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Gaming equipment index shows growth at mid-year

The Association of Gaming Equipment Manufacturers index, which measures the industry’s health by tracking the stock prices of 14 companies, was up 4.67 points to 260.01 at the end of June. That’s a 1.83 percent increase.

Aristocrat Technologies, Gaming Partners International Corp. and Galaxy Gaming Inc. are listed as top contributors to the latest industry composite index.

The association’s index derives from the 14 companies’ month-end stock prices. The data are adjusted for dividends and stock splits and weighted based on an approximation of market capitalization. The index is based on a 100-point value as of January 2005.

The Las Vegas-based, internationally focused association represents manufacturers of electronic gaming devices and components, systems and lotteries.

Australia-based Aristocrat Leisure Ltd., which has its Aristocrat Technologies division in Las Vegas, had the highest impact of the 14 companies listed, raising the index by 8.25 points. Nine of the index’s companies are based in the United States.

Aristocrat’s stock price went from $12.86 Australian at the end of May to $13.80 Australian at the end of June on the Australian Stock Exchange. The company was also up over 80 percent from the end of June 2015, when it traded for $7.65 Australian.

Galaxy and GPIC, both headquartered in Las Vegas, each added 0.03 points to the overall index.

Galaxy’s stock increased by 19.2 percent at the end of June to 31 cents, up from 26 cents at the end of May. The price is up 93 percent from June 2015, when the stock was valued at 16 cents.

GPIC’s stock value at the end of June was $9.30, up 3.2 percent from $9.01 at the end of May. The June total was down from $10.11 a year earlier, an 8.7 percent drop.

Some manufacturers fell in the index.

Las Vegas-based Everi Holdings Inc. went from $1.43 in May to $1.15 in June, dropping the index by 0.18. In June 2015, Everi Holdings traded for $7.74 on the New York Stock Exchange. Ainsworth and Konami also lost points on index, 0.46 and 0.11, respectively.

Meanwhile, Athens, Greece-based Intralot and South Dakota-based Daktronics decreased the index by 0.31 and 0.71, respectively.

Some losses across the domestic and international stock exchanges in June were blamed on Britain’s decision to exit from the European Union.

The association’s index has risen 67.7 points — or 35.2 percent —since June 2015.

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