WhereDaily News: Association of Gaming Equipment Manufacturers (AGEM) Releases January 2014 Index
LAS VEGAS, NV--(Marketwired - Feb 10, 2014) - Not unlike the broader equities' markets, the AGEM Index reported a substantial decline in the first month of 2014 when compared to December 2013. In January, the composite index was 183.85, which was down 10.09 points (-5.2 percent) when compared to the prior month. The latest period represents the first substantial month-to-month decline since June 2013; however, compared to a year ago, the index remains up 36.19 points (+24.5 percent). In January of 2014, 11 of the 16 global gaming equipment manufacturers reported month-to-month declines in stock price, with seven down by more than five percent. Gaming Partners International (GPIC) reported flat stock performance from December 2013, and of the four companies that witnessed increases, only one was up by more than five percent.