An index that tracks the monthly stock values of 13 publicly traded gaming equipment companies showed a year-over-year increase for the 21st straight month during June.
The AGEM Index reached a record high of 421.95 points at the end of the month – an 8.1 percent hike – as 10 of 13 global gaming equipment companies reported month-to-month increases in their stock values.
Las Vegas-based financial advisor Applied Analysis produces the monthly index on behalf of the Association of Gaming Equipment Manufacturers.
In the report, Applied Analysis said the AGEM Index had better month than the mixed results reported by broader stock markets. The S&P 500 reported a less than 1 percent increase in June while the Dow Jones Industrial Average grew 1.7 percent. The NASDAQ declined 1.4 percent.
Five of the gaming equipment manufactures saw their stock prices increase more than 10 percent in June, led by Gaming Partners International (GPIC: NASDAQ), which was up 20.77 percent. Konami Corp. (Tokyo Exchange) increased 14.71 percent, Scientific Games Corp. (SGMS: NASDAQ) was up 13.79 percent, Intralot S.A. (Athens) grew 11.11 percent, and Everi Holdings (EVRI: NYSE) showed a 10.61 percent increase in its stock value.
Applied Analysis said Scientific Games unveiled two new slot machine cabinets during June and made its initial entry into the skill-based slot machine market through its “Space Invaders” game. The slot machine is a throwback to the 1978 arcade game. The game is being deployed in Atlantic City.
Everi announced plans in June for a new game in partnership with Warner Bros. Consumer Products. The slot machine is based on the classic 1942 film “Casablanca,” starring Humphrey Bogart and Ingrid Bergman. The game marks the first themed offering for the company’s wide-area progressive link for Class II markets.
A copy of the AGEM Index can be obtained by contacting AGEM or Applied Analysis.
