MEMBERS NEWS AGEM KEY BOARD OF DIRECTORS ACTIONS:
l AGEM is working with the American Gaming Association proposing alternatives to the Internal Revenue Service plan (in the US) to lower the threshold for reporting slot winnings from $1,200 to $600. The proposed plan to use electronic player tracking to report winnings would harm the player experience and drive up costs for the casinos by creating burdensome paperwork. The AGA has suggested in a formal letter that the adoption of the electronic player tracking process for federal tax information should be optional for casinos, and voluntary for players.
l Following the sad news of Jens Halle’s passing, the AGEM members approved a $1,500 Donation To St. Jude Children’s Research Hospital In his memory. This was in accordance to the Halle family’s wishes.
l Julian Graves and Kate Chambers of Clarion Events (organisers of ICE Totally Gaming) addressed AGEM members at the June Board Meeting to outline a new corporate structure. Julian Graves announced he will be taking on the role of Chairman, whilst Kate Chambers has been promoted to take over the full running of ICE and will head up all Gaming related events.
l Connie Jones, AGEM Director Of Responsible Gaming attended the IAGA (International Association of Gaming Advisors) Summit in Vancouver, BC, representing AGEM, who were Bronze sponsors of the event. The Summit brings together gaming operators, suppliers, attorneys, investors, bankers, regulators and other advisors from all global gaming sectors. In addition to facilitating two sessions herself, Connie reported a very successful event, attending a selection of informative sessions with a roster of outstanding speakers at the conference.
EVENTS AND ACTIVITIES
l AGEM exhibited at the recent G2E Asia show in Macau and member reported a good show overall. Reed, the show organiser released preliminary figures that show, total visitors of 10,095, a 22% increase over 2014; total VIP attendees of 668, an increase of 88% over 2014 and visitors attending from 79 countries.
AGEM INDEX
After reporting a month-to-month gain of 10.39 points in April 2015, the AGEM Index declined in May 2015. The composite index dipped to 196.98 in the latest period, which represents a decline of 3.70 points (-1.8 per cent) from the prior period and the second month-to-month decline this year. Compared to a year ago, the AGEM Index is up 18.05 points (+10.1 per cent).
The index previously reported year-over-year gains for three consecutive months. In May, eight of the 13 global gaming equipment suppliers reported monthly gains in stock price, with four up by more than 10 percent. These gains were offset by declines reported by five suppliers, two of which were down by more than 10 per cent. The broader stock markets reported gains in May 2015 compared to April 2015. The Dow Jones Industrial Average closed the month at 18,010.68, an increase of 1.0 per cent.
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organisations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
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AGEM MEMBERSHIP NEWS MEMBER PROFILE
Company– Alfastreet Gaming/Pockaj d.o.o. Web address–
www.alfastreet.si AGEM Membership level– Bronze Company Description – Alfastreet is among the world's leading companies in the creation of exceptional, high profile, multi-player electronic gaming instruments. Alfastreet multi-player series of products include Royal Derby horse-racing machine, automated electronic roulettes, Alfastreet live roulette and automated electronic dice in various models and configurations. Alfastreet products are synonymous with the highest level of quality, technologically advanced, carefully designed, superbly crafted and built gaming instruments. Flexibility of services, inventiveness and a customer orientation approach ensures both maximum customer and player profitability and maintains the brand's leading market position. What new products, technologies or services will you introduce this year – This year's most important new product is the Royal Derby, mechanical horse- racing machine, which is currently unique in the industry. The complete range of electronic roulettes has been renewed, from the R4, through R5 and R6, including the majestic R8, the company's flagship (the numbers related to the quantity of gaming positions). Another major novelty is the WIKY single terminal, featuring the industry's largest 32ins. touchscreen monitor.
Forthcoming events/exhibitions you will be attending – l Entertainment Arena Expo Romania – September 2015
l G2E Las Vegas – September 2015
l Balkan Entertainment & Gaming Expo, Sofia, Bulgaria – November 2015
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