The AGEM Index, published by the Association of Gaming Equipment Manufacturers, saw a subdued increase in August, rising by 1.2 percent month-on-month and 33.1 percent yearly.
During the month, seven of the 12 companies on the index saw their stock prices increase, the largest contributor of which was Light & Wonder, who saw a 9.1 percent monthly increase and a 55.7 yearly rise.
Trailing close behind was Konami, with a 6.1 percent month-on-month increase, and a 19.4 percent yearly rise.
Galaxy Gaming likewise saw an increase, of 11.1 percent monthly, helping further bolster the index. The company’s stock has increased 4.2 percent compared to July of 2022.
The strongest negative contribution to the index was International Gaming Technology (IGT), with a 5.4 percent monthly drop, despite a 78.5 percent yearly rise in its stock price.
During the month, all three major stock indices saw monthly drops, with the NASDAQ down by 2.2 percent month-on-month, while the S&P fell 1.8 percent and the Dow Jones declined by 2.4 percent compared to July.