RivTrend I-Gaming Index Performs Well in January

6 February 2001
The +11 percent January performance of the RivTrend Global I-Gaming Stock IndexTM increased its gain to +18.4 percent since its introduction in October 2000.

The Global Index is comprised of 15 stocks in North America, Europe and Australia representing the leading worldwide I-gaming companies. The North American Sub Index, which had suffered in December from tax loss selling, rose 24 percent in January. Its EuroAustralia counterpart was up 10 percent in January.

The North American Sub Index performance in January of +24 percent contrasts to only a 5.2 percent gain for the Russell 2000 in January. The NASDAQ National Market Composite by comparison rose only 12.2 percent. The leading performers in January in North America included Starnet Communications (+136 percent), CryptoLogic (+30 percent), AutoTote (+14 percent), and eLot (+6 percent). UBET was down (-29 percent).

At month end, the total market capitalization of North American stocks represented approximately 6 percent of the Global Index's total market capitalization of US$6.778 billion. At January month end, the North American sub Index was still down 14.5 percent since its October 2000 introduction.

The EuroAustralia Sub Index in January was up 10 percent with the biggest gain coming from Stanley Leisure (+31 percent). SL was followed by Boss Media (+13 percent) and Hilton Group (+11 percent).

Sportingbet.com (SBT) debuted on the London Stock Exchange's AIM market at the end of January following a successful underwriting. It had previously traded on London's over the counter OFEX market.

John Dutton is the chief analyst for Investrend Research, as well as the co-founder of the RivTrend Global I-Gaming Stock Index.