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The value of the global gambling market is huge, with revenues expected to hit $525 billion by 2023. It is no surprise then, that casinos are some of the biggest businesses in the world, and when they are grouped together into one giant conglomerate, their revenues are off the chart.
The giant corporations operate globally, with interests in places like Las Vegas and Macau, arguably the two most popular casino destinations.
Of course, there aren’t just those who own brick-and-mortar casinos, as there are also online casinos who offer an alternative to physically going out and visiting a casino. If staying in the comfort of your own home to play your favourite slots game is more your thing, then check out no deposit slots from Betfair.
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Let’s take a look at the biggest casino companies.
Las Vegas Sands Corporation
The biggest casino company in the world is the Las Vegas Sands Corporation, who own several casinos in the United States and Asia. It owns two resorts along the most famous casino strip in the world – the Las Vegas Strip. These are The Palazzo and The Venetian, with the latter built on the site of the old Sands Hotel.
Outside of Las Vegas, but remaining in the United States, Las Vegas Sands also owns the Sands Casino Resort Bethlehem, which is located in Bethlehem, Pennsylvania. Their non-American casinos include the Sands Macao, Sands Cotai Central, The Venetian Macao, The Plaza Macao, Four Seasons Hotel Macao, and The Parisian Macao, which are all located in Macau. Their most recent addition was the Marina Bay Sands in Singapore.
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The corporation employs in excess of 50,000 people and the company’s revenue in 2017 was close to $13 billion.
MGM Resorts International
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When you take a look at what MGM Resorts International has under its list of brands, it’s quite an incredible list. MGM Grand, Bellagio and The Mirage are the most recognisable names under the MGM name.
The company dates back to 1969 when Kirk Kerkorian bought a stake in the MGM film studio. It wasn’t until 1973 that it would become part of the casino industry, after it opened the MGM Grand Hotel and Casino. In 1978 it expanded its casino portfolio with the opening of the MGM Grand Reno.
It’s now one of the most recognised names in the gambling market and its 2017 revenues were in excess of $10.5 billion.
Genting Group
The third biggest casino operator comes in the form of Malaysian conglomerate Genting Group. With over 70 casinos and resorts in its portfolio, the Genting Group boasts a global presence in the gambling industry and will continue to grow.
Its largest portfolio is surprisingly in the UK, where Genting own 47 casinos, including the Crockfords Club and the Palm Beach Casino, both in London and Resorts World Birmingham. They also have stakes in casinos in Malaysia, Singapore, China, Korea, the Philippines, the US, and the Caribbean.
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The Genting Group’s 2017 revenue was just under $10.5 billion, but with interests across the world, you can expect that figure to grow exponentially in the next few years.