Welcome!

News Feed Item

Association of Gaming Equipment Manufacturers (AGEM) Releases April 2014 Index

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.

About AGEM
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.

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:

  • 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

Add to Digg Bookmark with del.icio.us Add to Newsvine

For More Information, Contact:
Marcus Prater
Executive Director
P.O. Box 50049, Henderson, NV 89016-0049
702.812.6932
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.