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AGEM Key Board of Directors Actions

November 2016

AGEM Key Board of Directors Actions

• Victor Rocha, conference chair for the National Indian Gaming Association trade show, gave a short presentation at the October meeting. He has been brought in to review the current trade show setup to make it better for suppliers and visitors to the show. The event’s focus will be back on the exhibition floor, and he is working with tribes throughout the U.S. to bring more buyers to the show. He confirmed the show’s new home will be in San Diego from 2017 to 2021, except in 2018 when it will move to Las Vegas for one year. Phoenix will no longer be part of the rotation.

• The AGA’s NextGen Policy and Regulatory Initiative was introduced prior to G2E with its first in-person meeting held at the show. AGEM is participating with this group, which will promote next-generation technology and regulatory reform. AGEM previously contributed funding to launch the University of Nevada, Las Vegas International Center for Gaming Regulation that has a focus to consolidate regulatory reform issues. There is a need for a collective effort between all groups to ensure success, and AGEM will continue to work alongside both groups to uphold this.

• The recent G2E exhibition saw many AGEM members exhibit at the show. The new layout proved popular to everyone, providing a bigger, more visually exciting show. Attendance grew from 2015 by 7 percent, as did exhibitor space by 8,000 square feet. All the signs point to an even better show in 2017, with over 70 percent of the floor already reserved.

• Prior to G2E, AGEM announced the winners of the inaugural Memorial Awards honoring Jens Halle and Peter Mead. The award ceremony took place on the show floor on September 28 with industry veterans Len Ainsworth and Howard Stutz being recognized by a notable crowd, as worthy first winners. The success of this first event has enabled AGEM to build and promote it going forward.

• AGEM welcomed two new members in October, bringing the total to 150 members. Gaming Arts, a bingo and keno technology provider with a large presence in Las Vegas, was voted in as a Bronze member and Taft Stettinius & Hollister, a law firm based in Chicago covering every area of law including gaming, was approved as an associate member.

UPCOMING EVENTS

• Once again, the AGEM Cup Golf Tournament and Holiday Reception will be hosted on Friday, November 18, at Dragon Ridge Country Club, Henderson, Nevada. The tournament will be made up of 10 foursomes in a two-man team competition. A holiday reception will take place after the competition for golfers and non-golfers to attend.

AGEM INDEX

The AGEM Index posted a modest increase in September 2016 after relinquishing 8.29 points in August 2016. The composite index stood at 306.85 points at the close of the month, which represents an increase of 20.46 points, or 7.14 percent, when compared to August 2015. The AGEM Index reported a year-over-year increase for the 12th consecutive month, rising 123.51 points, or 67.4 percent, when compared to September 2015. During the latest period, nine of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with three up by more than 10 percent. Three manufacturers reported decreases in stock price during the month, while Galaxy Gaming reported a flat performance.

Agem November 2016

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