AGA study reveals CEOs’ mixed view on the future
A recent AGA study reveals industry CEOs are optimistic about current operating conditions, even if future expectations are getting tamed by the global economic decline.
The study, conducted by Oxford Economics and presented in partnership with Fitch Ratings, surveyed various industry executives and asked them about their views on both the present and the future of the sector. While many industry firms are lowering projected revenues and earnings, a large portion of the survey’s participants are positive about the current operating climate.
The vast majority of the surveyed executives, about 97%, described the current situation as positive, with characterizations of good and satisfactory making up 62% and 35% of the total respectively. In contrast, 80% of them expect future conditions to either deteriorate or remain the same, with the latter being the more popular one, with just under a third of all participants sharing the view.
The participants were concerned with numerous challenges over the coming quarter or two, such as geopolitical risks, economic downturns, and employee retention, although concerns revolving around rising inflation and global interest rates were the most prevalent among them.
However, the participants did have positive views of certain aspects of the future. CEOs of gambling operators project an increase in investments and in total gambling terminals and other operating units, while retail gambling equipment manufacturers do not expect any slowdowns in total sales volumes.