The American Gaming Association (AGA), in partnership with Fitch Ratings, has presented survey data from gaming executives. The Gaming Industry Outlook report shows that many industry executives have a positive view of business conditions, despite economic uncertainty.
Nearly all the gaming executives surveyed gave positive outlooks regarding the current business situation, to the tune of 97%. In a breakdown of responses, 62% of industry leaders described business as “good,” while 35% said it was “satisfactory.”
Conversely, close to 20% of those surveyed said they expect future conditions “to be better than today.” Another 64% said they expect conditions in the future to remain the same as they are today.
As it relates to interest rates and inflation, 69% of respondents to the survey voiced that this is the top concern among industry leaders. Another 38% named economic uncertainty as a top concern.
AGA President and CEO Bill Miller commented on American economic trends and the effect on the gaming industry.
He 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.”
The AGA is a nation trade group that represents the casino industry throughout the US. The group includes a diverse community of members that is comprised of both Tribal and commercial casino operators and gaming operators, as well as sports betting and iGaming companies.
