Key Board of Directors Actions

  • Melissa Ashley, the new senior VP of Reed Expo, made a short introductory presentation to the members updating on the G2E Asia and G2E 2017 shows. She shared that this year’s G2E Asia, set for May 16-18 in Macau, will see 180 exhibitors (50 are new), which is a 20 percent increase from last year. They expect 12,000 visitors from 90 countries and regions and the exhibition space now exceeds 11,000 square meters. G2E Las Vegas already has 85 percent of the floor space sold with 21 new companies contracted, which is ahead of this time last year.
  • AGEM helped coordinate with the American Gaming Association (AGA), National Indian Gaming Association (NIGA) and the National Council on Problem Gambling (NCPG) on submitting a letter to the U.S. Congress to try to ensure that any Affordable Care Act replacement continues to recognize gambling disorders as a public health issue and it is included as an essential benefit.
  • AGEM continues to work with Mexico’s regulatory body, SEGOB, on the potential for updated machine certification requirements, to keep illegal machines out of the market in the region.
  • The Japan Gaming Congress takes place May 10-11 in Tokyo. AGEM will be taking an active role in putting together a supplier panel at the event as Japan moves forward toward a new era of legalized gaming. In addition, AGEM members voted to approve a sponsorship to support the Congress and ensure that AGEM has a strong presence in this important new market.
  • At the March monthly meeting, AGEM welcomed German-based SAP as an associate member, bringing the membership total to an all-time high of 159.

UPCOMING EVENTS

• The NIGA show will be held in San Diego April 12-13. Pre-registration is strong this year, and looks promising for a successful event. The show will be moving to Las Vegas in 2018, and will no longer be scheduled for Phoenix.

AGEM BOARD OF DIRECTORS REPORT (TK)

The AGEM Index reached another record high in February, continuing the momentum from previous months. The composite index stood at 351.4 points at the close of February 2017, which represents an increase of 21.3 points, or 6.5 percent, when compared to January 2017. The AGEM Index reported a year-over-year increase for the 17th consecutive month, rising 155.4 points, or 78.4 percent, when compared to February 2016. During the latest period, eight of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with two up by more than 10 percent. Five manufacturers reported decreases in stock price during the month with one experiencing double-digit losses.

Author: GGB Staff

Staff writers for Global Gaming Business magazine, Las Vegas, Nevada.