AGEM Membership News Winners - Rick Arpin and Doug Kulikowski
MEMBER ACTIVITIES Te annual AGEM McMonigle Cup Golf Tournament was held on Tursday, December 11, at the Arroyo Golf Club in Las Vegas. Te two-person team competition attracted strong participation from AGEM member companies, resulting in a full field of players. AGEM Associate Member KPMG secured the 2025 championship title, led by the outstanding performance of Rick Arpin and Doug Kulikowski. Te event once again demonstrated its popularity among members and provided an enjoyable and successful day for all attendees.
AGEM INDEX The AGEM Index fell by 75.93 points to 1,831.68 in December 2025, a 4.0 per cent decrease from the prior month. Compared to one year ago, the index rose 17.1 per cent, or 266.86 points. During the latest month, seven of the 10 AGEM Index companies reported stock price decreases, which pulled the overall index value down despite positive contributions by three companies. The largest negative contributor to the monthly index was Konami, whose 10.5 per cent decrease in stock price led to a 64.20-point loss. Meanwhile, Crane NXT, saw its stock price decrease by 16.4 per cent, leading to a 14.12-point decrease. The largest positive contributor was Light & Wonder, whose 3.0 per cent increase in stock price resulted in an 8.01-point gain to the AGEM Index.
Closest to the Pin on Hole 7 - Brandon Griffith, AGS
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries 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 organisation. 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.
AGEM DECEMBER 2025 MONTHLY UPDATE 1 Te AGEM monthly meeting covered several key topics, including the recent change in federal legislation regarding tax policy and gaming winnings withholding thresholds from $1,200 to $2,000. Draft guidance and new IRS forms were issued by the Treasury Department in late December 2025 and following that, AGEM released an industry notice that picked up in the gaming trade press to highlight the ongoing policy and process changes that might be required for that change in federal policy while many state and local regulations remain unchanged. Future adjustments are expected in the coming years on this issue, so AGEM will continue monitoring this item for its members.
2 Following the AGEM December 2025 meeting which saw Nevada Gaming Control Board (NGCB) Chair Mike Dreitzer and newly appointed Chief of the Technology Division, Jeremy Eberwein, discuss proposed changes in Nevada's gaming regulatory environment as well as significant overhauls to gaming technology approval processes, a subsequent workshop was held on December 16. At that time, plans were outlined for improving approval and certification timelines as well as encouraging an open-door policy for industry feedback. AGEM supports these ongoing initiatives and intends to continue dialogue with NGCB to discuss further improvements and modernisation efforts with the aim to keep Nevada competitive with other U.S. jurisdictions for product deployment and innovation.
3 AGEM members received a presentation by Kasra Ghaharian, Director of
Research at the International Gaming Institute at UNLV, regarding Te AI Industry Survey, led by in partnership with KPMG. Tis important survey aims to benchmark AI adoption, opportunities, challenges, and governance across the global gambling sector. It includes a short 15-minute survey, and participating companies will receive a private report comparing their AI maturity to industry averages, with AGEM members also getting a collective summary. All responses are confidential, ethically approved, and reported in aggregate, with data collection expected to finish by March and results shared by June. AGEM members were encouraged to participate to help define AI’s role in gaming and gain valuable insights.
FORTHCOMING EVENTS 1 Te American Heart Association's Las Vegas Go Red for Women Luncheon will be held on February 20, 2026, at the Canyon Gate Country Club (Las Vegas, NV). AGEM is once again a proud sponsor of the worthwhile event, and there are some tickets available for those that are interested. Please contact Allison McCoy for more details.
2 JP Morgan will be hosting a 2026 Global Market M&A and Corporate Finance Outlook on February 25, 2026. Tis midday event is by invitation only for AGEM members and is aimed to be informative and targeted. If you would like more information about this event, please contact Allison McCoy.
3 Te February AGEM meeting will take place via Zoom on February 10, 2026 at 8:00 am PT.
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