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AGEM MEMBERSHIP NEWS MEMBER PROFILE Company / MdME Lawyers


Web address / www.mdme.com.mo AGEM Membership level / Associate


Description / MdME Lawyers is a full-service law firm based in Macau, with offices in Hong Kong and Lisbon.


MdME is the exclusive member in Macau of Lex Mundi, the world’s leading network of independent law firms, with


presence in 100+ countries worldwide and 21,000 lawyers. For more than a decade, MdME Lawyers has been


delivering high quality, client-oriented legal solutions, with a keen focus on responsiveness and innovation. MdME is recognised as a leading gaming law firm in the


Asia-Pacific region, and has an established track record of representing gaming concerns, owners and operators, gaming manufacturers and suppliers, sports betting


companies, gaming promoters, private equity firms, and investment banks, governments and regulators, both in land-based and online operations. Te firm has advised gaming clients across the entire spectrum of their legal needs, in issues ranging from licensing, to employment, real estate, to intellectual property, corporate|M&A and


finance and litigation. Te need to deliver local knowledge with a global reach has led MdME to launch the Lex Mundi Gaming Solution. Tis network currently covers over 25 jurisdictions and is considered the largest network of gaming law firms worldwide, reflecting the collective insight, knowledge, and experience of the premier member firms of the Lex Mundi Gaming Law Practice.


Do you have any newsworthy events to share? Te gaming team regularly features in specialised gaming magazines and participates in webinars to provide the latest trend and insights. Tis year, with the hiring of Partners Helena Kok and Rui Filipe Oliveira, we aim to reinforce our gaming practice.


AGEM INDEX


The AGEM Index increased by 13.55 points in July 2020 to 420.86 points, a 3.3 per cent gain from June 2020. Six of the 13 AGEM Index companies reported stock price increases amid the ongoing global economic impacts due to the COVID-19 pandemic. The stock price for Aristocrat Leisure Limited increased by 2.7 per cent, accounting for a 12.43-point improvement in the AGEM Index, while Scientific Games Corporation (SGMS) experienced a 13.7 per cent stock price jump that led to an index contribution of 3.79 points. All three major U.S. stock indices increased as the Dow Jones Industrial Average grew by 2.4 per cent and the S&P 500 grew by 5.5 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.


P84 NEWSWIRE / INTERACTIVE / MARKET DATA


MEMBERSHIP NEWS


AGEM Key Board of Directors Actions l A second special session of the Nevada legislature was held recently covering a wide variety of urgent pandemic-related matters, and in particular Senate Bill 4 that includes limited liability bill provisions for AGEM, its Nevada-based members and other business that will be protected from COVID-related claims. SB4, which also covers concerns from the Culinary Union, was signed by Governor Sisolak on August 11 and provides limited liability cover for companies that are in compliance with mandatory guidelines and controlling health requirements that have been set out by the Governor’s office or CDC.


l AGEM members were informed at the August meeting that Las Vegas-based attorney Ogonna Brown has been appointed to the Nevada Gaming Commission by Governor Steve Sisolak following the recent resignation of Tony Alamo. Brown brings close to 20 years of legal experience to her role, primarily in the areas of complex business litigation and bankruptcy focusing on creditors' rights. Also, long time Nevada Gaming Commissioner John Moran Jr. has been named Chairman of the Commission. He has been serving as acting chairman since the resignation of Chairman Alamo in April.


l AGEM’s Mexico Committee has been working closely with regulatory agency SEGOB and other industry partners to defeat a proposed “NOM,” or federal rule, that would force an additional level of certifications for gaming machines coming into the country. However, despite these efforts, the Ministry of the Economy that is overseeing the proposed changes announced plans at a recent working group meeting to push ahead. A new draft document was presented, proposing, among other things, that every game should be recertified annually that would be highly costly and open to potential issues in collecting fees. Te existing certification process has worked well for many years and so AGEM is now asking the independent testing labs to join in speaking out against unnecessary new regulations.


l Te Michigan Gaming Control Board (MGCB) recently began the rule-making process for online and sports betting in Michigan. Te AGEM Compliance Committee has provided comments that were included in published draft rules and these have now been posted in a Regulatory Impact Statement that had to be submitted by August 15. AGEM plans to take part in the next stage of hearings that are due to commence in September.


l Nevada Industry Excellence (NIE) continues to provide its much-needed resource in supporting gaming employees who have been laid off to find new employment in other industries through its website www.NevadaWorksTogether.com. Te NIE has been working hard to obtain federal funding for vital retraining programs and this initiative has been achieved and will go live from August 31. Te National Association of Manufacturers (NAM), of which AGEM is a member, has also launched an important resource that runs at a national level at www.TeManufacturingInstitute.org.


l AGEM welcomed KPMG LLP as a new Associate member at the August meeting. Te company provides audit, tax and advisory services occupying a meaningful space in the gaming industry, representing a large number of operators and many major gaming suppliers. Tis brings the total number of AGEM members globally to 183 companies.


Forthcoming Events l Nominations for the AGEM Memorial Awards honouring Jens Halle and Peter Mead


concluded on August 15. Te winners are usually announced at G2E, but due to the event being cancelled the winners will be announced in October at a time to be confirmed.


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