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AGEM May 2018

Board of Directors Actions

AGEM May 2018

  • AGEM members recently submitted a letter to Nevada Gaming Control Board Chairwoman Becky Harris, outlining revised recommendations on the proposed updated language of Regulation 14 (a follow-up to the legislative passage of the AGEM-endorsed Assembly Bill 75). This follows Harris pausing the process due to AGEM’s concerns over the initial content. A public comment period will soon be announced for feedback and further consultation before a final review.
  • In line with AGEM’s mission to support educational initiatives, funding was recently approved for two gaming-related scholarship programs. The American Indian College Fund AGEM Scholarship Program and the UNLV Lee Business School AGEM Scholarship Program will each receive $10,000 that will support four students to a value of $2,500 each.
  • At the AGEM April meeting, members approved support for a new event, the Brazil Legislators’ Day, which was held in Brasilia on April 26 following the Brazilian Gaming Congress. As talk of a gaming bill continues to be on the agenda (although unlikely anything will move forward in 2018), this gaming education networking event with legislators proved to be a good event with lots of positive discussion. AGEM was represented by AGEM Mexico Committee Chairman Carlos Carrion of Aristocrat, who participated in a panel with Chairwoman Becky Harris and Ohio state senator and the incoming president of the National Council of Legislators from Gaming States (NCLGS), Bill Coley.
  • AGEM welcomed the United States Playing Card Company as Associate Member in May. The company’s flagship Bee cards were introduced in 1892. The company is based in Kentucky, producing and distributing premier playing cards and dealing shoes to the casino industry. This brings the total number of AGEM members to 166 companies.

FORTHCOMING EVENTS

  • AGEM is a sponsor of the upcoming East Coast Gaming Congress, a prestigious gathering of industry officials from all fields, in Atlantic City June 13-14.
  • AGEM is a sponsor of the upcoming Canadian Gaming Summit, the Canadian Gaming Association’s signature event, in Niagara Falls, Ontario June 18-20.

 


The AGEM Index reversed a two-month downward trend to close April 2018 with positive growth. The composite index finished the month at 531.33 points, a gain of 26.18 points or 5.18 percent, when compared to March 2018. The AGEM Index reported a year-over-year increase for the 31st consecutive month and has climbed 159.83 points, or 43.02 percent, since April 2017. During the latest period, six of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Seven manufacturers reported decreases in stock price during the month.