AGEM Index rebounds in April with 7.8% monthly gain following March slump

The AGEM Index posted a strong rebound in April 2025, rising by 126.55 points, or 7.8 percent, to close at 1,742.29. The increase marked a notable recovery following a sharp decline of 9.3 percent in March, when the index fell by 164.88 points. Year-over-year, the AGEM Index is now up 57.1 percent, equivalent to a gain of 633.23 points.

Seven of the 12 companies tracked by the Association of Gaming Equipment Manufacturers (AGEM) Index recorded gains in April, contributing to a positive monthly trend.

The most notable contributor was Konami Corp., whose stock surged 15.8 percent, adding 91.34 points to the index. Aristocrat Leisure Limited  also played a key role, with a 4.2 percent increase in share price resulting in a 40.46-point boost to the index.

Meanwhile, the largest drag came from Crane NXT, Co., whose 8.7 percent drop in stock value shaved 6.00 points off the overall index. Despite this, the AGEM Index outperformed major U.S. stock indices in April. The Dow Jones Industrial Average declined by 2.9 percent, while the S&P 500 slipped by 0.5 percent. The NASDAQ, however, posted a 1.5 percent gain.

The April recovery followed a difficult March, when all 12 AGEM Index companies posted losses, driven by broader market concerns over federal trade and tariff policies. In that month, Aristocrat Leisure Limited saw its stock drop 11.0 percent, leading to a 75.59-point loss for the index. Light & Wonder Inc. experienced a steeper 22.3 percent decline, contributing to a 49.37-point drop.

Despite short-term volatility, the index has maintained a strong upward trajectory over the past year. The AGEM Index is compiled monthly and includes publicly traded companies that manufacture gaming machines and systems, representing a cross-section of the global gaming supply industry.