Key Board of Directors Actions

  • Following a review of eligible outside groups who could undertake the proposed AGEM Gaming Census project, AGEM’s working group and board members have selected Eilers & Krejick Gaming. This group has good knowledge of the market and a proven track record, having already conducted leading surveys. A motion for funding was approved by the members and the project will now commence.
  • Mexico’s AIEJA, APJSAC and SEGOB associations recently announced they will be hosting the 1st National Convention on the Gaming Industry, to be held Mexico City October 17-18. AGEM has been asked to participate and will be working with SEGOB to provide the supplier’s perspective to proposed attendees—made up of operators, government officials, regulators and the media.
  • The AGEM September board meeting included a special item, which saw members agree to provide a Disaster Relief Fund up to $25,000 in support of the unprecedented recent natural disasters taking place in the U.S. and Caribbean Islands. The voting officers will determine the most suitable charity or organization to receive funds.
  • AGEM members recently approved an annual membership contribution of $10,000 to continue supporting the Nevada Council on Problem Gambling. This nonprofit organization’s mission is to generate awareness, promote education and advocate for quality treatment and support resources for problem gambling in Nevada.
  • In support of AGEM’s educational initiatives, members approved to contribute $10,000 to the Global Gaming Women Education Fund. The funding will provide a number of educational scholarships for industry women looking to advance their careers or emerging leaders pursuing a career in gaming.
  • AGEM will once again be supporting NIGA with a series of events at the 2018 show, to be held in Las Vegas April 19-20. A motion for funding was approved by members, which will be allocated to events on both days. This is a one-off location for NIGA before it relocates to its new home of San Diego from 2019 onward.

UPCOMING EVENTS

  • AGEM will be present at the forthcoming G2E Las Vegas October 3-5. A major highlight in the show program will be the presentation ceremony of the AGEM Memorial Awards honoring Jens Halle and Peter Mead on Wednesday, October 4 at 4 p.m. on the AGEM Booth 3700 (just inside the main hall entrance).
  • Global Gaming Women’s “Kick Up Your Heels” G2E Reception is being held on October 4, at the Cosmopolitan. AGEM is a Silver Sponsor of this fast-growing, prestigious event, with members recently approving to increase the contribution to $15,000.

AGEM INDEX

The AGEM Index experienced a slight increase on mixed stock performance in August 2017. The composite index stood at 431.66 points at the close of the month, which represents an increase of 7.74 points, or 1.82 percent, when compared to July 2017. The AGEM Index reported a year-over-year increase for the 23rd consecutive month and has climbed 145.26 points, or 50.7 percent, since August 2016. During the latest period, eight of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with three up by more than 10 percent. Five manufacturers reported decreases in stock price during the month, with all posting single-digit declines.

Author: GGB Staff

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