The American Gaming Association (AGA) trade association in the United States has announced the findings of a special study, which revealed a general sense of optimism about the present situation and potential future of the country's gaming business.
The advocacy group explained in a formal press release on Tuesday that its assessment was carried out in collaboration with international capital research company Fitch Ratings Incorporated and that it consulted with 26 executives from some of the top casino operators, gaming equipment suppliers, and online gaming companies in the United States. The organisation added that its Gaming Industry Outlook exercise was conducted during the week that started on August 30 in order to gauge the third-quarter climate for a market that is estimated to be worth well over $260 billion on an annual basis.
Negative aspects
The AGA's job is to represent the interests of commercial and tribal casino owners, suppliers, and other organisations connected to the gaming industry nationwide. According to the business, supply chain problems are now having a significant negative impact on commerce, and macroeconomic uncertainty and a labour shortage are both substantial barriers to possible future growth, according to 50% of those polled.
a lot of excitement
The AGA, which was founded in 1995, reported that 68% of those polled as part of its most recent Gaming Industry Outlook campaign classified their company's present situation as "good," with another 28% choosing "satisfactory." Additionally, according to the organisation, 92% of respondents said they "expected these conditions to continue or improve over the next three to six months," while only 8% predicted a deterioration.
newly recovered:
The AGA's President and Chief Executive Officer, Bill Miller, said in the news release that the gaming business in the United States has grown significantly over the past two years in response to the disruption brought on by the coronavirus outbreak. The knowledgeable individual went on to say that the sector is still dealing with "future uncertainty" despite common assumption that balance sheets would continue to "improve over the next six months," as the poll revealed "a significant deterioration in the credit environment."
Significant indices
The AGA also stated that the current circumstances index for its Gaming Industry Outlook exercise was 99.5, indicating that as compared to the preceding three months, "real gaming-related economic activity is relatively stable" in the third quarter. The company concluded by stating that the accompanying future indicator, which is 95.3, shows that the sector anticipates activity "to decline moderately over the next six months" at an annualised pace of around 4.7%.
Read Miller's statement...
"Due to strong consumer demand, our sector has survived this unstable environment and is cautiously hopeful. Future consumer spending and confidence are still a major concern for our ability to expand.
