AGEM Index upwards in second quarter earnings season

For comparison purposes, the 1.89 % gain in the AGEM Index was undersized by the broader equities markets, which closed significantly higher for the month, with the Dow Jones Industrial Average and Standard and Poor’s 500 Index expanding 7.1 % and 6.9 %, respectively.

Smaller-than-expected gains from taxable retail sales to additional reductions in consumer confidence, economic recovery continues to feel like a recession to many sectors, including gaming and leisure.  As long as consumer spending increases are slower-than-expected and gaming revenue remains soft in many jurisdictions nationwide, it is likely that capital expenditures for replacement sales will be slim for a while longer.

Selected positive contributors to the index during the month included:

- Lottomatica recorded an increase of 7.26 % in its stock valuation, adding 2.01 points to the index.

- Intralot contributed 1.46 points to the index based on a 29.77 % gain in its stock price.

Selected negative contributors to the index included:

- IGT witnessed its stock price fall 2.93 %, contributing -0.71 points to the index.

- Global Cash Access (GCA) posted a 43 5 decline in its stock valuation, contributing a negative 0.62 points to the index.