The AGEM Index climbed to 531.33 points in April, increasing by 26.18 points, or 5.18 percent, compared to March. The index posted an increase after contracting for two straight months.
Compared to the same month a year ago, the AGEM Index reported an increase of 43.02 percent. It was the 31st consecutive month of growth in year-on-year terms, said the Association of Gaming Equipment Manufacturers (AGEM).
AGEM produces the monthly index in association with research firm Applied Analysis LLC.
In April, six of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price.
U.S.-based Scientific Games Corp made a positive contribution of 18.38 points after reporting a share price increase of 28.13 percent in April. Australia-based slot machine maker Aristocrat Leisure Ltd reported an 11.47 percent increase in stock price in April, contributing 16.22 points to the overall index. International Game Technology Plc contributed 4.48 points to the overall index, with its stock price up by 5.76 percent last month.
Of the manufacturers reporting decreases in stock price, payments technology specialist Crane Co contributed with a negative 6.62 points to the overall index, with its stock price down 9.81 percent. Japan’s Konami Corp saw its stock price fall 3.76 percent in April, contributing with a negative 5.80 points.
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.
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”Our own consensus is that any newcomers to this [junket] sector should be corporatised, and should be financially sound and able to commit a higher guarantee deposit”
Kwok Chi Chung
President of junket trade body, the Macau Association of Gaming and Entertainment Promoters