The Association of Gaming Equipment Manufacturers has reported that its AGEM Index was down by 7.4 percent monthly in December, to 839.1, displaying a 13.6 percent yearly drop.
‘During the latest month, 10 of the 12 AGEM Index companies reported stock price decreases, resulting in 10 negative contributions to the AGEM Index and two positive contributions.
The largest positive contribution was by hospitality software provider Agilysys, which provides solutions for casino resorts, cruise lines, airports, hotels and resorts, tribal gaming and more.
The group saw a 19.2 percent monthly increase in its stock price, leading to an 8.69-point gain in the index. Compared to December of 2021, the group saw a sharp 78 percent stock price increase.
The only other positive contributor to the monthly index was Inspired Entertainment, which provides content, technology, hardware and services for land-based and mobile channels.
The group saw a 3.5 percent monthly increase in its stock price, despite a 2.2 percent annual fall
The largest negative contribution to the index was Australian gaming machine manufacturer Aristocrat, which saw a 12.9 percent monthly decrease in its stock price, resulting in a 36.68-point loss for the AGEM Index. The group also recorded a 30 percent yearly drop in its stock price.
Another top leading gaming machine manufacturer, Light & Wonder, also saw a 9.5 percent decrease in its stock price monthly, leading to an 11.95-point decrease in the index. Light & Wonder recorded a 12.3 percent yearly drop in its stock price in December.
The AGEM Index gathers together twelve players within the gaming equipment manufacturing sphere, including Agilysys, Ainsworth, Aristocrat, Crane, Everi, Galaxy Gaming, Inspired Entertainment, International Game Technology, Konami, Light & Wonder, PlayAGS and Transact Technologies.
