AGEM Index up 7.6 percent in October

The Association of Gaming Equipment Manufacturers’ monthly AGEM Index gained for the first time in two months in October with a gain of 5.5 percent year on year.

Compared with September, the index was up 7.6 percent.  

In October, eight of the 13 global gaming equipment manufacturers reported month-to-month gains in stock price, with three up by more than 10 percent. Of the four manufacturers reporting monthly declines in stock price during the month, two were down by more than ten percent.

However, the gaming stocks were still underperforming the broader index, with the S&P 500 up 8.3 percent from the prior month and the NASDAQ up 9.4 percent from Sept.

Australia’s Aristocrat Technologies was one of the big gainers, up 8.3 percent, while Crane Co. was up more than 12 percent.

Intralot and Everi were among the decliners, losing 11.2 percent and 8.8 percent respectively.