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

Bold flat-color editorial illustration of gaming chips and a mechanical gear, evoking systemic market decline.
The AGEM gaming technology index dropped 6.1% in September, reflecting a downturn across most companies tracked by the global sector benchmark. AI Illustration. Upload story photo >

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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

  1. September 2025 served as the base month for year-over-year comparisons.

  2. September 2026 saw the AGEM Index fall by 118.24 points.

  3. 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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