Michael Rumbolz To Take Over As AGA’s New Chairman From January 2024
The American Gaming Association (AGA) Board of Directors has selected the executive president of the Board of Everi Holdings Inc. Michael Rumbolz to officially become the latest president of AGA. In addition, he will replace Jim Allen, CEO of Seminole Gaming and President of Hard Rock International, who has performed the presidential duties since the beginning of last year, aka January.
Rich experience:
Rumbolz will officially begin his term from the beginning of next year, that is, in January. Also, his tenure will last for 2 years. Commenting on his future role as president, Rumbolz commented: “I am grateful for the opportunity to help shape gaming’s future as the AGA’s next chair. From stopping illegal gambling to evolving responsible gambling, the AGA is tackling transformational issues and I am eager to build on the progress made during Jim’s tenure.”
Starting his career as a busboy and working his way up to the C-suite, his entire career incorporates each facet and level of the gaming industry, with experience including gaming equipment production and distribution, casino fin-tech, gaming legislation and regulation, hotel and casino operations and digital gaming. Additionally, Rumbolz was the former CEO and President of Everi, a Chief Deputy Attorney General of Nevada and a Member and Chairman of the Nevada Gaming Control Board.
Commenting on the new president, AGA President and CEO Bill Miller, commented: “It’s an honor to welcome Mike—an industry legend in his own right—as the next AGA chairman. Mike’s career as an operator, manufacturer and regulator is unparalleled and will be vital to driving meaningful progress on industry priorities.”
Furthermore, throughout Allen’s mandate as president, the AGA has backed up the industry’s unparalleled recovery from COVID-19, while simultaneously working to develop an “industry’s approach to responsible gaming“ and launch a fresh attempt to prevent non-legal gambling. In this regard, Miller added: “Jim’s knowledge, insight and guidance have helped the AGA advance our mission and maximize our impact for the industry. He’s been a trusted advisor to me, and I am thankful for his partnership over the last two years.”
Relatedly, Allen added according to the official press release: “Our industry and this association have never been stronger. I am immensely proud of our success over the last two years accelerating gaming’s recovery while defining and advancing new priorities. The AGA is well-positioned under Mike and Bill’s leadership.”
US Commercial Gaming Income During Q3 2023:
In other news, AGA recently released a report showing that US commercial gaming income reached $16.17 billion in the Q3 2023, its best Q3 ever. The aforementioned third quarter of this current year also represents the second-biggest quarter for commercial gaming ever, with the first being the first quarter of the same year. Regardless of early signs of a “slowdown” during the fourth quarter, the US industry is ready to experience a 3rd consecutive record year, advancing 9.9% from last September.