AGA report shows 97% of gambling CEOs feel positive on current business climate

Updated:2024-03-21 14:00    Views:133

The American Gaming Association (AGA) has released its Gaming Industry Outlook in collaboration with Fitch Ratings, which shows that a majority of gambling executives reported feeling positive about current business conditions.

The data was taken from surveys returned by 26 executives from international and US gambling companies, tribal gaming operators, casino operators, equipment suppliers and operators.

A total of 62% rated current conditions as good and 35% rated them as satisfactory.

However, when the study turned to the future of the gambling industry over the next six months, only 20% of executives expected the conditions to be better in the industry.

This was based on the following three factors; economic conditions, consumer intentions and aggregate sentiment.

While they didn’t anticipate any improvements,Online Casino Games 65% did respond that they expected future conditions to be around the same as they are today.

Bill Miller, AGA President and CEO, said: “Gaming’s record momentum has continued into 2023 and that is clearly reflected by the attitudes of gaming executives around the country.

“While projections of slowing growth across the American economy are muting expectations for gaming in the medium term, our industry is well-positioned to weather any potential headwinds.”

Regarding a detailed look at the day-to-day running of gambling operators, 88% net positive expected sales of gamings units for replacement use to increase and 63% net positive anticipate new or expansion use.

Since the last survey, the threat of geopolitical tensions had replaced supply chain delays as one of the biggest concerns for executives, with 31% mentioning it.

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