AGEM MEMBERSHIP NEWS MEMBER PROFILE Company / RSM US LLP
Web address /
www.rsmus.com AGEM Membership level / Associate
Description / RSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-
class audit, tax and consulting services focused on middle market businesses. Te clients we serve are the engine of global commerce and economic growth, and we are focused on
developing leading professionals and services to meet their evolving needs in today’s ever- changing business environment.
RSM US LLP is the U.S. member of RSM
International, a global network of independent audit, tax and consulting firms with more than 43,000 people in more than 120 countries.
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Contact: Cash Sweiven, Partner Tel: +1 702.759.4036
Email:
cash.sweiven@rsmus.com AGEM INDEX
The AGEM Index increased by 61.16 points in August 2020 to 482.02 points, a 14.5 per cent gain from July 2020. Ten of the 13 AGEM Index companies reported stock price increases as global markets continued to trend positively amid the COVID-19 pandemic. The stock price for Aristocrat Leisure Limited (ASX: ALL) increased by 8.4 per cent, accounting for a 23.89-point improvement in the AGEM Index, while Konami Corp. (TYO.9766) experienced a 27.1 per cent stock price jump that led to an index contribution of 21.26 points. All three major U.S. stock indices increased as the Dow Jones Industrial Average grew by 7.8 per cent and the S&P 500 grew by 7.4 per cent.
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.
P80 NEWSWIRE / INTERACTIVE / MARKET DATA
MEMBERSHIP NEWS
AGEM Key Board of Directors Actions l AGEM members were provided with information regarding the Nevada Department of Employment, Training and Rehabilitation (DETR) Fraud Update at the recent September meeting. It has been highlighted that more than 200,000 fraudulent unemployment claims have been made to DETR since the pandemic started, targeting many executive and senior management positions to take advantage of higher payouts. Te problem has been made worse by a massive backlog as the department was overwhelmed by the large numbers making claims as Nevada went from roughly four per cent unemployment in February to more than 30 per cent just months later, with gaming operators and suppliers hit particularly hard. Members were urged to monitor their own businesses and employees and respond quickly at
https://ft.nvdetr.org/form/Fraud to highlight any fraudulent claims in order to protect those wrongly caught up in the scam.
l Former Chair of the Nevada Gaming Control Board, Becky Harris, who is now a Distinguished Fellow at Te International Gaming Institute at UNLV, reached out to AGEM to encourage members to take part in a new initiative. Te IGI is conducting research through its Expanding the Leaderverse initiative in the form of an online survey, to establish whether or not gender’s influence and leadership roles in the gaming industry have changed in response to the COVID 19. Te Leaderverse initiative promotes diversity and inclusion in the hospitality, gaming, and tourism industries at the K 12, university, and industry levels. To be eligible to take part, you must be at least 21 and currently employed in the gaming industry or have been employed in the industry within the past 12 months. If you would like to participate please contact
Becky.Harris@UNLV.edu.
l Te National Native American Veterans Memorial, Washington, D.C., is the latest recipient of the AGEM / GLI Lasting Impact Philanthropic Initiative. Te project will receive a contribution of $20,000 for the year. Created by AGEM and GLI, the Initiative is a multi-year effort designed to identify worthy causes that will utilise direct contributions to flourish over the long term and to provide a variety of assistance to multiple beneficiaries. Te Initiative is a unique giving programme that will benefit many different audiences and will be true to the idea of making a “lasting impact” inside the gaming industry and beyond. Te award will be dedicated in November.
l Te decision has been taken to cancel the AGEM Cup Golf Tournament and Holiday Reception 2020. Tis yearly golf event was due to take place at Southern Highlands in Las Vegas during Tanksgiving week in November, but because of the pandemic and the restrictions on large gatherings, it was thought unfair to limit the number of members who might want to attend. Te event will relaunch again in 2021.
l Marker Trax, based in Las Vegas, is the latest company to be welcomed as an Associate Member to AGEM. MarkerTrax is a patented casino advance line system. Tis brings the total number of AGEM members globally to 184 companies, an all-time high.
Forthcoming Events l Te G2E Virtual Experience hosted by the AGA and Reed Exhibition was recently announced to
take place on October 14, and October 27-28. Tis new event is being held in place of the physical show and will comprise of a kick-off session on October 14 with a general educational session, followed by a preview of the virtual platform event taking place later in the month. At the preview attendees can view virtual showrooms and set up meetings conducted on the platform – either by video or audio. Te virtual trade show event on October 27-28 will include keynote sessions as well as 16 education sessions along with dedicated times to view virtual showrooms and connect with people through networking opportunities. Additionally, awards sessions will include the presentation of this year’s AGEM Memorial Awards honoring Jens Halle and Peter Mead.
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