The Association of Gaming Equipment Manufacturers (AGEM) has released its latest Index, which shows a slight decline in June 2018.
The composite index finished the month at 546.37 points, a decline of 7.69 points or 1.39 percent, compared to May 2018. The AGEM Index reported a year-over-year increase for the 33rd consecutive month and has climbed 124.41 points, or 29.49 percent, since June 2017.
During the latest period, five of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Eight manufacturers reported decreases in stock price during the month.
The major stock market indices outperformed the AGEM Index during the month. The S&P 500 reported a month-to-month increase of 0.48 percent to 2,718.37. The Dow Jones Industrial Average decreased 0.59 percent to 24,271.41, while the NASDAQ increased 0.92 percent during the period to 7,510.30.
Infographics accompanying the Index are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/e49b2577-5a34-48e5-bd17-7977c913bb92
http://www.globenewswire.com/NewsRoom/AttachmentNg/e49b2577-5a34-48e5-bd17-7977c913bb92
Scientific Games Corporation (SGMS) achieved a number of milestones during the month of June. First, Scientific Games announced that it would be implementing the Delaware Lottery’s expansion into full-scale sports betting in the wake of the U.S. Supreme Court’s decision in May that overturned the federal ban on legalized sports wagering. Prior to the ruling, Scientific Games had offered limited betting in Delaware in compliance with the state’s partial exemptions from federal law. Scientific Games also won “Best Casino Platform Supplier” at the 2018 EGR North America Awards. EGR North America is the North American branch of EGR, the leading news and market research platform for online gaming companies. Scientific Games won on the strength of its Open Gaming System and its Open Platform System, which bring a robust library of over 2,000 games and top-of-the-line technology to gamers.
Everi Holdings Inc. (EVRI) extended its multi-year development and distribution agreement with GAN PLC. The agreement calls for the development and distribution of 10 online slot games. Three of these games will be upgraded versions of existing online games (Total Meltdown, Carnival in Rio and Starry Night) and will be adapted to HTML 5 Client Applications. HTML 5 is the fifth version of the HTML web language used to code webpages. The other seven new games will be developed in HTML 5.
During the month of June, Konami Corp. (TYO: 9766) released its financial results for its fiscal year 2018 ending in March 2018. During FY18, Konami’s total revenues increased 4.2 percent, growing from ¥229.9 billion in FY17 to ¥239.5 billion in FY18. Operating profits during FY18 were a record high, growing from ¥36.4 billion in FY17 to ¥45.2 billion in FY18. Operating profit margins were also strong, increasing by 3.1 percent during FY18, growing from 15.8 percent in FY17 to 18.9 percent in FY18. A key development in FY18 for Konami’s Gaming and Systems Division was that Carnival Corporation & plc selected Konami’s SYNKROS system to be implemented across its entire fleet of more than 100 ships. The SYNKROS system provides real-time slot machine data management, customer information and accounting systems. The system is also capable of providing data analytics for casino operators.
During June, PlayAGS Inc. (AGS) acquired Gameiom Technologies Limited, a United Kingdom-based iGaming aggregation service that will help PlayAGS launch an iGaming division. It will also help distribute AGS games and sports-betting integration to operators. AGS completed the acquisition of Gameion for $5 million in cash, and it intends to retain Gameion’s senior leadership to facilitate the acquisition process.
