International edition
April 24, 2019

It supported more than 202,000 employees, according to AGEM's report

The global gaming supplier industry generated an economic impact of USD 55.8 B in 2018

The global gaming supplier industry generated an economic impact of USD 55.8 B in 2018
The average direct wage per employee in the industry reached approximately $91,240 in 2018, reflecting a significant premium to the current U.S. average annual wage of $51,960, as listed by the Bureau of Labor Statistics.
United States | 04/11/2019

Led by large slot companies, report reveals USD 20.7 B direct impact, 61,700 direct employees and average direct annual wage of USD 91,240. The segment supports a total of about USD 14.1 B in annual wages and salaries. Over the past 5 years, direct employment has grown from 50,594 to 61,715, an increase of 22%. During the next 12 months, none of the respondents expect to decrease their staffing levels, and most of them expect demand for their products and the economic conditions to improve.

T

he global gaming supplier industry generated a total economic impact of $55.8 billion, supported more than 202,000 employees, including 61,700 direct employees, and supported a total of $14.1 billion in wages and salaries during 2018, according to a comprehensive report released Wednesday by the Association of Gaming Equipment Manufacturers (AGEM).

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 analyzes the size and scope of this technology-driven sector, specifically identifying AGEM members’ global reach spanning every regulated gaming market in the world.

According to the report, including direct ($20.7 billion), indirect ($15.9 billion) and induced ($19.2 billion) impacts, the global gaming supplier segment generated a total of $55.8 billion of economic output (revenue) in 2018.

Including direct ($5.6 billion), indirect ($3.9 billion) and induced ($4.6 billion) impacts, the global gaming supplier segment supports a total of approximately $14.1 billion in annual wages and salaries to 61,715 direct, 54,856 indirect and 85,869 induced employees for a total, with the multiplier effect, of 202,440 employees. Over the past 5 years, direct employment has grown from 50,594 to 61,715, an increase of 22 percent.

The average direct wage per employee in the industry reached approximately $91,240 in 2018, reflecting a significant premium to the current U.S. average annual wage of $51,960, as listed by the Bureau of Labor Statistics.

The industry has an especially strong impact in Nevada and overall employs a broad range of workers, including high-end technical professionals and engineers responsible for hundreds of millions of dollars in research and development expenditures annually.

“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 capitalizing 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.”

With 175 member companies based in 23 countries, AGEM is anchored by the world’s largest slot machine companies and AGEM Gold Members AGS, Ainsworth Game Technology, Aristocrat Technologies, Everi, International Game Technology PLC (IGT), Konami Gaming, Merkur Gaming, Novomatic Group, Scientific Games and Sega Sammy Creation. The AGEM membership also includes companies active in lotteries, systems, table games, online/interactive, sports betting, mobile apps, game development, machine components and support products and services for the gaming industry.

Among AGEM Voting Member companies surveyed for the report, none of the respondents expect to decrease their staffing levels during the next 12 months, with nearly one half of respondents (46 percent) expecting to increase staffing; an overwhelming majority of respondents (92 percent) expect demand for their product and services to improve during the next 12 months; nearly three-fifths of respondents (58 percent) 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.

Full “Impact Analysis: Global Gaming Supplier Industry” report by AGEM.

Related news
United States | 02/20/2019
United States | 01/11/2019
Leave your comment