Aristocrat drives AGEM Index’s all-time high of 1,012 points in August

Industry

C

ompiled by the Association of Gaming Equipment Manufacturers (AGEM), the AGEM Index for August showed an all-time high of 1,012.89 after an increase by 87.57 points, which is a 9.5% gain from July 2021.

In the last month, nearly all AGEM Index companies reported increases in stock price, with 10 of them posting positive contributions and two recording a negative contribution to the index. 

This growth was mainly due to a 9.7% increase in the stock price of Australian slot machine supplier, Aristocrat Leisure Limited, which rose from $41.64 to $45.67. This had as a result an increase of 26.73 points.  

Konami Corp. added  21.64 points as a consequence of a 14.7% rise in stock price. Scientific Games Corporation contributed 21.45 points with a 17.2% stock price increase. 

Galaxy Gaming Inc. and Transact Technologies were the two companies that suffered declines. 

Compared to the prior year, the AGEM Index was up 109.9%, doubling the numbers of August 2020.

The major stock indices also performed well over the month as the Nasdaq and the S&P 500 experienced monthly gains of 4.5% and 3.2%, respectively. The Dow Jones Industrial Average grew by 1.2%. 

The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. It is calculated based on the month-end stock price of each company, and weighted based on approximation of market capitalization. 

Articles You May Like

Daniel Negreanu Only Wants to Run it Once vs Sammy Farha #shorts
Best Poker Hands 2021: River Killers!
🟢 BOOM BABY!! Surprise BIG WIN! on Three Card Poker #poker #3cardpoker #casino
A Roulette Strategy You Can Play All Day + Comps
THE MOST CHILL BLACKJACK SESSION… BUT WE GET TO $90,000!! (Highlights)

Leave a Reply

Your email address will not be published. Required fields are marked *