AGEM Board of Directors Actions

August 2019

  • AGEM has been a major supporter of the Dr. Robert Hunter International Problem Gambling Center (PGC) for many years, and recently approved this year’s contribution of $50,000, which will be matched by GLI through the AGEM-GLI Lasting Impact Philanthropic Initiative. PGC Executive Director Stephanie Goodman gave a brief in-person presentation to AGEM members outlining the important work the PGC provides. New to the role, Goodman shared that the program is free of charge to those in need, but they know they need to help more, so the PGC is embarking on a significant outreach initiative to get those who need treatment into the program. This will take the form of educating people through their website, social media channels, radio and visits to the community.
  • Connie Jones, AGEM director of responsible gaming, recently took part in the National Council on Problem Gambling’s 33rd Conference on Gambling Addiction & Responsible Gambling held in Denver, Colorado. AGEM is a top tier sponsor of this event, which is one of the largest of its kind, seeing over 500 attendees gather from 42 states and 14 countries to educate, innovate and engage. The 150-plus speakers and 70-plus sessions showcased the importance of education and collaboration in an effort to minimize problem gambling.
  • AGEM has engaged Apple and its App Review Team regarding the guideline changes that direct all new gaming apps must be native to iOS with existing ones updated by September 3. The time frame to achieve these changes has significant ramifications for AGEM members that specialize in these products, and there is concern regarding the conflict they may cause with existing laws and regulations. AGEM has been communicating with the Division of Gaming Enforcement (DGE) in New Jersey to assist in highlighting to Apple the potential legal and regulatory implications of the guideline change.
  • AGEM board members met recently with Nevada Gaming Control Board Chairwoman Sandra Morgan, and Chief of the Technology Division Jim Barbee, to discuss how to improve the lab situation, highlighting a variety of issues and time lines experienced by suppliers. AGEM submitted member concerns that are being discussed within the GCB, but in the meantime, suppliers are to be encouraged to bring more stakeholders to meetings and to highlight issues direct with Chief Barbee.
  • AGEM welcomed four new Associate Members in August: iPro Inc., a mobile and online gaming technology and platform company based in Nevada; Reed Exhibitions, a leading global events business and organizer of G2E; Shenzhen TMD Technology Company based in China, a manufacturer of touch screen monitors for gaming applications; and Sports Betting Community (SBC), a news media company based in London, promoting the sports betting industry. This takes the membership to 172 companies from 22 countries.

 

UPCOMING EVENTS

  • Once again, AGEM has pledged $30,000 to sponsor the invitation-only Chairman’s Reception, which will be held during G2E on Tuesday, October 15 at the Palazzo’s Prestige Club. As in previous years, the American Gaming Association’s Gaming Hall of Fame induction will be held concurrently.

AGEM INDEX

The AGEM Index decreased in July 2019 by 10.38 points to 494.96 points, a 2.1 percent drop from June 2019. The AGEM Index’s July 2019 decline was driven by an 8.1 percent decrease in the stock price of Konami Holdings (TYO: 9766), which declined from ¥5,050 to ¥4,640. The stock was responsible for 8.26 points of the AGEM Index’s monthly drop. Aristocrat Leisure Limited (ALL:AX) experienced a 0.2 percent stock price drop from AU$30.72 to AU$30.65, which led to a contribution of negative 5.85 points. Overall, most AGEM Index companies reported increases in stock price during the month, with eight trending positively and five moving negatively. The major stock indices also performed well, as the Dow Jones Industrial Average and the S&P 500 experienced monthly gains of 1.0 percent and 1.3 percent, respectively, while the NASDAQ grew by 2.1 percent.