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AGEM Index Rises 2.4 Percent Over Prior Month

June 5, 2022 | Vendor News

LAS VEGAS, NV (June 3, 2022) — In May 2022, the AGEM Index rose by 20.68 points to 883.10, marking a 2.4 percent increase from April. Compared to one year ago, the index was down 96.59 points, or 9.9 percent. During the latest reporting period, six of the AGEM Index companies reported stock price increases, while the other six posted declines in stock price. As a result, half of the companies in the AGEM Index posted positive contributions and the other half posted negative contributions to the overall index, with net contributions resulting in a month-over-month gain.

The largest positive contributor to the monthly index was Konami Corp. (TYO: 9766), which reported an 18.99-point gain to the index as a result of an 9.5 percent increase in overall stock price. Meanwhile, Aristocrat Leisure Limited (ASX: ALL) contributed a 6.23-point gain to the index with a 0.4 percent increase in the company’s stock price coupled with a strengthened exchange rate between the United States dollar and the Australian dollar. The largest negative contribution to the index was sourced to Light & Wonder Inc. (Nasdaq: LNW), whose 5.8 percent decline in stock price equated to a 5.78-point loss in the overall index.

In the latest reporting period, two of the three major U.S. stock indices observed positive but negligible growth. The Dow Jones Industrial Average increased by 0.04 percent from April, while the S&P 500 rose by 0.01 percent. Meanwhile, the NASDAQ saw a 2.1 percent decline over the month.

NOTE: As of April 29, 2022, Scientific Games Corporation (Nasdaq: SGMS) is rebranded as Light & Wonder (Nasdaq: LNW).

The AGEM Index

The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 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 and one on the Tokyo exchange. The 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.

About AGEM

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. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.

About Applied Analysis

The AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide 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.

SOURCE: Association of Gaming Equipment Manufacturers (AGEM).

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