LAS VEGAS, Oct. 08, 2018 (GLOBE NEWSWIRE) -- The AGEM Index decreased in September 2018, finishing the month at 493.03 points, a decline of 28.48 points, or 5.46 percent, compared to August 2018. The AGEM Index reported a year-over-year increase for the 36th consecutive month and has climbed 35.12 points, or 7.67 percent, since September 2017.
During the latest period, six of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Seven manufacturers reported decreases in stock price during the month.
The three major stock market indices saw gains during the month. The S&P 500 reported a month-to-month increase of 0.43 percent to 2,913.98. The Dow Jones Industrial Average grew 1.90 percent to 26,458.31, while the NASDAQ decreased 0.78 percent during the period to 8,046.35.
Positive contributors to the September 2018 AGEM Index included the following:
- Crane Co. (CR) contributed 7.12 points due to a 7.75 percent increase in stock price to $98.35.
- Everi Holdings Inc. (EVRI) reported a 5.77 percent increase in stock price to $9.17, contributing 0.58 points.
Selected negative contributors included the following:
- With its stock price falling 9.97 percent to AU$ 28.44, Aristocrat Leisure Limited (ASX: ALL) contributed negative 19.90 points.
- Konami Corp. (TYO: 9766) reported a 4.40 percent decrease in stock price to ¥4,450, contributing negative 5.52 points.
Infographics accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/0f59be0f-1633-4ce0-86a5-8e8610447b05
http://www.globenewswire.com/NewsRoom/AttachmentNg/01b12f81-b1d3-4be5-9e1f-fdb68e730d22
September 2018 has been a fairly active month for companies in the AGEM Index. PlayAGS Inc. (AGS) capped off the month by establishing a three-year marketing partnership with the Vegas Golden Knights of the National Hockey League. This partnership is the first of its kind in the United States between a major American sports franchise and a gaming equipment manufacturer. An example of a marketing initiative under this partnership is the “AGS Play of the Game,” which will show the top highlight of all preseason, regular and playoff games on the video screen above center ice. In addition to this partnership, PlayAGS Inc. installed its first Class II tribal Orion Slant cabinets at the Poarch Band of Creek Indians’ casinos in Atmore, Montgomery and Wetumpka, Alabama.
International Game Technology PLC (IGT) recently announced its partnership with William Hill US to bring sports betting to lotteries in the United States. The end product of the agreement is that the two organizations will produce a complete sports betting solution for state lotteries. Since the overturning of the Professional and Amateur Sports Protection Act (PASPA) in June, four states have implemented legal sports betting, and a number of other states are considering legalized sports betting. Besides this partnership, IGT also came to an agreement with the Mississippi Band of Choctaw Indians to provide its PlayShot digital sports betting solution to three tribal casinos in Mississippi.
Scientific Games Corporation (SGMS) was also active during September. The company announced its installation of a number of products at the Hard Rock Hotel & Casino Atlantic City, including beverage management, game accounting and a number of slot and table games. Scientific Games also announced an extension of its contract with the state of Washington’s lottery to provide instant games, licensed brands and servicing. The contract runs into 2024 and continues a long-standing relationship that Scientific Games has had with the Washington Lottery since 1982. As part of the scope of the extended contract, Scientific Games will create a mobile app for Washington Lottery players, as well as a player loyalty program.
Agilysys Inc. (AGYS) released the newest version of its DataMagine software in September 2018. DataMagine is the company’s document management solution, which utilizes strong security frameworks to capture records permanently on an on-demand basis. The document management software has a flexible imaging module that integrates with most business applications. Additional features of the software include individual permission management, simultaneous access to stored documents and remote access to protected data. Also included are updates to the email service, which include automatic re-sendings of approval emails and adding notes to documents.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world. A total of eight suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005.
About AGEM
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
AGEM Index
The AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide range of services, including urban economic consulting, financial advisory services, market analysis, public policy analysis, hospitality industry and gaming consulting, and information system and technology consulting.
