2016 casino gaming executive satisfaction survey
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2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
Conducted by Bristol Associates & Spectrum Gaming
About the Survey2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
www.bristolassoc.com
For 16 consecutive years, Bristol Associates and Spectrum Gaming Group have surveyed casino gaming executives from around the country about their career goals, job satisfaction, and outlook about the industry. The data we’ve gathered provides insight into the factors that are most important to executives when pursuing a new position and their perception of the casino gaming industry as a whole.
This year we received over 1,300 responses—the highest number of participants in our survey since inception.
Where Do Casino Executives Want to Work?For the first time in 16 years of the
executive satisfaction survey, two casino operators effectively tied for first place, with Seminole Tribe of Florida edging out Penn National Gaming by just 3 votes.
Seminole Tribe of Florida and Penn National Gaming each garnered 26% of respondent’s vote for employer of first choice.
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Ameristar CasinosStation Casinos
Delaware NorthCordish Companies (Live!)
Las Vegas Sands (Venetian)Pechanga Resort & Casino
Caesars EntertainmentMohegan Sun
Pinnacle EntertainmentBoyd GamingWynn Resorts
Landry's (Golden Nugget)MGM Resorts International
Penn National GamingSeminole Tribe of Florida
0% 5% 10% 15% 20% 25% 30%
2016 2015
Percentage of Respondents
TOP 15 EMPLOYERS OF FIRST CHOICE
2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
Are Executives Optimistic About Their Career?
2006 2008 2010 2012 2014 20161
2
3
4
5
4.22
Disagree
Neutral
Agree
I AM OPTIMISTIC ABOUT THE FUTURE OF MY CAREERCareer optimism remains steady. When asked the degree to which they agreed or disagreed with the statement, “I am optimistic about the future of my career,” on average respondents fell in the range of “Somewhat Agree” to “ Agree.”
This upwards trend has continued since career optimism reached its historical low in 2010.
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2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
What Regions Are Executives Excited About?
Atlantic City
Racinos
The Midwest
The Northeast (Excluding Atlantic City)
California
The South
Native American Casinos
Las Vegas
1 2 3 4 5
20162015
THE REGION OFFERS OPPORTUNITIES FOR CAREER ADVANCEMENT
Disagree AgreeNeutral
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With the exception of Atlantic City, every region has seen a decline in optimism year-over-year. When asked to what degree they agreed or disagreed with the statement, “[The Region] offers opportunities for career advancement,” on average, respondents perceived Las Vegas as having the most opportunities with an average score of 3.48—representing a response between “Neutral” and “Somewhat Agree.”
2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
How Does Tenure Affect Job Satisfaction?Executives have a better opinion of their company earlier in their career. When asked how much they agreed that their company is working hard to keep staff, management, and them satisfied, respondents with 5 years or fewer of experience agreed with the statements more than any other group.
Across all groups, respondents agreed most that their company strives to keep its staff satisfied. This drops when asked the same question for management and for respondents personally.
JOB SATISFACTION BY YEARS OF EXPERIENCE
5 years or less
6-10 years
11-20 years
20+ years
1 2 3 4 5
My company works hard to keep me satisfiedMy company works hard to keep management employees satisfiedMy company works hard to keep staff employees satisfied
Disagree Neutral Agree
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2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
What Factors Are Important in New Opportunities?
AVERAGE RANK OF FACTORS INFLUENCING JOB CHANGE
Weather/Lifestyle
Career Opportunity
Compensation
Corporate Culture
Relocation closer to family
1 2 3 4 5
Low Priority High
We asked respondents to rank 5 common factors influencing a move to a new position in order of priority, where 5 reflects the highest priority.
Respondents ranked “Compensation” as the most important factor, at an average score of 3.7, and “Career Opportunity” following at a close second at 3.5.
The least important factor was “Weather and Lifestyle” with an average score of 2.6.
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2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
Ben Farber President, Bristol Associates
“The amount of job opportunities within the casino industry has increased as of late, however, the market is still extremely competitive. As a result, many of the executives we have placed this year have sacrificed weather and lifestyle in order to rise in the ranks and obtain a higher salary.”
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2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
Survey Methodology
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The 2016 Casino Gaming Executive Satisfaction Survey by Bristol Associates and Spectrum Gaming was conducted online and had a total of 1,326 respondents. The participants represent a sampling of casino and gaming executives from across North America and are diverse in terms of geography, executive responsibilities, years of experience and other meaningful criteria. The survey was designed to ensure that the respondents have worked in the casino and gaming industry and that no one was surveyed more than once.
Want to see more? Download the full results of the 2016 Casino Gaming Executive Satisfaction Survey and visit the Bristol Associates blog to get the latest insights from our executive recruiters.
2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
About Bristol Associates
www.bristolassoc.com
Bristol Associates offers highly focused, personalized executive search in the casino gaming industry. Leveraging our extensive industry knowledge and comprehensive database of candidates we’ve successfully completed hundreds of assignments, pairing top executives with the leading casino gaming organizations in the country.
2016 CASINO GAMING EXECUTIVE SATISFACTION SURVEY
Learn more about how we can help you find the right talent for your company.
Website: www.bristolassoc.comPhone: 310-670-0525