American Gaming Association
Gaming CEOs Positive on Current Business Conditions, Neutral on Future Outlook

Gaming executives remain upbeat about current business conditions with a neutral outlook on future conditions, according to the American Gaming Association’s (AGA) Gaming Industry Outlook presented in partnership with Fitch Ratings.
The overwhelming majority of gaming executives surveyed view the current business situation as good (42%) or satisfactory (55%), moderating from Q1 when 62% reported good conditions and 35% described them as satisfactory. When asked about future business conditions, more than half expect the next three to six months to be about the same (58%), with the remainder almost evenly split between those who anticipate better or worse conditions (3% net positive).
“The significant expansion and record demand for legal, regulated gaming in the post-pandemic era have allowed our members to consistently invest in our product and people to deliver innovative entertainment options for American adults. Gaming CEOs remain focused on delivering world class entertainment options against the backdrop of broader economic uncertainty,” said AGA President and CEO Bill Miller.
Current Conditions Index
The Current Conditions Index measured 100.6, reflecting slight growth of 0.6% in casino gaming-related economic activity in Q3 2023 relative Q2 2023. Because gaming revenue and employee wages are adjusted for inflation, the Current Conditions Index was tempered by persistent high inflation through Q3 2023.
Future Conditions Index
The Future Conditions Index stands at 99.6, indicating annualized industry economic activity over the next six months is expected to decrease slightly. This outlook reflects Oxford Economics’ forecast that the U.S. economy will experience a mild recession beginning in Q4 2023. However, even with an anticipated slow down in consumer spending, consumer survey results continue to indicate that more than one-third of adults expect to visit a casino during the next 12 months, consistent with prior quarter results.
Gaming Executive Panel
Executive views on future financial conditions are mixed. On balance, respondents expect that their overall balance sheet health will improve (26% net positive) over the next three to six months and that their pace of capital spending will increase (24% net positive). However, on net, they expect the pace of revenue growth to decrease (13% net negative responses) and describe access to credit as somewhat restrictive.
At the sector level, gaming supplier CEOs broadly expect the pace of unit sales to increase through the end of the year while many operator CEOs plan to increase capital investments in their food and beverage offerings.
- Casino operators expect gaming units in operation to increase (11% net positive), while 67% expect greater than normal investments in food and beverage and 33% expect greater than normal capital spending on gaming machines.
- Gaming equipment manufacturers expect units for new or expansion use to increase (44% net positive), with an equal share expecting sales of gaming units for replacement use to increase.
When asked about top business challenges, 58% of executives cited inflation or interest rate concerns as factors limiting operations, followed by overall uncertainty of the economic environment (55%).
American Gaming Association
AGA Research Reveals Consumers Know Sweepstakes Casinos are Gambling

As gaming regulators, state Attorneys General, and state legislatures continue to scrutinize the business practices of online “sweepstakes” casinos, new research shows that consumers overwhelmingly use these platforms to gamble – and that sweepstakes operators are heavily targeting players in key states. By exploiting loopholes in the law, these operations undermine the integrity of the legal, regulated gaming marketplace.
According to Sensor Tower data compiled by the American Gaming Association (AGA), half of all online, real-money casino advertisements seen by consumers in early 2025 promoted offshore “sweepstakes” casinos. The data shows these unregulated operators concentrate their advertising in populous states.
“These operators present themselves like legal, regulated platforms – but they operate outside the law and regulation. There are few if any responsible gaming tools, no regulatory oversight, and no consumer protections. It’s a dangerous subterfuge that puts players at real risk,” said AGA Vice President of Government Relations, Tres York.
Despite operating outside the regulated gaming market, “sweepstakes” casinos are widely perceived by players as gambling platforms, with 68% of users saying their primary reason for playing is to win real money. This confusion is no accident – many of these sites mimic the look, feel, and language of legal operators, blurring the line for consumers and reinforcing the need for clearer enforcement and public education.
Key findings include:
• 90% of sweepstakes casino users consider the activity to be gambling.
• 69% describe sweepstakes casinos as places to wager real money.
• 80% of sweepstakes players spend monthly, and nearly half spend weekly, without the safety nets offered by regulated operators.
The number of monthly sweepstakes casino players is twice as high in states lacking sweepstakes prohibitions.
“Sweepstakes” casinos aggressively market on popular digital platforms throughout the country. Legal, regulated gaming operators, by contrast, advertise responsibly in legal states where consumer protections and regulatory oversight are in place.
“The data is clear. Consumers see right through the ‘sweepstakes’ casino facade and they’re calling it what it is: gambling. We look forward to policymakers continuing to enforce their laws and create clarity through new policy measures to protect their residents,” added York.
The post AGA Research Reveals Consumers Know Sweepstakes Casinos are Gambling appeared first on Gaming and Gambling Industry in the Americas.
American Gaming Association
AGA Announces Gaming Hall of Fame Class of 2025

