Oct 08, 2020 Newsdesk Industry Talk, Latest News
The AGEM Index for stocks of major listed casino equipment suppliers around the world rose to 530.87 points in September, 10.1 percent higher on the prior month, showed a written statement released on Wednesday.
The Association of Gaming Equipment Manufacturers (AGEM) said the index was 6.0 percent higher than a year earlier.
Five of the 13 companies making up the index reported stock price increases last month, “despite downward trends in major U.S. stock indices in September,” said AGEM.
The trade body said the September index growth was largely driven by a 68.7-percent increase in the stock price of casino equipment maker and lottery services provider Scientific Games Corp, accounting for a 37.05-point improvement in the AGEM Index.
Japan-listed Konami Holdings Corp experienced a 11.1 percent stock-price jump from August, accounting for a 10.87-point improvement in the indicator, said AGEM.
The AGEM Index is produced in association with Applied Analysis LLC, a Nevada-, U.S.-based research firm.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries and components for the gaming industry. The association began compiling data for the index in January 2005 using a base of 100 points. The stocks that constitute the AGEM Index are weighted by approximate market capitalisation.
In September, the trade body said it had reached a new milestone for the size of its membership, with the addition of six organisations, taking the tally to 184.
Mar 07, 2023
Feb 06, 2023
Apr 01, 2023
Mar 31, 2023
Apr 01, 2023Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Mar 31, 2023
(Click here for more)
”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”
Casino investor LET Group
On the development of a casino hotel in Manila, the Philippine capital