• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

AGEM Index posts slight increase in June

Jul 11, 2016 Newsdesk Industry Talk, Latest News, Top of the deck  


AGEM Index posts slight increase in June

The AGEM Index, which tracks the stock performance of the world’s major listed casino gaming equipment suppliers, posted a modest increase for the month of June. The composite index increased by 4.67 points from May, to end June at 260.01 points, up by 1.83 percent month-on-month.

During last month, 11 of the 14 global gaming equipment manufacturers tracked by the index reported month-on-month declines in stock price, with five down by more than 10 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.

In a press release, AGEM stated that the June stock performance of several companies tracked by the index was negatively affected by the United Kingdom’s vote to leave the European Union.

“The broader stock markets reported mixed results in June 2016 largely due the recent British [vote to] exit from the European Union, which has rattled international and domestic markets,” said the association.

AGEM Index, June 2016

During June three gaming suppliers posted month-on-month stock price increases, including Australia-listed slot machine supplier Aristocrat Leisure Ltd (+7.3 percent), which contributed with about 8.25 points for the index’s overall increase.

Galaxy Gaming Inc (+19.2 percent), a manufacturer of casino table game products with shares traded in the United States, and U.S.-based Gaming Partners International Corp (+3.2 percent) each contributed with about 0.03 points for the index’s increase in June.

The AGEM Index reported a year-on-year increase for the eighth consecutive month, rising by 67.7 points, or 35.2 percent, when compared to June 2015.

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.


  • tweet
Related articles
  • AGEM announces board of directors for 2021
    AGEM announces board of directors for...

    Jan 14, 2021  

  • November AGEM Index up 28pct m-o-m, 17pct y-o-y
    November AGEM Index up 28pct...

    Dec 07, 2020  

More news
  • Casino op MGM China to pay most staff discretionary bonus
    Casino op MGM China to pay most staff...

    Jan 18, 2021  

  • Casino op Silver Heritage to issue 53mln new shares
    Casino op Silver Heritage to issue...

    Jan 18, 2021  


Latest News

Casino op MGM China to pay most staff discretionary bonus

Casino op MGM China to pay most staff discretionary bonus

Jan 18, 2021  

Macau casino operator MGM China Holdings Ltd announced on Monday that it was to pay a “discretionary bonus” to “eligible non-management” staff, adding that “over 90 percent” of its...
Read More
Casino op Silver Heritage to issue 53mln new shares

Casino op Silver Heritage to issue 53mln new shares

Jan 18, 2021  

Grand Korea extends Seoul, Busan casino closures to Feb 1

Grand Korea extends Seoul, Busan casino closures to Feb 1

Jan 18, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The most worrying [thing] is whether [mainland] China will again tighten the issuance of travel visas [for visits to Macau]"

Luiz Lam Kai Kuong

Macau junket investor



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Police find US$11m of missed Landing cash, suspects soughtPolice find US$11m of missed Landing cash, suspects sought January 14, 2021
  • Still Asia focus for LVS post chairman death: BernsteinStill Asia focus for LVS post chairman death: Bernstein January 14, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Melco Resorts debt/EBITDA ratio to worsen in 2021: Moody’sMelco Resorts debt/EBITDA ratio to worsen in 2021: Moody’s January 14, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us