A recent study of the casino gaming sector shows optimism among industry executives. The study, a collaborative project between the American Gaming Association (AGA) and Fitch Ratings, polled 26 executives from different segments of the industry, including operators, vendors, and tribal gaming executives.
A significant majority of those polled, 62%, believe the current business climate is positive, with an additional 35% deeming it adequate. This optimistic sentiment is balanced by a more guarded outlook for the coming months. Only 20% of executives predict the industry will improve in the next half-year. This reluctance likely arises from worries about the wider economic landscape, consumer spending patterns, and overall market feeling.
Despite these apprehensions, the industry remains robust. Two-thirds of respondents anticipate the business environment to hold steady over the next six months. Bill Miller, AGA President and CEO, mirrored this view, stating, “The gaming industry’s momentum has continued into 2023, which is clearly shown in the attitude of gaming executives nationwide. While economic challenges may create some instability in the near term, our industry is well-situated to manage any potential difficulties.”
A new poll of gaming businesses shows a rosy picture for the sector. A significant 88% of those surveyed predict an increase in gaming device sales, indicating a concentration on renovation and improvement. This hopeful attitude is bolstered by a firm faith in expansion, with 63% predicting the introduction of new gaming software and markets.
Intriguingly, while supply chain bottlenecks have been a key worry in recent years, geopolitical instability has taken the lead, with 31% of leaders identifying it as a top issue. This change reflects the industry’s changing environment and the complicated difficulties that the gaming industry faces worldwide.
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