|By Marketwired .||
|May 7, 2014 04:59 PM EDT||
LAS VEGAS, NV -- (Marketwired) -- 05/07/14 -- In April 2014, the AGEM Index reported a month-to-month decline for the second consecutive month. The composite index score of 181.49 during the month was down 5.20 points (-2.8 percent) compared to March 2014. The AGEM Index has now reported monthly declines in three of the first four months of the year. However, compared to a year ago, it remains up 22.04 points (+13.8 percent). In April, 13 of the 16 global gaming equipment manufacturers reported a decline in stock price, with nine companies witnessing a decline of more than five percent. Ainsworth Game Technology (AGI) was the only company to report a substantial month-to-month gain in stock price during the month.
The broader stock markets reported mixed results in April 2014. NASDAQ ended the month with a closing value of 4,114.56, which was down 2.0 percent from March 2014. Meanwhile, the S&P 500 and Dow Jones Industrial Average (DJIA) reported modest month-to-month gains during the period. The S&P 500 ended the month at 1,883.95, which represented an increase of 0.6 percent. Meanwhile, the DJIA reported a 0.7 percent increase, rising from 16,457.66 to 16,580.84.
Selected positive contributors to the April 2014 AGEM Index included the following:
- Ainsworth Game Technology (AGI) reported a stock price of AU$4.15 (+14.0 percent) and contributed 1.35 points.
- With a 2.2-percent increase in stock price to $72.73, Crane Co. (CR) contributed 0.69 points.
Selected negative contributors included the following:
- International Game Technology (IGT) contributed negative 2.41 points, due to its 10.7-percent decline in stock price to $12.55.
- Due to its stock price of EUR 21.14 (-4.1 percent), GTECH S.p.A. (GTK) contributed negative 1.12 points.
- Aristocrat Technologies (ALL) reported a stock price of AU$5.03 (-6.5 percent) and contributed negative 1.07 points.
---------------------------------------------------------------------------- Exchange: AGEM Symbol Stock Price At Month Index (Currency) End Percent Change Contribution ------------------------------------- Prior Prior Apr-14 Mar-14 Apr-13 Period Year ---------------------------------------------------------------------------- Ainsworth Game ASX: AGI Technology (AU$) 4.15 3.64 3.81 14.01 8.92 1.35 Aristocrat ASX: ALL Technologies (AU$) 5.03 5.38 3.94 (6.51) 27.66 (1.07) Astro Corp. Taiwan: 3064 (NT$) 39.95 45.20 38.75 (11.62) 3.10 (0.08) Bally NYSE: BYI Technologies (US$) 65.11 66.27 53.28 (1.75) 22.20 (0.32) Crane Co. NYSE: CR (US$) 72.73 71.15 53.83 2.22 35.11 0.69 Daktronics, Nasdaq: Inc. DAKT (US$) 13.02 14.39 9.99 (9.52) 30.33 (0.39) Gaming Partners Nasdaq: International GPIC (US$) 8.33 9.23 8.64 (9.75) (3.59) (0.05) Global Cash NYSE: GCA Access (US$) 6.60 6.86 7.13 (3.79) (7.43) (0.12) GTECH S.p.A. MILAN: GTK.MI (I (I) 21.14 22.05 19.36 (4.13) 9.19 (1.12) IGT NYSE: IGT (US$) 12.55 14.06 16.95 (10.74) (25.96) (2.41) INTRALOT S.A. ATHEX: INLOT (I (I) 2.09 2.31 2.08 (9.52) 0.48 (0.28) Konami NYSE: KNM (US$) 22.65 23.07 22.70 (1.82) (0.22) (0.43) Multimedia Nasdaq: Games MGAM (US$) 29.20 29.04 24.66 0.55 18.41 0.03 Scientific Games Nasdaq: Corporation SGMS (US$) 11.98 13.73 8.88 (12.75) 34.91 (0.93) Transact Nasdaq: Technologies TACT (US$) 10.69 11.49 7.51 (6.96) 42.34 (0.05) Wells-Gardner AMEX: WGA Electronics (US$) 1.71 1.86 2.12 (8.06) (19.34) (0.01) ---------------------------------------------------------------------------- Change in Index Value (5.20) AGEM Index Value: March 2014 186.68 AGEM Index Value: April 2014 181.49 ----------------------------------------------------------------------------
Earlier this year, Nevada and Delaware became the first two states to sign an online poker partnership. The Multi-State Internet Gaming Agreement will allow gamblers in Delaware and Nevada to log on to poker sites within their state and compete with each other for the same pot. Currently, the plan is to have revenues distributed to each state based on the number of players participating from that state. In addition, players will follow the laws and regulations of the state in which they are playing.
