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Gaming Index Reverses Three-Month Slide

LAS VEGAS-The index, which is comprised of nine publicly held gaming companies with significant operations in Nevada, rises for the first time since May.

By Brian K. Miller | Updated on October 03, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

LAS VEGAS-Applied Analysis’ Gaming Index reversed a three-month slide in September, rising 12.1 points, or 3.6%, to 349.1. The locally based research firm’s Index tracks the stock prices of nine casino companies with significant operations in Nevada. Launched in 1998 with a value of 100, the Index crested in May at 379.3 and declined in June, July and August, bottoming out at 337.

Valuations began to bounce back at the end of August and carried into September, when eight of the nine companies in the Index posted month-to-month increases in their daily average stock prices. For comparison, the S&P 500 (when computed on a similar basis) reported a 2.3% month-to-month increase. Year-over-year, the Index is up 20.6%, compared to 7.4% for the S&P 500. While the Index as a whole is up 20% on a year-over-year basis, the performance was not spread evenly across the Index.

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