The 8 Largest Gambling Companies in the World

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The 8 Largest Gambling Companies
The 8 Largest Gambling Companies

Sands, Evolution, and Flutter. They are names that may not immediately ring a bell, but they are the largest gambling companies in the world. We are now going to see who makes the money from all those gamblers worldwide. When we look at the largest gambling companies in the world, it is difficult to compare. Some companies do not disclose how much they earn, and not all gambling companies communicate how many customers they have. However, we have some guidance in the form of their market cap. Although that is not always fully indicative either.

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The market cap is the total number of outstanding shares multiplied by the current market price of a share. The companies market cap site monitors all major companies and updates their marketcap. If we select gambling under the industry, we get the following overview:

Las Vegas Sands ($44.23 billion)

As the name indicates, Las Vegas Sands is a Las Vegas based company with casinos all over the world. Its founder, Sheldon Adelson, passed away in 2021. His successor Robert Goldstein sold the two most famous casinos of the company: the Venetian Las Vegas and the adjacent Palazzo Las Vegas to the investment fund, Apollo.

With that, Las Vegas Sands is no longer active in Las Vegas itself, but it has not yet left the gambling industry. Las Vegas Sands has now shifted its focus to Asia. In Macau it has the Venetian Macao (the largest casino in the world). In Singapore Las Vegas Sands operates the Marina Bay Sands, the well known hotel in the shape of a ship with a gigantic infinity pool.

Evolution Gaming ($35.07 billion)

If you have ever gambled online, there is a good chance that you have come into contact with Evolution Gaming. The Swedish company is the largest online casino software provider in the world. Almost all famous online casinos use the services of this company, even if they often put the games in their own jacket.

You can find Evolution games at Yoju, Fight Club, Joo Casino, and Bizzo Casino. For example. But also when the Dutch market opens, you will encounter the company’s software at online casinos with Dutch names.

Evolution is the world’s largest provider of Live Casino services. It has its own studios in:

  • Riga (Latvia)
  • Fort Mriehel (Malta)
  • Tbilisi (Georgia)
  • Bucharest (Romania)
  • Vancouver (Canada)
  • Atlantic City (New Jersey)
  • Spa (Belgium)
  • Murcia (Spain)

Kindred Group (Β£30,989,000,000)

The Kindred Group is the parent company of famous casinos such as Unibet and 32Red.

The company today called Kindred was founded in 1997 in London and is now based in Malta. It was founded by Anders StrΓΆm and initially took bets over the phone.

Today Unibet is one of the best bookmakers in the world. Kindred claims to have 30 million customers worldwide. 

Flutter ($31.45 billion)

Flutter originated from a series of mergers and acquisitions that is unparalleled in the world of gambling.

In February 2016, Paddy Power and Betfair merged under the name Paddy Power Betfair. Two years later, this new group took over FanDuel and after it also took over Adjarabet, it changed its name to Flutter Entertainment in early 2019.

In October 2019, it acquired The Stars Group for just under $7 billion. The Stars Group was the new name of AMAYA that had just acquired PokerStars. With the integration of The Stars Group (TSG), Flutter became the largest online gambling company in the world.

SkyBet, Fox Bet, Sportsbet, and PokerNews also belong to Flutter.

Caesars Ent ($20.57 billion)

In the heyday of Las Vegas, casinos sprang up. Over time, more and more casinos started working together and mega corporations arose that had several casinos under their control. One of those companies was Harrah’s Entertainment, which later changed its name to Caesars Entertainment Corporation.

Caesars Ent Corporation was one of the largest gambling companies in the world at its peak in 2013, but two years later the company’s largest business unit declared bankruptcy in order to be protected from many outstanding loans that had to be repaid.

Last year, Caesars Entertainment Corporation was acquired by the Eldorado Resorts group. The latter was a lot smaller before the takeover, but with the backing of people with deep pockets. The takeover was closed for $18 billion. Eldorado Resorts changed its name to Caesars Entertainment.

Caesars Ent owns such well known Las Vegas casinos as Caesars Palace, The Cromwell, Planet Hollywood, and the Flamingo.

In September of 2020, Caesars Entertainment acquired William Hill Plc. Since then, the non American parts of the company (such as the many betting shops in England) have been on display.

MGM Resorts ($19.18 billion)

MGM Grand Incorporate was founded in 1986 in Las Vegas Nevada by Kirk Kerkorian, before merging with Mirage Resorts in 2000. Since then, the company has continued as MGM Resorts International and has continued to grow. It now also has subsidiaries such as Roar Digital, LLC, and MORE. In addition, they own 25 different buildings in the US states of Nevada, Mississippi and Michigan.

Famous MGM Resorts International properties include the Bellagio and The Mirage casinos in Las Vegas. Luxor, Aria, Mandalay Bay, MGM Grand, and Excalibur are also owned by the company.

They also have buildings in Abu Dhabi and Dubai, including MGM Grand Abu Dhabi and The Bellagio Dubai.

Wynn Resorts ($14.65 billion)

Wynn Resorts is a publicly traded company and owns several high end hotels and casinos.

In Las Vegas, the company has two buildings on the Strip: The Wynn Las Vegas and Encore Las Vegas. Also in Massachusetts is an Encore Boston Harbor that the company owns. It also used to own Desert In, but that casino had to close its doors on August 28, 2000 after 50 years.

Wynn has also gone international with three buildings in Macau: Wynn Macau, Encore at Wynn Macau and Wynn Palace.

Entertain (Β£9,243,000,000)

British GVC Holdings has been around since 2004 and has since acquired a number of other UK gambling companies. These are Coral and Ladbrokes which is why the company becomes Ladbrokes Coral Plc. named.

With $3.7 billion in revenue, it is rightfully one of the highest earning gambling companies on this list and also the largest with 30,000 employees on its payroll.

In addition to Coral and Ladbrokes, GVC Holdings also has other brands and products within its business. For example, they offer sports betting via Party Casino and Gala, Foxy and Bwin are also part of GVC Holdings.

In November 2020, GVC will change its name to Entain.

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