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Gaming CEOs show optimism for future industry growth

The American Gaming Association (AGA) has launched its Gaming CEO Outlook. Industry growth has expanded, with over 50% of AGA-member CEOs hoping for future business conditions to show an improvement in 2022.

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Increased percentages of 70% in new hiring, 60% wage growth and 40% capital investment have helped to aid participating CEO positivity.

Bill Miller, AGA President and CEO, said: “AGA’s inaugural Gaming CEO Outlook reflects the strength of our recovery and consumer demand for our world-class entertainment offerings.

“The promising outlook is built on our innovation, but like many industries, supply chain and worker shortages continue to slow our full recovery.”

With the overall result looking positive, there are still challenges that remain. The Gaming CEO Outlook (prepared for the AGA by Oxford Economics), provides a timely measure and insight into the current, and future, economic health of the gaming industry and its recent growth expectations.

Members of the AGA CEOs and executives compiled a survey representing equipment suppliers, casinos operators and sportsbooks. Key economic factors include executive sentiment, employment, casino visitation plans and gaming revenue.

Aristocrat Technologies CEO and AGA Chairman Trevor Croker commented: “We are a more resilient industry because of the Covid-19 pandemic.

“As the gaming industry looks to 2022 and beyond, our impressive recovery will continue to create jobs, support communities and generate needed taxes.”

With the gaming sector showing a positive recovery following the global pandemic, it is projected to be well underway to a strong start to 2022. 

Miller continued: “Our industry’s return to Las Vegas for G2E is a milestone in our recovery. G2E 2021 is providing an essential platform for gaming leaders to highlight their latest products, conduct business and drive our recovery forward.” 

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