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
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom 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. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
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. ...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
SYS-CON Events announced today that StarNet Communications 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. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today Telecom Reseller has been named “Media 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. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...