After reporting a flat performance sequentially in the first month of 2015, the AGEM Index in February increased 10.82 points, up by 5.9 percent month-to-month. It resulted in a composite index of 192.71.
The February numbers represent the highest monthly gain reported since the index rose 18.59 points from June 2013 to July 2013, said the Association of Gaming Equipment Manufacturers (AGEM) and research firm Applied Analysis LLC. They jointly compile the index.
The AGEM Index nonetheless remains down 0.43 points, or 0.2 percent, compared to a year ago.
In February, 11 of the 14 global gaming suppliers reported month-to-month gains in stock price, according to Thursday’s report.
Of the companies reporting gains, all but one were up by more than 5 percent, with Intralot SA and Scientific Games Corp reporting the greatest gains of 36.6 percent and 14.4 percent, respectively.
U.S.-based Crane Co reported a 9.7-percent rise in stock price last month, contributing 3.14 points to the index. International Game Technology (IGT) contributed 2.02 points, due to a 5.4-percent increase in stock price, while Aristocrat Leisure Ltd contributed 1.98 points.
Australia-based gaming equipment manufacturers Ainsworth Game Technology Ltd had a negative contribution by 0.79 points, due to a 15.3-percent decline in stock price. Daktronics Inc reported a stock price of US$10.23, down 17.4 percent, and contributed negative 0.65 points.
The AGEM 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.
Of the 14 gaming suppliers included in the index, nine are publicly-listed in the United States, while two trade on the main Australian exchange. One supplier trades on the Athens exchange in Greece, one trades on the Milan exchange in Italy, and another trades on the Taiwan OTC exchange.
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”We do not believe that reopening the advance notice nomination deadline [for board directors] is appropriate or justified”
Daniel Boone Wayson
Chairman of the Wynn Resorts board of directors