Dec 06, 2019 Newsdesk Industry Talk, Latest News  
The AGEM Index increased by 33.01 points in November to 540.65 points, a 6.5 percent gain from the prior month.
The Association of Gaming Equipment Manufacturers (AGEM) said the index of stock prices for major publicly-listed makers of gaming equipment was 21.7 percent higher than a year earlier. The AGEM produces the monthly AGEM Index, in association with research firm Applied Analysis LLC.
The trade body noted November’s performance was driven largely by a 7.3-percent month-on-month increase in the stock price of Australia-listed slot machine maker and online gaming provider Aristocrat Leisure Ltd. During the period its shares climbed from AUD31.62 (US$21.62) to AUD33.92, with the stock being responsible for 11.58 points of the AGEM Index’s monthly gain. Aristocrat Leisure shares were up 45.0 percent judged year-on-year.
Crane Co, a United States-based industrial products conglomerate that sells payment processing technology to the financial sector including casinos, experienced an 8.6 percent stock price gain in November from the prior month, rising from US$76.52 to US$83.07. It led to an index contribution of a positive 6.44 points.
Slots maker and lottery services group International Game Technology Plc saw its stock up 12.2 percent sequentially in November, but down 13.7 percent year-on-year. The group added 5.57 points in terms of the index’s monthly gain.
Slots, electronic table game and lottery services supplier Scientific Games Corp saw its stock price rise 14.0 percent month-on-month, and 40.5 percent year-on-year, making a 5.41-point positive contribution to the index.
Of the 13 gaming-equipment supplier stocks around the world tracked by the AGEM Index, more reported increases in stock price during the month, than reported decreases. Seven had gains, and six saw a falling in value.
Two major stock indices – the Dow Jones Industrial Average and the S&P 500 – experienced sequential monthly growth during November of 3.4 percent and 3.7 percent respectively.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries and components for the gaming industry. The association began compiling data for the index in January 2005 using a base of 100 points. The stocks that constitute the AGEM Index are weighted by approximate market capitalisation.
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