120 Views

Positive August performances detailed in latest AGEM Index

The Association of Gaming Equipment Manufacturers (AGEM) has released its latest monthly report into the stock performance of major listed casino equipment suppliers reportedly showing that those involved achieved a 50.7% year-on-year improvement for August to 145.26 points.

According to a report from GGRAsia, the most recent results contained in the AGEM Index report, which was prepared in partnership with research firm Applied Analysis LLC, represented a 23rd consecutive month of overall advances as the composite index at the close of August had risen by 1.82% when compared with July to 431.66 points.

AGEM is a non-profit international trade association that represents some of the world’s most prominent electronic gaming machine manufacturers and suppliers. It reportedly bases its AGEM Index study on a 100-point value recorded in January of 2005 and subsequently calculates current performance utilizing the month-end stock prices of firms weighted on an approximation of market capitalization after making adjustments for individual dividends and splits.

The AGEM Index investigation reportedly detailed that eight of the 13 global gaming machine suppliers covered had declared month-on-month upturns in the price of their stocks for August with three of these rising by in excess of 10%. The research purportedly moreover found that five firms had recorded single-digit decreases in their share values.

GGRAsia reported that Sydney-listed Aristocrat Leisure Limited was one of the biggest players in the sector after contributing 4.87 points to the AGEM Index for August thanks to a 4.65% boost month-on-month in the value of its stock to $16.97. Fellow Australian firm Ainsworth Game Technology Limited purportedly contributed 0.85 points for the 31-day month due to a 2.66% rise to $2.13.

In the United States, International Game Technology (IGT) was also a winner after reportedly accounting for 3.9 points of the August index increase due to a 6.99% swell month-on-month in the price of its shares to $20.37.

However, GGRAsia reported that Scientific Games Corporation subtracted 2.13 points from the AGEM Index for August after its share price fell by almost 5% month-on-month to $35.20. Similarly, Crane Co took 1.01 points off of the overall tally due to recording a 1.68% decrease in stock price to $74.23.

Positive August performances detailed in latest AGEM Index was last modified: September 13th, 2017 by Adam Morgan


Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Latest Posts

Partypoker announces Powerfest festival schedule with $35m up for grabs
Poker
218 views
Poker
218 views

Partypoker announces Powerfest festival schedule with $35m up for grabs

admin - October 30, 2017

From September 3rd to the 24th, online poker room partypoker will be offering members the chance to compete in the popular series known as Powerfest. This year’s…

New Hampshire Lottery’s online move worrying Massachusetts
Gaming Law & Legislation
315 views
Gaming Law & Legislation
315 views

New Hampshire Lottery’s online move worrying Massachusetts

admin - October 30, 2017

Lottery officials in Massachusetts have reportedly expressed concerns over New Hampshire’s recent legalization of keno along with the neighboring state’s plan to begin selling its own gambling…

New law passes allowing sports betting in Andalusia
Gaming Law & Legislation
163 views
Gaming Law & Legislation
163 views

New law passes allowing sports betting in Andalusia

admin - October 30, 2017

In Spain, the Andalusia Gambling Regulations have reportedly been approved by the Governing Council. The Regional Government expects the new gaming rules to raise about €1.65m a…

American Gaming Association study highlights the importance of tribal sector
Economy/Finance
184 views
Economy/Finance
184 views

American Gaming Association study highlights the importance of tribal sector

admin - October 27, 2017

A new investigation from the American Gaming Association trade group has discovered that the casino industry supports some 635,000 tribal jobs while having an economic impact worth…

Caesars subsidiary secures new $265 million add-on term loan facility
Economy/Finance
153 views
Economy/Finance
153 views

Caesars subsidiary secures new $265 million add-on term loan facility

admin - October 25, 2017

A little over two weeks after emerging from bankruptcy and the Caesars Entertainment Operating Company Incorporated arm of American casino giant Caesars Entertainment Corporation has announced that…

Tasmania announces plan to outlaw lottery betting
Gaming Law & Legislation
199 views
Gaming Law & Legislation
199 views

Tasmania announces plan to outlaw lottery betting

admin - October 24, 2017

New legislation is reportedly rapidly being written by the Tasmanian Government to ban lottery betting on the island state off Australia’s south coast. In what has been…

Reminder for PKR.com customers: PokerStars has your back
Poker
200 views
Poker
200 views

Reminder for PKR.com customers: PokerStars has your back

admin - October 21, 2017

Players who found their funds locked up in administration when PKR.com went bust can get their money from PokerStars. In early May the pioneering PKR.com was removed…

Partypoker to offer double guarantee with Title Fight beginning in October
Poker
186 views
Poker
186 views

Partypoker to offer double guarantee with Title Fight beginning in October

admin - October 19, 2017

At partypoker, players of the online poker site have a plethora of gaming options to choose from. Cash gaming, tournaments and promotions are all on offer. As…

Enrique Razon offloads 3.18% of Bloomberry Resorts Corporation
Economy/Finance
207 views
Economy/Finance
207 views

Enrique Razon offloads 3.18% of Bloomberry Resorts Corporation

admin - October 18, 2017

In the Philippines, billionaire businessman Enrique Razon has reportedly earned approximately $74.58 million after selling off 3.18% of his stake in local casino operator Bloomberry Resorts Corporation.…

Sands China and MGM China Holdings contribute to Typhoon Hato relief efforts
Macau
144 views
Macau
144 views

Sands China and MGM China Holdings contribute to Typhoon Hato relief efforts

admin - October 15, 2017

Last week, Macau was in the path of Typhoon Hato, a massive tropical storm that ripped through the area damaging casino resorts, homes and businesses. The storm…