AGEM MEMBERSHIP NEWS MEMBER PROFILE Company / Patir Casino Seating
Web address /
www.patirseating.com AGEM Membership level / Bronze
Description / Patir has been developing and manufacturing chairs for the world of gaming for almost 30 years and has
supplied operators and slot machine manufacturers all over the world with state-of-the-art gaming chairs. Patir’s product portfolio includes chairs for slots, table games, poker, sportsbook and hospitality areas. We aim to ensure
that our high-performing seating solutions not only protect the health and vitality of people who remain seated for
prolonged periods, but also to do all we can to make sitting on a Patir chair a pure pleasure. Comfort has a direct influence on the length of playtime and therefore on the casino’s revenue.
Our know-how and experience in development and production guarantee quality and innovation. We always
have one objective in mind in everything that we do: To offer our customers the best possible solution for their seating
requirements. We are a global, family-run company with our headquarters located in Munich, Germany and our US office located in Las Vegas, Nevada. Our products are not only
developed in-house, but also completely manufactured in our own production facilities. Te commitment of our
employees is the basis of our excellent seating solutions. What new products and services will you introduce this
year? Patir now manufactures transparent dividers for your slots, table games and all other gaming areas. We use non- breakable polycarbonate to ensure highest quality and
safety for your casino floor. A unique feature of our shields is the possibility to adjust them horizontally to adapt them to any kind of table or slot machine. Te shield edges can be upgraded with a PVC trim for additional protection.
AGEM INDEX
The AGEM Index increased by 26.84 points in May 2020 to 402.89 points, a 7.1 per cent gain from April 2020. Ten of the 13 AGEM Index companies reported stock price increases as global markets continued to rebound from the COVID-19 pandemic. The stock price for Konami Corp. (TYO: 9766) increased by 11.2 per cent, accounting for a 7.95-point improvement in the AGEM Index, while Scientific Games Corporation (SGMS) experienced a 24.7 per cent stock price jump that led to an index contribution of 5.87 points. All three major US stock indices increased as the Dow Jones Industrial Average and the S&P 500 grew by 4.3 per cent and 4.5 per cent, respectively.
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.
P62 NEWSWIRE / INTERACTIVE / MARKET DATA
MEMBERSHIP NEWS
AGEM Key Board of Directors Actions l Greg Lee, Chairman and CEO of Eureka Casinos, the resort hotel company he built with his parents, Ted and Doris, recently announced the creation of the Lee School Prize for Innovation and Entrepreneurship, a joint collaboration with the Lee Business School at UNLV. With a total pledge of US$1m, the initiative sees multiple prizes being awarded to speed entrepreneurs in the development of innovations necessary to rapidly address the urgent problems facing the hospitality, entertainment, or travel industries resulting from Covid-19. Prize winners will use the awards to develop and bring their concepts to an investor marketplace made up of leading corporations, private equity firms, and angel investors. To assure a quick outcome, products and solutions must be brought to market within 12 months. Worldwide submissions are open to individuals or companies until July 5th. For more information, visit
www.LeePrize.com.
l Te UNLV International Center for Gaming Regulation’s Executive Director, Joe Bertolone, recently sent out an update detailing the ICGR’s mission to continue to educate regulators even during the pandemic. AGEM has a very good working relationship with the Center, having been heavily involved since its inception. In his update, Bertolone noted that “we're educating the industry about regulatory matters - both technical and operational - with our in-depth, multi-day focus and industry practitioners. All of our educational offerings are now delivered online including Te ICGR Regulator Roundtable meetings and our custom training programs. Tis will allow us to reach a broader audience and allow much more flexibility.”
l Te
www.NevadaWorksTogether.com web site was recently launched to allow gaming employees who have been furloughed or laid off to have access to jobs in other Nevada businesses and industries. Organisers of this worthwhile project are also currently working on potential funding for training courses that individuals may need prior to moving into other sectors. Te service is providing a much-needed resource in Nevada at this difficult time.
l A recent development to the Nevada Gaming Control Board (GCB) has seen Chairwoman Sandra Morgan delegate GCB member Phil Katsaros to oversee the Technology Division and its lab. AGEM Executive Director Marcus Prater and Katsaros had a recent call to cover general industry issues and it’s clear Katsaros’ supplier industry background will serve him well in this new role. In a related note, the Nevada Gaming Commission has a hearing planned June 25 that will address language updates in both Regulation 1 and 14.
l Omron, based in Kyoto, Japan, was voted in as a new AGEM Associate member at the June board meeting. Te company has been a leading manufacturer and provider of advanced electronic components for over 80 years and is committed to new products and solutions to promote safe gaming practices in the gaming industry. Tis takes AGEM’s global membership to 181 companies, an all-time high.
Forthcoming Events l Most events and trade shows around the world have been postponed or cancelled due
to the pandemic; however, the National Conference on Problem Gambling of which AGEM is a major sponsor, has been scheduled as a Digital Symposium to be held July 20-23. Te main in-person conference has been pushed back and is now planned for November 4-6 in Washington, D.C.
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