GGRAsia – Aristocrat, Konami help AGEM Index jump 13 pct in May

Aristocrat, Konami help AGEM Index jump 13 pct in May

Jun 10, 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 12.7-percent month-on-month increase in May.

The composite index increased by 28.83 points from April, to end May at 255.34 points.

This was the index’s fourth consecutive month-on-month gain.

The AGEM Index also reported a year-on-year increase for the eighth consecutive month, rising 58.36 points, or 29.6 percent, when compared to May 2015.

Last month, 10 of the 14 global gaming equipment manufacturers tracked by the index reported monthly gains in stock price, with two up by more than 10 percent. Australia-based slot machine maker Aristocrat Leisure Ltd reported a share price increase of 28.6 percent in May, while large-cap Japan-listed Konami Corp posted a 22.3 percent increase for the period.

U.S.-based International Game Technology Plc also reported a strong stock performance in May: the price of its shares rose by 9.3 percent in month-on-month terms.

In the opposite direction, Everi Holdings Inc – a specialist in cash handling technology – saw its stock price decline by nearly 14.9 percent month-on-month. Slot machine printer specialist TransAct Technologies Inc also recorded a share price loss of almost 15 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.