CONFIDENTIAL FALL 2020 Board of Directors Meeting Table of Contents A NOTE FROM THE CEO � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 1 AGENDA � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 2 2020 STRATEGIC ACCOMPLISHMENTS � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 3 SPEAKER BIOGRAPHIES � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 14 BOARD OF DIRECTORS ROSTER � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 15 MEMBER LIST � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 18 ANTI-TRUST COMPLIANCE POLICY AND GUIDELINES � � � � � � � � � � � � � � � � � � � � � � � � � � 20 RESOLUTIONS � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 22 Exhibit A. Fall 2019 Meeting Minutes � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 23 STATEMENT OF ACTIVITIES � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 30 AMERICAN GAMING ASSOCIATION BOARD OF DIRECTORS MEETING A Note from the CEO Dear AGA Board of Directors: AGA board meetings are always important, but this year we are convening virtually at an important time for our nation and for our industry� As we meet, a consequential lame duck session of Congress is underway, more than 60 newly elected freshman (including at least 45 from gaming states) are preparing for the 117th Congress, and President-elect Biden’s transition team is building a new administration ahead of the inauguration on January 20, 2021� Of course, we’re also meeting while the nation grapples with a second wave of COVID-19, the implications of which are hitting close to home for all of us as new mandates for reclosure and capacity restrictions are implemented to try to curb the spread of the virus� While we may be socially distant, we are together in addressing the unprecedented challenges we’ve faced as an industry throughout 2020� That’s true not only because of the impact the pandemic has on our daily lives, but because the pressures our industry continues to face are unrelenting� CDC-discouraged holiday travel notwithstanding, Americans remain hesitant to get back on airplanes and stay in hotels, the meeting and conventions business that supports our integrated resorts has been shuttered, uncertainty slowed the pipeline for product sales, and the investments you are all making to ensure employee and customer safety are significant� But at the risk of being Pollyannaish, I do see reasons for optimism� Despite persistent challenges, our communities are healthier because of their gaming partners, our team members are getting back to work, and state and tribal governments are realizing revenues that had dried up throughout Q2� This next year will be critical for the industry, and you can be sure that your association is strong and focused on delivering for you, just as we did throughout 2020� Earlier this year, the AGA scored a historic first for the gaming industry: ensuring our members were included in the CARES Act and the hundreds of millions of dollars in relief that had been denied to us in every previous federal stimulus package� We took appropriate and significant austerity measures as the pandemic’s impact on the global economy took hold, making smart decisions about how to best invest your resources� Beyond the remarkable results in the stimulus fight, we made tremendous progress on industry priorities and safeguarded the long-term viability of the association� We advanced responsibility in gaming and payments modernization; pivoted to offer educational content and convening opportunities through webinars and a virtual G2E program; launched new research and communication efforts to advance industry priorities and inform members’ decision-making during this challenging time; and much more� None of which would have been possible without the hard work of a talented, dedicated staff� There has never been a more important time for a strong industry advocate, and we’re up for the task� As we continue our evolution from response to reopening to recovery, the AGA will be with you every step of the way� Thank you for your continued support of the AGA and your active participation in today’s meeting� Bill Miller President and CEO American Gaming Association AMERICAN GAMING ASSOCIATION BOARD OF DIRECTORS MEETING 1 Agenda AMERICAN GAMING ASSOCIATION • BOARD OF DIRECTORS MEETING DECEMBER 4, 2020 • 8:30 AM PT Chairman’s Welcome Trevor Croker, Managing Director and CEO, Aristocrat Technologies Election Implications and Policy Discussion Chris Cylke, Senior Vice President, Government Relations, American