Las Vegas, October 2025 — The Association of Gaming Equipment Manufacturers (AGEM) Index, which tracks the stock performance of major global gaming technology suppliers, posted a 3.0% month-over-month decline in September 2025 but remains up 24% year-on-year, reflecting the sector’s overall resilience amid fluctuating market conditions.
According to the AGEM report, the index fell 58.52 points, closing at 1,925.21, after reaching multi-year highs earlier in 2025. Despite the pullback, the annual comparison shows robust growth of 372.62 points from September 2024, underscoring strong investor confidence in the gaming technology sector.
Out of the ten publicly traded companies comprising the index, five posted positive contributions and five registered declines. Japan’s Konami Corp. led the downward trend, with its share price falling 4.7%, subtracting 30.84 points from the index. Aristocrat Leisure Ltd., a heavyweight in gaming systems and digital operations, declined 3.6%, cutting an additional 23.50 points.
On the upside, Crane NXT delivered the strongest performance, with shares climbing 12.3%, contributing 14.24 points to the overall index. Smaller positive movements from Light & Wonder and Ainsworth Game Technology helped partially offset broader losses tied to macroeconomic headwinds and cautious sentiment in global equity markets.
Analysts note that September’s decline mirrors general volatility across U.S. and Asian exchanges, where interest rate uncertainty and lower-than-expected Q3 earnings tempered investor enthusiasm. However, gaming technology remains a long-term outperformer, buoyed by increasing capital expenditures on digital transformation, cashless systems, and global slot floor modernization.
The AGEM Index, compiled in partnership with Applied Analysis, aggregates stock data from manufacturers including Aristocrat, Konami, Everi, IGT, Crane NXT, and Light & Wonder, providing a key benchmark for gaming industry performance.
Despite short-term fluctuations, industry observers expect sustained growth through late 2025 as casino suppliers continue to benefit from expanding regulated markets, higher equipment replacement cycles, and ongoing investment in iGaming infrastructure worldwide.
