AGEM Index Up 15 Percent In August

In August, the AGEM Index for stocks of major suppliers of casino equipment increased by 61.16 points to 482.02 points, a gain of 14.5 percent from July.

According to the Association of Gaming Equipment Manufacturers (AGEM), which issues the indicator, ten of the 13 companies making up the index reported stock price increases in August, “as global markets continued to trend positively” despite the Covid-19 pandemic.

The stock price of the slot machine manufacturer Aristocrat Leisure Ltd, listed on the Australia Share Exchange, increased by 8.4 percent month-on – month. The Japan-listed Konami Holdings Company reported a July 27.1 per cent rise in stock prices.

The companies posting the highest stock price gains in August were U.S.-based casino equipment manufacturer and financial technology provider, Everi Holdings Inc., rising 36.6 percent; and TransAct Technologies Inc., a casino technology and food protection equipment provider, up 53.3 percent.

Australia-listed slot machine maker Ainsworth Game Technology Ltd was one of three manufacturers that made a negative contribution to the index for August. This was via a stock price, assessed year-on-year, which dropped by 7.3 percent calculated month-on – month, and decreased by 48.6 percent.

All three main U.S. stock indexes grew in August, at the macroeconomic level. The Dow Jones Industrial Average rose 7.8 percent and 7.4 percent of the S&P 500. Compared to the previous month, the Nasdaq grew 10.8 per cent.

The AGEM Index is developed in collaboration with Applied Analysis LLC, a research firm based in Nevada, the US.

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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.