KEY BOARD OF DIRECTORS ACTIONS
- The 27th Executive Development Program (EDP) took place in November in Lake Tahoe. AGEM supports this annual event, which was set up to encourage future leaders of the global gaming industry to think strategically about emerging industry issues. EDP creates lifelong connections and enables participants to gain valuable insights into an ever-changing industry. AGEM Director of Responsible Gaming Connie Jones was honored to represent AGEM as both a speaker and a judge for the final team presentations.
- In a surprise announcement, A.G. Burnett, chairman of the Nevada Gaming Control Board, stepped down from his role, and his last day was December 22. Governor Brian Sandoval will appoint his replacement shortly. AGEM has enjoyed a very good working relationship with Burnett and the GCB during his five-year tenure and looks forward to this continuing with the new chairman.
- AGEM members approved a €5,000 sponsorship of the 12th European Conference on Gambling Studies and Policy Issues being held September 11-14, 2018 in Malta. AGEM has previously supported this event, which takes place every other year and is well attended by global experts, and is a great learning forum.
- AGEM hit a new milestone in December, welcoming five new members, taking the total membership to an all-time high of 162. Betson Enterprises, suppliers of products and services for family entertainment centers, based in New Jersey, are Silver members, with the other four companies approved as Associate members: Dominode, based in Boca Raton, Florida, provides verified digital identities that can be shared securely across multiple devices; JP Morgan Chase, based in New York City, is a leader in investment banking, asset management and financial services for small to medium-sized businesses; Kiron Interactive, based in Johannesburg, South Africa, is a virtual games supplier delivering industry-leading content; and Visualplanet, based in Cambridge, U.K., designs and manufactures touch-sensor technology for gaming, vending, ticketing and many other applications.
- The ICE Totally Gaming Show will be held in London February 6-8. AGEM will once again have a booth to welcome potential new members as well as existing ones.
- The International Casino Conference (ICC), February 5-8, will be held at the Hippodrome Casino in London, and this year includes ICE VOX 2018. AGEM supports this event through its association with the European Casino Association. Director of Responsible Gaming Connie Jones will be attending responsible gaming sessions and meetings that provide a global perspective on new research and regulations.
The AGEM Index experienced significant gains for the third month in a row during November 2017. The composite index closed the month at 492.64 points, a gain of 17.3 points or 3.64 percent, when compared to October 2017. The AGEM Index reported a year-over-year increase for the 26th consecutive month and has climbed 184.5 points, or 59.88 percent, since November 2016. During the latest period, seven of the 12 global gaming equipment manufacturers reported month-to-month increases in stock price. Five manufacturers reported decreases in stock price during the month, with one posting a
double-digit declines. The three broader stock market indexes produced exceptional results in October. The S&P 500 reported a month-to-month increase of 2.81 percent to 2,647.58. The Dow Jones Industrial Average increased 3.83 percent to 24,272.35, while the NASDAQ increased 2.17 percent during the period to 6,873.97.