The gambling business has always been about money. Now, with the development of the industry and the emergence of new trends, we are talking about billions of dollars. Naturally, the largest gambling companies own the leading land-based and online casinos. Most likely, it is difficult for the average person to imagine their scale. However, we will try to lift this veil!
So, people continue to believe in luck! They continue to make real money bets both online and offline. It’s no surprise that gambling is a multi-billion dollar industry that has continued to grow in recent years. The industry giants have casino networks and gambling halls. They also control a large segment of the IT industry – the development of gambling apps used by online casinos. Of course, they also control many of the most popular online casinos (available with Gamblorium) on the Internet today.
Las Vegas Sands: Landmark & Trendsetter In Casino World
Las Vegas Sands Corp. is the world’s largest casino holding with a market capitalization of $46+ billion. It was founded by Sheldon Adelson (died in January 2021) and is currently led by Rob Goldstein (Chairman and CEO). Las Vegas Sands owns and operates several upscale resorts and casinos. In particular, its assets include the famous hotels and casinos – The Venetian and The Palazzo in Las Vegas, Marina Bay Sands in Singapore, and Sands Macao in China.
It is not surprising that Las Vegas Sands demonstrates the highest financial performance! In 2019, its revenue was $13+ billion. During the pandemic, Las Vegas Sands also had high profitability. Thus, for 2022, its income amounted to $4.1 billion. Nodar Giorgadze agrees with the opinion of most experts – the success of Las Vegas Sands is primarily explained by its high activity in the Asian markets. We all know that there is now significant gambling industry growth there. For example, the Marina Bay Sands in Singapore is one of the most profitable casinos in the world.
Moreover, Las Vegas Sands has succeeded due to making the right decisions in rapidly changing circumstances and offering customers something new. Just imagine, it has introduced a new service – specialized flights delivering customers directly to the Macau casino. Besides, they can start playing during the flight at the baccarat tables in the airliners!
Best Resorts & Casinos With Genting Group
Genting Group is a leading casino business with a market capitalization of $9+ billion. The company was founded by Lim Goh Tong in 1965 and is currently led by Tan Sri Lim Kok Thay. Genting Group owns and operates several high-end resorts and casinos, including Resorts World Sentosa in Singapore, Resorts World Casino in New York, and several properties in Malaysia. In 2025, Genting Group will celebrate 60 years as a leader in the global tourism and entertainment industry, operating in 7 countries.
The company was the first to introduce the concept of integrated resort complexes with various options for entertainment, shopping, dining, accommodation, golf, world-class casinos, etc. Such resorts can satisfy the widest range of desires and needs of guests – in any price category and all market segments. Genting’s properties around the world welcome 50+ million tourists annually. So, Genting Group has an annual income of $5+ billion. Currently, it is actively investing in online casinos, making a significant bet on this area in the coming years.
Caesars Entertainment – The Largest U.S. Casino-Entertainment Giant
Caesars Entertainment, Inc. is a leading casino company with a market capitalization of $18+ billion. It was founded by William F. Harrah in 1937 and is currently led by Tom Reeg (CEO). The company owns and operates several upscale resorts and casinos. In particular, these are Caesars Palace and Harrah’s in Las Vegas, and many other gambling establishments in the US and Canada.
Like Las Vegas Sands, in the last year before the coronavirus pandemic, Caesars Entertainment demonstrated strong financial performance – its income in 2019 was $8+ billion. In 2020, it was acquired by the Eldorado Resorts holding, which is controlled by institutional investors – Apollo Global Management and TPG Global. Like other industry leaders, Caesars Entertainment has been actively expanding its activities in sports betting and online casinos in recent years.
We cannot help but mention the incident that occurred in September 2023. So, then the company reported that it suffered from a cyber attack and ended up paying hackers about $15,000,000 to avoid leaking customer data. According to documents that Caesars Entertainment filed with the US Securities and Exchange Commission, the attack was discovered on September 7, 2023. During the investigation, it turned out that the attackers successfully stole the company’s loyalty programs with driver’s license data and social security numbers of customers.
MGM Resorts International: The Most Unique Hotels & Global Gaming Destinations
It is one of the leading participants in the casino market, with a market capitalization of $21+ billion. The company was founded by Kirk Kerkorian in 1986 and is currently led by Bill Hornbuckle (CEO). It owns and operates several renowned resorts and casinos – the MGM Grand, Bellagio, and Mandalay Bay in Las Vegas. Besides, it owns several large gambling properties in China.
Like other industry giants, MGM Resorts International has strong financial performance. So, in 2022, its income amounted to $15+ billion. It is a public joint stock company. The major shareholders include large institutional investors – BlackRock and Vanguard Group. Recently, the company has also made significant investments in sports betting and iGaming. They expect that this will stimulate its growth in the coming years.
What is the Secret of Their Success?
To get into the gambling arena and achieve significant success there, they need to spend a lot of time and effort! There are many applicants, but because of fierce competition, only a few survive! The names of these companies and their owners are known throughout the world.
All these companies have been working in the gambling market for a long time! They have extensive experience, attract the best specialists, and know how to satisfy the needs of land-based and online casino players. Moreover, they are not afraid of trends and willingly introduce new ideas. Of course, they largely determine what the gambling industry looks like today.