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AGEM July 2018

Board of Directors Actions

AGEM July 2018

  • Korbi Carrison, event director for Global Gaming Expo, gave an in-person presentation at the AGEM July meeting, providing an update to the forthcoming G2E show as well as sharing information about G2E Asia 2019. Registration opened for G2E on June 6 and is trending well. The show takes place October 9-11. Exhibitor bookings have increased mainly due to the changes in legislation, with more sports betting companies wanting to exhibit. There is a new and improved conference program with keynotes, 228 speakers and 82 sessions already confirmed. The program also will include a new Sports Betting Symposium and Innovation Incubator geared to start-up companies and students.
  • Due to demand and a need to expand the show, G2E Asia 2019 will take place on two levels at the Sands Expo, Venetian Macao. Land-based gaming companies will be on the first level, while online, lotteries and game developers will be on the upper levels. Both exhibitor halls will be roughly equal in size. Space bookings are currently taking place, with more details available in the coming months.
  • AGEM recently contributed to the Driving Arkansas Forward initiative that was triggered after the state attorney general approved proposals for consideration on the November ballot regarding changes to state gaming law. There was a requirement to collect 85,000 signatures by July 6 to endorse the proposal that would potentially allow two new casinos to be granted licenses and two existing racinos to allow Class III slots. AGEM’s contribution of $10,000 helped the momentum, with a total of 96,000 names collected.
  • Susan Wright, manager of policy and regulation for New South Wales, Australia, recently visited Las Vegas on a fact-finding mission to gain an understanding of how skill-based gaming products are placed and how the industry worked with regulators to implement this. NSW is looking to set up a “regulatory sandpit” to test new skill-based innovations, and AGEM is delighted to work with them to share best practices and experience.
  • As part of AGEM’s support of responsible gaming initiatives, members approved an annual contribution of $50,000 to the Problem Gambling Center based in Las Vegas. This support is vitally important for this worthy organization as it receives limited funding from the state, and will go a long way to assist problem gamblers.
  • AGEM welcomed one new Bronze member in July. Atlas Gaming, based in Melbourne, Australia, is a manufacturer and provider of slots and gaming products, and holds licenses in Australia, Peru and South Africa. This brings the current AGEM membership to 167 companies from 22 countries.


FORTHCOMING EVENTS

  • The American Gaming Association’s Responsible Gaming Education Week takes place August 6-10. Elizabeth Cronan, AGA senior director of gaming policy, reports that they are working on an updated tool kit and plan to host two events.
  • AGEM is a sponsor of the 12th European Conference on Gambling Studies and Policy Issues, being held September 11-14 at the Grand Hotel Excelsior, Valletta, Malta. Connie Jones, AGEM’s director of responsible gaming, will be attending.

AGEM INDEX

The AGEM Index declined slightly in June 2018. The composite index finished the month at 546.37 points, a decline of 7.69 points or 1.39 percent, compared to May 2018. The AGEM Index reported a year-over-year increase for the 33rd consecutive month and has climbed 124.41 points, or 29.49 percent, since June 2017. During the latest period, five of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Eight manufacturers reported decreases in stock price during the month. The major stock market indices outperformed the AGEM Index during the month. The S&P 500 reported a month-to-month increase of 0.48 percent to 2,718.37. The Dow Jones Industrial Average decreased 0.59 percent to 24,271.41, while the NASDAQ increased 0.92 percent during the period to 7,510.30.