|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
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 2, 2015 10:00 PM EDT Reads: 678
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 2, 2015 07:15 PM EDT Reads: 219
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Aug. 2, 2015 06:00 PM EDT Reads: 1,127
SYS-CON Events announced today that HPM Networks 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. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 2, 2015 05:45 PM EDT Reads: 509
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 2, 2015 04:00 PM EDT Reads: 422
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 2, 2015 03:00 PM EDT Reads: 546
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 2, 2015 02:00 PM EDT Reads: 251
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 2, 2015 12:00 PM EDT Reads: 346
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Aug. 2, 2015 11:45 AM EDT Reads: 480
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Aug. 2, 2015 11:15 AM EDT Reads: 354
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 2, 2015 11:00 AM EDT Reads: 175
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Aug. 2, 2015 09:00 AM EDT Reads: 1,698
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Aug. 2, 2015 08:15 AM EDT Reads: 184
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 2, 2015 07:00 AM EDT Reads: 183
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 338