The AGEM Index rose 8.2% in June 2026 to 1,707.15 points, a monthly gain of 128.94 points driven almost entirely by a jump in Aristocrat Leisure’s share price. The recovery from May did not reverse a weaker run for gaming equipment suppliers: the benchmark finished June 10.3%, or 196.14 points, below where it stood a year earlier.
The index, compiled by the Association of Gaming Equipment Manufacturers (AGEM), tracks the share performance of nine publicly listed companies that make slot machines, electronic systems, lottery technology and related gaming components. Five of the nine constituents gained ground in June and four fell, producing a net monthly increase that was concentrated in a small number of names.
Aristocrat and Crane NXT lead the gains
Aristocrat Leisure was the single largest contributor. Shares in the Australian supplier climbed 22.3% during the month, adding 136.32 points to the index on their own, more than the index’s total monthly gain of 128.94 points. That means the rest of the nine constituents, taken together, subtracted from the benchmark.
Aristocrat has drawn investor attention on the back of continued growth in its gaming operations and wider business. In its most recent results the company reported a rise in half-year net profit, with its gaming segment carrying the performance.
Crane NXT was the second-largest positive contributor. The industrial technology company, whose products include components used in the gaming sector, saw its shares rise 31.7% in June, adding 27.95 points to the index. No other constituent came close to the impact of those two names.
Konami and other decliners weigh on the benchmark
The largest drag came from Konami Group. Shares in the Japan-listed company fell 6.7% over the month, cutting 37.50 points from the index, according to figures reported by GGRAsia. Three other constituents also declined, offsetting part of the gains from Aristocrat and Crane NXT.
The pattern points to a benchmark propped up by company-specific movements rather than a broad recovery across the sector. With the monthly gain resting on two stocks, and four of nine names lower, the June result says more about Aristocrat’s standing with investors than about a uniform improvement in demand for gaming equipment.
Gaming stocks outperform a mixed month for equities
The index’s advance came during a weaker month for the broader U.S. market. The Nasdaq fell 2.8% in June and the S&P 500 dropped 1.1%. Only the Dow Jones Industrial Average moved higher, rising 2.5% against May. The AGEM Index’s 8.2% gain therefore ran ahead of two of the three major benchmarks, though that gap was largely a function of Aristocrat’s rally rather than sector-wide strength.
Still below year-ago levels
Despite the monthly rebound, the index remains 10.3% lower than in June 2025. The year-on-year decline points to tougher conditions for equipment suppliers over the past 12 months, a period in which the sector has traded through shifting demand and company-specific results rather than a single market-wide trend.
AGEM has calculated the index monthly since January 2005, when it was set at a base value of 100 points, in cooperation with Applied Analysis, a Nevada-based advisory firm. Constituents are weighted by approximate market capitalisation, so larger companies such as Aristocrat exert more influence on monthly moves. That weighting helps explain how a single stock could lift the whole benchmark in June.
The suppliers behind the index sit upstream of the operators ranked among the top B2B gambling suppliers by revenue, and their share performance is a monthly read on how investors view the equipment side of the industry. For a fuller picture of where the money sits across the sector, the largest gambling companies ranked by 2025 revenue show the operator end of the same chain.
Whether June marks a turn or a one-month bounce will depend on the next set of company results and on whether Aristocrat can hold its gains. Until the other constituents contribute more evenly, the index is likely to stay hostage to a handful of stocks, and the gap to last year’s level will take more than one strong month to close.
Source: AGEM
