GGRAsia – Aristocrat, IGT help AGEM Index soar 13 pct in July

Aristocrat, IGT help AGEM Index soar 13 pct in July

Aug 09, 2016 Newsdesk Industry Talk, Latest News

The AGEM Index, which tracks the stock performance of the world’s major listed casino gaming equipment suppliers, posted a 13.3-percent month-on-month increase in July.

The composite index increased by 34.67 points from June, to end July at 294.68 points. This was the index’s sixth consecutive month-on-month gain.

The AGEM Index also reported a year-on-year increase for the ninth consecutive month, rising 92.78 points, or 46 percent, when compared to July 2015.

Last month, eight of the 14 global gaming equipment manufacturers tracked by the index reported monthly gains in stock price, with four up by more than 10 percent. Australia-based slot machine maker Aristocrat Leisure Ltd reported a share price increase of 15.5 percent in July, while U.S.-based International Game Technology Plc saw the price of its shares rise by 11.5 percent in month-on-month terms.

In the opposite direction, Galaxy Gaming Inc – a manufacturer of casino table game products with shares traded in the United States – saw its stock price decline by 6.5 percent month-on-month. Slot machine printer specialist TransAct Technologies Inc also recorded a share price loss of 4.5 percent for the period.

The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index, in association with research firm Applied Analysis LLC. The 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.

In July, AGEM announced that six new members had joined the organisation.