AGEMupdate
AGEM Member Profiles
Bronze Member Profile Jumbo Technology Co . Ltd .
jumbogames . com . tw
Founded in 2000 , Jumbo Technology is the largest gaming machine manufacturer and exporter in Taiwan . Winner of eight Taiwan Excellence Awards , Jumbo delivers outstanding products for international markets .
Associate Member Profile Fennemore Craig • fclaw . com
Fennemore is a full-service Am Law 200 business law firm that embraces change and drives innovation . With a strong market presence and a commitment to delivering unparalleled services to clients , the firm has been the No . 1 fastest-growing law firm in the U . S . for two consecutive years .
Associate Member Profile Fox Rothschild LP • foxrothschild . com
With bold growth , Fox Rothschild brings together 1,000 attorneys coast to coast . They offer the reach and resources of a national law firm combined with the personal touch and connections of a boutique firm .
AGEM February 2024 Recap
• AGEM continues its work with Nevada Gaming Control Board and its initiative to modernize the regulation of gaming technology in Nevada . AGEM is currently reviewing response drafts from NGCB staff and will work with the AGEM Compliance Committee for feedback and supplier sector response . In another key U . S . gaming jurisdiction , Pennsylvania , AGEM remains in ongoing dialogue with the Pennsylvania Gaming Control Board regarding industry concerns about recurring issues there . With the possibility of a larger effort surrounding gaming during the current legislative session there , AGEM has engaged a government affairs firm to monitor developments , advise the association and advocate for supplier sector issues on any issues of concern .
• The final ICE London show lived up to all the hype of being a record-breaking show . Official figures have not yet been released , but all indications are that visitor numbers exceeded expectations , topping the 40,000-plus visitors of the 2023 event . With the close of the show , Clarion will now focus on the relocation to Barcelona which will take place January 20-22 , 2025 .
• The AGEM Happy Hour event during ICE London took place on Sunday , February 4 , at the Savage Garden Rooftop Bar of the Doubletree by Hilton Hotel London near Tower Bridge . The social and network gathering provided a great opportunity for members and friends of AGEM to meet up before the hectic show schedule started . Being held for just a couple of hours late in the afternoon , it allowed attendees to pop in for a drink and light bite before going on to other industry events being held all over the city . This was the first event of this type AGEM has hosted outside of Las Vegas , and due to its success , more of these informal gatherings in and around the U . S . and internationally will follow .
• AGEM Executive Director Daron Dorsey , Director of Responsible Gaming Connie Jones , and Director of Europe Tracy Cohen met with representatives for both GAMCARE , the leading charity for problem gambling in the U . K ., and YGAM , which focuses on informing , educating and safeguarding young people against problem gambling and social gaming , during their time at ICE . AGEM is a supporter for both organizations and was able to catch up on recent activities and future objectives as both charities depend on funding from the industry as well as the government . In the coming months , YGAM will be taking part in discussions with AGEM ’ s Responsible Gaming Committee as well as presenting to the wider AGEM membership .
• AGEM was proud to again support the American Heart Association ’ s Go Red For Women event on February 29 at the Four Seasons Las Vegas , as well as the EKG Slot Awards on February 29 at the Cosmopolitan of Las Vegas . AGEM is a longtime supporter of both events , attending and participating in both alongside its members .
Forthcoming Events
• The 2024 Indian Gaming Tradeshow and Convention takes place April 8-11 at the Anaheim Convention Center in Anaheim , California . This is the largest gathering of tribal leaders and casino executives in the United States . Clarion ’ s lead show director , Brian Sullivan , updated AGEM members on plans for the forthcoming show , and reported that pre-registration for both the show and conference program is currently tracking ahead of this time last year . AGEM is a proud sponsor of the event , with funding going towards tribal education and scholarship initiatives .
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 49.28 points to 1,168.10 in January 2024 , a 4.4 percent increase from the prior month . Compared to one year ago , the index was up 215.67 points , or 22.6 percent . During the latest month , six of the 12 AGEM Index companies reported stock price increases , which resulted in six positive contributions and six negative contributions to the AGEM Index . The largest positive contributor to the monthly index was Konami Corp . ( TYO : 9766 ), whose 23.6 percent increase in stock price led to a 37.27-point gain for the index . Meanwhile , Aristocrat Leisure Limited ( ASX : ALL ) saw its stock price increase by 9 percent , leading to a 22.52-point gain for the index . The largest negative contribution to the index was sourced to International Game Technology PLC ( NYSE : IGT ), whose 5.3 percent decrease in stock price resulted in a 6.53-point loss to the AGEM Index . All three major U . S . stock indices increased in January 2024 , which marked the third consecutive month of growth across the board . The S & P 500 rose by 1.7 percent over the month , while the Dow Jones Industrial Average grew by 1.2 percent . The NASDAQ increased by 1 percent from the prior month .
MARCH 2024 www . ggbmagazine . com 13