AGEM August 2025 Recap

• Daron Dorsey, AGEM’s president and CEO, provided updates to members on several legislative and regulatory matters concerning upcoming regulation drafting workshops in Nevada related to recent legislative changes. He also discussed the upcoming review of the US-Mexico-Canada Agreement trade framework and AGEM’s participation in the Coalition for North America Trade, and an ongoing lack of clarity on when additional IRS/U.S. Treasury rules may be drafted based on recent changes to IRS withholding thresholds in the Big Beautiful Bill recently signed into law. Lastly, while there may be progress toward a legislative fix to address the skill/unregulated gaming situation in Pennsylvania, there is no specific timeline for resolution currently, and AGEM will continue monitoring the situation for its members.

• With less than two months to go before G2E, Event Vice President Korbi Carrison provided AGEM members at the August meeting with some important updates. Registration opened in June and is tracking ahead of this time last year, with strong attendance from key buyers and international markets, particularly Canada. Carrison reminded members about the customer invitation program and the upcoming change in pricing for codes used after September 14, emphasizing the importance to exhibitors of marketing the individual discount codes and early registration. This year will be G2E’s 25th anniversary, and to mark the event there will be new initiatives, including a championship for U.S. dealers, a “game developer network plus” badge category, and special programming for first-time attendees. Lastly, a meeting dedicated to supporting AGEM members exhibiting at G2E is being organized for September 3 or 4 with an email to be sent out shortly. All those interested in attending will be provided with the meeting details.

• AGEM is in the process of setting up a new Europe Committee, which will be made up of some of the organization’s key European members. The committee is not an additional financial commitment for members, but rather a strategic initiative to better address European market issues and concerns pertinent to our members’ shared interests within the region. The committee will meet virtually two or three times a year, or as required, with the first meeting to be scheduled in late October after G2E. Tracy Cohen, director of Europe, and Daron Dorsey are planning short catchups with potential members at G2E to start compiling agenda items for the first meeting.

• AGEM has been selected by the East Coast Gaming Congress (ECGC) as the recipient of its prestigious Lifetime Achievement Award, the first awarded to an organization and not an individual. ECGC has long been a cornerstone of dialogue and advancement for the industry, and AGEM is deeply honored to be recognized with this award.

Forthcoming Events

• AGEM will be hosting a webinar titled “Can Responsible Gaming Keep up with the Changing Landscape of Gambling?” on September 10 at 9 a.m. Pacific Time. Travis Stainert Ph.D, ICRG research director, and Ian Thomas, chairman of the IMGL RG Committee, will be on the panel along with AGEM Director of Responsible Gaming Connie Jones to answer questions on this important subject. Any members interested in attending should contact Allison McCoy ([email protected]) to obtain the link.

• G2E 2025 is fast approaching, taking place October 7-9 at The Venetian Expo, Las Vegas. The AGEM booth is No. 5639, close to the G2E Networking Lounge. To obtain your complimentary Expo Hall Pass, contact [email protected] before September 14 to receive your discount code. We look forward to welcoming members and friends back to this premier industry event.

AGEM Index

The AGEM Index fell by 13.52 points to 1,889.77 in July 2025, a 0.7 percent decline from the prior month. Compared to one year ago, the index rose 32.8 percent, or 466.28 points. During the latest month, seven of the 10 AGEM Index companies reported stock price increases, which resulted in seven positive contributions and three negative contributions to the AGEM Index. The largest positive contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 7.5 percent increase in stock price led to a 48.4-point gain to the index. Meanwhile, Crane NXT, Co (NYSE: CXT) saw its stock price increase by 10.1 percent, leading to a 10-point increase for the index. The largest negative contributor to the index was Konami Corp. (TYO: 9766), whose 10.1 percent decrease in stock price resulted in a 67.58-point loss to the AGEM Index. Two previously announced acquisitions of AGEM Index companies were completed over the past month. Brightstar Capital Partners completed its $1.1 billion acquisition of PlayAGS, Inc., which went private and was delisted from the New York Stock Exchange (NYSE). In the other transaction, an affiliate of private equity giant Apollo Global Management acquired the gaming and digital units of International Game Technology PLC and Everi Holdings Inc. for a combined $6.3 billion. The newly split IGT company and Everi went private and were delisted from the NYSE. IGT’s lottery business was not involved in the transaction and remained on the NYSE under the new name of Brightstar Lottery (NYSE:BRSL). In July, two of the three major U.S. stock indices increased from the prior month. The NASDAQ rose by 2.2 percent over the month, while the S&P 500 experienced a 0.6 percent increase. Meanwhile, the Dow Jones Industrial Average fell by 2 percent from the prior period.