AGEM MEMBERSHIP NEWS eConnect Clear Operational Intelligence MEMBER PROFILE Company / eConnect Inc.
Web address /
www.econnectglobal.com AGEM Membership level / Associate
Description / eConnect has been in existence since 2009 and is acknowledged as an expert in the field of data integrations with digital video, primarily operating in the hospitality and leisure space and in an anti-fraud and theft capacity. eConnect’s guiding ethos has been to allow clients to make informed choices based upon intelligent use of information across
multiple data siloes; beginning with POS connect, the first and in many ways still eConnect's flagship product, the focus was on using data to identify areas of concern along with an
integrated digital video links so that these concerns could be, immediately, reviewed and if necessary addressed. Tis initial capacity was rapidly built out with a comprehensive casino, fraud detection, suite of products, latterly featuring an
innovative facial recognition capability. Te 2020 pandemic resulted in a pivot, built upon this existing facial recognition concept, into zero touch time and attendance systems as
concern over fraud and theft gave way to concerns over keeping staff and patrons safe, and reopening shuttered properties.
What new products will you introduce this year?
In 2021 eConnect is focusing on two disparate, yet intimately connected, strands of development. One of these strands will be to broaden, and deepen, integrations into time and attendance systems including, important from a Casino
standpoint, the UKG "Virtual Roster" platform. Te other will be a resumption of development on "project Panopticon" a type of Face Recognition Management, or FRM, where the human face will be the hub around which data will be collected from multiple sources within an individual casino, or integrated
resort, will revolve. Allowing a holistic picture of patrons to be developed: when and from where they enter, where they play and for how long, where they eat, where they shop, where they stay, when they go.
AGEM INDEX
The AGEM Index improved by 8.96 points in January 2021 to 696.08 points, a 1.3 per cent gain from December 2020. Overall, the majority of companies in AGEM Index reported declines in stock price over the month, with eight trending negatively and five moving positively. The AGEM Index's monthly growth was due in large part to an increase in the stock price of Konami Corp. (TYO:9766). The company's stock price increased by 13.4 per cent and contributed 18.22 points to the AGEM Index's January gain. Additionally, the stock price for Ainsworth Game Technology (ASX:AGI) increased 66.7 per cent, which led to an index contribution of 2.47 points.
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
MEMBERSHIP NEWS
AGEM Key Board of Directors Actions l Following the January AGEM meeting that saw new Chairman of the Nevada Gaming Control Board J. Brin Gibson outline his plans for the year, the AGEM Compliance Committee provided input for a working group meeting between AGEM and the GCB to discuss a review of the language for two pending bills in the Nevada Legislature– AB 7 and 8. Tis was a good meeting that resulted in some of the language flagged by AGEM’s Compliance Committee being reviewed and the suggested content incorporated into the draft. Although this was only a small step toward overall regulatory reform, it signals a good start to working relations between AGEM and the new Chairman and his team, including Jim Barbee, Chief of the Technology Division.
l Te Nevada Legislature reconvened recently in Carson City, albeit with limited lobbying, press and people, due to the pandemic. Currently, there is not much industry activity in this area, but AGEM was highly encouraged when Governor Steve Sisolak recently reached out to Executive Director Marcus Prater to see if AGEM needed anything on a legislative level addressed. Tis is a positive and reassuring move that indicates AGEM is on leadership’s radar and they are receptive to industry needs.
l Te Chair of the AGEM Mexico Committee, Carlos Carrión of Aristocrat, made some significant developments recently when he met with the new SEGOB Director Alma Itzec De Lira Castillo. Two in-depth meetings took place in which Mr. Carrión was able to give a full overview of how the supplier sector operates in the region and how this differs in other areas around the world. AGEM is committed to working with the new regime supporting and educating on industry issues. Encouragingly, both sides are opposed to the proposed “NOM,” or new federal rule, that has the potential to require an additional level of certifications for machines coming into the country. SEGOB recognises manufacturers are key to the industry and the new Director has expressed he is happy to work closely with AGEM for the greater good.
l Following the recent contract agreement between AGEM, the American Gaming Association (AGA) and Reed Exhibitions in relation to the G2E trade show, it was decided to establish a steering committee who will meet four times a year. Te first of these meetings will take place on Feb 17, where two members each from AGEM, AGA and Reed will decide major issues that ultimately shape the show.
l AGEM Members recently approved a one-year contract for Executive Director Marcus Prater, instead of the usual three-year term, as it was announced he will be stepping down and a new Executive Director will take over the helm March 1, 2022. Mr. Prater has agreed a further six-month term up to G2E 2022 to ensure a smooth transition period. A recruiting committee has been set up consisting of AGEM officers and one non-Board member, who will start their search now to find the right candidate. Connie Jones, Director of Responsible Gaming, also had a one-year contract approved at the same time.
Forthcoming Events l After two previous postponements in April and June, the organisers of the National
Indian Gaming Association (NIGA) trade show have confirmed the event will now take place in Las Vegas at the new Caesar’s Forum from July 19-22. Te RES (Reservation Economic Summit) will also take place around the same date and both event organisers will work together to ensure attendance is strong.
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