AGEM Board of Directors Actions – February 2020
- Following a series of press reports in the U.S. at the end of 2019 focused on the spread of unregulated gaming machines in multiple states, AGEM has initiated a fact sheet in conjunction with the American Gaming Association to distinguish regulated gaming from unregulated. This document will serve as a tool to address the spread of unregulated machines and their negative consequences. The initiative kicked off on February 18 with a press release titled “AGEM and AGA Announce Campaign to Combat Unregulated Machines in the U.S.” The message has the support of more than 20 of the industry’s most highly respected associations that will be working together to ultimately educate and inform legislators, law enforcement and policymakers in multiple states.
- Marcus Prater, AGEM executive director, recently met with the International Center for Gaming Regulation’s new executive director, Joe Bertolone, at the University of Nevada, Las Vegas to discuss how to build on the positive relationship between the two organizations. The ICGR, which launched in 2016 as the world’s first academic center dedicated to research and education in gaming, guides the world’s gaming policymakers and regulators as they make decisions that govern the industry. Following the meeting, AGEM officers and member companies are preparing a wish list of key objectives that will focus on domestic regulatory reform.
- AGEM members approved once again to support the Nevada State College AGEM Scholarship Program Renewal with a contribution of $10,000. This funding will go toward supporting a visual media program that will connect the curriculum to gaming. Part of the sponsorship will be applied to the Truckee Meadows Community College in Reno, where there is good potential for employment to both students and graduates as there are numerous gaming suppliers based there. This complements the AGEM-initiated Assembly Bill 221 that lowered the employment age of gaming supplier employees from 21 to 18 in Nevada.
- Connie Jones, AGEM director of responsible gaming, and Tracy Cohen, AGEM director of Europe, attended the first Ampersand Associations Assembly & Lunch held February 5 at ICE London. Clarion Events hosted this event in response to feedback from various stakeholders and to take advantage of the leadership of many industry associations from around the world, all visiting ICE. The event served as an opportunity to introduce more than 30 associations from around the world to one another and provided a good start to continue conversations. It was clear that many of the challenges are similar and a lot of best practice and advice can be shared.
- AGEM welcomed a new Bronze member in February, taking the membership to an all-time high of 178. Empire Technological Group based in Las Vegas and founded in 2012 is known for its engineering capacity to innovate table game technology directly on the casino floor. ETG has expanded its marketable products with a portfolio of relevant and compelling live table games and slots that can refresh the casino floor.
- The 22nd Annual AGEM-AGA Golf Classic presented by JCM Global will take place May 5 at Cascata golf course outside of Las Vegas. Benefiting the International Center for Responsible Gaming’s research, this elite industry event has raised more than $2.2 million since it started. There are still golf entries open and more information is available at golf.jcmglobal.com.
The AGEM Index decreased by 5.54 points in January 2020 to 540.5 points, a 1 percent decline from December 2019. The drop was driven by stock price declines for 10 of the 13 AGEM Index companies. The overall decline in the monthly index was offset by strong gains for two companies. The stock price for Aristocrat Leisure Limited (ASX: ALL) climbed 7.5 percent, accounting for a 6.22-point contribution to the AGEM Index, while Agilysys (AGYS) experienced a 27.9 percent stock price gain that led to an index contribution of 3.49 points. The major stock indices decreased as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 1 percent and 0.2 percent, respectively. The NASDAQ also experienced a gain of 2 percent.