AGEM Index Records a 4% Drop for Gaming Machine Manufacturers

We dissect the latest 4% drop in the AGEM Index. L&W contributes a positive number while Konami contributes a decelin. YoY, the AGEM Index is positive.

December 2025’s numbers are out, and the latest AGEM index report reflects my recent report, which follows a poor 2025 for iGaming stocks.

Overall, December’s figures are not positive, with a 4% decline to 1,831.68 points.

That means it fell by 75.93 points from November.

This gambling news comes as the broader U.S. stock market showed mixed results: the NASDAQ declined 0.5%, the S&P 500 dropped 0.1%, and the Dow Jones Industrial Average gained 0.7%.

Positive Year-on-Year Performances

With that being said, overall, the year-on-year performances of the gaming equipment manufacturing companies covered in the AGRM index are reasonably positive.

Also, it’s worth noting that many of these companies will not be affected by the rise in British gambling taxes, which mostly focuses on Remote Gaming Duty, which has been a partial reason why Playtech’s earnings, as reported in today’s iGaming stocks overview, are not as strong as usual.

Of the ten companies, only Light & Wonder Inc., Inspired Entertainment, Inc., and Aristocrat Leisure Limited operate in the UK, where Machine Games Duty (MGD) was not affected in the latest budget.

Konami Corporation and Crane NXT Report Downsides, but Strong Momentum Remains on the AGEM

Despite the current AGEM drop, the index maintains strong annual momentum, up 17.1% from December 2024. Seven of the 10 tracked gaming suppliers experienced stock price declines during the month, with Konami Corporation and Crane NXT leading the declines. Light & Wonder was the only company among the ten tracked to record positive figures. Its value rose by 3.0%, which incidentally added 8.01 points.

Source: If you want to keep track of the AGEM index or double-check the facts and figures we’ve reported in this news story, feel free to visit the AGEM Index official website.

December 2025 AGEM Stats

Major Contributors to Index Movement

Konami Corporation suffered the steepest decline, with its stock price falling 10.5%, resulting in a 64.20-point drag on the index. Crane NXT followed with a 16.4% decrease, contributing a 14.12-point loss.

On the positive side, Light & Wonder’s 3.0% stock increase added 8.01 points, while Inspired Entertainment and Galaxy Gaming also posted gains of 13.9% and 4.4%, respectively.

While December proved challenging, the year-over-year comparison tells a different story. The AGEM Index has climbed 266.86 points (17.1%) since December 2024.

AGEM Outpaces Major Stock Markets: AGEM Index growth has outpaced the S&P 500’s 16.4% annual gain and the Dow’s 13.0% increase. The NASDAQ leads with 20.4% annual growth.

Casinoplusbonus Opinion

For online players, monthly fluctuations in stock prices among gaming equipment manufacturers rarely translate into immediate changes in their gaming experience. These companies supply the technology and games that power online casinos, but their short-term stock performance does not affect platform stability or game availability.

The strong annual growth suggests continued investment in new games and technology improvements that benefit players over time.

The December decline represents normal market volatility rather than fundamental industry weakness. Gaming equipment manufacturers face the same economic pressures as other tech sectors, including concerns about interest rates and global market uncertainty.

However, the robust 17.1% annual growth demonstrates genuine sector strength driven by expanding regulated markets and technological advancement. From an investor perspective, the dip may present an opportunity, while players can expect continued service quality regardless of short-term stock movements.

The gaming supply industry remains financially healthy, supporting ongoing innovation in games and platforms that ultimately benefit the player experience.