The Association of Gaming Equipment Manufacturers on Friday noted the AGEM Index increased by 87.57 pointsin August to an all-time high of 1,012.89 points.
The August total marked a 9.5% gain from July 2021.
In the last month, nearly all AGEM Index companies reported increases in stock price, with 10 posting positive contributions and two recording a negative contribution to the index.
Compared to the prior year, the AGEM Index was up 109.9%, more than doubling the 530.38-point level in August 2020.
According to analysis, the AGEM Index’s August 2021 growth was due in large part to a 9.7% increase in the stock price of Aristocrat Leisure Limited, which rose from $41.64 to $45.67. The stock was responsible for a 26.73-point increase in the AGEM Index's monthly growth.
Other significant index contributors were Konami Corp., which added 21.64 points due to a 14.7% rise in stock price, and Scientific Games Corporation, which contributed 21.45 points with a 17.2% stock price increase.
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, while the Dow Jones Industrial Average grew by 1.2%.
The Association of Gaming Equipment Manufacturers produces the monthly AGEM Index,which comprises 13 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange.
The trade group said the AGEM 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.
Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world.
The AGEM Index and overview is prepared by Applied Analysis (AA), a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes experience in economics, information technology and finance to provide a 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.
