Six New Companies Join AGEM

AGEM, the Association of Gaming Equipment Manufacturers, added six new members recently, bringing its total membership to 184.

Six New Companies Join AGEM

The applications of six new companies to join the Association of Gaming Equipment Manufacturers (AGEM) have been approved by its board of directors. This brings the membership to 184.

The new members are: Empire Technological Group, based in Las Vegas,

Global Market Advisors (GMA), based in Denver, KPMG LLP, based in the Netherlands, Marker Trax, based in Las Vegas, Omron, based in Kyoto, Japan, and Sparks Marketing Corporation, based in Las Vegas.

AGEM Executive Director Marcus Prater said in a statement: “AGEM appreciates the companies that have applied for membership in the recent months as all of the gaming suppliers have been working through the negative impacts brought on by the COVID-19 virus.” He added, “AGEM’s new fiscal year began April 1 and we have suspended the collection of dues this year for all existing members as a small gesture of assistance for suppliers hit hard by the pandemic as we attempt to navigate this new landscape together.”

In a related development, the AGEM Index for stocks of major casino equipment suppliers increased by 61.16 points in August, 14.5 percent higher than the month before.

This was the fourth straight month of rising stock prices for the index after the deep dive the index’s companies experienced in March caused by Covid pandemic.

Ten of the 13 companies that are included in the index saw stock price increases in August, despite the Covid pandemic. For example, Australia’s Aristocrat Leisure Ltd. saw its stock price rise 8.4 percent while Japan’s Konami Holdings jumped 27.1 percent. Leading the pack was U.S.-based TransAct Technologies whose price increased 53.3 percent.