Sep 12, 2016 Newsdesk Industry Talk, Latest News  
The AGEM Index, which tracks the stock performance of the world’s major listed casino gaming equipment suppliers, posted a slight sequential decrease in August 2016, after gaining 34.67 points in July 2016.
In August the composite index stood at 286.40 at the close of the month, which represented a decrease of 8.29 points, or 2.8 percent, when compared to July 2016.
During the latest period, half of the 14 global gaming equipment manufacturers reported month-on-month increases in stock price, with three up by more than 10 percent. The balance of manufacturers reported sequential decreases in stock price during the month, with one declining by more than 10 percent.
Slot machine maker and lottery service provider International Game Technology Plc made a positive contribution of 5.41 points, due to a 9.2-percent increase in stock price, to US$22.83. Payments technology specialist Crane Co contributed 1.55 points to the overall index, with a stock price of US$64.32 (+3.2 percent).
Negative contributors to AGEM’s August index included: Australia-based slot machine manufacturer Aristocrat Leisure Ltd, with a negative 9.68 points, with its stock price down 5.3 percent, at AUD15.10 (US$11.39); Japan’s Konami Corp with a negative 6.21 points due to an 8.4-percent decline in stock price to JPY3,665.00 (US$35.76); and gaming machine and lottery services group Scientific Games Corp with a negative 2.08 points, via a stock price of US$8.25 (-22.6 percent).
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.
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”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”
Marco Sala
Executive chair of casino equipment supplier IGT