- The AGEM Board of Directors approved a proposal from respected Las Vegas firm Applied Analysis to conduct a complete economic impact study of the global supplier sector. AGEM last released an economic impact study in 2014 from 2013 data, in conjunction with the American Gaming Association’s “State of the States” report. This update will analyze the impact of all of the consolidation in the supplier sector over the past three years, and will be released as a stand-alone report by the end of April. The report will also include a subset focused on the impact of the supplier sector on Nevada’s overall economy.
- AGEM has been approached by the Las Vegas Metro Chamber of Commerce about collaborating on issues that may be raised during the current Nevada legislative session, and possibly federal issues in Washington as well. The discussed plan involves the chamber hosting representatives from the gaming technology sector to identify common goals and discuss ways to collaborate in an organized fashion going forward.
- AGEM Mexico Committee Chairman Carlos Carrion of Aristocrat recently had a one-on-one meeting with Luis Felipe Cangas, the head of Mexico’s regulatory body, SEGOB, that has led to discussions about a larger meeting with the entire supplier group in Mexico City and the potential for updated machine certification requirements that AGEM has been seeking for years.
- AGEM continues to give back to the industry with the following contributions to the following events: G2E Asia President’s Reception, May 16-18, Macau, $25,000; International Association of Gaming Advisors (IAGA) International Gaming Summit, May 30-June 1, New York City, Sponsorship, $5,000; Western Indian Gaming Conference Sponsorship, Morongo Casino, February 7-9, $5,000; Go Red For Woman Lunch Sponsorship, Aria Las Vegas, March 2, $5,000; Midwest Conference on Problem Gambling and Substance Abuse Sponsorship, June 21-23, Kansas City, $5,000; Annual GamCare U.K. Contribution, £5,000.
- Nevada Legislative Reception, April 5, Carson City
- Indian Gaming Tradeshow & Convention (NIGA), April 10-13, San Diego
The AGEM Index began 2017 on a positive note, continuing the momentum from 2016. The composite index stood at 330.14 points at the close of the first month of 2017, which represents an increase of 8.87 points, or 2.8 percent, when compared to December 2016. The AGEM Index reported a year-over-year increase for the 16th consecutive month, rising 141.7 points, or 75.2 percent, when compared to January 2016. During the latest period, seven of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with two up by more than 10 percent. Six manufacturers reported decreases in stock price during the month with one experiencing double-digit losses. The broader stock markets continued to gain value in early 2017. The S&P 500 reported a month-to-month increase of 1.8 percent, rising to 2,278.87. Additionally, the Dow Jones Industrial Average increased 0.5 percent to 19,864.09, while the NASDAQ increased 4.3 percent during the period to 5,614.79.