In its latest Gaming Industry Outlook, the American Gaming Association found that more gaming CEOs are optimistic about future conditions, despite a potential slowdown in the U.S. economy. . This is on par with their sentiment six months ago. Gaming CEOs, however, are more optimistic about the future than they have been.
In the latest survey, 32% of CEOs were expecting business conditions to improve in the gaming industry. Six months ago, only 20% thought conditions would improve. Their optimism is a bit surprising, given the stellar performance of the sector over the past couple of years. Executives understand the sector may finally be reaching a peak. Yet, gaming CEOs are still optimistic about the future. Both retail and online gaming went on a tear in the aftermath of the pandemic.
Over the next six months, gaming executives expected balance sheets to improve, while revenue and new hiring to slow. The most pessimistic outlook came from gaming equipment suppliers, who don’t expect much in the way of gaming unit sales in the near term. Also, fewer casino operators are expecting to invest in food and beverage operations.
Inflation and interest rates continue to be the biggest concern for more than a quarter of those responding. But a greater number of this survey’s respondents cited geo-political risk and uncertainty of the economic environment as their biggest limiting factors.If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.
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