The AGEM Index – a monthly stock performance guide comprising 13 global gaming suppliers and produced by the Association of Gaming Equipment Manufacturers – reported a year-on-year increase for the 19th consecutive month in April, up 144.99 points or 64% when compared to April 2016.
The composite index stood at 371.5 points at month’s end, which represents an increase of 10.22 points or 2.8% on March.
During the period, nine of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with two up by more than 10%. They included Taiwan’s Astro Corp which rose 26.7% and Everi Holdings which was up 32.57%. Aristocrat saw a 9.29% year-on-year increase.
IGT saw its stock fall 6.33% year-on-year in a month where it sold its social casino subsidiary Double Down Interactive LLC to DoubleU Games Co Ltd, a Seoul-based affiliate, for US$825 million, having purchased it for US$500 million in 2012.
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