The latest survey of US gaming executives by the American Gaming Association has revealed that revenue growth and the pace of company hires are expected to slow.
There was a 13 per cent net negative response among the cohort asked by the AGA about their forecasts for the growth of the American industry, taking in a range of opinions.
The cohort had a 22 per cent net negative opinion on the pace of new hires continuing at the same rate as in recent months.
These expectations for decelerating growth have “influenced expectations for increases in capital investment and gaming units in operation,” the AGA said, with “smaller net positive sentiments than before.”
Nevertheless, the executives have overall become more positive that balance sheet health will improve over the next six months (42 per cent net positive).
AGA president Bill Miller said: “Gaming’s record-setting growth over the last three years has set a new standard for industry success.
“However, as we enter a period of market normalisation, continued investment and innovation in offering world-class, responsible entertainment experiences will be required to maintain industry momentum.”
Almost all gaming executives on the AGA’s Gaming Executive Panel said the current business environment is good (44 per cent) or satisfactory (50 per cent).
Although, gaming equipment suppliers are “slightly pessimistic about the sale of gaming units for replacement use and new or expansion use (both 13 per cent net negative),” the AGA said.
“Executives report that inflationary or interest rate concerns continue to be a major factor limiting operations (28 per cent), but these have been overtaken by geo-political risk (34 per cent) and uncertainty of the economic environment (34 per cent) as the biggest limiting factors in the most recent Gaming Executive Panel.”
