AGEM December 2018

Board of Directors Actions

  • AGEM finally achieved resolution regarding the additional “assume responsibility” wording within Regulation 14 recently after holding a series of meetings with Nevada Gaming Control Board (GCB) Chairwoman Becky Harris. Having put forward the case that slot machine companies have always “assumed responsibility” for their products and what’s inside their machines, Chairwoman Harris is not advocating for any new or additional regulatory wording on the matter.
  • Continuing the good working relationship AGEM has with the GCB, Chairwoman Harris has offered the opportunity to potentially overhaul Gaming Device Technical Standards. AGEM’s Compliance Committee is currently reviewing a range of discussion points and will revert back to Harris at the beginning of January. The main purpose of this review is to provide updated technical standards that are not a deterrent to innovation.
  • AGEM has once again commissioned a Gaming Census compiled by Eilers & Krejcik Gaming that covers market-share slot data in a variety of categories and also includes updates on live and electronic table games and casino management systems. Now in its second year, the Gaming Census aims to have more industry participation by increasing the sample size from 370,000 North American units to 410,000. Work has begun and should be completed by the end of February.
  • AGEM Director of Responsible Gaming Connie Jones was recently asked to be a judge for the final day presentations at the Executive Development Program. This prestigious event held at Lake Tahoe brings together gaming professionals from all over the globe to learn, grow and network with the next generation of industry leaders. This year, more than half of the 55 delegates were international, with a particularly strong turnout from Macau. For their final challenge, the delegates were split into teams and had to present a formal response to an RFP for an integrated resort in Greece. Standards were extremely high and the whole group was commended for their innovation and enthusiasm.
  • AGEM members recently approved sponsorship for two forthcoming events. The Western Indian Gaming Conference & Trade Show, held at Harrah’s Southern California February 4-7, will see AGEM as bronze sponsors with a $5,000 contribution; and the East Coast Gaming Congress, taking place June 12-13 in Atlantic City, will receive $6,000 in support.
  • The AGEM Cup Golf Tournament & Holiday Reception recently took place at Bali Hai Golf Club in Las Vegas. The event went well, with beautiful weather and strong participation. The Scientific Games team of Tony Lewin and Jim Bates won the AGEM Cup on its 10th anniversary.

 

Forthcoming Events

  • ICE 2019 takes place at ExCeL London February 5-7. AGEM will have a booth located in the North Hall, and looks forward to welcoming friends and members as well as meeting proposed new members.
  • AGEM will once again be sponsor of the International Casino Conference (ICC) held alongside ICE Vox on Monday, February 4. This forms part of AGEM’s annual $15,000 support to the European Casino Association, which sees the contribution split between the ICC and European Dealer Championship to be held in Tallinn, Estonia from April 29 to May 1, 2019.

 

AGEM INDEX

The AGEM Index decreased 7.92 points to 444.24 points in November 2018, a 1.8 percent decline from October 2018. The decline was due in large part to a 11.7 percent decrease in the stock price for Aristocrat Leisure Limited (ASX: ALL). The stock was responsible for 15.26 points of the AGEM Index’s monthly decline. International Game Technology, Plc. (IGT) experienced a 7.2 percent drop in stock price, which contributed negative 3.89 points to the AGEM Index. Overall, five AGEM Index companies reported month-over-month increases in stock price performance while eight reported declines.