Who Owns the Biggest Casino?

5 min read

Since time immemorial, gambling establishments have always racked in massive amounts of money. Today, the billion-dollar industry has a lot of larger-than-life casinos that would wow any yesteryear operators. Most of these large casinos are holding companies that run a lot more smaller betting platforms, which allows them to continuously expand their footprint. As such, single enterprises eventually branch out and influence more than just one type of gambling. As the way we gamble is gradually shifting, we sought to provide a panoramic view of the largest gambling companies in the world. This account provides more than a series of awe-inspiring sums but takes into consideration how these entities have managed to innovate and adapt to the continuously evolving industry.

Las Vegas Sands Corp

Famously known as the home of gambling, Las Vegas Sands holds the top spot as the world’s biggest casino company. The lavish enterprise boasts 2 gambling centers on the prestigious Vegas Strip, namely; The Palazzo and The Venetian. Its portfolio is also rich in several other casinos across the USA and stretches to the heart of Asia. Presenting Asian gamers with a tailor-made version of the action-packed Sin City, you’ll find the resorts befitting of its rave reviews. 

In the gaming capital of Macao, the Las Vegas Sands Corp runs The Four Seasons Hotel Macao, The Venetian Macao, and The Parisian Macao. The company owes a great deal of its wealth to luxurious properties that include gaming, accommodation, and 5-star restaurants. Impressively, Las Vegas Sands also owns the world’s largest integrated resort which encompasses 7,100 rooms. The company employs approximately 50,000 people, whose sole purpose is to maintain its remarkable standards. Las Vegas Sands Corp is valued at a little over 13 billion dollars.

MGM Resorts

A powerhouse in the world of gambling, our report would be incomplete without the renowned MGM Resorts. If you’re looking for a vacation center to kick it back over the summer, MGM provides the ultimate destination for gamblers. The company owns some of the most famous casinos in Vegas. To mention a few, these include The Bellagio, MGM Grand, Mandalay Bay, and Park MGM. The influence of MGM Resorts goes beyond the American borders. The company owns several enterprises in Asia. 

Accompanying its chain of casinos are top-class resorts, including a few relaxing golf courses. In fact, the company runs the largest single hotel in the USA, which comes third in the world. When it comes to its net worth, MGM is valued at over 9 billion dollars. With more people taking on online gaming, the company is not found lacking in this regard. While it’s not the largest in the online gaming space, it runs a series of successful platforms.

Galaxy Entertainment 

Built with the sole purpose to provide space-age entertainment, the company truly knows how to live up to its theme. Galaxy Entertainment operates from the world’s gaming capital – Macao, China. Among its notable casinos are the likes of Waldo, President, Rio, StarWorld, and Galaxy Macau. Note that Galaxy Entertainment is an Asian-centric company. Hence, you won’t find it in Sin City. Despite this minor anomaly, the company remains a giant with a revenue approximation of more than 6 billion dollars. The Chinese-based company also owns a series of hotels around the world. 

Flutter Stars Group 

Leading players in gambling are not limited to land-based enterprises. iGaming institutions also hold top spots, due to the rapid uptake of virtual gambling over the past few years. Let’s explore top-tier institutions in the online gaming space, starting with the innovative Flutters Stars Group. Originally known as Flutter Entertainment, the company announced its acquisition of The Star Group in 2019, thus becoming Flutter Stars Entertainment. The acquisition of Stars which was a leading brand in its own right saw Flutter becoming a giant in the online gaming space. 

Today, the brand works as a holding company for top-tier brands like TVG, FanDuel, Sportsbet, PokerStars, Paddy Power, and more. The company puts emphasis on 3 essential elements in the online gaming community – safety, responsible, and sustainable gaming. We’re no strangers to cyber-crime and threats that are prevalent in online gaming. As such, the company deserves a pat on the back for the great strides taken in securing the virtual space. Flutter Stars is home to some of the largest brands in the UK, including Sky Bet, Sky Casino, Sky Casino, Sky Poker, and Sky Bingo. In terms of revenue, Flutter Stars is worth slightly more than 5 billion dollars.

GVC Holdings (Entain)

Ranked among the top 3 companies in the virtual gaming space, GVC Holdings acts as a holding company for some of the best online casinos. Since its inception in 2004, GVC Holdings has managed to add other big names like Ladbrokes and Coral to its portfolio. Owing to this merger, the company is commonly referred to as Ladbrokes-Coral Plc. Apart from Coral and Ladbrokes, the company houses the likes of Party Poker and Sportingbet. 

In the context of its influence in the market, GVC Holdings rallies the greatest online gaming market that comes second to none other. To help maintain its influence in the virtual space is a team of 30,000 people.  Moving on to monetary value, GVC Holdings is worth approximately 5 billion dollars. Their value increased exponentially in the last couple of years and is expected to continue growing as more and more people take on online gambling.

Conclusion

In response to an industry under rapid evolution, the largest gambling companies are bound to change every single year. While a lucky few will make it to the prestigious list, some institutions will inevitably fall off. However, the bottom line remains the same. Whoever holds the lion’s share of the market, translates to more entertainment and more winnings opportunities for the avid gambler. All things considered, the rich tapestry of gambling is not only beneficial to large companies but should be applauded for the entertainment value that it brings to the average gambler.