The Casino Stock Prices Increase Due To Association of Gaming Equipment Manufacturers (AGEM) In 2017. December 2017 is a good way to end the year for AGEM. The association of manufacturers is happy. Most of the manufacturers say they are happy because they sell. Also, this improves casino stocks a lot. Aristocrat Gaming is one of the gaming bodies that record high sales in December. The company’s CEO is a happy many. He puts a smile on his face saying that December is good.
See Why Casino Stock Prices Increase Due To AGEM
Trevor Croker says that many of the gaming manufacturers get high returns. This makes December be the fourth-best month in 2017. At least, there are a dozen gambling companies that are on the list. This is a list of international gaming developer that appear. With this fourth consecutive month growth, AGEM’s index grows. It shoots some 24.14 points. Also, this is an equivalent of 4.9 percent. It helps in AGEM closing the year with 516.79.
12 Online Casino Software Companies Post Gains
Although twelve online casino software companies post gains, there’re those that don’t. In fact, five gaming manufacturers see their stock prices drop.
Of all gaming manufacturers, Aristocratic is the leading. This Austrian company beats the rest of gaming manufacturers. It rises over by a whopping 9 percent over the course of the month.
The company rises by AUD 23.70, which is equivalent to $18.59 per share. But even as Aristocratic ‘goes’ home smiling, there is a company ‘crying’. Everi Holdings also tops the list of companies that fall. This gaming manufacturer falls by $7.54 per share. Most noteworthy, this is a 7.48 percentage. In general, there is good news. According to the overall performance by all the 12 manufacturers, there is a rise. The rise is so huge that many companies are closing the year with gains.
Scientific Games and Galaxy Gaming
AGEM says that looking at general performance; there is an improvement. “Looking at year-over-year, there are gains, there are big improvements,” AGEM says. True to the association’s words, 10 out of 12 companies are far much ahead. The gaming manufacturers are not where they were last year.
The body goes further to give finer details. It says that four out of the 12 double their stocks in 2017. Above all, this is when you compare with 2016. The four manufacturers are Scientific Games and Galaxy.. The other two are Everi and Transact Technologies. Astro Corp, a gaming manufacturer from Taiwan, goes to record. The online casino software company goes to record as the worst performer. This gambling manufacturer records the highest drop.
In December 2016, the company’s shares are trading at $0.92. Twelve months later, the company drops by more than 50%. Now, the company’s shares are trading at $0.46! The International Game Technology (IGT) is one of the manufacturers that fall. The company is down by 3.6%. IGT gets this percentage after posting $556 million loss the last quarter of 2017.
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The other company in this group is Australia’s Ainsworth. Although the company is selling half of its shares, it records a loss. The loss in percentage is 32. But even after the two companies lose, they record high stocks. It is easy to say that although there are challenges, AGEM is gaining. As more and more people are starting gaming sites, AGEM is happy. It will supply most of the necessary products. Casino stocks will continue to hit new heights.