The AGEM Index climbed to 306.85 points in September, increasing by 20.46 points, or 7.1 percent, compared to August. The index posted an increase after contracting by 8.29 points in August 2016.
Compared to the same month a year ago, the AGEM Index reported an increase of 67.4 percent. It was the 12th 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 September, nine of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with three up by more than 10 percent.
Australia-based slot machine maker Aristocrat Leisure Ltd made a positive contribution of 6.16 points after reporting a share price increase of 4.7 percent in September. Japan’s Konami Corp contributed 5.71 points to the overall index, with its stock price up by 6.6 percent in September.
Galaxy Gaming Inc – a manufacturer of casino table game products with shares traded in the United States – reported a flat performance in September. Of the three manufacturers reporting decreases in stock price, payments technology specialist Crane Co contributed with a negative 0.89 points to the overall index, with its stock price down 2.0 percent.
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.
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 expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia