The stock index published by the Association of Gaming Equipment Manufacturers posted its 26 year-over-year monthly increase for November, thanks mainly to double-digit increases in the share prices of the organization’s two largest members—Scientific Games and International Game Technology.
Scientific Game saw its stock price rise 10.6 percent on the NASDAQ in November, with a close of $52.65. The company’s stock value has increased almost 257 percent in the last 12 months, capping a turnaround following the arrival of Kevin Sheehan as CEO.
IGT saw its stock price increase almost 17 percent on the New York Stock Exchange in November.
Other suppliers have seen similar surges over the past 12 months. Everi Holdings has seen its tock price soar more than 277 percent on the NYSE.
The AGEM Index, compiled by Las Vegas-based financial consultant Applied Analysis, charts monthly stock prices of 12 global gaming suppliers. In November, seven of the 12 companies saw increases over October.
Also last week, nine companies have joined the board of directors of the Association of Gaming Equipment Manufacturers, the trade organization of the world’s leading gaming suppliers, bringing the total board membership to a record high of 162.
The new AGEM members are:
• Betson Enterprises, Carlstadt, New Jersey, provides profitable solutions to the VLT market and location-based entertainment industry.
• Dominode, Boca Raton, Florida, provides verified identity and licensing solutions for gaming businesses and professionals.
• DR Gaming Technology, Aalst, Belgium, has offices around the world to supply integrated casino management and jackpot system solutions.
• Genlot, Shenzhen, China, provides goods, services and technology to the Chinese lottery.
• GET IN Global, Buenos Aires, Argentina, offers 16 years of experience in creating global gaming events.
• Jackpot Digital, Vancouver, Canada, manufactures electronic table games for the cruise ship and regulated casino industries.
• JP Morgan Chase, New York City, offers comprehensive global banking solutions and investment services for mid-tier companies up to large corporations.
• Kiron Interactive, Johannesburg, South Africa, provides online and retail virtual sports content to sports betting and gaming businesses. • Visualplanet, Cambridge, UK, provides large-format touch-sensor technology.
AGEM, a nonprofit international trade association, represents manufacturers and suppliers of electronic gaming devices, lotteries, systems, table games, online technology, key components and support products and services for the gaming industry.
