AGEM Gambling Index Fell in September
The global index of gaming technology stocks dropped 6.1% last month amid widespread declines.
Updated on Oct. 7, 2026 in Gambling

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The AGEM Index declined 118.24 points to reach a value of 1,811.01 in September 2026. This monthly drop of 6.1% reflects a broader downturn across eight of the nine gaming companies tracked by the index.
Why it matters
The index performed poorly compared to broader market trends, as gaming technology stocks faced significant headwinds. While the NASDAQ saw gains during the same period, the gaming sector faced distinct downward pressure.
Aristocrat Leisure Limited saw a 2.3% stock price decrease, while Light & Wonder experienced a sharper 16.8% drop. These two companies contributed a combined 85.72-point loss to the total index decline.
The players
Aristocrat Leisure Limited
This is an Australian gaming company that develops and distributes slot machines and digital games worldwide.
Light & Wonder
This company is a cross-platform global leader in gaming and entertainment technology solutions.
SciPlay
This entity focuses on the development and operation of social casino and casual games for mobile and web platforms.
The details
Eight of the nine companies tracked by the index reported stock price decreases throughout the month. This sector volatility stands in contrast to the Dow Jones Industrial Average, which fell 4.3%, and the S&P 500, which saw a 0.5% decrease.
Timeline
September 2025 served as the base month for year-over-year comparisons.
September 2026 saw the AGEM Index fall by 118.24 points.
October 2026 marks the upcoming departure of the SciPlay CEO.
Culture Shift
The divergence between gaming technology stocks and the broader tech market highlights a shift in investor sentiment toward leisure and gambling-adjacent equities. This trend reflects how specific regulatory and consumer spending environments differentiate gaming from general software sectors.
Investors with exposure to gaming sector mutual funds or individual gaming stocks may have seen decreased portfolio values throughout September. The volatility suggests a need for retail investors to review their allocations within the broader entertainment and leisure landscape.
The takeaway
The recent decline underscores the sensitivity of gaming technology firms to specific market pressures that do not always affect the broader tech sector. Investors should remain attentive to management changes and stock performance of key index constituents to gauge future stability.
What happens next
The CEO of SciPlay is scheduled to step down at the end of October 2026, which may influence company-specific market performance in the coming quarter.
Further reading
For more background on industry-specific trends, visit our Gambling section.
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