AGEM Index Decreased by 51.38 Points to 1,055.70 in September
(October 6, 2023) — The Association of Gaming Equipment Manufacturers (AGEM) works to advance the interests of gaming equipment manufacturers around the world. Every month it publishes an updated index featuring 12 global game providers. Nine of these providers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, two on the Australian Stock Exchange and one on the Tokyo Stock Exchange. The index is calculated based on each company’s month-end share price (adjusted for dividends and splits) and weighted to approximate market capitalization.
| AGEM Index Companies | Stock Price | Percent Change | Index
Contribution |
|||
|---|---|---|---|---|---|---|
| Sep ’23 | Aug ’23 | Sep ’22 | vs.
Prior Month |
vs.
Prior Year |
||
AgilysysNasdaq: AGYS (US$) |
66.16 | 70.55 | 55.35 | -6.2 | 19.5 | -2.64 |
Ainsworth Game TechnologyASX: AGI (AU$) |
1.01 | 0.96 | 0.87 | 5.2 | 16.1 | 0.24 |
Aristocrat Leisure LimitedASX: ALL (AU$) |
40.85 | 40.90 | 32.92 | -0.1 | 24.1 | -3.79 |
Crane NXT, Co.NYSE: CXT (US$) |
55.57 | 59.36 | 30.15 | -6.4 | 84.3 | -5.11 |
Everi Holdings Inc.NYSE: EVRI (US$) |
13.22 | 14.46 | 16.22 | -8.6 | -18.5 | -2.53 |
Galaxy Gaming Inc.OTCMKTS: GLXZ (US$) |
2.65 | 3.00 | 2.50 | -11.7 | 6.0 | -0.19 |
Inspired Entertainment, Inc.Nasdaq: INSE (US$) |
11.96 | 13.18 | 8.83 | -9.3 | 35.4 | -0.74 |
International Game Technology PLCNYSE: IGT (US$) |
30.32 | 32.02 | 15.80 | -5.3 | 91.9 | -8.17 |
Konami Corp.TYO: 9766 (¥) |
7,887 | 8,456 | 6,680 | -6.7 | 18.1 | -16.50 |
Light & Wonder Inc.Nasdaq: LNW (US$) |
71.33 | 76.67 | 42.88 | -7.0 | 66.3 | -11.50 |
PlayAGS Inc.NYSE: AGS (US$) |
6.52 | 6.83 | 5.30 | -4.5 | 23.0 | -0.29 |
Transact TechnologiesNasdaq: TACT (US$) |
6.42 | 7.15 | 3.65 | -10.2 | 75.9 | -0.17 |
September 2023
The AGEM Index decreased by 51.38 points to 1,055.70 in September 2023, a 4.6 percent decline from the prior month. Compared to one year ago, the index was up 315.92 points, or 42.7 percent. During the latest month, 11 of the 12 AGEM Index companies reported stock price decreases, which resulted in 11 negative contributions and one positive contribution to the AGEM Index.
The largest negative contribution to the monthly index was sourced to Konami Corp. (TYO: 9766), whose 6.7 percent decrease in stock price led to a 16.50-point loss for the index. Meanwhile, Light & Wonder Inc. (Nasdaq: LNW) saw its stock price fall by 7.0 percent, leading to a 11.50-point loss for the index. The lone positive contribution to the index was sourced to Ainsworth Game Technology (ASX: AGI), whose 5.2 percent increase in stock price resulted in an 0.24-point gain to the AGEM Index.
All three major U.S. stock indices declined in September 2023. The NASDAQ declined by 5.8 percent over the month, while the S&P 500 fell by 4.9 percent. Meanwhile, the Dow Jones Industrial Average decreased by 3.5 percent from the prior month.
Note: In April 2023, Crane NXT, Co. separated from Crane Company. The listed stock price prior to that date is a pro forma calculated estimate.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.
About AGEM
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
About Applied Analysis
The AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide range of services, including urban economic consulting, financial advisory services, market analysis, public policy analysis, hospitality industry and gaming consulting, and information system and technology consulting.
SOURCE: Association of Gaming Equipment Manufacturers (AGEM).
Tags: AGEM, September Index
