Gaming CEOs remain positive

Gaming CEOs are optimistic about the industry’s continued growth and recovery, according to the American Gaming Association’s Gaming Industry Outlook presented in partnership with Fitch Ratings.

More survey respondents (67 per cent) rate the current business situation as “good” than six months ago (54 per cent), while none describe it as “poor.”

Meanwhile, four in 10 CEOs expect the industry’s business climate to improve over the next two quarters compared to 13 per cent that expect business conditions to worsen.

“Gaming executives are signaling confidence in our continued recovery that is in line with record-setting consumer demand for gaming,” said AGA president and CEO Bill Miller. “I’m optimistic that 2022 will see the return of a true sense of normalcy for gaming.”

While gaming CEOs are generally positive about the industry’s economic outlook, they also report macroeconomic impediments to business growth. Top concerns include: supply chain issues (75 per cent); inflationary and interest rate concerns (67 per cent); and labour shortages (54 per cent).

Notably, Covid-19 and demand for meetings and events are no longer among the top five concerns for gaming CEOs. “Like businesses across the country, our industry is grappling with supply chain, labour and inflation challenges that, if left uncontrolled, could dampen our continued growth and economic outlook,” added Miller.