March 2024
The AGEM Index decreased by 42.18 points to 1,218.92 in March 2024, a 3.3 percent decrease from the prior month. Compared to one year ago, the index was up 273.11 points, or 28.9 percent. During the latest month, five of the 12 AGEM Index companies reported stock price increases, which resulted in five positive contributions and seven negative contributions to the AGEM Index.
 
The largest negative contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 8.0 percent decrease in stock price led to a 34.83-point loss to the index. Meanwhile, International Game Technology PLC (NYSE: IGT) saw its stock price decrease by 16.9 percent, leading to a 19.91-point loss for the index. The largest positive contributor to the index was Crane NXT, Co. (NYSE: CXT), whose 6.0 percent increase in stock price resulted in a 5.48-point gain to the AGEM Index.
 
All three major U.S. stock indices increased in March 2024, which marked the fifth consecutive month of growth across the board. The S&P 500 rose by 3.1 percent over the month, while the Dow Jones Industrial Average grew by 2.1 percent. Additionally, the NASDAQ increased by 1.8 percent from the prior month.
 
Note: In April 2023, Crane NXT, Co. separated from Crane Company. The listed stock price prior to that date is a pro forma calculated estimate.
 
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.