Top executives in the U.S. gaming industry express optimism about business conditions
According to the survey, 42% of respondents described the state of the business as "good," while 55% rated it as "satisfactory." In comparison, the previous report from the first quarter of 2023 indicated that 62% and 35% of participants viewed business conditions as "good" and "satisfactory," respectively.
When asked about future conditions, 58% of respondents anticipated that they would remain roughly the same. The remaining participants were nearly evenly split between expectations of improvement or deterioration.
The survey included 33 executives, comprising leaders from major international and national gaming companies, tribal gaming operators, and casinos. Additionally, the respondents included representatives from prominent gaming equipment suppliers and popular iGaming and sports betting operators.
The Gaming Industry Outlook, prepared by Oxford Economics and presented in partnership with Fitch Ratings, is a biannual review of the U.S. gaming industry's performance conducted by the AGA.
Bill Miller, President and CEO of the AGA, reported significant growth and record demand for legal, regulated gaming in the post-pandemic era. He noted that this has enabled AGA members to consistently invest in products and personnel, providing innovative entertainment options for adult Americans. Miller also emphasized that gaming company CEOs remain focused on delivering world-class entertainment despite economic uncertainties.
Meanwhile, Australian operator Star Entertainment is selling its Treasury Brisbane casino for $200 million.
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