he AGEM Index decreased in September 2018, finishing the month at 493.03 points, a decline
of 28.48 points or 5.46 percent, compared to August 2018. The AGEM Index reported a year-over-year increase for the 36th consecutive month and has climbed 35.12 points, or 7.67 percent, since September 2017.
During the latest period, six of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Seven manufacturers reported decreases in stock price during the month. The three major stock market indices saw gains during the month. The S&P 500 reported a month-to-month increase of 0.43 percent to 2,913.98. The Dow Jones Industrial Average grew 1.90 percent to 26,458.31, while the NASDAQ decreased 0.78 percent during the
period to 8,046.35.
Positive contributors to the September 2018 AGEM Index included the following:
Crane Co. (CR) contributed 7.12 points due to a 7.75 percent increase in stock price to $98.35.
Everi Holdings Inc. (EVRI) reported a 5.77 percent increase in stock price to $9.17, contributing 0.58
Selected negative contributors included the following:
With its stock price falling 9.97 percent to AU$ 28.44, Aristocrat Leisure Limited contributed negative 19.90 points.
Konami Corp. reported a 4.40 percent decrease in stock price to ¥4,450, contributing
negative 5.52 points.
September 2018 has been a fairly active month for companies in the AGEM Index. PlayAGS Inc. (AGS) capped off the month by establishing a three-year marketing partnership with the Vegas Golden Knights of the National Hockey League. This partnership is the first of its kind in the United States between a major American sports franchise and a gaming equipment manufacturer.
An example of a marketing initiative under this partnership is the “AGS Play of the Game,” which will
show the top highlight of all preseason, regular and playoff games on the video screen above center ice. In addition to this partnership, PlayAGS Inc. installed its first Class II tribal Orion Slant cabinets at the Poarch Band of Creek Indians’ casinos in Atmore, Montgomery and Wetumpka, Alabama.
International Game Technology recently announced its partnership with William Hill US to bring sports betting to lotteries in the United States. The end product of the agreement is that the two organizations will produce a complete sports betting solution for state lotteries. Since the overturning of the Professional and Amateur Sports Protection Act (PASPA) in June, four states have implemented legal sports betting, and a number of other states are considering legalized sports betting. Besides this partnership, IGT also came to an agreement with the Mississippi Band of Choctaw Indians to provide its PlayShot digital sports betting solution to three tribal casinos in Mississippi.
Scientific Games Corporation was also active during September. The company announced its
installation of a number of products at the Hard Rock Hotel & Casino Atlantic City, including beverage
management, game accounting and a number of slot and table games. Scientific Games also announced an extension of its contract with the state of Washington’s lottery to provide instant games, licensed brands and servicing. The contract runs into 2024 and continues a long-standing relationship that Scientific Games has had with the Washington Lottery since 1982. As part of the scope of the extended contract, Scientific Games will create a mobile app for Washington Lottery players, as well as a player loyalty program.
Agilysys Inc. released the newest version of its DataMagine software in September 2018. DataMagine is the company’s document management solution, which utilizes strong security frameworks to capture records permanently on an on-demand basis. The document management software has a flexible imaging module that integrates with most business applications. Additional features of the software include individual permission management, simultaneous access to stored documents and remote access to protected data. Also included are updates to the email service, which include automatic re-sending of approval emails and adding notes to documents.