AGEM Membership Roster
AGEM Gold Members: AGS, Ainsworth Game Technology, Aristocrat Technologies, Everi, International Game Technology (IGT), Konami Gaming, Merkur Gaming, NOVOMATIC Group, Scientific Games and Sega Sammy Creation.
AGEM Silver Members: Action Gaming, Aruze Gaming America, Betson Enterprises, Casino Technology, Crane Payment Innovations (CPI), Gaming Partners International (GPI), Inspired Gaming, JCM Global, Ortiz Gaming, Quixant PLC, Suzo-Happ Group, TCSJohnHuxley, TransAct Technologies and Zitro.
AGEM Bronze Members: Abbiati Casino Equipment, Ace Systems Mx, Alfastreet, Amatic Industries, APEX gaming, Atlas Gaming, Astro Corp., BetConstruct, Bingotimes Digital Technology, Cammegh Limited, Century Gaming Technologies, CG Technology (CGT), Cole Kepro International, DR Gaming Technology (DRGT), Euro Games Technology (EGT), Exacta Systems, FBM, Galaxy Gaming, Gamblit Gaming, GameCo, Gaming Arts, Gaming Support, Glory Global Solutions, Grand Vision Gaming, Incredible Technologies, Interblock USA, Jackpot Digital, Jumbo Technology, Matsui Gaming Machine Co., Metronia, Patriot Gaming & Electronics, PDS Gaming, RCT Gaming, Spintec, Table Trac, Weike Gaming Technology, Wells-Gardner Technologies, Win Systems and Worldpay Gaming.
AGEM Associate Members: 3M Touch Systems, Adlink Technology, Advantech-Innocore, Agilysys, ArdentSky, Arrow International, Asimex Global, Atrient, Automated Cashless Systems, Automated Systems America, Inc. (ASAI), Axiomtek, BDO USA, British Group Interactive (BGI), Capco, Carmanah Signs, Catapult Global, CDC Gaming Reports, CMC Trading Engineering (International) Ltd, Comer Holdings, Comtrade Gaming, Cooper Levenson, Deloitte LLP, Digital Instinct, DiTronics Financial Services, Dominode, Duane Morris LLP, E4 Gaming, EFCOtec Corporation, Eilers & Krejcik Gaming, Elite Gaming Technology, Fantini Research, Finnegan, Henderson, Farabow, Garrett & Dunner, Fox Rothschild, G2 Game Design, Gambling Compliance, Gamesman, Gaming Capital Group, GAN, Ganlot, Gary Platt Manufacturing, Gasser Chair Company, Genesis Interactive Technologies, GET IN Global, Global Gaming Business (GGB) Magazine, Global Gaming Group (G3), Greenberg Traurig, GSL Gaming Group, House Advantage, Howard & Howard, Impact Display Solutions, Intel, IPS, James Industries, James Industry Research Group, Jones Walker, JP Morgan Chase, KEY-BAK, Kiron Interactive, Kontron, Lazcano Sámano, Lewis Roca Rothgerber Christie, Lightstone Solutions, Majestic Realty, Millennial Esports, NanoLumens, Nanoptix, Olsen Gaming / Spectronix, Outpost Creative, Patir Casino Seating, Plus Studios, Portilla Ruy-Díaz y Aguilar, Posiflex Business Machines, Proforma GPS, Regulatory Management Counselors (RMC), Rising Digital, RMMC, RSM US LLP, SAP, SCA Gaming, Sightline Payments, Southco, Southwest Manufacturing Services, Spin Games, StylGame USA, Taft Stettinius & Hollister, Talent Associates, The Bright Group, The United States Playing Card Company, Touch Dynamic, Tournament One, TOVIS, TraffGen USA, Veridocs, Wells Fargo, Young Electric Sign Company (YESCO) and Zebra Technologies.