AGEM MEMBERSHIP NEWS MEMBER PROFILE Company / Incredible Technologies
Web address /
www.itcasinogames.com AGEM Membership level / Bronze
Description / Incredible Technologies specialises in the development of hardware and software for the casino
gaming and on-premise amusement industries. Located in the Chicago, IL, with a secondary location in Las Vegas, NV, the company has over 250 employees.
MEMBERSHIP NEWS
AGEM October 2023 Recap l Te Nevada Gaming Control Board’s ongoing initiative to modernise the regulation of gaming technology in Nevada continues. After AGEM’s framework and comments were presented at the September 27 NGCB workshop hearing, AGEM was asked by NGCB Chair Hendrick to work with his staff and a small working group on policy statements to implement agreed upon revisions to the existing Nevada processes. AGEM hopes to keep the discussions moving forward so that approval processes for gaming technology in Nevada will become more efficient and better aligned with other commercially minded jurisdictions.
l Alfredo Lazcano, a Mexico-based attorney and AGEM Associate Member, gave a general overview and update on the ongoing reform decree proceedings in Mexico. Te reform decree was formally published in November and impacts the existing regulatory framework surrounding gaming in the country, despite significant opposition. Without legal relief or further action to change course, the reform decree may prevent openings of any new or approved but unopened licenced gaming establishments in Mexico and potentially impact suppliers’ operations in Mexico. With an ongoing deadline to raise administrative challenges, many suppliers in the country are evaluating their options and taking actions to protect their respective interests. AGEM and its Mexico working group appreciate the availability of Alfredo Lazcano and Carlos Portilla to keep interested member representatives aware of recent events so that companies can best decide their course of action in this market.
MEMBER PROFILE Company / Cadrex
Web address /
www.cadrex.com AGEM Membership level / Associate
Description / Cadrexis located in Bloomingdale and Glendale Heights, Illinois, offers sheet metal
fabrication, assembly, blanking, engineering technical support, machining, and finishing for the gaming &
kiosk, medical, industrial, telecom, and transportation markets.
MEMBER PROFILE
Company / Entropy Cabinet Solutions Web address /
www.ecsentropy.com AGEM Membership level / Associate
Description / Entropy Cabinet Solutions Co, with
facilities in Taipei and Illinois, is an established leader in contract manufacturing services. Managing all aspects of product development through an
experienced and knowledgeable team of experts in product design, prototyping and manufacturing.
AGEM INDEX
The AGEM Index increased by 77.65 points to 1,089.00 in November, a 7.7 per cent increase from the prior month. Compared to one year ago, the index was up 183.05 points, or 20.2 per cent. During the latest month, seven of the 12 AGEM Index companies reported stock price increases, which resulted in seven positive contributions and five negative contributions to the AGEM Index. The largest positive contribution to the monthly index was sourced to Aristocrat Leisure, whose 5.4 percent increase in stock price led to a 39.01- point gain for the index. Meanwhile, Light & Wonder saw its stock price increase by 20.9 percent, leading to a 38.09-point gain for the index.
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.
P22 WIRE / PULSE / INSIGHT / REPORTS
l Stuart Hunter, Managing Director of Clarion Events, gave an update to members regarding the ICE 2025 event in the new location of Barcelona. He shared that Clarion had been busy with the initial planning stages of the new show, holding two orientation events in November and December for Advisory Board Members which included presentations from Clarion, the venue and the city of Barcelona, as well as full operational tours of the space and introductions to FIRA suppliers. Stuart Hunter also noted that Clarion has taken the opportunity to re-evaluate the London plan to assist the attendee journey and make the show easier to navigate, including a virtual fly-through tour for exhibitors along with another orientation event offered to the wider exhibitor base after the February ICE show concludes.
l AGEM recently held the AGEM / McMonigle Cup Golf Tournament on December 5, 2023 at Bear’s Best Golf Course in Las Vegas, NV. Te two-person team event saw a full house of 40 players from 20 AGEM member companies participate, with the IGT team of Ken Bossingham and Dan Farnon winning the 2023 AGEM McMonigle Cup. Everyone had a great day and once again this event proved very popular with the members.
Forthcoming Events l Te National Conference of Legislators from Gaming States (NCLGS) Winter 2024 Meeting is
taking place from January 3-6, 2024, at the Hilton Marina, Fort Lauderdale, FL. AGEM’s Executive Director, Daron Dorsey will be on several panels during the event, which will hopefully give the opportunity to provide the suppliers’ perspective to some of the narrative.
l AGEM is delighted to host an informal Happy Hour drinks and light bites event for members during ICE 2024 in London. Taking place on Sunday, February 4 from 4:30-6:30pm at a stunning rooftop location, members should have received an invitation already. However, if you have not, please contact AGEM’s Director of Membership & Events at
Allison.McCoy@
AGEM.org who will gladly forward the details. We hope those of you available and in London can stop by!
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