In 2023, U.S. commercial casinos won $65.5 billion in revenue, the best year ever. Not surprisingly, in a recent survey conducted by the American Gaming Association (AGA), the mood among gaming industry CEOs was generally positive.
According to the AGA’s Gaming Industry Outlook Index, prepared by Oxford Economics, of 32 executives polled, most rated the current business environment as good or satisfactory, and 32 percent expect business to improve over the next six months, compared to 20 percent during the third quarter of 2023.
“Gaming’s record-setting growth over the last three years has set a new standard for industry success,” said AGA President and CEO Bill Miller.
“However, as we enter a period of market normalization, continued investment and innovation in offering world-class, responsible entertainment experiences will be required to maintain industry momentum.”
Twenty-eight percent of executives said inflationary or interest rate concerns could limit growth and operations, and 34 percent cite geopolitical risks and economic turbulence as the greatest concerns.
As reported by MSN, the survey showed executives are optimistic about the industry’s “overall balance health sheet” through the third quarter, though 13 percent expect a net negative in revenue growth and 22 percent anticipate a downturn in hiring.
In other details, equipment suppliers foresee a decline in sales, but remain confident about the pace of capital investment.
