Majority of US gaming executives reserved on future outlook
Despite this ambiguous view of the future economic backdrop, 60% of gaming executives who were asked characterised current business conditions as good and 35% as satisfactory. This compares with expectations of future performance, with only 20% of expecting conditions to improve, while 64% said that the environment would be broadly the same.
“Gaming’s record momentum has continued into 2023 and that is clearly reflected by the attitudes of gaming executives around the country,” said AGA president and CEO Bill Miller. “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.”
The AGA’s Industry Outlook – presented in partnership with Fitch Ratings – provides a snapshot of the current and future economic shape of the industry based on a number of key indicators, including executive sentiment, casino visitation plans, gaming revenue and other economic signals.
Gaming executives show cautious attitudes for growth
The AGA said the results from its gaming executives survey showed “cautious attitudes for growth” over the next six months. The majority of executives expect that the pace of new employee hiring, revenue growth and customer activity to decrease over the period, rather than increasing.