May 06, 2020 Newsdesk Industry Talk, Latest News, World  
The AGEM Index increased by 63.52 points in April, to 376.04 points, a 20.3 percent gain from March.
Eleven of the 13 AGEM Index companies reported “significant stock price increases as global markets began to rebound from the shocks due to the Covid-19 pandemic,” said the Association of Gaming Equipment Manufacturers (AGEM), which issues the indicator.
March’s AGEM Index had seen a sequential contraction of 33.4 percent. In April by contrast, “all three major U.S. stock indices increased as the Dow Jones Industrial Average and the S&P 500 experienced monthly gains of 11.1 percent and 12.7 percent, respectively,” stated the trade body. “The Nasdaq also experienced a gain of 15.5 percent,” it added.
Nonetheless AGEM said the index of stock prices for major publicly-listed makers of gaming equipment was 21.1 percent lower in April than a year earlier. The trade body produces the monthly AGEM Index in association with research firm Applied Analysis LLC.
Judged month-on-month, the stock price for Australia-listed slot machine maker and online games provider Aristocrat Leisure Ltd increased by 19.4 percent. Judged year-on-year, the group’s stock was down 2.3 percent.
Gaming equipment and lottery services provider International Game Technology Plc (IGT) experienced a 26.7 percent stock price jump sequentially in April. Judged year-on-year, the group’s stock was down 48.5 percent.
Everi Holdings Inc, a U.S.-based specialist in cash handling technology and electronic game content for the casino industry, saw its stock rise 50.0 percent sequentially. Share price was down 51.9 percent year-on-year.
Transact Technologies Inc, a provider of slot machine ticket printers, player management software and food safety management technology, saw its stock up 36.7 percent month-on-month, but slip 54.9 percent from April a year earlier.
Japan-listed Konami Holdings Corp saw its share price up 2.7 percent compared to March, but down 32.7 percent year-on-year.
AGEM represents manufacturers supplying the gaming sector with electronic gaming machines, systems, lotteries and components. 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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Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
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”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”
Sherwin Gatchalian
Chairman of the Committee on Ways and Means of the Senate of the Philippines