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AGEM Index continues rises in April, led by Crane NXT

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The AGEM Index, published by the Association of Gaming Equipment Manufacturers, continued its gains in April, rising 2.7 percent month-on-month and 12.7 percent yearly.

During the month, six of the 12 companies on the index saw their stock prices increase, the largest contributor of which was Crane – who saw a 20.1 percent increase due to the separation of Crane NXT – its Payment and Merchandising arm, the company’s best-performing segment. The company’s stock has increased 44.3 percent compared to April 2022.

Another strong winner was Konami Corp, whose stock increased 10.2 percent month-on-month, despite seeing a yearly decrease of 16.8 percent. The group had recorded a near 50 percent increase in revenue for its gaming arm in the nine months ended December 31st.

IGT also saw a monthly gain in its stock price, up 5 percent, while also a rise of 28.9 percent yearly.

The strongest negative contribution to the index was Everi Holdings, with an 11.4 percent monthly drop, causing a 3.54 percentage point drop in the index.

During the month, all three major stock indices saw monthly increases for the second consecutive period, with the Dow Jones up 2.5 percent and S&P 500 up 1.5 percent, while the NASDAQ was up just 0.04 percent.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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