The casino sector is one segment of the massive gaming industry focused on casino gaming activities, along with resort, leisure, and entertainment properties. Companies in the segment operate and own resorts, hotels, casinos, and related properties – ski lodges, amusement parks, tourist attractions, and betting kiosks.
In the brick-and-mortar space, the vast majority of casino companies have rooted their operations within the major gambling hubs – we’re talking about Macau, Atlantic City, and Las Vegas. Moreover, the casino sector encompasses companies involved in online gambling activities. Some of the biggest casino companies in the segment include MGM Resorts International, Flutter Entertainment, and Las Vegas Sands Corp.
The Big Casino Companies by Market Cap
Market capitalisation is the company’s valuation regarding its stock market performance. It takes into account the number of trading shares and multiplying the number with the current share price. Therefore, below are the big casino companies as per their recent stock market valuation.
1. Las Vegas Sands Corp.
Las Vegas Sands Corp. is currently the largest casino company in the world, and it’s easy to see why. Firstly, it is one of the world’s largest casino and resort companies, with high-value properties in the United States, China, and Singapore. The company is estimated to be worth well over $11.69 and rakes in more than $3.6 billion annually.
Las Vegas Sands Corporation was founded in 1988 by Sheldon Adelson and is currently headquartered in Paradise, Nevada. Dubbed the crown jewel of Sin City, the company is responsible for the employment of more than a whopping 50k people. In the pre-pandemic era, the company’s revenues topped $13 bn.
As far as market cap goes, the US-based Las Vegas Sands Corporation rounds out the top three largest gambling companies. Unlike its arch-rivals, the Paradise-based company centers its operations mainly around the so-called integrated resorts and land-based casinos. Here, think Sheraton, Four Seasons Hotel, Sands Macao, Marina Bay Sands, and the Londoner Macao.
Las Vegas Sands Corp. boast a current market cap of over $28, 1 bn with properties spanning Singapore, Macau, and U.S. Moreover, Sands has particular interests in the entertainment and Meetings, Incentives, Convention, and Exhibition (MICE) industry. Nonetheless, the Singapore crown jewel Marina Bay Sands is its most valuable property, earning Sands $393 million of the $1.7 total in 2018.
2. Flutter Entertainment
The company results from a merger of Irish online bookmarking company Paddy Power and their British counterpart Betfair. Additionally, Flutter Entertainment’s inception dates to March 2019, when the company officially rebrands to Flutter Entertainment from Paddy Power Betfair Plc.
Furthermore, its shares perform relatively well in the London Stock Exchange, warranting their inclusion in the FTSE 100 Index. Currently, this Irish bookmaker has a market cap of $33.74 billion, making it the top big casino company globally.
Following the merger between Betfair and Paddy Power, Flutter Entertainment operates independent brands in Italy, Ireland, and the UK across four major divisions…
● Retail – The retail wing of Flutter Entertainment operates over 600 brick-and-mortar betting shops across Ireland and the UK. Its land-based betting kiosks in Australia are operated under the Sportsbet banner.
● United States – What Flutter Entertainment describes as the United States division powers TVG, which offers online gambling in 35 states, along with FanDuel and Foxbet, a joint venture with Fox Corporation. The big chunk of its race betting exchange and online casino gaming is based in New Jersey.
● Australia – Flutter Entertainment owns and operates the Australian-based Sportsbet
● Online – Betfair and Paddy Power rule the roost when it comes to the online wing, both of which operate in Ireland and the United Kingdom. In addition to Betfair online betting exchange, Flutter Entertainment online empire owns and operates a wide range of brands. Best-known Flutter brands that operate in the online gambling space – Adjarabet, BetEasy, Betfair, FanDuel, Fox Bet, Full Tilt Poker, Paddy Power, PokerStars, SkyBet, Sportsbet.com.au, Timeform, and TGV Network.
