The AGEM Index – a monthly stock performance guide comprising 10 global gaming suppliers – fell by 0.7% month-on-month or 13.52 points to 1,889.77 points in July, with Konami seeing the largest negative contribution.
The index was 32.8% or 466.28 points higher compared with the same month in 2024, with five of the 10 AGEM Index companies reporting year-on-year stock price increases.
The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest negative contributor to the index in July was Konami, which saw its stock price decrease by 10.1% month-on-month – resulting in a 67.58-point loss to the index.
The largest positive contributor for the month was Aristocrat, which saw its stock price increase by 7.5%, leading to a 48.40-point increase for the index. Also on the up was Crane NXT, whose stock price increases by 10.1%, leading to a 10.00-point increase for the index.
AGEM noted that two previously announced acquisitions of AGEM Index companies were completed over the past month. Brightstar Capital Partners completed its US$1.1 billion acquisition of PlayAGS, Inc, which went private and was delisted from the New York Stock Exchange (NYSE). In the other transaction, an affiliate of private equity giant Apollo Global Management acquired the gaming and digital units of International Game Technology PLC and Everi Holdings Inc for a combined US$6.3 billion. The newly split IGT company and Everi went private and were delisted from the NYSE.
IGT’s lottery business was not involved in the transaction and remained on the NYSE under the new name of Brightstar Lottery.
In July, two of the three major US stock indices increased from the prior month. The NASDAQ rose by 2.0% in July, while the S&P 500 experienced a 0.6% increase. Meanwhile, the Dow Jones Industrial Average fell by 2.0% from the prior period.
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