Welcome!

News Feed Item

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

LAS VEGAS, NV -- (Marketwired) -- 07/08/14 -- After reporting month-to-month declines for three consecutive months, the AGEM Index reported a gain in June of 2014 when compared to May 2014. The composite index ended the month at 185.34, which is up 6.41 points (+3.6 percent) from the prior period. Compared to a year ago, the AGEM Index has increased by 26.69 points (+16.8 percent). During June, six of the 17 global gaming equipment manufacturers reported month-to-month gains in stock price, with two up by more than 20 percent. Of the 10 manufacturers that reported declines in stock price, four were down by more than five percent. One manufacturer, Global Cash Access (GCA), reported no change when compared to May 2014. Note, Galaxy Gaming, Inc. (GLXZ) was added to the index this month.

The broader stock markets also reported positive performances in June 2014. The Dow Jones Industrial Average ended the month at 16,826.60, up 0.7 percent from May 2014. Meanwhile, the S&P 500 reported a month-to-month gain of 1.9 percent, rising to 1,960.23. NASDAQ witnessed the greatest monthly increase of the three, rising 3.9 percent to 4,408.18.

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

  • With a stock price of $15.91 (+26.8 percent), International Game Technology (IGT) contributed 7.30 points.

  • Bally Technologies (BYI) contributed 2.04 points, due to an 11.4-percent increase in stock price to $65.72.

  • Due to a stock price of $11.12 (+24.3 percent), Scientific Games Corporation (SGMS) contributed 1.58 points.

Selected negative contributors included the following:

  • GTECH S.p.A. (GTK) reported a stock price of EUR 17.85 (-11.6 percent) and contributed negative 3.53 points.

  • Konami (KNM) contributed negative 0.53 points, due to its 2.4-percent decline in stock price to $22.18.

----------------------------------------------------------------------------
                 Exchange:  Stock Price At MonthPercent Change
AGEM               Symbol           End                                Index
                           -----------------------------------
                 (Currency)                      Prior  Prior   Contribution
                            Jun-14 May-14 Jun-13 Period  Year
----------------------------------------------------------------------------
Ainsworth Game     ASX: AGI
 Technology           (AU$)  3.74   3.94   4.03  (5.08) (7.20)    (0.36)
Aristocrat         ASX: ALL
 Technologies         (AU$)  5.26   5.31   4.28  (0.94) 22.90     (0.07)
Astro Corp.         Taiwan:
                 3064 (NT$) 39.45  40.20  35.90  (1.87)  9.89     (0.01)
Bally             NYSE: BYI
 Technologies         (US$) 65.72  59.00  56.42  11.39  16.48      2.04
Crane Co.          NYSE: CR
                      (US$) 74.36  74.11  59.92   0.34  24.10      0.10
Daktronics, Inc.    Nasdaq:
                 DAKT (US$) 11.92  12.41  10.26  (3.95) 16.18     (0.14)
Galaxy Gaming      OTCMKTS:
 Inc.            GLXZ (US$)  0.45   0.48   0.29  (6.25) 55.17        -
Gaming Partners     Nasdaq:
 International   GPIC (US$)  8.16   8.35   7.90  (2.28)  3.29     (0.01)
Global Cash       NYSE: GCA
 Access               (US$)  8.90   8.90   6.26    -    42.17        -
GTECH S.p.A.         MILAN:
                GTK.MI (EUR
                          ) 17.85  20.19  19.23 (11.59) (7.18)    (3.53)
IGT               NYSE: IGT
                      (US$) 15.91  12.55  16.71  26.77  (4.79)     7.30
INTRALOT S.A.        ATHEX:
                 INLOT (EUR
                          )  2.02   2.09   1.80  (3.35) 12.22     (0.12)
Konami            NYSE: KNM
                      (US$) 22.18  22.73  21.15  (2.42)  4.87     (0.53)
Multimedia Games    Nasdaq:
                 MGAM (US$) 29.64  28.75  26.07   3.10  13.69      0.19
Scientific Games    Nasdaq:
 Corporation     SGMS (US$) 11.12   8.95  11.25  24.25  (1.16)     1.58
Transact            Nasdaq:
 Technologies    TACT (US$) 10.36  10.28   8.17   0.78  26.81      0.00
Wells-Gardner     AMEX: WGA
 Electronics          (US$)  1.38   1.70   1.81 (18.82)(23.76)    (0.02)
----------------------------------------------------------------------------
                                                                   6.41
                                                                  178.92
                                                                  185.34
----------------------------------------------------------------------------

