The AGEM Index, which tracks the stock performance of listed firms in the casino equipment supply sector, reached a record high in April.
The composite index stood at 371.5 points at the close of April, an increase of 10.22 points – or 2.8 percent – compared to March, continuing a growth trend started in December 2016.
The AGEM Index reported a year-on-year increase for the 19th consecutive month, rising 145.0 points – or 64.0 percent – when compared to April 2016.
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index in association with research firm Applied Analysis LLC.
During the April 2017 reporting period, nine of the 13 global gaming equipment manufacturers tracked by the index reported month-on-month increases in stock price. The price of two stocks was up by more than 10 percent month-on-month: New York Stock Exchange-listed Everi Holdings Inc, a U.S.-based specialist in cash handling technology and electronic game content for the casino industry, recorded a 32.6-percent jump in stock price; Taiwanese slot-machine maker Astro Corp reported a share price increase of 26.7 percent for the period.
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.
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.
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"I am not going to speculate on what the [casino licence refreshment] tender requirements would be. I have full confidence and faith in the Macau government to treat everyone fairly"
Wilfred Wong Ying Wai
President and chief operating officer of Macau-based casino operator Sands China