Association of Gaming Equipment Manufacturers Releases August 2010 Index
SOURCE: Association of Gaming Equipment Manufacturers LAS VEGAS, NV–(Marketwire – September 7, 2010) – After a modest uptick last month, the AGEM Index retreated downward during the month of August, erasing the gains witnessed in the prior month of July. The composite score of 17 global gaming suppliers shrank 2.68 points, reaching a value of 87.89 by the close of August 2010. While the 2.96-percent decline is much less than the double-digit drops witnessed during May and June, the latest movement is a concern that gaming suppliers will have more difficulty sustaining a long period of recovery. For comparison purposes, the nearly 3-percent decline in the AGEM Index was less scathing than the broader equities markets. The Dow Jones Industrial Average and Standard and Poor’s 500 Index shed 4.3 percent and 4.7 percent during the month of August, respectively. With economic uncertainty continuing and the possibility of a double-dip recession, global gaming suppliers will continue to be pressured in the near term. Further contraction in consumer spending could tighten gaming operators’ resources and their ability to fund new projects and replacement equipment. That said, selected markets, including those abroad, have managed to outperform most domestic operations
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