Association of Gaming Equipment Manufacturers (AGEM) Releases April 2018 Index

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LAS VEGAS, May 07, 2018 (GLOBE NEWSWIRE) –The AGEM Index reversed a two-month downward trend to close April 2018 with positive growth. The composite index finished the month at 531.33 points, a gain of 26.18 points or 5.18 percent, when compared to March 2018. The AGEM Index reported a year-over-year increase for the 31st consecutive month and has climbed 159.83 points, or 43.02 percent, since April 2017.

During the latest period, six of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Seven manufacturers reported decreases in stock price during the month.

The April performance of the AGEM Index paralleled the three major stock market indexes. The S&P 500 reported a month-to-month increase of 0.27 percent to 2,648.05. The Dow Jones Industrial Average increased 0.25 percent to 24,163.15, while the NASDAQ increased 0.04 percent during the period to 7,066.27.

Positive contributors to the April 2018 AGEM Index included the following:

  • Scientific Games Corporation (SGMS) contributed 18.38 points due to a 28.13 percent increase in stock price to $53.30.
  • Aristocrat Leisure Limited (ASX:ALL) reported an 11.47 percent increase in stock price to AU$26.82, contributing 16.22 points.
  • International Game Technology (IGT) reported a 5.76 increase in stock price to $28.27, contributing 4.48 points.

Selected negative contributors included the following:

  • With its stock price falling 9.81 percent to $83.64, Crane Co. (CR) contributed negative 6.62 points.

Review the complete April 2018 AGEM Index. The Index is a valuable resource that gives a look at the financial state of the global gaming industry from the supplier side. More information about AGEM and its growing worldwide membership is available at http://agem.org.

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