Light & Wonder <\/strong>was the largest positive contributor, with a 3.4 per cent increase in its stock price. Meanwhile, an 8.2 per cent decrease in Agilysys’ stock price resulted in a 6.10-point loss.<\/p>\n\n\n\nCreated by the Association of Gaming Equipment Manufacturers (AGEM), the AGEM Index lists 12 global gaming suppliers. Nine are based in the United States and are listed on the NYSE, Nasdaq, or OTC, while two are listed in Australia and one in Tokyo. The index is calculated using the month-end stock price of each company, adjusted for dividends and splits, and is weighted based on estimated market capitalisation.<\/p>\n\n\n\n
Fitch ratings expects Macau GDP to rise 15% this year<\/h2>\n\n\n\n
Fitch Ratings<\/strong>\u00a0has forecast that Macau\u2019s gross domestic product (GDP) will grow by 15 per cent this year and 8 per cent in 2025 amid the resurgence of the gaming tourism sector. It said the sector would be boosted by travel policy adjustments that favour tourism between Macau and Hengqin Island allowing mainland residents with a business visa to stay for up to 14 rather than seven days.<\/p>\n\n\n\nFitch has reaffirmed Macau\u2019s long-term foreign-currency issuer default rating at AA, with a stable outlook highlighting the city\u2019s \u201cexceptionally strong public and external finances, and demonstrated fiscal prudence even during periods of economic and gaming revenue shocks.\u201d It noted however that the continued reliance on gaming tourism from mainland China remains a risk, given the potential influence of policy changes affecting tourism.<\/p>\n","protected":false},"excerpt":{"rendered":"
Seven of the 12 AGEM Index companies saw stock price decreases.<\/p>\n","protected":false},"author":176,"featured_media":777018870,"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 global gaming suppliers, experienced a sequential decline of 2.2% in October 2024, with most constituent companies seeing stock price decreases, notably Agilysys, while Light & Wonder provided a positive contribution. Concurrently, Fitch Ratings projects robust GDP growth for Macau in 2024 and 2025, driven by a resurgent gaming tourism sector and favorable travel policy adjustments, though it highlights the inherent risk of reliance on mainland Chinese tourism.","focusai_entities":"AGEM, Association of Gaming Equipment Manufacturers, Light & Wonder, Agilysys, Fitch Ratings","focusai_location":"Asia, Macau, Hengqin Island, United States, Australia, Tokyo","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"AGEM Index Drivers","query":"What specific market or operational factors contributed to the sequential decline in the AGEM Index, and what were the underlying drivers for the divergent performance of Light & Wonder versus Agilysys?"},{"label":"Macau Growth Sustainability","query":"Given Macau's projected GDP growth, what are the long-term sustainability factors beyond current travel policy adjustments, particularly concerning diversification efforts and potential geopolitical influences on mainland Chinese tourism?"}],"footnotes":""},"categories":[16331,163],"tags":[23731],"class_list":["post-777020448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-finance-news","tag-agem-index"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020448","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777020448"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020448\/revisions"}],"predecessor-version":[{"id":777020474,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020448\/revisions\/777020474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777018870"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}