WASHINGTON D.C. (KOLO) – Gaming CEOs expressed optimism about the future of the gaming industry despite what they say is an evolving economic landscape.
According to the American Gaming Association’s Gaming Industry Outlook, nearly all gaming executives rated the current business environment as good or satisfactory, mirroring feelings expressed from the third quarter of 2023.
Executives also expressed more optimism about future conditions, with 32% of CEOs expecting business conditions to improve in the next six months, up 20% from the third quarter of 2023.
“Gaming’s record-setting growth over the last three years has set a new standard for industry success,” said AGA President and CEO Bill Miller. “However, as we enter a period of market normalization, continued investment and innovation in offering world-class, responsible entertainment experiences will be required to maintain industry momentum.”
Despite a positive six-month outlook, gaming CEOs also expect the pace of revenue growth and new hiring to slow.
Gaming executives report that inflationary or interest rate concerns continue to be a major factor in limiting operations, however, these have been overshadowed by geo-political risk and an uncertainty over the economic environment.
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