International credit watcher Fitch Ratings is painting yet another rosy picture for the global gambling industry for 2018 amid a strong economic backdrop.
In its latest note, Fitch noted that healthy balance sheets and leverage profiles and continued economic growth across gaming key market will help lift the global gambling industry’s revenue next year.
“2018 is set to be a good year for gaming operators and suppliers globally amid a strong economic backdrop and a relatively benign new supply environment,” Fitch senior director Alex Bumazhny said in a note. “While many gaming companies will ramp up returns to shareholders, we expect these returns to be balanced with preserving, and in some instances improving, balance sheet strengths.”
Fitch, however, reminded operators to be very watchful of possible global headwinds which may dampen momentum in certain jurisdictions.