NATIONAL GAMING RESULTS

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2020 National Gaming Growth Forecast
The drivers for the casino gaming industry are employment, income and to a lesser extent gas prices, we find these are in fair to moderate growth position. Even with inflation tracking at +2% to +3% there is some “real” wage/income growth as lower taxes have appeared to boost overall economic activity with GDP at 4% or slightly higher and higher employment both of which combined translate into more available dollars for disposable income.

• Our 2016 and 2017 gaming forecast range were for growth of between +1% to +3%.

• Our 2018 forecast was in the 2% to 4% range and for 2019, our forecast was growth of +1% to 3%.

• Our 2020 forecast is: We are seeing much of the same in 2020 as in 2019 with total growth in the +2% to +3% range as the level of core inflation of offsets combined gains in income levels and population.

• Additionally, for 2020, another hurdle for the casino industry will be trying to grow above inflation in multiple years which is often a difficulty for any mature industry.

READ THE FULL ARTICLE BY JAY SARNO IN THE SPRING 2020 EDITION OF GAMING & LEISURE MAGAZINE.

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