Since its launch October 16, 2000, the RivTrend Global Index of the 15 leading I-gaming companies rose 6.6 percent through the year-end to 106.6. The move contrasts for the same period with a decline of 24 percent for the NASDAQ index and a decline in Q4 of 20.2 percent for the Russell 2000 Growth Stock Index.
The year-end market cap of our Global I-Gaming Stock Index stood at US$6.2 billion, and was comprised of its North America sub-index at $331 million and the EuroAustralia sub-index at US $5.8 billion. The Global Index comprises a rise of 10.3 percent for the EuroAustralia I-gaming stocks, while North American Index members declined 32.9 percent.
In U.S. dollar amounts, the North American decline was led by eLOT ($45.1mm) and CryptoLogic ($41.92mm). Starnet declined $31.56 million during this approximately 10-week period. The percent declines of Index companies with significant market caps in North America were SNMM - 70%, ELOT - 58%, UBET - 38%, Auto Tote (TTE) - 7%, and CRYP - 23%.
In the EuroAustralia sector, Hilton Group (owner of Ladbrokes) was up 14 percent. Sportingbet.com was up 16 percent through its last trade on November 9 on London's over the counter OFX markets, and resumes trading in January 2001 on London's AIM exchange. Boss Media, trading on the Stockholm Exchange, declined 4 percent. ENIC, trading on the LSE, declined 21 percent. With Australia's Year end I-gaming moratorium, the two Australian stocks in the Index were off at the end of the year.
John Dutton is the chief analyst for Investrend Research
, as well as the co-founder of the RivTrend Global I-Gaming Stock Index.