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AGEM February 2024 Recap

AGEM February 2024 Recap

  • AGEM continues its work with Nevada Gaming Control Board and its initiative to modernize the regulation of gaming technology in Nevada. AGEM is currently reviewing response drafts from NGCB staff and will work with the AGEM Compliance Committee for feedback and supplier sector response. In another key U.S. gaming jurisdiction, Pennsylvania, AGEM remains in ongoing dialogue with the Pennsylvania Gaming Control Board regarding industry concerns about recurring issues there. With the possibility of a larger effort surrounding gaming during the current legislative session there, AGEM has engaged a government affairs firm to monitor developments, advise the association and advocate for supplier sector issues on any issues of concern.
  • The final ICE London show lived up to all the hype of being a record-breaking show. Official figures have not yet been released, but all indications are that visitor numbers exceeded expectations, topping the 40,000-plus visitors of the 2023 event. With the close of the show, Clarion will now focus on the relocation to Barcelona which will take place January 20-22, 2025.
  • The AGEM Happy Hour event during ICE London took place on Sunday, February 4, at the Savage Garden Rooftop Bar of the Doubletree by Hilton Hotel London near Tower Bridge. The social and network gathering provided a great opportunity for members and friends of AGEM to meet up before the hectic show schedule started. Being held for just a couple of hours late in the afternoon, it allowed attendees to pop in for a drink and light bite before going on to other industry events being held all over the city. This was the first event of this type AGEM has hosted outside of Las Vegas, and due to its success, more of these informal gatherings in and around the U.S. and internationally will follow.
  • AGEM Executive Director Daron Dorsey, Director of Responsible Gaming Connie Jones, and Director of Europe Tracy Cohen met with representatives for both GAMCARE, the leading charity for problem gambling in the U.K., and YGAM, which focuses on informing, educating and safeguarding young people against problem gambling and social gaming, during their time at ICE. AGEM is a supporter for both organizations and was able to catch up on recent activities and future objectives as both charities depend on funding from the industry as well as the government. In the coming months, YGAM will be taking part in discussions with AGEM’s Responsible Gaming Committee as well as presenting to the wider AGEM membership.
  • AGEM was proud to again support the American Heart Association’s Go Red For Women event on February 29 at the Four Seasons Las Vegas, as well as the EKG Slot Awards on February 29 at the Cosmopolitan of Las Vegas. AGEM is a longtime supporter of both events, attending and participating in both alongside its members.
Forthcoming Events
  • The 2024 Indian Gaming Tradeshow and Convention takes place April 8-11 at the Anaheim Convention Center in Anaheim, California. This is the largest gathering of tribal leaders and casino executives in the United States. Clarion’s lead show director, Brian Sullivan, updated AGEM members on plans for the forthcoming show, and reported that pre-registration for both the show and conference program is currently tracking ahead of this time last year. AGEM is a proud sponsor of the event, with funding going towards tribal education and scholarship initiatives.
AGEM Index January 2024

The AGEM Index increased by 49.28 points to 1,168.10 in January 2024, a 4.4 percent increase from the prior month. Compared to one year ago, the index was up 215.67 points, or 22.6 percent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in six positive contributions and six negative contributions to the AGEM Index.

The largest positive contributor to the monthly index was Konami Corp. (TYO: 9766), whose 23.6 percent increase in stock price led to a 37.27-point gain for the index. Meanwhile, Aristocrat Leisure Limited (ASX: ALL) saw its stock price increase by 9 percent, leading to a 22.52-point gain for the index. The largest negative contribution to the index was sourced to International Game Technology PLC (NYSE: IGT), whose 5.3 percent decrease in stock price resulted in a 6.53-point loss to the AGEM Index. All three major U.S. stock indices increased in January 2024, which marked the third consecutive month of growth across the board. The S&P 500 rose by 1.7 percent over the month, while the Dow Jones Industrial Average grew by 1.2 percent. The NASDAQ increased by 1 percent from the prior month.