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5% increase

AGEM Index extends gains into May

The AGEM Index, which tracks the stock performance of listed firms in the casino equipment supply sector, reached another record high in May, continuing the momentum from previous months.

The composite index stood at 390.18 points at the close of the month, which represented a sequential increase of 18.68 points, or 5.0 %, when compared to April. The AGEM Index reported a year-on-year increase for the 20th consecutive month, rising 134.84 points, or 52.8 %, when compared to May 2016.

The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index in association with research firm Applied Analysis LLC.

During the latest reporting period, seven of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with four up by more than 10 %.

Positive contributors to the May 2017 AGEM Index included: Konami Holdings Corp (17.37 % increase in stock price), Aristocrat Technologies Ltd (11 %) and Ainsworth Game Technology Ltd (18.82 %).
Six manufacturers reported decreases in stock price during the month, with three posting double-digit declines.

AGEM is a non-profit international trade association representing manufacturers and suppliers of electronic gaming devices, systems, table games, online technology, key components, and support products and services for the gaming industry.

Source: GMB / GGR Asia