AGEM Oct. index up 3% to new high

AGEM index

The Association of Gaming Equipment Manufacturers’ monthly index of U.S. gaming supplier stocks gained 3 percent to another record high in October.

The AGEM Index was up by 31.17 points to 1,077.92. That is more than double where it was a year ago. A majority of companies in the index were in positive territory.

Major contributors to the monthly gain were International Game Technology whose stock was up 12 percent. Aristocrat Gaming also added 15.06 points to the index, even though its shares declined, due to an increase in outstanding stock to a share issue to raise funds.

There are 11 companies in the index, with Scientific Games proving the biggest drag in the month, with its stock down 3.6 percent.

Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. Sharon has strong interest in current affairs and a global perspective having worked in Asia, Europe and North America. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.