Gaming supplier stocks gain in August: Bally leads

Stock prices for gaming equipment manufacturers improved by 3.8 percent on average in August after a small decline in July, with the industry index now 5.7 percent ahead of the same time a year ago.The Association of Gaming Equipment Manufacturers (AGEM) released its monthly AGEM Index which is a composite measure of the stock prices of listed gaming equipment manufacturers.The composite index ended the month at 190.58, which represents a gain of 6.97 points when compared to the prior period. This comes after a decline of 0.9 percent in July. The AGEM Index was set at 100 points as of January 2005.The AGEM Index has increased month on month in three of the past eight months. “In August, seven of the 17 global gaming equipment manufacturers reported monthly increases in stock price, with four witnessing substantial gains of more than 15 percent. Of the 10 manufacturers that reported a decline in stock price, two were down by more than 10 percent,” the AGEM statement says.The Dow Jones Industrial Average increased by 3.2 percent in August compared to July 2014. The S&P 500 went up 3.8 percent, and the NASDAQ rose 4.8 percent.Notable movers in the August period were: Bally Technologies (BYI) up 31.8 percent to $79.29; Scientific Games Corporation (SGMS) up 18.9 percent to $10.15; and Multimedia Games (MGAM), up 15.3 percent to $27.81.Stocks to fall were Ainsworth Game Technology (AGI) down 10.9 percent to AU$3.36, and Aristocrat Technologies (ALL) down 3.0 percent to AU$5.53