Welcome!

News Feed Item

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

LAS VEGAS, NV -- (Marketwired) -- 06/09/14 -- The AGEM Index reported a month-to-month decline for the third consecutive month in May 2014. During the period, the index fell 2.56 points (-1.4 percent) compared to April 2014, reaching a composite index of 178.92. The index has now reported monthly declines in four of the first five months of the year. The latest performance is attributable to eight of the 16 global gaming equipment manufacturers witnessing declines in stock price in May 2014 when compared to April 2014. In addition, stock prices for two companies (IGT and INLOT) remained flat compared to the prior period. Of the six companies that witnessed month-to-month gains, two were up by more than five percent.

In contrast to the AGEM Index, the broader stock markets reported positive results in May. During the period, the Dow Jones Industrial Average witnessed a month-to-month increase of 0.8 percent, rising to 16,717.17. Meanwhile, the S&P 500 reported a closing value of 1,923.57, which was up 2.1 percent from April. NASDAQ witnessed the greatest month-to-month increase during the month, rising 3.1 percent from 4,114.56 to 4,242.62.

Selected positive contributors to the May 2014 AGEM Index included the following:

  • Global Cash Access (GCA) reported a stock price of $8.90 (+34.9 percent) and contributed 1.47 points.
  • Due to an increase in stock price of 5.6 percent to AU$5.31, Aristocrat Technologies (ALL) contributed 1.17 points.
  • Crane Co. (CR) contributed 0.60 points, due to its stock price of $74.11 (+1.9 percent).

Selected negative contributors included the following:

  • GTECH S.p.A. (GTK) contributed negative 2.19 points, due to its 4.5-percent decline in stock price to EUR 20.19.
  • Due to its stock price drop to $59.00 (-9.4 percent), Bally Technologies (BYI) contributed negative 1.57 points.



----------------------------------------------------------------------------
                   Exchange:
AGEM                 Symbol Stock Price At Month End Percent Change    Index
                            ----------------------------------------
                                                      Prior   Prior Contribu
                  (Currency)  May-14  Apr-14  May-13 Period   Year     -tion
----------------------------------------------------------------------------
Ainsworth Game      ASX: AGI
Technology             (AU$)  3.94    4.15    3.70   (5.06)   6.49    (0.40)
Aristocrat          ASX: ALL
Technologies           (AU$)  5.31    5.03    4.35    5.57    22.07     1.17
                Taiwan: 3064
Astro Corp.            (NT$)  40.20   39.95   38.50   0.63    4.42      0.01
Bally              NYSE: BYI
Technologies           (US$)  59.00   65.11   56.95  (9.38)   3.60    (1.57)
                    NYSE: CR
Crane Co.              (US$)  74.11   72.73   59.75   1.90    24.03     0.60
Daktronics,     Nasdaq: DAKT
Inc.                   (US$)  12.41   13.02   10.27  (4.69)   20.84   (0.18)
Gaming Partners Nasdaq: GPIC
International          (US$)  8.35    8.33    8.10    0.24    3.09      0.00
Global Cash        NYSE: GCA
Access                 (US$)  8.90    6.60    6.60    34.85   34.85     1.47
               MILAN: GTK.MI
GTECH S.p.A.           (EUR)  20.19   21.14   20.79  (4.49)  (2.89)   (2.19)
                   NYSE: IGT
IGT                    (US$)  12.55   12.55   17.88     -    (29.81)       -
                ATHEX: INLOT
INTRALOT S.A.          (EUR)  2.09    2.09    2.07      -     0.97    (0.06)
                   NYSE: KNM
Konami                 (US$)  22.73   22.65   24.47   0.35   (7.11)     0.08
Multimedia      Nasdaq: MGAM
Games                  (US$)  28.75   29.20   25.59  (1.54)   12.35   (0.09)
Scientific
Games           Nasdaq: SGMS
Corporation            (US$)  8.95    11.98   10.89  (25.29) (17.81)  (1.37)
Transact        Nasdaq: TACT
Technologies           (US$)  10.28   10.69   8.04   (3.84)   27.86   (0.02)
Wells-Gardner      AMEX: WGA
Electronics            (US$)  1.70    1.71    2.00   (0.58)  (15.00)  (0.00)
----------------------------------------------------------------------------
                                                     Change in Index
                                                               Value  (2.56)
                                                          AGEM Index
                                                        Value: April
                                                                2014  181.49
                                                          AGEM Index
                                                     Value: May 2014  178.92
----------------------------------------------------------------------------

Recent developments in the world of Internet and mobile gambling could mean potential changes within the gaming equipment manufacturing industry. Recent months have included a number of announcements generating increased investor speculation within the sector.

Most recently, Bally Technologies (BYI) announced plans to pay up to $100 million to acquire Dragonplay, an Israel-based social gaming firm that is considered one of the industry's top 10 grossing developers. The acquisition could potentially propel Bally Technologies to a more prominent position within the emerging social gaming industry, with the likes of International Game Technology (IGT) and Caesars Entertainment Corp. (CZR).

Gamblit Gaming recently announced that it has raised $12 million in funding for developing its own real-money gambling software. Based in Glendale, California, the company primarily operates as a gaming equipment and software manufacturer and is poised to bring the social and entertainment aspects of gaming to both the digital realm and the casino floor. In addition, Nevada gaming regulators recently provided preliminary approval for the firm to operate in the Silver State. Private equity firm American Capital (ACAS) invested the $12 million in Gamblit's technology in the hopes that the company's hardware and software will become commonplace and be the next step in the evolution of gaming products.

According to third-party studies, gaming customers aged 21 to 45 comprise a sizable segment of gaming population, but these younger, technically inclined individuals are looking for a new gaming experience. In addition to traditional companies, those like Gamblit are targeting that particular gaming space.

Social games that can be played on mobile devices, tablets, and PCs have become commonplace for much of the younger demographic, and companies are now looking to capitalize on this popularity by bringing similar software directly to the casino floor. For example, during its hearing with Nevada gaming regulators, Gamblit demonstrated a Scrabble-type game, similar to that found on popular social networking websites, combined with various slot machine features. The company believes these types of games will attract more customers to the casino floor by providing them with familiar games and a social environment.

The emerging social gaming market could bring a new slant for an already technologically advanced industry. As the traditional slot machine evolves to incorporate games popular to a wider demographic, casino operators and gaming equipment manufacturers will consider gaming and technology alternatives not only for their casino floors but their entire property.

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=2612151

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
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...