AGEM MEMBERSHIP NEWS MEMBER PROFILE Company / PDS Gaming LLC
Web address /
www.pdsgaming.com AGEM Membership level / Bronze
Description / Founded in 1988, PDS Gaming LLC is an
innovative finance and lease company that specialises in customised financing solutions including equipment leasing, project and corporate financing and
manufacturing vendor financing programmes for the gaming industry.
MEMBER PROFILE
Company / Gary Platt Manufacturing Web address /
www.garyplatt.com AGEM Membership level / Associate
Description / Gary Platt Manufacturing, headquartered in Reno, Nevada, has been in the casino seating
business since 1996 and was founded on the concept that a high quality, comfortable chair would enhance the gaming experience for both casinos and players.
MEMBERSHIP NEWS
AGEM June 2024 Recap l AGEM Director of Responsible Gaming, Connie Jones, shared an overview of a recent presentation to members given by YGAM (Young Gamers & Gamblers Education Trust). AGEM is a supporter of this important charity whose purpose is to inform, educate and safeguard young people against gaming and gambling harms. AGEM and its members also support YGAM’s training programmes for colleagues employed in the gambling industry. More information on these courses and ways to support the charity will be shared with members in the coming months.
l Te Nevada Gaming Control Board recently released policy guideline updates on May 28 and 30, respectively. Te first focused on process changes within the Nevada framework to hopefully speed the process of approvals required in Nevada while the second focused on issuing more expedient approvals for certain modifications to existing products in the Nevada market. AGEM continues to advocate for more additional changes that can quickly be implemented within Nevada’s existing statutory and regulatory framework and believes these process changes are initial steps in the right direction but that much more work can be done to improve the overall Nevada process. AGEM appreciates Chair Hendrick’s stated goals of making substantial changes in Nevada and looks forward to continuing the dialogue with Chair Hendrick and Nevada stakeholders in the months and years ahead.
l Alfredo Lazcano, a Mexico-based attorney with the Lazcano Samano firm, an AGEM Associate Member, gave a general overview and update of the current situation in the country. Following the presidential and congress elections in early June, the current majority ruling party won significant victories in presidential and leadership races to remain in control of the next government. Since the current administration previously enacted a reform decree in late 2023 aimed at prohibiting the opening of any new permitted facilities or venues and that same party will remain in control of the next government when seated in late 2024, the gaming industry in Mexico will continue pursuing legal and regulatory actions to protect their interests in the country. Many amparo legal challenges remain ongoing in various Mexico courts with various decisions affecting individual companies and the recent decision to consolidate appeals into designated courts will hopefully provide some clearer guidance on whether the reform decree will be modified or voided. AGEM will continue to monitor the situation and keep interested member representatives aware of events as they occur while individual companies pursue their legal and regulatory efforts there.
MEMBER PROFILE Company / General Touch
Web address /
www.generaltouch.com AGEM Membership level / Associate
Description / General Touch, with main offices in China, has been offering stable touch products to gaming OEMs worldwide for over ten years and
provides high-quality touch screens that are durable and reliable for its customers in the gaming industry.
AGEM INDEX
The AGEM Index increased by 126.56 points to 1,235.62 in May 2024, an 11.4 per cent increase from the prior month. Compared to one year ago, the index was up 278.64 points, or 29.1 per cent. This month, eight of the 12 AGEM Index companies reported stock price increases, which resulted in eight positive contributions and three negative contributions. The largest positive contributor to the monthly index was Aristocrat Leisure, whose 12.6 per cent increase in stock price led to a 67.53-point gain. Konami Corp. saw its stock price increase by 14.8 percent, leading to a 32.43-point gain and the largest negative contributor to the index was Everi, with 11.5 per cent decrease in stock price.
Forthcoming Events l Te National Council of Legislators from Gaming States (NCLGS) Summer Meeting will take
place July 17-20 at Rivers Casino, Pittsburgh, PA. AGEM looks forward to attending, participating and sponsoring the event.
l Daron Dorsey gave members an overview of the planned Winter Social and Networking Events schedule. On November 20 the Holiday Mixer will take place at Proprietor’s Reserve in Las Vegas, the AGEM McMonigle Cup golf tournament will be played on December 11 at Bear’s Best Golf Course in Las Vegas and there will be an ICE Cocktail Reception held in Barcelona on January 18. Timing and location details will be shared in the coming months.
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.
P32 WIRE / PULSE / INSIGHT / REPORTS
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