On this page, you will find casino operators ranked by revenue. This ranking of the biggest casino companies globally is based on their latest available financial reports.
Some of those gaming companies are producing more than half of their income from game machines other than casino games. Therefore, their to casino is lower. However, they still offer casino games in most of their nationwide or at least region-wide networks of establishments. As an example is enough . Therefore, such companies are not discarded from the list. It would be best if you didn’t disregard them when choosing an where to play.
Top 15 Biggest Online Casino Companies Based on Revenue
Here are the largest casino companies in the US and around the world. This table shows the gaming and casino making companies globally. These are publicly traded corporations with stock prices available on major exchanges like NASDAQ and NYSE. Some of these casino-producing parent companies are partly owned by other, larger companies (e.g. CEI is fully owned by IGT). Those joint-ownership situations are not uncommon in the industry. Still, it may make the comparison of the data a little harder because of the lack of transparently available info.
Please keep in mind that some of the largest gaming companies in the USA and the world do not only deal with casino games. They also produce video poker, slot, and skill games for bars, restaurants, supermarkets, bodegas, shopping malls, online, airports, truck stops, etc. In many countries, these types of machines are very popular and highly regulated or even strictly prohibited (e.g., Australia, Japan, France). You can easily spot them by their initials, acronyms, or just a first part of their official names. BML, SI, GLI, SHFL are pure casino hardware manufacturers.
Fanduel Casino PA Free Spins Not on Gambling App - Get Yours!You will also see several well-known sports betting companies on our list. FanDuel and DraftKings got together under the umbrella of Flutter Entertainment. BetMGM is a 50/50 joint venture by MGM Resorts and Roar Digital, which is a partnership between GVC Holdings and MGM Interactive (a division of MGM Resorts). Entain owns the bet365 brand and numerous other betting and gaming operators worldwide.
Many of the biggest online casino operator companies are present on multiple continents and vary in the number of employees from a few thousand down to several ten thousands. Needless to say, those gaming and technology corporations have zero-tolerance policies towards addiction and irresponsible gambling. They promote safe gambling and partner up with responsible gaming organizations.
Some of those corporations own or lease huge land-based casinos and resort hotels. For instance, CityCenter in Las Vegas is entirely owned by MGM Resorts (one of the top casino-owning companies in Sin City). ARIA Resort & Casino is a property of Caesars Entertainment. Their common parent company is Caesars Group. Other big casino companies like Takis S. A. and Rhodium V.C. have a stake in that corporation.
Most of the major casino hardware manufacturing companies license their games to online operators, so you can play them without having to be physically present at specific brick-and-mortar venues. Thus, you don’t need to live near a casino to enjoy your favourite games. Just look for the provider’s logo among the partners listed on the footer of every reputable gaming site.
You might be wondering why we focused on publicly-traded companies while listing the biggest casino operators in the world. It is relatively easy to get accurate information about their income, expenses, assets, liabilities, etc. Also, any respectful and trustworthy big gambling company meets the highest financial and governance standards. To become a public company, you must go through a rigorous audit and prove to the securities commission that you are transparent, fair, and honest with your shareholders. That includes providing detailed and constantly updated annual and quarterly financial reports along with all sorts of internal regulations, procedures, and risk management strategies.
By the way, speaking of auditors, it is essential to know whether an online casino uses approved and trusted RNG software. That means that the random number generators used for creating random outcomes have been tested and verified as fair by organisations approved by the licensing authorities. Those independent testing agencies include eCOGRA, iTech Labs, Technical Systems Testing (TST), Gaming Laboratories International (GLI), and others. The logos of those companies can be found at the best real money online casinos.
If you want to contribute to a responsible gambling foundation, you can try your luck at one of the , which donate a portion of their profits to charitable causes. If you prefer to play at online casinos owned by for-profit corporations, you should pay attention to their parent companies. Many of them are publicly traded on the stock market.
How Do We Measure the Size of a Casino Company?
Every publicly traded gaming and entertainment company has to provide regularly updated financial statements to its shareholders. Depending on the country, the reporting frequency could differ – monthly, quarterly, semi-annually, or annually. The year-end financial report consists of a balance sheet, income statement, and cash flow statement. All that information is also part of the annual report to shareholders. By studying and comparing those documents issued by the Securities and Exchange Commission (SEC) in the United States, we can determine the size of each casino corporation.
When evaluating the scale of a business organisation operating in the gambling sector, investors and analysts examine various aspects, including:
- Gross gambling revenue (GGR)
- Net income (profit/loss)
- Operating income (EBITDA/EBIT)
- Return on invested capital (ROIC)
- Return on equity (ROE)
- Current ratio
- Debt-to-equity ratio
- Debt-to-asset ratio
- Market share
- Market capitalisation
- Price-earnings ratio (P/E ratio)
- Price-to-sales ratio (P/S ratio)
The gambling industry in the USA and worldwide keeps evolving, breaking records every year, and attracting more and bigger players. Casinos were hit hard during the early stages of COVID-19 but managed to adapt fairly quickly and mitigate the negative effects on their revenue. According to studies and projections by Deloitte, EY, PwC, and other accounting firms, the global casino market will continue growing steadily in the next five years.
