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AGEM Key Board of Directors Actions

Aug-16

AGEM Key Board of Directors Actions

• Building on American Gaming Association (AGA) President and CEO Geoff Freeman’s pledge to AGEM members last month to improve communications between the two organizations, AGA VP of Industry Services Andy Ortale provided an update at the August AGEM board meeting. With the AGA taking a more active role in the G2E shows, Ortale vowed to work more closely with show organizer and co-owner Reed Expositions to bring greater benefits to the exhibitors (suppliers), addressing areas that are important to them.

• AGEM presented a document at a full-day public meeting that was held in Florida on July 26 regarding regulatory changes and future product introductions. AGEM’s input focused on skill-based gaming and variable payback on machines, similar to the regulations introduced for SB9 in Nevada.

• Nevada Gaming Control Board Chairman A.G. Burnett attended the August meeting along with

colleagues Jim Barbee, Technology Division chief; Kelly Colvin, Audit Division chief; and Mike Somps from the Nevada Attorney General’s Office. Chairman Burnett made a short presentation to members highlighting that regulators want to work with manufacturers and operators to improve their businesses by reviewing and updating existing regulations. After the board meeting adjourned, a working session

followed to identify and evaluate suggestions for specific changes.

•  AGEM members approved a $50,000 annual contribution to the Problem Gambling Center in

Las Vegas. This important organization provides evaluation, individual and group counseling services to people who have gambling problems, as well as their family and friends who are adversely affected by gambling.

UPCOMING EVENTS

• AGEM approved funding of $15,000 for Global Gaming Women’s “Kick Up Your Heels”

reception being held on September 28 during G2E. Kick Up Your Heels is a fundraiser for the GGW’s Charitable Education Fund, a women’s scholarship program intended to help women in the industry enhance their skills and further their careers through continuing education.

AGEM INDEX

The AGEM Index posted an impressive increase in July 2016 after gaining 4.67 points in June 2016. The composite index stood at 294.68 at the close of the month, which represents an increase of 34.67 points, or 13.3 percent, when compared to June 2016. The AGEM Index reported a year-over-year increase for the ninth consecutive month, rising 92.78 points, or 46 percent, when compared to July 2015. During the latest period, eight of the 14 global gaming equipment manufacturers reported month-to-month increases in stock price, with four up by more than 10 percent. Five manufacturers reported decreases in stock price during the month, while Intralot remained flat. The broader stock markets reported positive results in July 2016 as well. The S&P 500 reported a month-to-month increase of 3.6 percent, rising to 2173.6. Additionally, the Dow Jones Industrial Average increased 2.8 percent to 18,432.24. NASDAQ increased 6.9 percent during the period, rising to 5,162.13.

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