There is no timeline for when the states will launch interstate online poker sites because providers must work to synchronize their site platforms. However, proponents of the agreement hope that it will help states learn to work together to capitalize on the growing market. It is likely additional states will join once they legalize online gambling within their borders.
Since launching their online poker sites last year, revenues reported by operators in Nevada, Delaware and New Jersey have been somewhat disappointing. Nevada averaged roughly $850,000 per month in online gaming revenue in the past year. Meanwhile, Delaware reported its strongest results in March when it brought in about $206,800 in revenue. New Jersey reported $11.9 million in revenue in March. Analysts are now estimating the state will bring in about $34 million in tax revenue for the fiscal year ending June 30, 2014, as opposed to the $180 million predicted before the sites went live.
Despite generating lower-than-expected revenues, online gaming activity has been reporting significant month-to-month increases. In March, Delaware's revenue increased 25 percent when compared to February. New Jersey reported a 15.2-percent increase from February to March. In addition, many tourists have been coming to New Jersey in the hopes of playing online.
At least 10 states are currently considering the legalization of Internet gambling within their borders, including California, Colorado, Hawaii, Illinois, Iowa, Louisiana, Massachusetts, Mississippi, New York and Pennsylvania. Assuming these larger states legalize online gaming and join Delaware and Nevada in a multistate poker agreement, it is likely operators will benefit from an increased market reach.
It is somewhat unclear where online gambling is headed in the future. A bill was recently introduced that would restore a ban on the market, including in states where it is already legal. However, these types of proposals do not seem to be gaining much support with opponents arguing legalization should continue to be decided by individual states. Assuming a ban does not move forward, Internet gambling is likely to continue to be a growing market space, providing growth opportunities for gaming equipment manufacturers and technology firms.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 16 global gaming suppliers throughout the world. A total of 11 suppliers are based in the United States and are listed on the NYSE, Nasdaq, or AMEX, while two trade on the Australian exchange, one supplier trades on the Athens exchange, one trades on the Milan 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.
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, 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.
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:
- Ainsworth Game Technology
- Aristocrat Technologies
- Austrian Gaming Industries
- Bally Technologies
- Global Cash Access (GCA)
- GTECH S.p.A.
- International Game Technology (IGT)
- Intralot S.A.
- Konami Gaming
- Multimedia Games
- Scientific Games / WMS
- Video Gaming Technologies (VGT)
AGEM Silver Members: Action Gaming, American Gaming Systems (AGS), Aruze Gaming America, Casino Technology, Crane Payment Innovations (CPI), Gaming Partners International (GPI), JCM Global, Merkur Gaming, Ortiz Gaming, Suzo-Happ Group, TCSJohnHuxley, Wells-Gardner Electronics and Zitro.
AGEM Bronze Members: Abbiati Casino Equipment, Alfastreet, Astro Corp., Bingotimes Digital Technology, Cadillac Jack, Cammegh Limited, CG Technology (CGT), Cole Kepro International, Euro Games Technology (EGT), Galaxy Gaming, Gaming Support, Glory Global Solutions, Grand Vision Gaming, Incredible Technologies, Inspired Gaming, Interblock USA, ISMS, Iverson Gaming Systems, Jumbo Technology, Matsui Gaming Machine Co., Modern Gaming, NYX Gaming Group, Patriot Gaming & Electronics, Quixant Ltd., Reel Games, Table Trac and Win Systems.
