I know it might seem impossible to find anything positive in their results and I have not been very complimentary in the past of AGI's dismal performance, but there does seem like a slight glimmer of hope in a very important future growth segment for AGI. AGI have report a 6% YoY increase in the North American gaming operations install base. Yes, AGI's outright unit sales dropped by a massive 52%, which is somewhat expected given casinos slashing their CapEx. But during these tough times AGI has managed to grow their gaming operations install base. I think this is a good change for AGI because for many years their gaming operations install base has continued to shrink so to expand it is a welcome change. The problem with AGI is they have a proven track record of not being able to sustain and drive positive changes so time will tell whether this is the start of a longer term positive change or just another wasted opportunity. Also, what is not clear to me at this stage is how much the MTD acquisition contributed to the growth in the gaming operations install base.
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