AGEM MEMBERSHIP NEWS GAMING MEMBER PROFILE Company / Clarion Gaming


Web address / www.clariongaming.com AGEM Membership level / Associate


Description / Clarion Gaming is a global business with a global strategy to deliver exceptional outcomes and experiences through live events, training and content in every active gaming market and vertical.


Kate Chambers, Managing Director, Clarion Gaming: “Te pledge we


make to all of our stakeholders is to work alongside them and deliver the very best opportunities to help improve and develop their


business. Tis undertaking is even more important during periods of uncertainty, unease and upset such as the one that we are all currently enduring. Clarion Gaming has helped the global industry to enjoy the


good times and we are resolute in our commitment to stand shoulder to shoulder with the industry during the bad times. Most people will


engage with us courtesy of the world famous ICE brand – comprising ICE London, ICE Africa, ICE North America and our most recent addition – ICE Asia. ICE never hides and never runs away from


problems – even one the magnitude of COVID-19. As such, and after lengthy consultation with our partners and colleagues, we have taken the decision to transport the fantastic content produced for both ICE


North America and ICE Asia, online. Rather than trying to recover any of our costs, we are making every element of the ICE North America and ICE Asia digital experience totally free, which means absolutely no pay walls and no hidden charges. Tis also applies across our iGB site, including premium analysis and data. Everyone in the global gaming community is under pressure and for many that pressure is intense. Our philosophy is to view business as a lifetime relationship and not as a transaction, which is why we are supporting our customers in the


way that they have supported us and helped our brands to flourish. On behalf of the entire team at Clarion Gaming I would like to wish our


colleagues at AGEM, readers of G3 and the entire global industry the very best for the months ahead and to assure them that we will be there to help the industry on the road to recovery.”


AGEM INDEX


The AGEM Index decreased by 156.39 points in March 2020 to 312.52 points, a 33.4 per cent decline from February 2020. Twelve of the 13 AGEM Index companies reported significant stock price declines as global markets reacted to gaming industry shutdowns, historic unemployment claims, and a widening economic freeze due to the COVID-19 pandemic. The stock price for Aristocrat Leisure Limited (ASX: ALL) dropped by 35.5 per cent, accounting for an 83.03-point decrease in the AGEM Index, while Crane Co. (CR) experienced a 27.6 per cent stock price drop that led to an index contribution of negative 20.32 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.


NEWSWIRE / INTERACTIVE / MARKET DATA P50


MEMBERSHIP NEWS


AGEM Key Board of Directors Actions l AGEM held its first fully remote monthly meeting on April 14 with more than 100 members dialing in for the conference call. President Luke Orchard told members that in these unprecedented times AGEM intends to remain an important resource for the industry and will still be dealing with issues that affect the supplier segment of the industry. Te officers are talking at least twice a week to discuss any updates or progress. In addition, Executive Director Marcus Prater is representing AGEM on twice-weekly calls hosted by NGCB Chairwoman Sandra Morgan, along with casino and restricted license representatives. Chair Morgan has stated she stands ready to assist if AGEM members have any Nevada regulatory concerns during this crisis.


l AGEM members were informed of the sad passing of Robert “Bob” McMonigle, who will be remembered as a driving force behind the founding of the Association of Gaming Equipment Manufacturers (AGEM) in 2000 and as the organisation’s first President through 2005. While at IGT, Bob collaborated with arch-enemy competitors at Aristocrat, Bally and WMS to help create AGEM and bring all of the gaming suppliers together for a common good. Tat spirit lives on today, perhaps more than ever, given the circumstances of the current situation. Bob made his mark at IGT as arguably the greatest slot salesperson ever, commanding 70 per cent market share in jurisdictions throughout the US, but he also helped elevate other gaming companies until the end and was the representative at AGEM meetings for Associate Member Rising Digital until his untimely passing. Bob will be missed, but he will not be forgotten.


l AGEM and the AGA recently released a fact sheet designed to help combat the spread of unregulated machines in multiple markets throughout the U.S. Tere has been some success with Utah and Wyoming both signing bills addressing machines in their states. Missouri and Pennsylvania were initially allowing play even when the casinos closed due to the pandemic, but these too have now shut down. Virginia approved an outright ban, but the Governor kicked it back to the state regulator to tax the machines to raise funds for the COVID-19 effort. Tis short-term mistake could lead to long-term problems for the regulated industry, but AGEM and the AGA will continue to work together to highlight these issues.


l AGEM members approved contributions for two sponsorships at the April meeting. Te 13th European Conference on Gambling Studies and Policy Issues due to be held Sept. 8-11 in Oslo, Norway will receive €1,250. Even though the AGEM-AGA Golf Classic presented by JCM Global has had to be cancelled, AGEM will provide the main benefactor of the event, the International Center for Responsible Gaming with a donation of $12,500. Both donations reflect the newly approved Fiscal Year Budget that has shown a 75 percent reduction due to the suspension of AGEM dues and other reduced income.


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