AGEM Index falls 0.7% in July, Aristocrat posts largest positive contribution

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of July. During the period, the AGEM Index fell by 13.52 points to 1,889.77, a 0.7 percent decline from the prior month. Compared to one year ago, the index rose 32.8 percent, or 466.28 points.

The AGEM Index is a monthly stock performance guide comprising 10 global gaming suppliers. During the latest month, seven of the 10 AGEM Index companies reported stock price increases, which resulted in seven positive contributions and three negative contributions to the AGEM Index.

The largest positive contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 7.5 percent increase in stock price led to a 48.40-point gain to the index. Meanwhile, Crane NXT, Co (NYSE: CXT) saw its stock price increase by 10.1 percent, leading to a 10.00-point increase for the index.

The largest negative contributor to the index was Konami Corp. (TYO: 9766), whose 10.1 percent decrease in stock price resulted in a 67.58-point loss to the AGEM Index.

Two acquisitions of AGEM Index companies were completed over the past month. Brightstar Capital Partners completed its $1.1 billion acquisition of PlayAGS, Inc., which went private and was delisted from the New York Stock Exchange (NYSE).

In the other transaction, an affiliate of private equity giant Apollo Global Management acquired the gaming and digital units of International Game Technology PLC and Everi Holdings Inc. for a combined $6.3 billion. The newly split IGT company and Everi went private and were delisted from the NYSE.

IGT’s lottery business was not involved in the transaction and remained on the NYSE under the new name of Brightstar Lottery (NYSE:BRSL).

In July, two of the three major U.S. stock indices increased from the prior month. The NASDAQ rose by 2.0 percent over the month, while the S&P 500 experienced a 0.6 percent increase. Meanwhile, the Dow Jones Industrial Average fell by 2.0 percent from the prior period.