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
                 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)

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
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
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
SYS-CON Events announced today that MathFreeOn 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. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
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.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
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 ...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
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. ...
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...