Those on the top level of the US gaming sector are finding the market a little more difficult than they were at the start of the year, an American Gaming Association (AGA) study has revealed.
Out of 33 gaming CEOs, the number who reported the current business situation as “good” dropped from 62% to 42% between Q1 and Q4. On the other hand, the number of CEOs who reported conditions as “satisfactory” increased to 55% this time around, up 20 percentage points from the first quarter of 2023.
future outlook totals remain neutral from the same study taken in Q1
In regard to the future outlook, the CEOs aren’t too optimistic. More than half expect the next three to six months to remain about the same, while the remaining 42% are evenly split between execs expecting better or worse conditions. These future outlook totals remain neutral from the same study taken in Q1.
On average, executives believe that their balance sheet health will improve in the near future in addition to their pace of capital spending. However, they also expect revenue growth to slow.
Commenting on the findings, AGA CEO Bill Miller said: “Gaming CEOs remain focused on delivering world-class entertainment options against the backdrop of broader economic uncertainty.”