The American Gaming Association (AGA) announced the 2025 inductees into the Gaming Hall of Fame, recognizing three individuals whose careers have profoundly shaped the legal gaming industry:
• David Berman, Co-Head of Macquarie Capital, Americas and Global Head of Consumer, Gaming & Leisure
• Ann Simmons Nicholson, Founder and CEO, Simmons Group
• Charles Lombardo, Former Senior Vice President of Gaming Operations at Seminole Hard Rock Gaming, and former Senior Vice President of Slot Operations for Caesars Palace, Bally’s and Paris Las Vegas.
“The Gaming Hall of Fame honors the visionaries who’ve shaped today’s gaming industry. David, Ann, and Charlie have each made lasting contributions to the growth, integrity, and leadership of legal gaming, and we’re proud to recognize their impact,” said AGA President and CEO Bill Miller.
“This year’s inductees reflect the strength, diversity, and expertise that define our industry. The Gaming Hall of Fame honors leaders whose careers exemplify excellence and enduring influence – and these three couldn’t be more deserving of this recognition,” said AGA Chairman Mike Rumbolz (Gaming Hall of Fame Class of 2022).
Since 1989, the Gaming Hall of Fame has celebrated the achievements of industry legends who have driven the commercial and tribal gaming industry forward. The Class of 2025 will be formally inducted at an invitation-only ceremony during the Global Gaming Expo (G2E) in Las Vegas this October.
This year’s selection committee members include:
• Mike Palm, VP, Operations, Circa Resorts
• Anika Howard, CEO, Wondr Nation
• Ryan Comstock, COO, Ainsworth and Chair, AGEM
• Debi Nutton, Industry Consultant and Gaming Hall of Fame Class of 2024
• Mark Lipparelli, Chairman Emeritus, International Center for Responsible Gaming
• Kirsten Clark, Executive Director, IAGA
• Lauren Bates, VP, Sales, Light & Wonder and Chair, Global Gaming Women
• Brett Abarbanel, Executive Director, UNLV International Gaming Institute
• Mike Rumbolz, Chairman, AGA
About the 2025 Inductees
David Berman, Co-Head of Macquarie Capital, Americas and Global Head of Consumer, Gaming & Leisure
David Berman has more than three decades of experience in gaming mergers & acquisitions and capital markets, having led more than 100 mergers & acquisitions worth more than $125 billion and helped clients raise more than $215 billion in debt and equity. He founded REGAL Capital Advisors, a gaming-focused advisory firm acquired by Macquarie in 2011, and previously held senior roles at Credit Suisse, CIBC World Markets, and Oppenheimer & Co. Berman currently serves on the Board of Leaders at USC’s Marshall School of Business and is Treasurer of the Cerebral Palsy Alliance Research Foundation.
Ann Simmons Nicholson, CEO and founder of Simmons Group
Ann Simmons Nicholson is an expert in strategic planning and organizational consulting. Over her 40-year career, she has worked with nearly every major gaming company, supporting more than 60 property openings, expansions, and acquisitions. Her expertise spans human capital strategy, leadership development, organizational culture, and executive coaching, and her firm has provided training to more than 27,000 gaming professionals globally. A dedicated community leader and advocate, she has served on board including United Way of Southern Nevada, Global Gaming Women, and Noah’s Animal House.
Charles Lombardo, Former Senior Vice President of Gaming Operations at Seminole Gaming and Hard Rock International, and former Senior Vice President of Slot Operations for Caesars Palace, Bally’s and Paris Las Vegas
With more than 50 years of experience in slot operations and game innovation, Charles Lombardo has helped define the modern casino experience. He has held senior leadership roles at Caesars Palace, Bally’s, Paris Las Vegas, and Seminole Gaming, where he led the development of Class II and III gaming standards, pioneered groundbreaking slot technologies, and helped shape state and tribal regulatory frameworks. Today, he continues to consult on game development and casino openings and serves as a special gaming advisor to Seminole Gaming. Lombardo was the first-ever inductee into the Eilers Hall of Fame for Slot Operations.
The post AGA Announces Gaming Hall of Fame Class of 2025 appeared first on Gaming and Gambling Industry in the Americas.
American Gaming Association
AGA Launches “Play Smart from the Start” Consumer Hub to Help Players Game Responsibly

The American Gaming Association (AGA) announced the launch of the Play Smart Consumer Hub, a new online resource designed to help consumers game responsibly. The hub builds on AGA’s Play Smart from the Start, a messaging platform that encourages players to make informed choices and develop habits that keep gaming fun.
“The AGA is committed to making responsible gaming a seamless part of the player experience. Part of the fun of gaming is that everyone plays differently, but no matter how or where you play, staying in control starts with habits that work for you. The Play Smart Consumer Hub provides players with straightforward, actionable tools to help them stay in control and keep gaming fun,” said Bill Miller, president and CEO of the AGA.
Grounded in player research, Play Smart from the Start centers around three key principles:
• Right State of Mind: Start every game with the right mindset—stay present, know your limits, and play on your terms.
• Know the Game: Understand the rules, odds, and bet with intention.
• Act Intentionally: Set a budget, take breaks, and stay aware, win or lose.
The Play Smart Consumer Hub offers practical tools, including:
• A Pre-Play Checklist to help players assess their mindset and set personal limits before betting.
• A Know the Game section that demystifies odds, house advantage, and common sports betting terms.
• A Responsible Gaming IQ Quiz that allows players to evaluate their gaming habits.
• Easy access to support resources like the National Problem Gambling Helpline (1-800-GAMBLER) and state self-exclusion options.
In addition to the consumer tools, the platform also features an Industry Toolkit, providing operators and other stakeholders with resources, including messaging guidance, creative assets, customer communications and activation ideas to support the integration of consistent, responsible gaming programs.
“Whether an operator or supplier is building a new responsible gaming program or looking to refresh existing efforts, this toolkit makes it easy to deliver consistent, player-first messaging across every customer touchpoint,” Miller said.
The Play Smart Consumer Hub is now live at playsmartfromthestart.org.
The post AGA Launches “Play Smart from the Start” Consumer Hub to Help Players Game Responsibly appeared first on Gaming and Gambling Industry in the Americas.
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