Stock value remained down 16% in May 2019 but marked recovery after April.<\/p>\n\n\n\n\n\n\n\n
Casino equipment suppliers’ stocks rose in May, marking a recovery from the impact of the Covid-19 pandemic.<\/p>\n\n\n\n
The Association of Gaming Equipment Manufacturers (AGEM) index increased by 26.84 points in May 2020 to reach 402.89 points, a 7.1 per cent gain from April 2020.<\/p>\n\n\n\n
The recovery remains limited as the figure was still down by 16.6 per cent on May 2019.<\/p>\n\n\n\n
Releasing the results, AGEM said: \u201cTen of the 13 AGEM Index companies reported stock price increases as global markets continued to rebound from the Covid-19 pandemic.”<\/p>\n\n\n\n
The Association said that the stock price for the Japanese conglomerate Konami Corp had increased by 11.2 per cent, \u201caccounting for a 7.95-point improvement in the AGEM Index\u201d.<\/p>\n\n\n\n
Australian firms Aristocrat Leisure and Ainsworth Game Technology showed very minor improvements since April\u2019s index and their stock prices remain far below their May 2019 values.<\/p>\n\n\n\n
Taiwan\u2019s Astro Corp meanwhile lost value, falling from NT$14.50 in April to NT$13.55 in May.<\/p>\n\n\n\n
AGEM said: \u201cAll three major U.S. stock indices increased as the Dow Jones Industrial Average and the S&P 500 grew by 4.3 per cent and 4.5 per cent, respectively. The NASDAQ also experienced a gain of 6.8 per cent.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Stock value remained down 16% in May 2019 but marked recovery after April.<\/p>\n","protected":false},"author":2,"featured_media":7087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The AGEM Index, tracking casino equipment suppliers' stock performance, increased by 7.1% in May 2020, signaling a recovery from the initial COVID-19 pandemic impact. While most constituent companies reported gains, the index remained 16.6% below May 2019 levels, indicating a partial recovery. Notable performances included Konami Corp's significant rise, while Australian and Taiwanese firms showed more limited improvements or losses.","focusai_entities":"Association of Gaming Equipment Manufacturers (AGEM), Konami Corp, Aristocrat Leisure, Ainsworth Game Technology, Astro Corp, Dow Jones Industrial Average, S&P 500, NASDAQ","focusai_location":"Japan, Australia, Taiwan, U.S.","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Recovery Drivers?","query":"What specific operational or market factors are driving the differential stock performance among AGEM Index constituents, particularly between the recovering Japanese and U.S. firms versus the more limited gains in Australian and Taiwanese companies?"},{"label":"Long-term Outlook?","query":"Given the 16.6% deficit compared to May 2019, what is the projected timeline and key indicators for the AGEM Index to fully recover to pre-pandemic valuation levels, and what are the associated capital market risks?"}],"footnotes":""},"categories":[16338,163],"tags":[29],"class_list":["post-7086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7086"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7086\/revisions"}],"predecessor-version":[{"id":21146,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7086\/revisions\/21146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7087"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}