May 2025
The AGEM Index fell by 1.11 points to 1,741.18 in May 2025, a 0.1 percent loss from the prior month. Compared to one year ago, the index rose 40.9 percent, or 505.56 points. During the latest month, five of the 12 AGEM Index companies reported stock price decreases, which resulted in five negative contributions and seven positive contributions to the AGEM Index.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 6.6 percent decrease in stock price led to a 41.03-point loss to the index. Meanwhile, Konami Corp. (TYO: 9766) saw its stock price decrease by 3.4 percent, leading to a 10.95-point decrease for the index. The largest positive contributor to the index was Agilysys (NASDAQ: AGYS), whose 42.5 percent increase in stock price resulted in a 35.11-point gain to the AGEM Index. The growth of Agilysys’s stock price was fueled by a record setting fiscal year 2025 net revenue of $275.6 million, up 16.1 percent from the prior year.
In May, all three major U.S. stock indices increased from the prior month. The NASDAQ rose by 7.9 percent over the month, while the S&P 500 experienced a 5.5 percent increase. Meanwhile, the Dow Jones Industrial Average rose by 3.7 percent from the prior period.
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.
