Crane Co. president and CEO Max Mitchell says that the company continues to make progress on its planned split into Crane Co. and Crane NXT after the recent divestment of Crane Supply, the company’s Canadian distribution business.

Stock price increases of Konami Corp and Crane Co. were the main drivers of a 2.45 point increase of the AGEM Index in March.

Crane said it will split the company into two separately traded entities to accelerate growth and unlock shareholder value.

Crane Co. recorded a full-year operating profit of $502 million, up nearly two-fold from $240 million in 2020, owing to higher volumes, savings from 2021 cost actions, and lower repositioning costs.

Crane Co. the parent company of Crane Payment Innovations reported strong second-quarter results with sales growing 24 percent, along with a 377 percent rise in operating profit. 

Crane has raised its earnings per share guidance for this year following a strong Q1 performance, driven mainly by its payment solutions division.

Crane Payment Innovations says it has installed 300 SC Advance note validators at SunCity Group’s Hoiana Casino in Vietnam.

The monthly AGEM Index rose by 20.68 points to 883.10 in May from the prior month, marking a 2.4 percent increase from April, pushed up by Konami and Aristocrat.

The monthly AGEM Index of global gaming stocks posted a 9.7 percent decrease in April from the prior month, ending three months of gains.

XB Net recently partnered with India’s North Alley in a deal to provide streaming and wagering services from the U.S. and Australia to the Indian market.