After reporting month-to-month declines for three consecutive months, the AGEM Index reported a gain in June when compared to the previous month.
The composite index ended the month at 185.34, which is up 6.41 points, or 3.6 percent, from the prior period.
Compared to a year ago, the AGEM Index has increased by 26.69 points, a jump of 16.8 percent, said the Association of Gaming Equipment Manufacturers (AGEM) and research firm Applied Analysis LLC, which compile the index.
During June, six of the 17 global gaming equipment manufacturers tracked by the index reported month-to-month gains in stock price, with two up by more than 20 percent – International Game Technology (IGT), up 26.77 percent, and Scientific Games Corp, up 24.25 percent.
Of the 10 manufacturers that reported declines in stock price, two were down by more than 10 percent. GTech SpA dropped by 11.59 percent from the previous month and Wells-Gardner Electronics Corp posted a decline of 18.82 percent.
Galaxy Gaming Inc, a U.S.–based supplier of casino table games and electronic jackpot bonus systems, was added to the index in June.
The AGEM Index now comprises 17 global gaming suppliers throughout the world. A total of 12 suppliers are based and listed in the United States, while two trade on the Australian exchange, one supplier trades on the Athens exchange, one trades on the Milan exchange and another trades on the Taiwan exchange.
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 as of January 2005.
Jun 22, 2018Casino investor Landing International Development Ltd has told GGRAsia it considers it has a “legally-binding contract” for land in the Metro Manila area (pictured) in the Philippines for a...
Jun 22, 2018
Year-on-year decline in overall turnover recorded in 2017 by South Korea’s foreigner-only casinos