The equipment manufacturing sector continues to monitor shifting market dynamics on the East Coast. The casino industry in Atlantic City, New Jersey has been facing challenges as the gaming market in the northeast continues to expand generally. Gaming revenue for commercial casinos in the Garden State has reported year-over-year declines for 10 of the past 12 months, and in the latest period, revenues fell 8.2 percent to $232.4 million. For the 12 months ending May 2014 (latest available data), the region reported $2.8 billion in gaming revenue, which was down 4.5 percent from the prior year.

As gaming revenue in Atlantic City continues to erode, some of the region's casinos have found it difficult to continue operations. Revel recently filed for chapter 11 bankruptcy for the second time since the casino opened in April 2012. The property faces potential closure if a suitable buyer is not identified or if it is unable to effectively reorganize; 3,200 jobs are potentially on the line. Revel could be the third casino in Atlantic City to close this year. In January, the Atlantic Club Casino Hotel closed after filing for bankruptcy in November 2013. The closure left 1,600 people unemployed. Meanwhile, Caesars Entertainment recently announced it will be closing one of its casinos, Showboat Atlantic City, on August 31. The casino employs 2,100 workers.

Despite the closures in Atlantic City, expanded gaming in the northeast continues to provide business opportunities for gaming equipment makers. Roughly 26 casinos have opened in the region since 2004 with new developments expected soon.

Two casinos are expected to be opening in Maryland in the next few years, bringing the state's total to six casinos employing roughly 9,200 workers. In Baltimore, Caesars Entertainment is nearing completion of its new property, Horseshoe Casino. The casino is expected to open in August and will include 2,500 slot machines and 100 table games and will employ 1,900 workers.

MGM Resorts International is also planning a casino in Maryland. MGM National Harbor is expected to open in 2016 and will include 3,600 slot machines, 140 table games, a 300-room hotel and a 1,200-seat theater. The property will reportedly employ about 4,000 workers.

A number of casino operators recently submitted applications for one of the four commercial casino licenses currently being offered in upstate New York. Applicants include Caesars Entertainment, Hard Rock International and the Genting Group. Meanwhile, four operators are competing for a casino license in Philadelphia, including Goldenberg Group, Greenwood Gaming, Cordish Cos. and PHL Local Gaming LLC. Penn National also submitted an application but recently dropped out of the bidding process.

The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 17 global gaming suppliers throughout the world. A total of 12 suppliers are based in the United States and are listed on the NYSE, Nasdaq, AMEX or OTC market, 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, Amatic Industries, Astro Corp., Bingotimes Digital Technology, Boss Gaming, Cadillac Jack, Cammegh Limited, CG Technology (CGT), Cole Kepro International, Euro Games Technology (EGT), Galaxy Gaming, Gaming Support, Glory Global Solutions, Gold Club, Grand Vision Gaming, Incredible Technologies, Inspired Gaming, Interblock USA, Intervision Gaming, ISMS, Iverson Gaming Systems, Jumbo Technology, Matsui Gaming Machine Co., Metronia, Modern Gaming, NYX Gaming Group, Patriot Gaming & Electronics, Quixant Ltd., Reel Games, Table Trac, U1 Gaming and Win Systems.

AGEM Associate Members: 3M Touch Systems, Adlink Technology, Advantech-Innocore, A-Game Marketing, AMD, 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 Experience Specialists (GES), 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 Sámano, Leap Forward Gaming, Lewis Brisbois Bisgaard & Smith, Lewis Roca Rothgerber, Lightstone Solutions, Litemax Technology, McGladrey LLP, Metalcraft, Outpost Creative, Portilla, Ruy-Díaz y Aguilar, 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=2634612

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
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
Machine learning provides predictive models which a business can apply in countless ways to better understand its customers and operations. Since machine learning was first developed with flat, tabular data in mind, it is still not widely understood: when does it make sense to use graph databases and machine learning in combination? This talk tackles the question from two ends: classifying predictive analytics methods and assessing graph database attributes. It also examines the ongoing lifecycl...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...