AGEM MEMBERSHIP NEWS MEMBER PROFILE Company / Global Market Advisors (GMA)
Web address /
www.globalmarketadvisors.com AGEM Membership level / Associate
Description / Global Market Advisors is an international provider of consulting services to the gaming, entertainment, sports, and hospitality industries with offices located in Las Vegas, Nevada; Denver, Colorado; and Singapore. Te company's market experience extends throughout all regions of the Americas,
Europe, Australia, and Asia. GMA provides clients with strategic planning, market feasibility studies, primary research, due diligence, general counsel, government relations, crisis
communications, responsible gaming initiatives, business and marketing plans, and fan engagement program design. GMA’s clients consist of publicly traded companies, Native American tribes, commercial and investment banks, associations, and government agencies from around the world.
What new services will you introduce this year?
Global Market Advisors continues its strong efforts to understand market opportunities for the global gaming community. Efforts continue to focus on emerging technologies, combating illegal
markets, and developing new market opportunities for current and future clients. Tis industry continues to adapt and adjust to the challenges it faces, and GMA stands in partnership working with the industry to overcome these challenges in allowing strictly regulated market opportunities across all of gaming while advancing technology.
Do you have any newsworthy events to share?
GMA continues to offer industry insight and thought leadership on topics from emerging markets, SPACs, sports betting, online
gaming, the illegal market (both land and online), and other related industries including, but not limited to, travel, tourism, and
entertainment. As the firm continues to grow, we look forward to sharing more with the industry on our new team members and emerging sectors.
AGEM INDEX
The AGEM Index increased by 94.30 points to 858.43 points in April 2021, a 12.3 per cent gain from March 2021. In the last month, the majority of AGEM Index companies reported increases in stock price, with 11 posting positive contributions and two recording negative contributions to the index. The AGEM Index's April 2021 growth was driven by a 51.9 per cent increase in the stock price of Scientific Games, which rose from $38.52 to $58.52. The stock was responsible for 49.89 points of the AGEM Index's monthly growth. Another significant index contributor in April was Aristocrat Leisure, which added 30.91 points due to an 8.2 per cent stock price gain from $34.35 to $37.17.
MEMBERSHIP NEWS
AGEM Key Board of Directors Actions l At the AGEM monthly meeting for May, Executive Director Marcus Prater reported that gaming activity in Nevada during March produced the highest revenues since 2013, with regional casino revenues right across the US also on the rise. As a result of the overwhelming numbers of casino staff being vaccinated at a few of the largest Las Vegas Strip casinos, 100 percent capacity is now being allowed. Casinos in Macau also reported hotel occupancy at or above 90 percent. Suppliers too are starting to see improvements and it certainly seems like a corner has been turned. Indeed, there is also a possibility that the AGEM June monthly meeting may be the first in-person get together since last March. A decision will be made by the Board in the next few weeks depending on progress and the lifting of restrictions.
l AGEM members were informed Brittnie Watkins, an attorney with the Las Vegas law firm Pisanelli Bice PLLC, was recently named by Governor Steve Sisolak to the Nevada Gaming Control Board. She replaces Terry Johnson, whose term ended in May and who has been a board member since November 2012. AGEM welcomes Brittnie to the NGC and looks forward to working with her.
l Gaming reform measures Assembly Bill 7 and Assembly Bill 8 from the Nevada Gaming Control Board, were finally passed by the state legislature’s lower house at the end of April. Among other things, AB 7 would amend processes for the NV Gaming Commission’s approval of new casino games, while AB 8 would allow digital signatures for redemption of wagering vouchers. Separately, the Gaming Control Board scheduled, but then postponed, a May 13 workshop to discuss draft regulations to allow for online casino games. It is expected this will now be rescheduled after the legislative session.
l Following the release by the Japan Casino Regulatory Commission (JCRC) of draft regulations, the AGEM Officers and Compliance Committee have been collating feedback regarding the wording of technical standards as well as considering best practices from other gaming jurisdictions around the world. Due to the close working relationship AGEM has developed with the JCRC, a shared folder has been established with the commission where AGEM can place documents at any time.
l AGEM members recently approved and welcomed three companies for membership. New Bronze member Play’n GO, with hubs in the UK, Malta, Sweden, Hungary and Philippines, is a software development company. Fantalooks, based in Incheon, South Korea, supplies customised display solutions to the casino, sports betting and amusement industries, was approved as Associate members, along with Teatro, based in Richardson, Texas, which provides software solutions.
Forthcoming Events l Te Northwest Indian Gaming Conference & Expo (WIGA) hosted by the
Washington Indian Gaming Association, will take place June 22-23. Te event has been redesigned as a total virtual experience. For more information and to register, visit the website:
washingtonindiangaming.org/expo2021.
l AGEM Associate member Te Innovation Group will once again co-sponsor its annual recognition programme, the Emerging Leaders of Gaming’s “40 Under 40”, along with GGB Magazine. Nominations are currently open, with information available from the GGB website:
ggbmagazine.com/40-under-40-nominations.
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.
P46 WIRE / PULSE / INSIGHT / REPORTS
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