Gaming CEOs remain optimistic despite industry changes, AGA survey says
The results show CEOs are more confident in the future of the industry than they were last year.
A recent report from the American Gaming Association’s (AGA) Gaming Industry Outlook has surveyed gambling industry executives. The results show that gaming executives have a positive outlook on the future of the industry despite potential challenges in the evolving market.
Oxford Economics prepares the AGA Gaming Industry Outlook biannually. During the survey conducted in the first quarter of this year, 32 executives responded.
Those surveyed include leadership of both major international and domestic gaming companies, along with Tribal gaming operators single-unit casino operators, major gaming equipment suppliers, and major iGaming and/or sports betting operators.
According to the study, nearly 44% of executives surveyed said that they would describe the current business market as “good,” while 50% said that the environment is “satisfactory.”
The AGA said these results mirror those collected last year.
Another 32% of executives expressed optimism about the future of the industry and said that they are “expecting business conditions to improve over the next six months.”
This result rose by 20 percentage points when compared to the number of executives who expressed the same sentiments last year.
AGA President and CEO Bill Miller discussed how the current growth trends have affected the evolving industry.
He commented, “Gaming’s record-setting growth over the last three years has set a new standard for industry success.
“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.”
The AGA’s membership is comprised of commercial and Tribal casino operators, sports betting and iGaming companies and gaming suppliers.
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