AGEM MEMBERSHIP NEWS
MEMBER PROFILE Company / IGT
Web address /
www.igt.com AGEM Membership level / Gold
Description / IGT is a global leader in gaming delivering entertaining and responsible gaming experiences for
players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital.
MEMBERSHIP NEWS
AGEM April 2023 Recap l In a bid to improve processes for the regulation of gaming technology in Nevada, the Nevada Gaming Control Board (NGCB) held a workshop on March 21, 2023, on the topic. AGEM’s Daron Dorsey participated in the workshop, along with representatives from several casino operators and gaming suppliers. Among the specific matters addressed by AGEM and other industry representatives were the role of independent testing laboratories in the certification of new gaming technologies, as well as whether NV’s field-trial process could be streamlined for games that have already been approved in other markets. Te first meeting went well and paves the way for continuing more positive discussions between the NGCB and the industry.
MEMBER PROFILE Company / Exacta Systems LLC
Web address /
www.exactasystems.com AGEM Membership level / Bronze
Description / Exacta Systems is the leading provider of systems and games to the Historical Horse Racing industry. Founded in 2012, the company is based in
Boynton Beach, FL with offices also in Austin, TX and Richmond, VA.
l Te NGCB also held another workshop meeting on April 12 on proposing to eliminate certain regulations currently in use in Nevada with an aim to streamline processes and fulfill Governor Lombardo's recent executive order to state agencies on reducing unnecessary or unneeded regulations affecting Nevada businesses. AGEM Executive Director, Daron Dorsey, attended the workshop to signal AGEM's support for this and future initiatives to eliminate outdated or unneeded regulations affecting gaming licensees in Nevada. AGEM's Officers, Compliance Committee and outside counsel will be engaging with the NGCB to propose and recommend further actions on the subject in the months to come. Any proposal for changes or amendments will require Nevada Gaming Commission action to modify or eliminate any current regulations.
l AGEM recently published its bi-annual Industry Impact Analysis and Report which provides an extensive overview of the supplier sector, both in the US and globally. Te latest report, which captures the last reported financial year in the 2021-22 period for all responders, has received positive press coverage and importantly highlights the benefits the industry brings to communities through job creation, wage growth and general improvements to society. Additionally, the report shows that the gaming supplier sector has been resilient and profitable, continuing to grow and recover as we come out of the pandemic. Te full report is available to download at (
https://bit.ly/Econ-Impact).
MEMBER PROFILE
Company / CMC Trading Engineering (International) Web address /
www.cmcmacau.com AGEM Membership level / Associate
Description / CMC Trading & Engineering Co., Ltd was established in 1992 and is based in Macau. With many years’ experience in the hotel and gaming industry, CMC is a one stop service for its customers providing design, production, product supply, installation, management, and maintenance services.
AGEM INDEX
The AGEM Index decreased by 5.10 points in March 2023 to 945.81, a 0.5 per cent decrease from the prior month. Compared to one year ago, the index was down 9.59 points, or 1.0 per cent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in five positive contributions to the AGEM Index and seven negative contributions. The largest positive contribution to the monthly index was sourced to Konami Corp., whose 1.0 per cent increase in stock price led to a 4.70-point gain to the index. Additionally, Aristocrat Leisure saw its stock price increase by 1.8 per cent, leading to a 3.94-point gain for the 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
l Te recent Indian Gaming Association Trade Show and Convention was held from March 27- 30, 2023 in San Diego, CA. Many AGEM members participated and exhibited at the event and by all accounts the show was successful. AGEM’s Daron Dorsey and President Bob Parente attended a reception prior to the show, presenting a contribution of $50,000 to the Tribal Education Fund. Tis important initiative allows tribal communities to build capacity within their education departments, provide much needed services, and design and develop infrastructure to ensure Native American public school student success, making them college, career, and civic ready.
Forthcoming Events
l Te 24th Annual AGEM-AGA Golf Classic Presented by JCM will be held on May 3, 2023 at the beautiful Cascata Golf Course. Tis year’s event has almost sold out and is poised to be a great success for a worthy cause, the International Center for Responsible Gaming.
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