3. Caesars Entertainment
Caesars Entertainment, Inc. is hands down one of the biggest casino companies both in retail and online sectors. It engages in the management of resorts and casinos under the brands Eldorado, Tropicana, Horseshoe, Harrah’s, and Caesars. The Reno-based company was established in 1937 as Eldorado Resorts, but adopted its current name after it bought Caesars for $17 bn in mid-2020 with cash and stock.
Businesses under the Caesars Entertainment, Inc. umbrella operate in various divisions …
● Corporate – The investor and government side of the business is under this division.
● Managed and Branded – This segment manages mostly the operational end of brands like the LINQ, the Cromwell, Flamingo, Starwood Hotels, and Caesars Palace.
● Caesars Digital – This wing is tasked with all online gambling activities. Caesars Online Casino and Caesars Sportsbook are the flagship brands.
● Regional – Most properties operated under ownership or lease agreements are based mostly in Atlantic City, Reno, Waterloo, and Anderson, Indiana.
● Las Vegas – Sin City is Caesars Entertainment’s playground, where it owns and operates scores of casinos, restaurants, and resorts. Best-known Caesars Vegas properties – The Cromwell, Flamingo Las Vegas, The Linq, Paris Las Vegas, Planet Hollywood Las Vegas, and Horseshoe Las Vegas.
The Fortune 500 casino companies rakes in an average of $4,55 bn in revenue each year and staffs more than 30K employees across the globe. It’s listed on both S&P 500 and NASDAQ index under CZR ticker.
4. Boyd Gaming
Boyd Gaming is a well-established casino company with a rich history dating back to 1975. Founded by Sam Boyd, who had a long and successful career in the Las Vegas casino industry, Boyd Gaming operates 28 properties across 10 states in the United States. The properties are dedicated to gaming and sports betting that are authorized by state legislation.
Boyd Gaming engages in the management of various land-based casino properties, alongside online sportsbooks and casinos. The company joined hands with MGM Resorts International in 2018 in an effort to enhance the footprints of both firms, giving them a more dominant position at edging out the competitors.
Boyd pulls around $4,68 bn in revenue as per recent filings.
5. Evolution
Next, you have Evolution Gaming Group AB. The Swedish software developer lists its shares on the NASDAQ Nordic stock market, where its current market value is $ 33,68 bn. Additionally, the company employs seven thousand professionals across its offices in Europe and North America.
Moreover, over 300 live casino operators worldwide are using Evolution’s proprietary software solutions to manage their gambling operations, including processing their financial transactions. Regulator reports state that Evolution is responsible for transactions worth thousands of dollars every second.
Evolution Gaming engages mostly in casino software and game development under Evolution Gaming, NetEnt, Ezugi, Red Tiger Gaming, BTG, NoLimit City, and DigiWheel brands. Nearly all online casinos stock Evolution games – think Betsson, Betfair, Bet365, Paddy Power, LeoVegas, William Hill, and BetVictor. Its main gambling license comes from Malta Gaming Authority, but UKGC regulates its operation in the United Kingdom.
6. MGM Resorts International
US-owned MGM Resorts ranks highest on the list of big casino companies by annual revenue. Reports on its 2019 end-of-year financial performance indicate total revenues of $12,93 bn. Additionally, the company publicly traded on the NYSE stock exchange and enjoys a market cap value of $18,40 bn as per the current share price.
MGM Resorts International engages in management of casinos and resorts under BetMGM, MGM Grand, Bellagio, MGM Resorts, and Mandalay Bay. The casino company’s signature Las Vegas properties include MGM Grand, Bellagio and Mandalay Bay.
The brand is linked with some of the most iconic land-based casino properties – we’re talking Bellagio, Excalibur, Luxor, Mandalay Bay, Circus Circus Las Vegas, and MGM Grand. Although it kicked off as a brick-and-mortar casino company it has diversified into the online gaming scene, most notably through partnership with Roar Digital and Entain.
