Land-Based Gaming Industry AGEM Index, IGT Jackpots, & FanDuel-iGaming Expansion

Explore the latest trends in the gaming industry: AGEM Index rises, big wins at IGT, and exciting developments in iGaming expansion. (Image courtesy of AGEM Index)

The Association of Gaming Equipment Manufacturers (AGEM) is a prominent entity representing manufacturers producing electronic gaming devices, systems, lotteries, and components for the gaming industry globally. Established in January 2005, AGEM began compiling data with a baseline of 100 points and continues offering a monthly stock performance guide encompassing 12 global gaming suppliers.

The substantial increase in the AGEM Index is undoubtedly good news for the gaming equipment manufacturing sector. Light & Wonder emerges as the most significant positive contributor, aiding the index in gaining 15.10 points owing to its 9.1% stock price increase. Konami also positively influenced the index with a 6.99-point gain resulting from a 6.1% increase in its stock price.

On the downside, International Game Technology witnessed a 5.4% dip in its stock price, negatively impacting the index with an 8.16-point decrease. Additionally, major U.S. stock indices such as the Dow Jones, NASDAQ, and S&P 500 experienced declines over the month, falling by 2.4%, 2.2%, and 1.8%, respectively.

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IGT’s Megabucks and Powerbucks slots award three jackpots totalling $14.5M+ in August

This August saw players at International Game Technology’s (IGT) Megabucks and Powerbucks slot machines claiming three massive jackpots, cumulatively surpassing $14.5 million. The zenith was a monumental £7,321,982 windfall bagged at the ARIA Resort & Casino in Las Vegas, establishing it as the third-highest victory in Nevada this year.

Revolutionary iGaming Expansion: Inspired Partners with FanDuel

In a notable move within the iGaming industry, Inspired Entertainment is bolstering its existing alliance with the US behemoth, FanDuel. The collaboration is set to introduce compelling iGaming content across four pivotal North American areas, namely Ontario, Pennsylvania, Michigan, and New Jersey, marking a significant milestone in catering to a diverse group of gaming aficionados.

Claire Osborne, the driving force behind Interactive initiatives at Inspired, conveyed the critical role of these markets in their growth trajectory. She underscored the positive dynamics of their collaboration with FanDuel and expressed eagerness to augment brand visibility amidst its robust player base. Adding to the enthusiasm, a range of captivating titles like Big Fishing Fortune and Big Spin Bonus are making their debut, promising to offer a refreshing gaming experience.

Reflecting a similar sentiment, Asaf Noifeld, at the helm of casino operations at FanDuel, emphasised their unwavering focus on diversifying their gaming portfolio with offerings from top-tier suppliers. This initiative aims to widen their player base across the selected jurisdictions and redefine the iGaming product landscape by ensuring a superior user experience.

Looking ahead, both companies are gearing up to unveil additional innovative content, setting the stage for a vibrant and evolving gaming landscape in the upcoming months.