AGEM Membership News MEMBER PROFILES
1 Company Suzo-Happ Group Web address
www.suzohapp.com AGEM Membership level Bronze Description SUZOHAPP has served the gaming, amusement, and sport betting industries as a trusted hardware provider for over 60 years. SUZOHAPP is a worldwide company, with local contacts on each continent, local knowledge, engineering, offices, warehouses, and production sites.
2 Company Impact Components Web address
www.impactcomponents.com AGEM Membership Associate Description For over 35 years, Impact Components has been a one-stop shop for industrial-grade displays, motherboards, and semiconductors. Their US-based engineering offers personalised attention and expertise, superior logistics and engineering support.
3 Company Howard & Howard Web address
www.h2law.com AGEM Membership Associate Description Howard & Howard is a full-service law firm with a national and international practice that provides legal services to businesses and business owners. The firm has offices in Royal Oak, Michigan; Illinois (Chicago and Peoria); Las Vegas, Nevada; and Beverly Hills, California.
AGEM INDEX
The AGEM Index increased by 78.77 points to 1,502.26 in August 2024, a 5.5 per cent increase from the prior month. Compared to one year ago, the index rose 35.7 per cent, or 395.19 points. During the latest month, seven of the 12 AGEM Index companies reported stock price increases, which resulted in seven positive contributions and five negative contributions to the AGEM Index. The largest positive contributor to the monthly index was Konami, whose 15.2 per cent increase led to a 53.47-point gain. Meanwhile, Aristocrat Leisure saw its stock price increase by 0.9 per cent, leading to a 29.16-point gain. The largest negative contribution to the index was sourced to Crane NXT, whose 6.6 per cent decrease in stock price resulted in a 5.37-point loss.
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.
AGEM SEPTEMBER 2024 RECAP 1 AGEM recently announced some organisational updates that will see a restructure of its operations, part of which will be the designation of a President and Chief Executive Officer, as well as an elected Board of Directors. Daron Dorsey will become the new president and CEO, and in that role, he will continue to lead AGEM, and be responsible for day-to-day management of AGEM operations, affairs, initiatives and professionals. Bob Parente will now complete his current term of service as chair of the AGEM Board of Directors and work with the other Directors to continue governance oversight of AGEM plans and priorities. AGEM is also developing diversity, equity and inclusion initiatives to expand its board composition to maximise the best gaming industry talent.
2 With 30 days until the start of G2E, Korbi Carrison, Event Vice President for RX, gave AGEM members an update at the September meeting. As of early September, attendee registration is going very well, up seven per cent for the same period in 2023, with the biggest increase being in Platinum Club attendees, who are operator representatives in key buyer roles, with those tracking at an increase of 15 per cent against 2023. Some new features for this year’s show include an improved and updated iGaming Zone, as well as more activities in the G2E Networking Lounge. Another new feature is Collect, a contact tool available through the G2E App, that allows attendees to scan a unique QR code in an exhibitors’ booth to register interest or request a follow
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up and further information if all the booth team are busy. Also highlighted was the introduction of a new addition to the Good Neighbor Pledge. In answer to exhibitor concerns regarding safeguarding IP in the event of unauthorised photography or video, G2E has initiated a security task force to deal with these types of breaches. Communications will be sent out to exhibitors prior to the show explaining the new reporting features to counteract this abuse and a set of procedures to follow, should they occur.
3 Responsible Gaming Education Month (RGEM) led by the American Gaming Association saw a raft of events take place during September. AGEM hosted a virtual roundtable and panel discussion with industry experts on September 17. Te webinar was moderated by Connie Jones, AGEM Director of Responsible Gaming, and panel of experts, including Keith Whyte, Jennifer Shatley, Alan Feldman and Ian Shanahan.
4 Daron Dorsey recently attended a UAE Supplier Event in London hosted by the Wynn Al Marjan Island team and attended by many AGEM members. Te event provided a preview of the new facility as well as discussing the requirements of doing business in the region. Te processes are still very much in the planning stages, however the event was billed as a launch pad for onging dialogue with the regulatory authority, Te General Commercial Gaming Regulatory Authority (GCGRA), which is the federal executive agency responsible for regulating and overseeing commercial gaming in the UAE.
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