The report titled “Impact Analysis: Global Gaming Supplier Industry” was the result of an independent study commissioned by AGEM and conducted by the respected Nevada-based research firm Applied Analysis. The report reflects a recurring update and the most comprehensive review to date of the global gaming supplier industry that analyses the size and scope of this technology-driven sector, specifically identifying AGEM members’ global reach spanning every regulated gaming market in the world.
Including direct (US$20.7bn), indirect (US$15.9bn) and induced (US$19.2bn) impacts, the global gaming supplier segment generated a total of US$55.8 billion of economic output (revenue) in 2018.
The average direct wage per employee in the industry reached approximately US$91,240 in 2018, reflecting a significant premium to the current US average annual wage of US$51,960, as listed by the Bureau of Labor Statistics.
“Existing suppliers are growing and new players are entering the space and this report accurately reflects a dynamic sector that is focused on innovation for gaming markets throughout the world,” said Marcus Prater, Executive Director of AGEM.
“In summary, the report paints a picture of a healthy overall gaming industry where commercial casinos and tribal properties are capitalising on advanced technologies and game content from a vast array of creative suppliers to grow their business while providing their customers with new and exciting forms of entertainment,” Prater added.
None of the respondents expect to decrease their staffing levels during the next 12 months, with nearly one half of respondents (46%) expecting to increase staffing. An overwhelming majority of respondents (92%) expect demand for their product and services to improve during the next 12 months. Nearly three-fifths of respondents (58%) expect the economic conditions to improve during the next 12 months. Respondents also answered positively about employee-sponsored health care and retirement programs, purchasing from local vendors and increasing employee numbers and salaries.
Source: GMB
