GGRAsia – AGEM Index post third consecutive monthly increase

AGEM Index post third consecutive monthly increase

May 11, 2016 Newsdesk Industry Talk, Latest News

The AGEM Index, which tracks the stock performance of the world’s major listed casino gaming equipment suppliers, rose 2.16 points, or 1.0 percent, in April judged month-on-month.

This was the index’s third consecutive month-on-month increase.

The AGEM Index also rose in year-over-year terms for the seventh consecutive month, increasing by 25.84 points, or 12.9 percent, when compared to April 2015.

In April, half of the 14 global gaming equipment manufacturers tracked by the index reported month-to-month gains in stock price. The respective share prices of display and scoreboard manufacturer Daktronics Inc and casino currency and table gaming equipment supplier Gaming Partners International Corp were up by more than 10 percent.

In the opposite direction, the stock price of Taiwanese slot-machine maker Astro Corp declined by one third in monthly terms. Everi Holdings Inc – a specialist in cash handling technology and electronic game content for the casino industry formerly known as Global Cash Access Holdings Inc – reported a share price decline of 26.6 percent for the period.

The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index, in association with research firm Applied Analysis LLC. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalisation. It is based on a 100-point value recorded as of January 2005.

AGEM is a non-profit international trade association representing manufacturers and suppliers of electronic gaming devices, systems, table games, online technology, key components, and support products and services for the gaming industry.