.06 in April 2024 , a 9 percent decrease from the prior month . Compared to one year ago , the index was up 137.54 points , or 14.2 percent . During the latest month , two of the 12 AGEM Index companies reported stock price increases , which resulted in two positive contributions and 10 negative contributions to the AGEM Index . The largest negative contributor to the monthly index was Aristocrat Leisure Limited ( ASX : ALL ), whose 7.2 percent decrease in stock price led to a 37.06-point loss to the index . Meanwhile , Light & Wonder Inc . ( NASDAQ : LNW ) saw its stock price decrease by 12.6 percent , leading to a 27.73-point loss for the index . The largest positive contributor to the index was Transact Technologies ( NASDAQ : TACT ), whose 2.1 percent increase in stock price resulted in a 0.03-point gain to the AGEM Index . After five consecutive months of growth across the board , all three major U . S . stock indices decreased in April 2024 . The Dow Jones Industrial Average fell by 5 percent over the month , while the NASDAQ fell by 4.4 percent . Additionally , the S & P 500 decreased by 4.2 percent from the prior month .
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