Who Are the Biggest Gambling Companies in the World?

With the spread of online gambling – whether it be in the form of sports betting or iGaming – being experienced across the US and other parts of the world, it can be easy to assume that the industry is among one of the biggest around the globe.

Of course, there is a lot of money that is being generated through the use of betting, with technology providing individuals all around the world the opportunity to engage in the activity whenever they want. With tech, you can now place bets on sporting events whenever one takes place, or take a few spins on the online slots that are widely available to enjoy with a few clicks on your preferred device.

However, while everyone recognizes that the industry is a multi-billion dollar venture and one that is enjoyed by a number of companies, they may not realize who the biggest players actually are…

Las Vegas Sands – $34.64 billion

Las Vegas is known as the city which is immediately associated with gambling activities. While The Strip has plenty of other attractions that continually attract millions to its location, there are a plethora of world-famous casino establishments that line the promenade that most will visit.

However, despite having the name of the city in their brand name, The Las Vegas Sands corporation is an American business group that has made its presence felt without being in Nevada, as they own several properties. While they have their headquarters in the state, they mainly operate in Macao and Singapore, where they have a total of six venues in their control. This includes The Venetian Macao and Sands Macao, as well as the Marina Bay Sands in Singapore, which is the country’s most iconic building. As a result, they have the greatest market cap across the industry, with it worth $34.64 billion.

US-based firms make up top 10

Although gambling is only starting to spread digitally across the USA legally, the vast majority of companies in terms of market cap inside the top 10 operate from the country. While Flutter Entertainment (Ireland), Evolution Gaming (Sweden), and Aristocat (Australia) follow Las Vegas Sands immediately in terms of their market cap ($26.84 billion, $19.92 billion, and $16.04 billion, respectively), the US fills spots between five and nine before another country steps in.

DraftKings are ranked fifth ($12.55 billion) with MGM Resorts ($12.36 billion), Gaming and Leisure Properties ($11.83 billion), Wynn Resorts ($9.98 billion) and Caesars Entertainment ($8.90 billion). Isle of Man-based Entain – which has brands like bwin, Coral, Ladbrokes, and more – complete the top 10 as they have a market cap of $7.06 billion.

Are iGaming companies worth investing in?

Given the continually changing landscape and the favorable conditions that are being experienced, it could be a good time to consider investing into the iGaming industry. It is important to recognize that share prices continue to remain rather high because of the success that is being enjoyed. Still, with new innovations being realized through technology and the industry’s heavy reliance upon it, there may be no greater time to get involved.

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