Gaming Association Kirk Blalock, Partner, Fierce Government Relations Steve Elmendorf, Partner & Co-Founder, Subject Matter President’s Report Bill Miller, President and CEO, American Gaming Association Research Update David Forman, Senior Director, Research, American Gaming Association Reimagining G2E 2021 Bill Miller, President and CEO, American Gaming Association Next Steps & Adjournment AMERICAN GAMING ASSOCIATION BOARD OF DIRECTORS MEETING 2 2020 Strategic Accomplishments NAVIGATING THE COVID-19 PANDEMIC In March, the AGA’s focus pivoted to navigating the gaming industry through the COVID-19 pandemic from crucial advocacy efforts on Capitol Hill to research understanding the pandemic’s impact and crafting a narrative on recovery to convening the membership and association virtually� The results of AGA’s efforts provided needed relief, informed reopening and recovery, and advanced our industry’s message on safely reopening� ENACTMENT OF THE CARES ACT • Led advocacy efforts early in the COVID-19 pandemic to Gambling Compliance successfully ensure that gaming was eligible for the economic relief $2trn Coronavirus Bill provided in the CARES Act, unlike in previous federal responses to Makes Billions in Loans natural disasters and financial crises that excluded gaming Available to U.S. Gaming companies from assistance available to the rest of the business Companies community� • Critical provisions of the CARES Act for gaming included: – Access to emergency liquidity� – Tax relief for gaming businesses� – Support for small businesses� – Relief for tribal communities� – Tourism grants for economic revitalization� – Enhancements to unemployment insurance� GAMING ELIGIBILITY FOR PAYCHECK PROTECTION PROGRAM • Engaged the administration on the Paycheck Protection Program The Washington Post (PPP)—including sending a letter to the President—and worked After Lobbying Push, closely with a bipartisan, regionally diverse group of Congressional Casinos Are Eligible for lawmakers to successfully compel the Small Business Small-Business Funds Administration and Department of Treasury to issue revised Under New Stimulus Rules regulatory guidelines on April 24� • Letters from members of Congress included: – The Bipartisan Nevada House Delegation – Representative Guy Reschenthaler (R-PA) - Co-Chair of the Congressional Gaming Caucus – Senators Jacky Rosen (D-NV), Catherine Cortez Masto (D-NV), and Michael Bennet (D-CO) – Senators Martha McSally (R-AZ), Steve Daines (R-MT), and Kevin Cramer (R-ND) – Senator Joni Ernst (R-IA) – Representative Greg Gianforte (R-MT) AMERICAN GAMING ASSOCIATION BOARD OF DIRECTORS MEETING 3 2020 STRATEGIC ACCOMPLISHMENTS SECURING ADDITIONAL RELIEF FOR THE GAMING INDUSTRY • Continue to seek additional relief measures, outlined in a September letter to Capitol Hill, to preserve and restore the jobs, tax revenue, and the commercial and tribal economic support our communities depend on, including: – Targeted and temporary liability protections for responsible operators� – Enhancing the Employee Retention Tax Credit by increasing the credit to 80 percent from 50 percent; increasing the wage base to $15,000/quarter for up to three quarters from $10,000/year; easing the qualifying rules for revenue decline; including health benefits in the definition of qualified wages; and allowing businesses that receive a PPP loan to qualify for the credit� – Accelerating the travel and tourism sector’s recovery by providing tax incentives to encourage business meetings and conventions Associated Press and by allowing businesses to fully deduct the cost of ordinary Still Hampered by Virus, and necessary business expenses at restaurant, hospitality, and U.S. Casinos Want Aid in entertainment facilities� Recovering – Implementing a tax credit for the purchase of personal protective equipment� – Supporting vital economic support for tribal communities by extending the lifeline for Coronavirus Relief Fund (CRF) use to December 31, 2021, and providing additional flexibility for tribal governments to use the CRF to replace lost revenue� AMPLIFYING GAMING’S VOICE THROUGH COALITIONS • Joined five association and business coalitions to advocate for the gaming industry’s key legislative priorities, including: – America’s Recovery Fund Coalition, an alliance of more than 100 trade associations and business organizations advocating for a grant-based federal assistance program to power the resilience of American enterprise� Together, the Coalition’s members span 30 business sectors and employ