AGEM Index Sinks to Record Low

13.03.2009, The index measuring the performance of 16 global gaming suppliers plummeted once again -- hitting a new low of 56.11 in February, according to the Association of Gaming Equipment Manufacturers.

The index measuring the performance of 16 global gaming suppliers plummeted once again -- hitting a new low of 56.11 in February, according to the Association of Gaming Equipment Manufacturers.

In February, the index lost 10.19 points, or 15.4 percent, which is a record low since the index began in January 2005. Year-over-year the index is down a staggering 63.7 percent. The index fell 17.1 percent in January.

Based on a 100-point value, the Association of Gaming Equipment Manufacturers’ index, or the AGEM index, is computed based on each company’s month-end stock price and weighted based on approximation of market capitalization.

February’s decline was due in part to decreases in Konami’s and International Game Technology’s stock value, The Association of Gaming Equipment Manufacturer said.

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