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Land-based casino providers decreased 11% further in May 2012, InnovateGaming

Land-based casino providers decreased 11% further in May 2012, InnovateGaming | Poker & eGaming News | Scoop.it

After reporting a slight decline for the first time since Nov 2011 in April, the AGEM index witnessed a more dramatic decrease of 11% in May 2012.

 

AGEM index: -11,3%

Dow Jones Industrial: -6,2%

S&P 500: -6,3%

Nasdaq: -9,8%

 

Selected negative contributors to the AGEM index included:
Konami, KNM: -27.4 %
International Game Technology, IGT: -8.2 %
WMS Industries, WMS: -16.2 %

 

The AGEM index comprises of the largest land-based casino providers including: Aristocrat Technologies, Aruze Gaming America, Austrian Gaming Industries, Bally Technologies, GTECH / Spielo International, International Game Technology (IGT), Intralot S.A., Konami Gaming, Scientific Games, Video Gaming Technologies (VGT), WMS Gaming and Shuffle Master.

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Japan threatens social gambling clampdown, EGR Magazine

Japan threatens social gambling clampdown, EGR Magazine | Poker & eGaming News | Scoop.it

Japan’s Consumer Affairs Agency has threatened to heighten its scrutiny of social gambling games over concerns they violate the country’s laws.

 

According to Bloomberg the games in question, known as ‘complete gacha’, allow players to win virtual items for an outlay of around 300 Yen (£2.33) at a time, with prizes on offer for those who obtain a certain combination of items.

 

Following the news, Japanese social gaming company Gree saw its shares fall by a record 23% yesterday. Gree’s net income would drop by as much as 18% if such a ban came into force.

 

Other companies to see share prices drop include video games developers Konami and Capcom, which also have social arms. Konami and Capcom would drop 10% in revenues if ‘complete gacha’ is banned.

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