GGB Magazine November 2023 | Page 24

AGEMupdate

AGEM Member Profiles

Gold Member Profile Light & Wonder lnw . com
Light & Wonder is a leading crossplatform global games company focused on creating immersive , dynamic casino , online and mobile games . Headquartered in Las Vegas , Nevada , with approximately 6,000 employees , the company has locations on six continents .
Bronze Member Profile Grand Vision Gaming playgvg . com
Grand Vision Gaming , LLC designs and manufactures Class III video gaming machines for licensed operators in legalized gaming jurisdictions within the United States .
Associate Member Profile eConnect Incå econnectglobal . com eConnect
Clear Operational Intelligence
Headquartered in Las Vegas , and with a presence in the United States and Asia , eConnect is a leader in intelligent software solutions that automate processes in the gaming and hospitality industries . Their products integrate with all major gaming , hospitality , and surveillance systems , providing AI , data , and video analytics to improve business efficiency and profitability .
AGEM October 2023 Recap
Due to G2E in Las Vegas there was not a monthly AGEM board gathering for October 2023 . AGEM hopes all its members and their teams had a successful G2E event experience in Las Vegas . The next monthly AGEM meeting will take place via Zoom on November 14 , at 8 a . m . PST .
• AGEM Executive Director Daron Dorsey and its outside counsel , Dan Reaser , attended and presented at the Nevada Gaming Control Board ’ s September 27 workshop on modernizing the regulation of gaming technology in Nevada . AGEM and its Compliance Committee prepared and proposed an updated framework for the Nevada process after numerous meetings with board members and staff . The proposal and surrounding discussions were constructive , with AGEM being asked by NGCB Chairman Kirk Hendrick to participate in the small working group to draft , revise or update Nevada policies and regulations on any changes the board agrees to implement .
• AGEM held a member reception on September 27 at Panevino Ristorante in Las Vegas . The gathering was well-attended by the membership , and AGEM is making further plans for future events , including gatherings outside Las Vegas at industry events .
• AGEM announced the recipients of its 2023 Memorial Awards commemorating Jens Halle and Peter Mead — the late Bob Manz ( Jens Halle Award ) and Victor Rocha ( Peter Mead )— and presented them at G2E .
• Dorsey and AGEM Director of Europe Tracy Cohen met with leadership of the European Casino Association during G2E and agreed to continue growing and expanding the relationship between the organizations .
Forthcoming Events
• The AGEM McMonigle Cup golf tournament will be played on December 5 at Bear ’ s Best Golf Course in Las Vegas . AGEM Director of Membership & Events Allison McCoy is the point of contact for any questions surrounding the event .

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 51.38 points to 1,055.7 in September 2023 , a 4.6 percent decline from the prior month . Compared to one year ago , the index was up 315.92 points , or 42.7 percent . During the latest month , 11 of the 12 AGEM Index companies reported stock price decreases , which resulted in 11 negative contributions and one positive contribution to the AGEM Index . The largest negative contribution to the monthly index was sourced to Konami Corp . ( TYO : 9766 ), whose 6.7 percent decrease in stock price led to a 16.5-point loss for the index . Meanwhile , Light & Wonder Inc . ( Nasdaq : LNW ) saw its stock price fall by 7 percent , leading to a 11.5-point loss for the index . The lone positive contribution to the index was sourced to Ainsworth Game Technology ( ASX : AGI ), whose 5.2 percent increase in stock price resulted in an 0.24-point gain to the AGEM Index . All three major U . S . stock indices declined in September . The NASDAQ declined by 5.8 percent over the month , while the S & P 500 fell by 4.9 percent . Meanwhile , the Dow Jones Industrial Average decreased by 3.5 percent from the prior month .
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