Happy Thanksgiving from GGB; Newsletter Returns December 4

AGEM Index Down for September

The AGEM Index of gaming supplier stock prices for September was down 91.73 points compared to August, and 306.97 points, or 23 percent, year-on-year.

AGEM Index Down for September

The AGEM Index, which tracks stock prices of major gaming suppliers, fell by 91.73 points in September, as compared to the prior month. Year over year, the Index was down 306.97 points, or 29.3 percent.

In September, 11 of the 12 AGEM Index companies reported stock-price decreases, resulting in 11 negative contributions to the AGEM Index and one positive contribution.

The largest negative contributor to the monthly index was Aristocrat Leisure Limited, whose 7.8 percent decrease in stock price led to a 44.19-point loss to the index. Additionally, Konami Corp. contributed a 13.67-point decline in the Index, due to a 5.7 percent decrease in its stock price. The lone positive contribution to the index was Agilysys, whose 6.9 percent increase in stock price resulted in a 2.22-point gain.

By comparison, all three major U.S. stock indices sustained month-over-month decreases in September, marking the second consecutive month of across-the-board declines. The Dow Jones Industrial Average fell by 8.8 percent from August, the S&P 500 declined by 9.3 percent, and the NASDAQ fell 10.5 percent over the latest period.