• 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 slight monthly gain in June amid pandemic

Jul 08, 2020 Newsdesk Industry Talk, Latest News, World  


AGEM Index slight monthly gain in June amid pandemic

The AGEM Index for stocks of major casino equipment suppliers increased by 4.53 points in June to 407.41 points, a 1.1-percent gain from May. Judged year-on-year, June’s result was down 19.4 percent.

Six of the 13 firms on the index reported month-on-month stock price increases in June despite what the Association of Gaming Equipment Manufacturers (AGEM), which issues the indicator, described as “ongoing uncertainty about the global economy and the effects of the Covid-19 pandemic”.

The stock price of Aristocrat Leisure Ltd – the largest-single contributor to the index’s value in June  – nonetheless decreased by 0.9 percent sequentially, due to “the Australian dollar strengthening against the U.S. dollar”, said AGEM. Judged year-on-year, Aristocrat Leisure’s June stock price decreased by 17.0 percent.

AGEM Index June 2020

Crane Co – the second-largest individual contributor to June’s index – saw a 6.7 percent month-on-month increase in stock price, which led to an index contribution of 3.93 points. But the company’s stock price in that month declined by 28.7 percent year-on-year.

Most other constituent companies of the AGEM Index have also seen a double-digit year-on-year decrease in stock price during June.

In June, “all three major U.S. stock indices increased, as the Dow Jones Industrial Average grew by 1.8 percent and the S&P 500 grew by 1.7 percent,” noted the gaming sector trade body. The Nasdaq “experienced a gain of 6.0 percent” for the month, it added.

The AGEM Index is produced in association with Applied Analysis LLC, a Nevada-, U.S., -based research firm.


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

    Dec 07, 2020  

  • October AGEM Index dips 6.8pct m-o-m, 2.5pct y-o-y
    October AGEM Index dips 6.8pct m-o-m,...

    Nov 06, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Macau no guess if impact by China no CNY travel callMacau no guess if impact by China no CNY travel call January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us