AGEM Board of Directors Actions – June 2019
- Apple recently announced a guideline change for gaming apps available through its App Store. The mandate directs that all new gaming apps must be native to iOS with existing ones updated by September 3. The time frame to achieve these changes has significant ramifications for AGEM members that specialize in these products such as sports betting and iGaming, in terms of the time it will take for recoding and also possible conflicts with existing regulatory rulings. AGEM is putting together a strategic committee to formalize these concerns and determine what options are available to work directly with Apple on potential relief.
- AGEM members received a thorough update on the organization’s participation in the Japan Gaming Congress in Tokyo and G2E Asia in Macau. Former AGEM President Tom Nieman, serving as “AGEM Ambassador,” worked to identify potential candidates to serve as AGEM director of Japan as the country progresses toward integrated resorts. He also met in Tokyo with the Integrated Resort Promotion Secretariat team that is currently researching technical standards that will impact suppliers that desire to participate in the market.
- The European Casino Association recently set up Diversity and Inclusion for Career Enhancement, DICE Europe, to tackle all aspects of diversity, including on grounds of race and sexual orientation. Given the importance of AGEM in the global gaming industry, Tracy Cohen, AGEM’s director of Europe, has been invited to join a steering board which is made up of high-level representatives of ECA members and partners. The steering board will lead DICE Europe and participate in twice-yearly face-to-face meetings where they will provide strategic leadership on diversity and inclusion and support development of best practices, in addition to organizing events and workshops on relevant topics.
- AGEM was a main sponsor of the recent 17th International Conference on Gambling & Risk Taking, which took place at Caesars Palace, Las Vegas. This prestigious event takes place every third year and is put on by the Universtiy of Nevada, Las Vegas with Dr. Bo Bernhard and Dr. Brett Abarbanel of the university as co-chairs. More than 500 attendees from 34 countries took part tackling the most relevant gambling-related issues facing the industry today. Connie Jones, director of responsible gaming, represented AGEM as chair of a session on social gaming.
- AGEM recently approved sponsorship requests for two forthcoming responsible gaming events. The Nevada Council on Problem Gambling Conference, held June 20-21 in Las Vegas, received a $7,500 contribution. This annual education and outreach event promotes awareness, education and professional networking, and attracts addiction and mental health professionals and interested stakeholder groups. The second event, Responsibility in Gaming and Gambling Europe, takes place October 23-24 in Brussels, Belgium and receives sponsorship of €3,000. This is a new event organized by Global Gambling Guidance Group (G4), whose accreditations exceed any current jurisdictional or regulatory standards in individual countries. holder groups.
The AGEM Index increased in May 2019 by 6.65 points to 483.00 points, a 1.4 percent gain from April 2019. The AGEM Index’s April 2019 growth was driven by an 11.7 percent increase in the stock price of Aristocrat Leisure Limited (ASX: ALL), which rose from AU$ $26.08 to AU$29.12. The stock was responsible for 19.81 points of the AGEM Index’s monthly growth. Konami Corp. (TYO: 9766) experienced a 1.2 percent stock price gain from ¥5,060 to ¥5,120, which led to a contribution of 4.07 points. Overall, most AGEM Index companies reported decreases in stock price during the month, with five trending positively and eight moving negatively. Gaming Partners International Corp. (GPIC) was delisted from the NASDAQ stock exchange in May 2019 due to a take-private acquisition by a strategic buyer.