AGEM Associate Members: 3M Touch Systems, Adlink Technology, Advantech-Innocore, A-Game Marketing, Arrow International, Atrient, British Group Interactive (BGI), Brown & Brown Insurance of Nevada, Camryn Industries, Carmanah Signs, Casino Enterprise Management, Cooper Levenson, Cybertec Gaming Systems, Daktronics, Digital Instinct, DiTronics Financial Services, DynaGraphic Printing, Eastsign International Limited, Eilers Research, Elite Gaming Technology, Esterline Interface Technologies, Eurocoin, Fantini Research, Fox Rothschild, FutureLogic, GameAccount Network, Gaming Capital Group, Gary Platt Manufacturing, Gasser Chair Company, Gemaco Inc., Genesis Interactive Technologies, GeoComply USA, Global Gaming Group (G3), Greenberg Traurig, Hanco Technologies, Howard & Howard, Impact Display Solutions, Intel, IPS, Ipsos, James Industries, JCS Technologies, Joingo, Jones Walker, KEY-BAK, Kontron, Lazcano Samano, Leap Forward Gaming, Lewis Brisbois Bisgaard & Smith, Lewis Roca Rothgerber, Lightstone Solutions, Litemax Technology, McGladrey LLP, Metalcraft, Outpost Creative, Portwell, Proforma GPS, Rainmaker, Regulatory Management Counselors (RMC), Renewable Creative, Rye Park Gaming, SCA Gaming, Sightline Payments, Southwest Manufacturing Solutions, Spin Games, Strategy9, StylGame USA, Talent Associates, The Bright Group, Tournament One, TOVIS, TransAct Technologies, Vantiv Gaming Solutions, Veridocs, Wells Fargo, Wrex Products and Young Electric Sign Company (YESCO).
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2587224
For More Information, Contact:
P.O. Box 50049, Henderson, NV 89016-0049
SYS-CON Events announced today that Machkey International Company will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Machkey provides advanced connectivity solutions for just about everyone. Businesses or individuals, Machkey is dedicated to provide high-quality and cost-effective products to meet all your needs.
Oct. 4, 2015 11:45 PM EDT Reads: 279
Clutch is now a Docker Authorized Consulting Partner, having completed Docker's certification course on the "Docker Accelerator for CI Engagements." More info about Clutch's success implementing Docker can be found here. Docker is an open platform for developers and system administrators to build, ship and run distributed applications. With Docker, IT organizations shrink application delivery from months to minutes, frictionlessly move workloads between data centers and the cloud and achieve 2...
Oct. 4, 2015 10:45 PM EDT Reads: 385
SYS-CON Events announced today that Interface Masters Technologies, provider of leading network visibility and monitoring solutions, will exhibit at the 17th International CloudExpo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading provider of high speed networking solutions focused on Gigabit, 10 Gigabit, 40 Gigabit and 100 Gigabit Ethernet network access and connectivity products. For over 20 ye...
Oct. 4, 2015 10:15 PM EDT Reads: 636
As enterprises capture more and more data of all types – structured, semi-structured, and unstructured – data discovery requirements for business intelligence (BI), Big Data, and predictive analytics initiatives grow more complex. A company’s ability to become data-driven and compete on analytics depends on the speed with which it can provision their analytics applications with all relevant information. The task of finding data has traditionally resided with IT, but now organizations increasingl...
Oct. 4, 2015 10:00 PM EDT Reads: 365
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect ...
Oct. 4, 2015 09:45 PM EDT Reads: 560
SYS-CON Events announced today that Agema Systems will exhibit at the 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Agema Systems is the leading provider of critical white-box rack solutions to data centers through the major integrators and value added distribution channels.
Oct. 4, 2015 08:30 PM EDT Reads: 619
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, ...
Oct. 4, 2015 08:00 PM EDT Reads: 354
While testing is often ignored when it comes to DevOps - it could be the most important aspect of achieving true DevOps success. Without rethinking automated testing from the ground-up, the entire DevOps productivity gain cannot be realized. Large tech companies build their own rapid test automation that runs in minutes across functional, performance, security and other tests. In his session at DevOps Summit, Kevin Surace, CEO of Appvance, will discuss how we learn from these real-world succe...
Oct. 4, 2015 08:00 PM EDT Reads: 395
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Oct. 4, 2015 07:15 PM EDT Reads: 220
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Oct. 4, 2015 07:00 PM EDT Reads: 342
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
Oct. 4, 2015 06:30 PM EDT Reads: 724
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
Oct. 4, 2015 06:30 PM EDT Reads: 484
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
Oct. 4, 2015 06:00 PM EDT Reads: 323
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Oct. 4, 2015 06:00 PM EDT Reads: 730
SYS-CON Events announced today that Key Information Systems, Inc. (KeyInfo), a leading cloud and infrastructure provider offering integrated solutions to enterprises, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Key Information Systems is a leading regional systems integrator with world-class compute, storage and networking solutions and professional services for the most advanced softwa...
Oct. 4, 2015 05:15 PM EDT Reads: 289