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AGEM Index Improves Slightly In April

AGEM Index Improves Slightly In April
AGEM Index Improves Slightly In April

AGEM (Association of Gaming Equipment Manufacturers) has released its report for April, and the gaming manufacturers’ association index has improved a bit in April.

While the AGEM index slipped 10.5 percent year-on-year in March, it seems to indicate recovery as it increased slightly from the previous month figure.

The latest AGEM report reveals that the share prices of the top casino gaming equipment manufacturers increased 23.89 points to 476.35 points in April when compared with the previous month.

While the share prices rose by 5.3 percent in April, it was still 10.3 percent less than what it was for the same period, the previous year.

Earlier this year, a 0.15 point increase in the AGEM Index of prices of shares in makers of gaming equipment was recorded for the month of February. The AGEM Index of prices of shares in makers of gaming equipment in February recorded 463.73 points which was a 0.03% increase from the previous month.

The major contributor to the increasing Index figures for the month of April was Aristocrat Leisure Ltd. The company’s share prices increased by a significant 6.4 percent in April. This 6.4 percent increase added 9.8 points to the AGEM’s Index in April.

Another major contributor was the International Game Technology Plc (IGT). IGT’s share prices increased by 12.6 percent adding 5.54 positive points to the AGEM index. Top losers were, Agilysys and Everi Holdings whose share prices dropped Agilysys 9.6 percent and 2.2 percent month-over-month, respectively.

AGEM, a non-profit organization, represents 170 companies spread across 22 countries. The AGEM index is compiled by Applied Analysis, a US-based market research firm.

The AGEM Index represents the stock prices of the major companies operating in the global gaming equipment manufacturing sector – as such it also indicates at the trends and industry performance every month.

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About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

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