The AGEM Index increased by 121.27 points to 979.70 points in May 2021, a 14.1 percent gain from April 2021. In the last month, nearly all of AGEM Index companies reported increases in stock price, with 12 posting positive index.

The AGEM Index has trended positively for seven consecutive months and has reached its highest mark ever recorded. Additionally, the AGEM Index was up 213.5 percent from the March 2020 low point at the outset of the COVID-19 pandemic. The AGEM Index's May 2021 growth was due in large part to a 10.4 percent increase in the stock price of Aristocrat Leisure Limited (ASX: AL), which rose from $37.17 to $41.05. The stock was responsible for 36.92 points of the AGEM Index's monthly growth. Another significant index contributor was International Game Technology PLC (NYSE: IGT), which added 34.46 points due to a 40.9 percent stock price growth from $17.22 to $24.26. The major stock indices had mixed performances.

The Dow Jones Industrial Average and the S&P 500 grew by 1.9 percent and 0.5 percent, respectively. Meanwhile, the NASDAQ experienced a 1.5 percent decline. The AGEM IndexThe Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world.

A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes.

The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities. About AGEMAGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization.

Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment. About Applied AnalysisThe AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide range of services, including urban economic consulting, financial advisory services, market analysis, public policy analysis, hospitality industry and gaming consulting, and information system and technology consulting.    View this email in your browser