The Regional division of MGM Resorts Internal has plenty of casinos and resorts under its management. The most popular MGM Regional casinos …
● Beau Rivage in Biloxi, Mississippi
● Borgata in Atlantic City, New Jersey
● Gold Strike Tunica in Tunica, Mississippi
● MGM Grand Detroit in Detroit, Michigan
● MGM National Harbor in Prince George’s County, Maryland
● MGM Springfield in Springfield, Massachusetts
Outside the U.S., the Paradise, NV-based casino outfit operates MGM China. The division operates some of the most prominent properties in Macau, MGM Cotai and MGM Macau. The Fortune 500 firm was established in 1986 and staffs close to 75K employees across the world.
7. Wynn Resorts
Next, you have the Wynn Resorts. The company’s operations span across both land-based entertainment venues and online gaming under the WynnBET brand. Despite only beginning operations in 2002, the company continues to defy expectations through exceptional results that report 2019 revenues of $6.61 billion.
Additionally, the company actively trades on the NASDAQ, with its shares currently available at $88.68 each.
As such, its current market cap is $10.25 billion as per the latest public financial records. Wynn Resorts’ most iconic properties are Encore Las Vegas and Wynn Las Vegas, which have five star status on Forbes Travel Guide Star Rating list of 2020.
8. Genting Group
The Malaysia-based Genting Berhad (aka Genting Group) has a particular presence in the Asia Pacific region – most notably in Singapore, Malaysia, Hong Kong, South Korea, China, and Philippines. Established in 1968, the company currently manages a gamut of gambling-related properties, including travel & tours, amusement parks, entertainment sports, hotels, and gaming centers.
Today, Genting Berhad rakes in roughly MYR 22,38 bn in revenue with a 47,000-strong workforce worldwide. Genting owns several brands – Maxims, Crockfords, Genting Club, Genting Grand, and Resorts World. Interestingly, the umbrella corporation has major interests outside the gambling industry, with heavy investments in oil & gas, plantations, energy, and hospitality sectors in Asia, UK, US, Bahamas, and Egypt.
Genting Berhad is currently listed on Bursa Malaysia under the stock ticker KLSE.
9. Bet365
Another worthy entrant to this list is Bet365 Group Ltd. The privately-owned online gambling company offers casino games and sports betting services across its offices in the UK, Malta, Gibraltar, Bulgaria and Australia. Currently, the company employs slightly over 4,600 employees, all responsible for the company realizing end year revenues of £2.981 billion in 2019.
10. International Game Technology (IGT)
It is hard to miss IGT‘s name appearing in many big casino companies lists by industry insiders. Because the company has over twenty years of industry experience, with most attributing it as the driving force behind the rise of slot machines. In addition, its continuous efforts to foster partnerships with other players across different global markets see the company earn the title of the most innovative gambling operator worldwide.
Furthermore, it continues to hold a strong foothold compared to other companies since it supplies most of them with slot machines for their physical and online gambling operations. Reports show its current market cap as $3.61 billion as of August 2021.
11. GVC Holdings PLC (Entain)
Hailing from the Isle of Man, the company offers its services through more identifiable brands such as SportingBet, Bwin and Foxy Bingo. Additionally, the company offers services to the business-to-Business (B2B) and Business-to-Consumer (B2C) markets. Finally, with public reports of end year revenue totalling $ 4.14 billion, GVC Holdings PLC deserves a place on this list.
12. 888 Holdings PLC
888 Holdings Plc is one of the most recognizable casino companies. It was the first company to offer a full suite of gambling products, from dedicated online casinos to gaming software made in-house. 888 software powers a wide range of online gambling areas, including sports betting, poker, casino games, and third-party platforms.
The Gibraltar-based company manages online gaming solutions under Mr. Green, William Hill, 888poker, 888Sport, 888Casino, and 888Bingo brands. In addition to that, it operates SI Sportsbook, a joint venture with Authentic Brands Group in the U.S.
888 Holdings Plc serves millions of customers from 15 offices in over 100 countries under William Hill International. Canada, Germany, Spain, Italy, U.S., and the United Kingdom are 888’s primary markets. Presently, the company’s yearly revenue is approximated at GPB 653,56 with a 1,760-employee staff.
