Gambling in the USA

Gaming Executives Positive on Current Business Conditions, Cautious on Future Growth Expectations

Published

1 year ago

October 1, 2024

gaming-executives-positive-on-current-business-conditions,-cautious-on-future-growth-expectations

Overall Balance Sheet Health, Access to Credit Continue to Improve

In the face of slowing revenue expansion, gaming industry leaders continue to hold an overall positive view of the current business situation, with a notable improvement in credit conditions, according to the latest American Gaming Association (AGA) Gaming Industry Outlook.

The majority of respondents (88%) view the current state of the gaming industry as either good or satisfactory. Meanwhile, executives have a more conservative outlook on future business conditions, with respondents split on whether they expect conditions to improve over the next three-to-six months (3% net positive) and many expecting a decrease in customer activity (28% net negative).

“After years of very strong consumer gaming spending growth, expectations around customer activity over the next three to six months have cooled considerably,” said AGA Vice President of Research David Forman. “Still, gaming businesses remain well positioned, with executives touting strong balance sheets and more viewing access to credit as easy than restrictive for the first time in two years.”

Gaming Executive Panel

Since Q1, gaming executives’ sentiment has shifted, with a greater number of respondents now expecting a decline in customer activity over the next three to six months (28% net negative, up from 4% net negative in Q1). Despite this, panelists foresee improvements in overall balance sheet health (34% net positive).

Additionally, more executives reported access to credit as easy (19%) rather than restrictive (3%) for the first time in two years, and fewer cite interest rates as a major limiting factor than in the spring.

Hotel (56%) and food and beverage facilities (56%) continue to be the main and growing focus of capital investment among operators, followed by live entertainment (28%) and casino floor slots (22%).

Meanwhile, gaming equipment suppliers now believe their pace of capital investment and game sales will decelerate (13% net negative).

These expectations are impacted by evolving macroeconomic challenges, with uncertainty of the economic environment vaulting to the top of executive concerns (56%, up from 34% in Q1), followed by state regulatory concerns (31%), and inflationary or interest rate concerns and geopolitical risk (both 34%).

The Current Conditions Index

The Current Conditions Index for Q3 2024 was 97.3, which is consistent with real annualized contraction of 2.7 percent. The Current Conditions Index measures real economic activity in the industry, as measured by gaming revenue, employment and employee wages and salaries.

The Future Conditions Index

The Future Conditions Index, a leading indicator of changes in industry conditions, measured 98.9 in Q3. This indicates an environment in which real economic activity in the gaming sector, after controlling for underlying inflation, is expected to moderately decrease over the next six months (1.1% annualized rate).

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Gambling in the USA

IGT Games Deliver Giant Million-Dollar-Plus Jackpots in January

Published

2 days ago

February 25, 2026

GamingAmericas.com

igt-games-deliver-giant-million-dollar-plus-jackpots-in-january

IGT announced that its Wheel of Fortune Slots, Powerbucks, and MegaJackpots games awarded four momentous jackpots in January.

Lucky slots players won the following million-dollar-plus jackpots last month:

• On January 5, a Wheel of Fortune Slots player won $1,132,199 playing Wheel of Fortune Super Cash Link at Beau Rivage Resort & Casino in Biloxi, Miss.

• On January 8, a Powerbucks slots player won CA$1,657,823 playing Whitney Houston Powerbucks slots at Lake City Casino Vernon in British Columbia, Canada.

• On January 15, a Powerbucks slots player won CA$1,056,637 playing Gong Xi Fa Cai Grand at ACE Casino Red Deer in Alberta, Canada.

• On January 18, an online slots player won $1,247,834 playing MegaJackpots Cash Eruption on Caesars Palace Online Casino in New Jersey.

Wheel of Fortune slots have minted over 1200 millionaires and awarded over $3.6 billion in jackpots since their launch in 1996. IGT Powerbucks slots have paid 74 jackpots of CA$1 million or more since their Canadian debut in 2016.

The post IGT Games Deliver Giant Million-Dollar-Plus Jackpots in January appeared first on Americas iGaming & Sports Betting News.

AI in lottery

Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering

Published

2 days ago

February 24, 2026

Wladimir P.

scientific-games-appoints-rich-wasserman-as-senior-vice-president-of-product-engineering

Scientific Games has appointed Rich Wasserman as Senior Vice President of Product Engineering, reinforcing its commitment to advancing lottery systems technology and digital innovation.

Based in Atlanta, the global lottery provider continues to expand its technology leadership as one of the fastest-growing suppliers of retail and digital lottery solutions worldwide.

Leadership Experience from Amazon, Facebook and Stitch Fix

Wasserman brings more than 20 years of experience leading engineering, data science and product teams across high-performance technology platforms.

He previously held senior leadership roles at:

Amazon
Facebook
Stitch Fix

At Stitch Fix, he served as Vice President of Engineering and Data Science, leading automation, AI-driven systems and platform optimization initiatives. Wasserman holds a Ph.D. in Electrical Engineering and a Computer Science degree from the University at Buffalo.

Driving Innovation Across Global Lottery Platforms

In his new role, Wasserman will oversee Product Engineering across Scientific Games’ global portfolio serving more than 150 government-regulated lotteries. His responsibilities include advancing:

Retail lottery systems
Digital lottery platforms
Hardware and software innovation
Data analytics and AI capabilities
Consumer engagement technologies

CEO Pat McHugh stated that Wasserman’s experience scaling AI-powered platforms at world-class technology firms will help accelerate innovation and deliver next-generation lottery solutions focused on sustainable growth.

Strengthening Lottery Technology Leadership

Scientific Games continues to invest in technology, analytics and digital transformation to enhance consumer experiences across retail and online lottery channels. The appointment underscores the company’s strategy to integrate advanced analytics and machine learning into its global lottery ecosystem.

The post Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Gambling in the USA

Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering

Published

2 days ago

February 24, 2026

GamingAmericas.com

Former Amazon, Facebook and Stitch Fix Exec to Lead Product Engineering for Global Lottery Provider

Scientific Games has named Rich Wasserman as Senior Vice President of Product Engineering. Wasserman brings more than 20 years of experience leading global engineering, data science and product organizations across complex, high-performance technology platforms.

As the industry’s fastest-growing lottery systems technology provider, Scientific Games continues to invest in technology and talent to deliver seamless consumer experiences across lottery retail and digital channels.

Wasserman previously held senior leadership roles at Amazon and Facebook, where he led large-scale systems powered by advanced analytics and machine learning. Most recently, he served as Vice President of Engineering and Data Science at Stitch Fix, leading integrated teams focused on automation and platform optimization. Wasserman holds a Ph.D. in Electrical Engineering and a degree in Computer Science from the University at Buffalo.

In his new role, Wasserman will lead Product Engineering across Scientific Games’ global product portfolio serving government-regulated lotteries, advancing hardware and software platforms to accelerate innovation, expand analytics capabilities and consumer-engagement to deliver long-term value for lottery customers worldwide.

“We’re excited to add Rich’s deep technical expertise scaling innovative, AI-driven platforms at world-class organizations to further strengthen Scientific Games’ technology leadership,” said Pat McHugh, Chief Executive Officer of Scientific Games. “As we continue investing in innovation and analytics across retail and digital lottery solutions, his experience and leadership will help us deliver the next generation of high-performance products that drive sustainable growth for our lottery customers worldwide.”

Scientific Games serves more than 150 lotteries globally with a comprehensive portfolio of retail systems, digital platforms, instant games and analytics solutions.

The post Scientific Games Appoints Rich Wasserman as Senior Vice President of Product Engineering appeared first on Americas iGaming & Sports Betting News.