AGEM MEMBERSHIP NEWS MEMBER PROFILE
Company / Patriot Gaming & Electronics Web address /
www.patriotgaming.com AGEM Membership level / Bronze
Description / Patriot Gaming & Electronics, Inc. is focused on providing the gaming industry with a wide
variety of products, alternatives, low cost solutions, and unprecedented service. We provide gaming equipment and electronics supplies to casinos across the globe.
MEMBERSHIP NEWS
AGEM May 2024 Recap l AGEM welcomed Stephanie Goodman, Executive Director of the International Problem Gambling Center, for a short presentation to members. Ms. Goodman thanked AGEM for its financial support for the important work carried out at the Center, which has seen a 35 per cent increase in clientele over the prior financial year. She also highlighted the Center’s current 44 per cent success rate of people maintaining the programme teachings after one year, a rate that is significantly higher than the national average, and other initiatives that are proving very successful, including peer support through a telephone helpline to connect callers with someone who understands their problems and ‘Weekend Solutions’ to support success plans over weekend periods when less structure and time commitments may tempt those in recovery.
l AGEM Executive Director, Daron Dorsey, and AGEM Director of Responsible Gaming, Connie Jones, noted Stephanie Goodman’s continued good work in the space and informed the members of AGEM’s ongoing commitment to Responsible Gaming and Problem Gaming organisations like hers. Tey also noted AGEM’s support of similar responsible gaming organisations focused on education and training, including youth and young adult education. One of those partner organisations, YGAM, is based in the UK and is making a presentation to AGEM’s Responsible Gaming Committee.
MEMBER PROFILE Company / GAN
Web address /
www.gan.com AGEM Membership level / Associate
Description / GAN (GameAccount Network), is a publicly traded company and global supplier of industry leading casino content, fast and flexible gaming systems, and turnkey social gaming. Te
company is a global SaaS provider of internet betting solutions for the casino industry.
l Daron Dorsey shared news at the monthly meeting that could potentially impact members. Te Federal Trade Commission (FTC) recently announced that it is proposing to adopt a comprehensive ban on new non-competes for all workers, including senior executives. Historically, this included time and geographic limitations that protected companies and these changes could potentially affect the gaming industry in a unique way. Legal challenges are already underway at the state and federal level about the proposed new rule, so AGEM will continue monitoring developments and share them with the wider membership when they occur.
l Daron Dorsey and President Bob Parente provided a recap on the 25th Annual AGEM-AGA Golf Classic presented by JCM that was held May 8, 2024 at the exclusive Shadow Creek Golf Club in North Las Vegas. With 24 sponsors and 120 players, this year’s tournament to benefit the International Center for Responsible Gaming (ICRG) was the most successful in the event’s history. Tis event’s support for the ICRG over 25 years is approaching three million dollars and goes towards scientific research on critical issues for the gaming industry.
MEMBER PROFILE Company / Ganlot
Web address /
www.ganlot.com AGEM Membership level / Associate
Description / Ganlot, a Portwell Group company based in Taiwan, provides a range of industrial gaming boards and software solutions specifically designed for gaming and lottery use and delivers design, simulation, production and shipment services to its customers.
AGEM INDEX
The AGEM Index decreased by 109.86 points to 1,109.06 in April 2024, a 9.0 per cent decrease from the prior month. Compared to one year ago, the index was up 137.54 points, or 14.2 per cent. The largest negative contributor to the monthly index was Aristocrat Leisure, whose 7.2 per cent decrease in stock price led to a 37.06- point loss to the index.
Meanwhile, Light & Wonder saw its stock price decrease by 12.6 per cent, leading to a 27.73-point loss for the index. The largest positive contributor to the index was Transact Technologies, whose 2.1 per cent increase in stock price resulted in a 0.03-point gain to the AGEM 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
Forthcoming Events l Gaming Suppliers, Opportunities and Challenges, presented by VIXIO and AGEM, will take
place June 12 at UNLV Black Fire Innovation, 8400 West Sunset Road, 4th Floor, Las Vegas, NV. Tis is an excellent event that features fireside chats and panels covering important industry topics followed by a networking cocktail reception.
l Te Canadian Gaming Summit will take place June 18-20 at the Metro Toronto Convention Centre, Toronto, Canada. AGEM is a long-term supporter of the event and will be sponsoring an evening cocktail reception surrounding the Summit.
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