Slot business ‘resilient’ throughout financial turmoil — CDC Gaming

For all of the uncertainty within the U.S. economic system, slot machines stay “resilient,” based on Macquarie analyst Chad Beynon. His views have been printed in an August 6 investor observe.

Citing the Eilers survey of slots, Beynon noticed that, out of 586,000 slot machines at 590 casinos, the second quarter of 2025 noticed a minimum of 18,400 machines changed, maybe as many as 19,400. New slot machine purchases have been flat yr over yr, not 10 % down, as forecast.

“The survey suggests that purchasing has been resilient despite economic uncertainty and following a period that likely included some pull-forward in demand,” Beynon wrote. He added that casinos anticipated to exchange 6.2 % of their owned slot base over the subsequent yr, in comparison with 5.6 % within the earlier quarter. “Actual replacement activity continues to outperform expected replacement rates,” he noticed.

Excluding slot-route gross sales, Aristocrat held a 29 % market share of shipped models, in accordance with its share for the earlier yr. Among premium-level participation machines at Class III casinos, Aristocrat’s market share was 45.8 %. Installations by Aristocrat counted for absolutely half of complete web market development, based on Beynon.

“In the survey period, Aristocrat saw +374 net installs (extrapolated basis), which was a low rate of net installs compared to quarters in recent years,” Beynon wrote. He stated he would proceed to observe recreation efficiency and upcoming commerce reveals, corresponding to Global Gaming Expo Las Vegas.

Turning to Light & Wonder, Beynon stated its ship share was 22 %, a 4 % dip from the identical level in 2024. “Survey participants removed 48 net leased games, all of which were non-premium, as premium games remained stable,” he wrote.

However, 4 Light & Wonder video games have been listed as essentially the most anticipated premium leased machines: Huff N’ More Puff We’ve had Enough, Lion Link, Rampage, and Dancing Drums Link.