AGEMupdate
AGEM Member Profiles
Silver Member Profile SUZOHAPP Group suzohapp . com
SUZOHAPP is a world leader in the manufacturing and distribution of gaming , amusement and sports betting products . Serving operators and OEMs for over 60 years , SUZOHAPP carries a vast portfolio of components available for immediate distribution and for developing custom-built solutions .
Bronze Member Profile Cammegh Limited cammegh . com
Cammegh , a family-run business established in 1989 , manufactures and develops roulette wheels and roulette technology , along with gaming signage , and has built up an enviable reputation for innovation , quality and impeccable customer service with a worldwide customer base .
Associate Member Profile Asimex Global asimexglobal . com
Asimex Global is a Mexican company providing international trade and logistics solutions between the American markets and the rest of the world , with operations in the main ports , borders and airports of the country , as well as in the United States , Central America and South America .
AGEM August 2022 Meeting Recap
• Over the past few months , AGEM ’ s Compliance , Responsible Gaming , Mexico and Government Affairs Committees have been meeting to update and discuss some of the key working initiatives . The Compliance Committee met recently , and the consensus among the group was to focus on trying to work more closely with the Pennsylvania Gaming Control Board , with a goal of making the gaming lab approval time for land-based and online innovations and products shorter and easier from an administrative standpoint . The Responsible Gaming Committee shared its responsible gaming concerns , including problem gambling risks associated with payment systems , potential regulations surrounding social games and a discussion on potentially establishing an advisory committee that would add more weight to industry initiatives . Finally , the Government Affairs Committee is reviewing and finalizing political contribution and donation strategy for Nevada . AGEM also plans to sponsor a cocktail reception at the National Black Caucus of State Legislators conference being held in Las Vegas November 28 to December 2 .
• Executive Director Daron Dorsey will be meeting in the coming weeks with Nevada GCB Technology Division Chief Jim Barbee and GCB Member Britnee Watkins , the board member now tasked with oversight responsibility for the Technology Division . These communications follow AGEM ’ s goal of providing an ongoing dialogue with regulatory stakeholders on current issues affecting the supplier sector and AGEM ’ s desire to arrange for annual or twice-yearly interface between regulatory stakeholders and AGEM members , whether at monthly meetings or via the Compliance Committee .
• The Clarion / ECA Symposium took place in London recently at Les Ambassadeurs Casino . AGEM ’ s Director of Europe Tracy Cohen was in attendance along with a group of around 35 attendees , consisting of decision-makers representing both casino operators and suppliers . The format of the day followed a dynamic agenda consisting of an “ open space ” allowing participants to personally set their own talking points with a focus on paving the way for the industry ’ s success and to secure post-pandemic growth . The event provided a day full of high-level discussions , inspirational exchange and fruitful networking .
Forthcoming Events
• The AGEM Board of Directors / Voting Member Meeting was slated for August 31 . This was the second meeting of FY23 with the more formal meeting format to conform with AGEM ’ s corporate governance requirements as a nonprofit corporation . At press time , the executive director and officers were finalizing the agenda to be sent out to attendees prior to the meeting . Items for discussion include an update of AGEM ’ s financial performance and overall operations , along with a discussion of the organization ’ s proposed charitable , philanthropic and advocacy initiatives .
• The first stand-alone AGEM Holiday Reception will take place on November 17 , 2022 , at Panevino Ristorante in Las Vegas . Historically , this event immediately followed conclusion of the AGEM / Mc- Monigle Cup golf tournament , but it was decided to hold a midweek “ after work ” event where people could meet and socialize in an informal atmosphere at a convenient venue . If this new format is successful , it could be adopted for similar events every quarter or twice yearly to provide a collaborative environment for networking among members outside of trade shows .
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 rose by 51.54 points in July 2022 to 862.93 , rebounding 6.4 percent from the previous month . Compared to one year ago , the index was down 62.39 points , or 6.7 percent . During the latest month , 10 of the 12 AGEM Index companies reported stock price increases , which resulted in 10 positive contributions to the AGEM Index and two negative contributions . The largest positive contributor to the monthly index was Crane Co . ( NYSE : CR ), which reported a 13.76-point gain to the index as a result of a 13 percent increase in its stock price . Aristocrat Leisure Limited ( ASX : ALL ) contributed an 11.6-point gain to the index due to a 2.7 percent increase in its stock price . The largest negative contribution to the index was sourced to PlayAGS Inc . ( NYSE : AGS ), whose 8.1 percent decline in stock price equated to a 0.27-point loss for the AGEM Index . All three major U . S . stock indices saw month-over-month increases in July 2022 after slipping across the board in the prior period . The NASDAQ rose by 12.3 percent from June , while the S & P 500 rose by 9.1 percent . Meanwhile , the Dow Jones Industrial Average grew 6.7 percent over the month .
SEPTEMBER 2022 www . ggbmagazine . com 15