Monday, June 27, 2022

AGEM Index falls 5.7 percent in August


The Association of Gaming Equipment Manufacturers Index fell to 190.45 in August, a decline of 11.45 points, or 5.7 percent, from July. 

While the decline is largely attributable to broader market trends in late August, the latest period represents the fourth monthly decline in the AGEM Index since the start of 2015. 

Compared to a year ago, the composite index was relatively flat, falling 0.13 points from 190.58.

In August, eight of the 13 global gaming equipment manufacturers reported a decline in stock price compared to July. 

Additionally, five manufacturers reported a stock price decline of more than 10 percent, with three down by more than 20 percent. 

Of the five manufacturers that reported gains in stock price during the month, all but one were up by less than three percent.

“The broader stock markets reported declines in August largely due to international economic concerns, with each of the three major indices falling by more than 6.0 percent.” 

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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