The AGEM index, a measure of the stock prices of a range of casino technology suppliers, fell by 149.30 points to 1,472.20 in March, a 9.2-percent decline from the prior month. Compared to March 2024, the AGEM index fell 8.9 percent, or 143.54 points.
During the latest month, seven of the nine AGEM Index companies reported stock price decreases, according to data issued by the Association of Gaming Equipment Manufacturers (AGEM).
The largest negative contributor to last month’s index was Australia-listed slot machine specialist and online content provider Aristocrat Leisure Ltd. Its 5.7-percent decrease in stock price led to a 58.84-point loss to the index.
Japan-listed Konami Group Corp saw its stock price decline by 7.2 percent, leading to a 49.54-point decrease for the March index. The group supplies slot machines and casino floor management systems via its Konami Gaming Inc and Konami Australia Pty Ltd units.
The sole positive contributor to the index was Galaxy Gaming Inc, a manufacturer of casino table game products. Its 17.6-percent increase in stock price resulted in a 0.28-point gain to the AGEM Index.
In March, all the three major U.S. stock indices decreased from the prior month. The Nasdaq fell by 4.8 percent over the month, the S&P 500 experienced a 5.1-percent loss, and the Dow Jones Industrial Average declined by 5.4 percent relative to February.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.
The association began compiling data for the index in January 2005 using a base of 100 points. The stocks that constitute the AGEM Index are weighted by approximate market capitalisation.
