The latest news on the gaming industry in Asia

AGEM Index up 3.8 pct m-o-m in August

Sep 10, 2014 Industry Talk, Latest News, Top of the deck  

AGEM Index up 3.8 pct m-o-m in August

The AGEM Index rebounded in August after reporting a 0.9-percent month-to-month decline in July. The composite index ended August at 190.58 points, which represents a gain of 6.97 points, or 3.8 percent, when set against the prior period.

Compared to a year ago, the AGEM Index was up 5.7 percent, said the Association of Gaming Equipment Manufacturers (AGEM) and research firm Applied Analysis LLC, which jointly compile the index.

In August, seven of the 17 global gaming equipment manufacturers tracked by the index reported monthly increases in stock price, with four witnessing substantial gains of more than 15 percent – Bally Technologies Inc (+31.78%), Daktronics Inc (18.56%), Multimedia Games Holding Co Inc (15.30%) and Scientific Games Corp (18.85%).

Of the 10 manufacturers that reported a decline in stock price, two were down by more than 10 percent, namely Ainsworth Game Technology Ltd (-10.88%) and Transact Technologies Inc (-13.54%).

79099_AGEM

Broader stock markets reported similar month-to-month growth to the AGEM Index in August, with the Dow Jones Industrial Average, S&P 500 and NASDAQ all posting month-on-month increase above three 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 as of January 2005.

Of the 17 gaming suppliers included in the index, 12 are 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 OTC exchange.

Related articles
More news

Latest News

No Macau op yet asked GGR tax rate exemption: govt

No Macau op yet asked GGR tax rate exemption: govt

Jun 09, 2023  

None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable...
Read More
IGT casino, digital biz listing has potential: analyst

IGT casino, digital biz listing has potential: analyst

Jun 09, 2023  

Pick of the Day

”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”

Marco Sala
Executive chair of casino equipment supplier IGT