The vast majority of US gaming CEOs don’t assume that present enterprise situations are good, in response to an AGA examine. [Image: Shutterstock.com]
These on the highest degree of the US gaming sector are discovering the market a bit tougher than they have been in the beginning of the 12 months, an American Gaming Affiliation (AGA) examine has revealed.
Out of 33 gaming CEOs, the quantity who reported the present enterprise scenario as “good” dropped from 62% to 42% between Q1 and This autumn. Alternatively, the variety of CEOs who reported situations as “passable” elevated to 55% this time round, up 20 share factors from the primary quarter of 2023.
future outlook totals stay impartial from the identical examine taken in Q1
In regard to the long run outlook, the CEOs aren’t too optimistic. Greater than half count on the following three to 6 months to stay about the identical, whereas the remaining 42% are evenly cut up between execs anticipating higher or worse situations. These future outlook totals stay impartial from the identical examine taken in Q1.
On common, executives consider that their steadiness sheet well being will enhance within the close to future along with their tempo of capital spending. Nevertheless, in addition they count on income development to gradual.
Commenting on the findings, AGA CEO Invoice Miller mentioned: “Gaming CEOs stay targeted on delivering world-class leisure choices in opposition to the backdrop of broader financial uncertainty.”
The numbers come from an AGA examine performed between August 28 and September 6, 2023. The playing physique spoke with a complete of 33 top-level executives at main worldwide and home gaming corporations, together with each suppliers and operators.