The FTSE-100 company is currently listed on London Stock Exchange and Aquis Stock Exchange under the stock tickers 888 and 888.GB, respectively.
What is the largest casino company in the world?
There are conflicting reports on what is the largest casino company in the world. However, in terms of the number of properties under their license and personnel numbers, Caesars Entertainment Inc. takes the crown.
Currently, the casino company operates over 50 casinos and hotels in the United States, the United Kingdom and Africa. Additionally, it currently employs about 54,000 individuals, responsible for earning a revenue of $ 3.5 billion in 2020. Furthermore, the company’s asset base is worth over $36.4 billion based on 2020’s records. Therefore, Caesars Entertainment Inc. is the world’s largest casino company.
Which company owns the most casinos?
Several companies own the most casinos …
- Caesars Entertainment – The casino company operates over 50 casinos and hotels in the United States, the United Kingdom and Africa.
- MGM Resorts – Widely acknowledged as the gold standard for the casino industry, MGM Resorts owns some of Vegas’s most popular casinos – Park MGM, MGM Grand, Mandalay Bay, and the Bellagio. It owns casinos and hotel properties throughout Asia and other parts of the U.S.
- Galaxy Entertainment – Galaxy owns and operates many casinos in Macau – most famously Galaxy Macau, Rio, President, Waldo, and StarWorld.
- Las Vegas Sands Corp. – Hands down the largest casino firm in the globe, Las Vegas Sands Corp. tops $13 bn in yearly earnings and employs over 50K employees. Sin City’s crown jewel owns the two biggest resorts on the Las Vegas Strip, along with many others through Asia and the United States.
- Genting Berhad – The Malaysia-based Genting Berhad (aka Genting Group) has a particular presence in the Asia Pacific region – most notably in Singapore, Malaysia, Hong Kong, South Korea, China, and Philippines. Established in 1968, the company currently manages a gamut of gambling-related properties, including travel & tours, amusement parks, entertainment sports, hotels, and gaming centers.
Who owns the Bellagio?
Contrary to public perception, The Bellagio’s owners are The Blackstone Group, an American alternative investment management corporation that gives license to MGM Resorts International to run its operations. The current building occupies the former Dunes hotel and casino site that was demolished in October 1993.
Bellagio’s best-selling features …
The Poker Room – Bellagio’s poker room hosts many professional poker players, many of them claiming the venue as their home base. For example, Daniel Negreanu and Jennifer Harman are regular attendees of the different high stakes games, including the Big Game that can see prize pots over $1 million.
Fountains of the Bellagio – The property features a water fountain that sits on an 8-acre artificial lake. Additionally, the operator stages choreographed shows every 30 minutes before 8 pm and subsequent shows every 15 minutes until midnight. Furthermore, the fountain’s water jets are set to specific light and musical arrangements. Some of the popular shows feature musical works by performers, such as Whitney Houston’s rendition of the Star-Spangled Banner and God Bless the USA by Lee Greenwood. Moreover, a single show can involve the use of over 1,200 water nozzles and more than 4,500 lights.
Bellagio Gallery of Fine Art – You can also visit the property’s in-house art gallery that features famous exhibits such as Classic Contemporary by Lichtenstein, Warhol & Friends and The Impressionist Landscape from Corot to Van Gogh. Initially, the gallery was by the Conservatory’s grand staircase, but the operator now runs it along the pool promenade to accommodate more visitors.Conservatory and botanical gardens – The resort features many floral gardens next to its main lobby. Each year, the resort runs five themes in its gardens. For example, Chinese New Year runs from January to mid-March, with spring, summer, fall and winter following in that order. In addition to that, Bellagio commemorates special holidays by recreating iconic symbols using exquisite floral arrangements. For example, Memorial Day sees the gardens feature a floral arrangement depicting the Liberty Bell. Furthermore, the display of several American Flags in the Conservatory complements the all-American summer theme.