AGEM Index caps 2017 on a high

Casino Review Association of Gaming Equipment Manufacturers agem
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The AGEM Index experienced significant gains for the fourth month in a row during December 2017.

 

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The composite index closed the month at 516.79 points, a gain of 24.14 points, or 4.90 percent, when compared to November 2017.

The index allows for a look at the financial state of the global gaming industry from the supplier side.

The AGEM Index reported a year-over-year increase for the 27th consecutive month and has climbed 208.64 points, or 67.71 percent, since November 2016.

During the latest period, seven of the 12 global gaming equipment manufacturers reported month-to-month increases in stock price.

Five manufacturers reported decreases in stock price during the month, with all manufacturers posting single-digit increases and declines.

The three broader stock market indexes produced positive results in December. The S&P 500 reported a month-to-month increase of 0.98 percent to 2,673.61.

The Dow Jones Industrial Average increased 1.84 percent to 24,719.22, while the NASDAQ increased 0.43 percent during the period to 6,903.39.

Selected positive contributors to the December 2017 AGEM Index included the following:

▪ Aristocrat Leisure Limited (ASX:ALL) contributed 20.60 points due to a 9.22 percent increase in stock price to AU$23.70.

▪ Konami Corp. (TYO:9766) reported a 4.55 percent increase in stock price to ¥6,200 and contributed 4.48 points.

▪ Crane Co. (CR) contributed 3.26 points due to a 4.51 percent increase in stock price to $89.22.

Selected negative contributors included the following:

▪ With its stock price falling 3.56 percent to $26.51, International Game Technology PLC (IGT) contributed negative 2.61 points.

▪ Scientific Games Corporation (SGMS) reported a 2.56 percent decrease in stock price to $51.30, contributing negative 1.61 points.

 


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