|By Marketwired .||
|July 8, 2014 03:03 PM EDT||
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.
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, 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:
P.O. Box 50049
Henderson, NV 89016-0049
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
May. 2, 2016 05:30 PM EDT Reads: 1,521
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
May. 2, 2016 05:15 PM EDT Reads: 962
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 2, 2016 05:00 PM EDT Reads: 1,071
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
May. 2, 2016 04:00 PM EDT Reads: 885
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 2, 2016 03:45 PM EDT Reads: 1,325
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
May. 2, 2016 03:30 PM EDT Reads: 1,045
The IoTs 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. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 2, 2016 03:00 PM EDT Reads: 289
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 2, 2016 02:45 PM EDT Reads: 1,059
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
May. 2, 2016 02:00 PM EDT Reads: 924
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 2, 2016 12:30 PM EDT Reads: 1,268
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
May. 2, 2016 12:00 PM EDT Reads: 1,542
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 2, 2016 11:45 AM EDT Reads: 936
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
May. 2, 2016 11:30 AM EDT Reads: 1,026
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
May. 2, 2016 10:00 AM EDT Reads: 2,623
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 2, 2016 10:00 AM EDT Reads: 1,016