Gambling has never been so popular as now thanks to new online options
The biggest gambling companies owns brands like bwin, Betfair or PokerStars
American gambling companies still earn lots of money thanks to casinos and hotels
Gambling has been one of the most successful sectors in recent years with more and more people playing online too. We can see the brands of the following companies everywhere from football matches to TV ads. The biggest gambling companies have hundreds of millions of dollars in revenue, let’s see who they are.
People have been gambling for a very long time now but thanks to the spread of online gambling, more people take part in it than ever before. From sports betting to playing poker, you can do anything online now, what you can do in a brick and mortar casino. With the changes in the players’ habits, and the closures of several real gambling places, online gambling companies continued to grow and earn millions of dollars every year. But the biggest members of the market do well online and in retail as well, keeping up with the latest trends and investing in new brands. These are the biggest companies from different areas of the industry in no particular order.
Flutter Entertainment
One of the biggest gambling companies in the world, Flutter Entertainment owns brands like Betfair, FanDuel, Paddy Power, and PokerStars. It has 13 million customers all over the world with an annual revenue of £4,4 billion in 2020. The Ireland-based company has around 14,000 employees working in four different divisions: online, retail, Australia, and the United States. After the acquisition of Canadian gambling operator The Stars Group, the company has become the biggest online gambling company based on revenues. It even owns 51% of Georgian gambling company adjarabet with an option to buy the remaining 49% according to online gambling sites in the UK.
Biggest gambling companies: Evolution Gaming
The following giant company has its headquarters in Stockholm, Sweden but we can find its products all around the world. The company makes live casino products like live versions of roulette, blackjack, and Texas Hold’em. Picture Source: PixabayThey’ve also produced games as Dreamcatcher which is a live-dealer version of a Money Wheel game. Evolution bought NetEnt, another premium gaming provider in 2020, increasing the company’s revenue by 53% to €561 million. The growing popularity of online gambling has also contributed to their success.
Las Vegas Sands
In the US, Las Vegas Sands is the biggest casino company with 50,000 employees. Sheldon Adelson founded the company in 1988 who bought the Sands Hotel in the following year. He added more casino hotels to his properties in the following years like The Venetian and The Palazzo. Along with hotels in Macau and The Marina Bay in Singapore. Adelson was also interested in trade show business and made huge profits from them instead of focusing only on gambling. Last years were tough though for the hotel industry. The annual revenue in 2020 was down to $3,61 billion due to the shutdowns of its casinos. Still, Las Vegas Sands is a huge factor in the gambling industry.
Biggest gambling companies: Entain Plc
The international sports betting and gambling company, Entain Plc also belongs to the biggest companies. It was founded in Luxembourg in 2004 under the name of Gaming VC Holdings. Then it became as GVC Holdings in 2010 and moved to the Isle of Man. It is focused mostly on sportsbooks and has brands like bwin, Ladbrokes & Coral and Sportingbet. Picture Source: Wikimedia CommonsBut in recent years the company also bought other online gambling sites like partypoker, Cashcade and Foxy Bingo. It was renamed as Entain Plc in 2020 when the annual revenue was €3,5 billion. The company is listed on the London Stock Exchange and belongs to the top 100 companies there according to online sportsbooks news in the UK.
Caesars Entertainment
Another huge company from the US is Caesars Entertainment aka the former Eldorado Resorts Inc. It was founded in Reno, Nevada in 1996 and has been operated in the hotel and casino industry ever since. After the acquisition of Caesars Entertainment in 2020, Eldorado changed its name. Now the Caesars Entertainment operates more than 50 properties in the US from Circus Circus Reno to Planet Hollywood Las Vegas. The company has 27,000 employees and had a revenue of $3.47 billion in 2020. It also has its own sportsbook where players can win Caesars Rewards like free sports tickets, dining and getaways. No surprise that the company is in the 500 largest US companies on the stock exchange.
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