The Association of Gaming Equipment Manufacturers (AGEM) index has seen a marked 13.5 percentage point increase month-to-month, driven by strong performances by Australian gaming company Aristocrat (up 11.3 percent in stock pricing) and Crane (up 15.4 percent).
The positive results were toned down by a 3.7 percent decrease in Ainsworth Game Technology’s stock price, resulting in a 0.01-point loss for the index.
On a yearly basis, Ainsworth was down 16.1 percent and Aristocrat was down 14.8 percent, while Everi was also down 12.1 percent and Galaxy Gaming saw the highest devaluation on a yearly basis, of 22.1 percent.
While the yearly comparisons were mostly negative for the companies on the index, with the stunning exception of Agilisys, up 119.5 percent yearly, the monthly comparisons were all positive, with the exception of Ainsworth, driving the impressive results of the index in January.
