{"id":1580218,"date":"2024-05-08T11:11:16","date_gmt":"2024-05-08T15:11:16","guid":{"rendered":"https:\/\/sports7.us\/?p=1580218"},"modified":"2024-05-08T11:11:16","modified_gmt":"2024-05-08T15:11:16","slug":"the-american-gaming-association-says-94-of-all-gaming-ceos-view-the-current-business-environment-as-satisfactory","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/the-american-gaming-association-says-94-of-all-gaming-ceos-view-the-current-business-environment-as-satisfactory\/","title":{"rendered":"The American Gaming Association says 94% of all gaming CEOs view the current business environment as \u2018satisfactory\u2019"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The American Gaming Association (AGA) was founded in 1994. Their mission is to promote, educate, and lobby on behalf of the gaming industry through education and advocacy. In a recent survey by the AGA, 94% of Gaming CEOs reported they were \u201chappy\u201d with the current business environment. Those numbers align with data the AGA saw from a third-quarter poll in 2023.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One-third of all Gaming CEOs believe that business conditions will improve over the next six months. AGA President Bill Miller had this to say regarding the growth of the gaming industry.<\/span><\/p>\n<blockquote><p><em>&#8220;<span style=\"font-weight: 400;\">Gaming\u2019s record-setting growth over the last three years has set a new standard for industry success,\u201d said AGA President and CEO Bill Miller in a statement. \u201cHowever, 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.\u201d<\/span><\/em><\/p><\/blockquote>\n<h2><b>Is the data provided by the AGA not truly accurate to how Gaming CEOs feel?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Analysts believe that data provided by the AGA from their recent survey could be misplaced. Consumer confidence has dropped for the last three months. On top of that, there is fear that \u201cnegative headwinds\u201d could be emerging on the Las Vegas Strip. Specifically, evidence that casinos are reducing spending in this economy. Mostly from casinos in the Midwest and Southwest.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">United States interest rates are the highest they\u2019ve been in two decades and that\u2019s slowly taking its toll on the gaming industry. Inflation rates have elevated persistently and that\u2019s led to a higher cost for operators. Not ideal when many casinos are being built or are making upgrades to become modernized. In the AGAs poll, they noted that Gaming CEOs believe that construction and renovation costs will rise in the next year.<\/span><\/p>\n<h2>Why is the Gaming Industry growing faster than the US economy?<\/h2>\n<p><span style=\"font-weight: 400;\">The AGA believes the US economy will slow down in 2024 but will not hit a recession. Even with projections looking slow, the AGAs survey believes that \u2153 of adults of the legal gambling age will visit a casino in the next year. Data from the AGA suggests that the gaming industry is expanding faster than the US economy. In the first quarter reading of their Current Conditions Index, it was at 108.2. A year-over-year growth of 2.8%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That 2.8% growth is well ahead of the 1.6% growth in US GDP in the first three months. Analysts believe that the gap between the two could become even larger. In most states that have it legalized, the gaming and casino industry is thriving. However, they are growing at such a rapid rate that the US economy cannot keep up. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The American Gaming Association (AGA) was founded in 1994. Their mission is to promote, educate, and lobby on behalf of the gaming industry through education and advocacy. In a recent survey by the AGA, 94% of Gaming CEOs reported they were \u201chappy\u201d with the current business environment. Those numbers align with data the AGA saw [&hellip;]<\/p>\n","protected":false},"author":304,"featured_media":1580219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[447316],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gaming CEO&#039;s are &quot;happy&quot; with the business environment<\/title>\n<meta name=\"description\" content=\"The American Gaming Association released data from a survey that suggests Gaming CEOs are \u201chappy\u201d with the business environment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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