Key Board of Directors Actions

  • Reed Expo Senior Vice President Melissa Ashley; Allie Barth, senior director, industry services, American Gaming Association (AGA); and Todd Sheahan, event director, Reed Expo gave a short presentation at the recent board meeting regarding the forthcoming G2E show. New for this year’s show is the Matchmaking program, which leverages industry expertise by matching visitors to exhibitors based on their registration responses/objectives. Also, new to the show floor is the Innovation Lab and Keynote stage. The two keynote speeches will take place on Thursday, which should grow visitor numbers on the last day of the show. In 2016, the conference program had a more full agenda on the Thursday, which resulted in an 18 percent increase in attendance on that day. It is hoped the new program will build on these numbers.
  • The Nevada Gaming Control Board recently announced it has drafted proposed revisions to the minimum internal control standards (MICS) as a result of amendments to Regulations 5, 5A, 22 and 26C for wagering accounts. AGEM members were notified that comments on the new language will be accepted up to August 18, with a public workshop scheduled for September 20 in Las Vegas.
  • The 20th AGEM-AGA Golf Classic presented by JCM Global will take place on May 1, 2018 at Shadow Creek. To mark this special anniversary and in light of the prestigious stature of Shadow Creek, AGEM members agreed to increase the annual contribution to $60,000 on a one-off basis. The 2017 event hit a new high in raising $155,000, which will provide much-needed funds for the National Center for Responsible Gaming (NCRG).
  • AGEM members were updated with a draft document from the New Jersey Division of Gaming Enforcement (DGE), which is asking the industry for input on updated skill-based gaming regulations. The most significant development is the creation of a category for pure skill games that no longer need to meet the minimum return to player of 83 percent for slot machines. The draft also reaffirms the allowance of adaptive play features in games for New Jersey.
  • Two new Associate members were approved at the August meeting. Automated Systems America, Inc., based in Glendale, California, is a provider of ATMs and cash access services to both retail and gaming customers. ArdentSky, LLC, based in Potomac, Maryland, is a regulatory compliance company that standardizes and streamlines business practices associated with gaming compliance management. This brings the number of members to 151.

AGEM INDEX

The AGEM Index experienced a slight increase on mixed stock performance. The composite index stood at 423.92 points at the close of July 2017, which represents an increase of 1.97 points, or 0.47 percent, when compared to June 2017. The AGEM Index reported a year-over-year increase for the 22nd consecutive month, and has climbed 129.24 points, or 43.9 percent, since July 2016. During the latest period, six of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with two up by more than 10 percent. Seven manufacturers reported decreases in stock price during the month, with two posting double-digit declines.

Author: GGB Staff

Staff writers for Global Gaming Business magazine, Las Vegas, Nevada.