In 2023, the largest casino corporations are diversifying their portfolios by investing in online gambling software development and acquisitions. Most of the biggest casino companies in America and across the globe are striving to expand their businesses beyond their home countries and regions. At the same time, they face increasing regulation, higher taxes, and intense competition from startups and small businesses.
Since the establishment of the world’s first commercial online casino, InterCasino, in 1996, the has experienced tremendous growth. Nowadays, most governments have created separate administrative branches to oversee and control all forms of remote gambling within their territory. Cross-border online operations require special permits. Many countries have signed treaties and adopted laws against illegal offshore gambling websites.
How to Read Financial Statements of Casino Companies
If you are thinking about investing in casino stocks or simply curious what those numbers mean, let’s take a closer look at how to read public financial statements of gambling companies. Below, you can see examples of income statements, also known as profit and loss accounts (P&L), balance sheets, and cash flow statements of a few famous casino hardware producers – Scientific Games, Everi Holdings, and Ainsworth Game Technology. All figures are in thousands. To convert them to millions, divide by 1000.
Scientific Games
Income Statement (SGC – Scientific Games Corporation, Q4 2022)
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Balance Sheet (SGC – Scientific Games Corporation, Q4 2022)
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Cash Flow Statement (SGC – Scientific Games Corporation, Q4 2022)
Casinos Near Jacksonville, FL - Your Guide to Florida Gambling!_ Cash Flow Statement Example{width="800" height="570"}
Everi Holdings
Income Statement (EVRI – Everi Holdings, Q4 2022)
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Balance Sheet (EVRI – Everi Holdings Inc, Q4 2022)
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Cash Flow Statement (AGT – Ainsworth Game Technology, YE 2021)
Notes:
- Revenue (aka sales or turnover) – the total amount of gross gaming revenue (GGR) generated by selling products or services for a particular period. In the case of casino hardware suppliers, it represents the sum of proceeds from gaming and shuffle products. Usually reported on the income statement.
- Cost of goods sold (COGS) – the direct expenses related to the production and sale of goods, such as components, materials, manufacturer fees, royalties, and transportation. Subtracted from revenue to calculate the gross profit. Also presented on the income statement.
- Operating income / EBITDA / EBIT – the earnings before interest, taxes, depreciation, and amortization (EBITDA) or the operating income (EBIT – earning before interest and taxes). It indicates the profitability of the core business operations. Investors monitor changes in this indicator over time.
- Net income (loss) – equals to the bottom line figure on the income statement. It reflects the company’s profit or loss after deducting all expenses, interests, taxes, and depreciation from the revenue. Shareholders’ equity = net income + retained earnings + treasury shares.
- Total assets – all resources controlled by the corporation, including current assets (cash, cash equivalents, account receivables, inventory) and fixed assets (property, plant, and equipment like buildings, machinery, vehicles). Shown on the left side of the balance sheet.
- Shareholders’ equity – also called net assets or owners’ equity. It is equal to the difference between total assets and total liabilities. Comprised of contributed capital (money received from investors) and retained earnings (net income that was reinvested into the business instead of being distributed as dividends).
- Current liabilities – debts that are due to be paid in cash within 12 months, such as accounts payable, tax liability, wages payable, short-term debt, etc. They are placed on the left side of the balance sheet right below current assets. Long-term liabilities extend beyond one year.
- Cash flows – inflows and outflows of currency involved in three main activities: operating, investing, and financing. Calculated according to the cash basis of accounting, which differs from GAAP (generally accepted accounting principles) used for profit calculations. Presented in the statement orderingly by category.
Whale Watching at the Biggest Online Casinos in the World
Real money gambling sites accept different currencies, including fiat and cryptocurrency. No matter what payment method you choose to deposit and withdraw real cash, winnings are always displayed in virtual chips of the corresponding value. For example, $1 = 1 chip; £10 = 10 chips; €5 = 5 chips; 1 BTC = 1 chip (if that’s your crypto of choice).
Best Real Cash Apps Like My Club Bingo (MCB) - MCB AlternativesWhile public companies must publish their reports regularly, online casino operators do not disclose their revenues. Hence, it is impossible to rank gaming sites by size or popularity like we did with casino hardware manufacturers and operators offering land-based games. Even if they wanted to, they wouldn’t be able to reveal such details because many wholesale and B2B transactions happen between legal entities, not actual funds.
Each online casino operates in a highly competitive environment. To attract new customers, they offer welcome bonuses, also known as first deposit bonuses or sign-up bonuses. Seasoned gamblers usually jump from one site to another to take advantage of such promotions and collect free spins, reload bonus, loyalty points, shop discounts, etc. That behaviour is called whaling or casino whale hunting.
Whales, also called whale players, are sought after by all online gambling sites because they bring the most profits. That is why smart operators try to lure them in with generous bonuses and personal treatment, such as dedicated support channels, tailored offers, and enhanced withdrawal limits. There are four classes of gambling whales:
- High rollers – experienced casino players who deposit and bet large amounts of money but are not necessarily interested in complimentary services (dubbed “non-comp”)
- Expansion players – similar to high rollers but can be persuaded to use other gambling operations within the corporate family of the casino group (aka “comp-comp”)
- Enhanced ad-value players – typically depositing smaller sums but wagering them rapidly and responding well to bonus offers and loyalty rewards (comps)
- Atrisk players – those whose gambling habits put them at risk of developing a gambling problem. Gambling operators have obligations towards preventing and fighting gambling addiction.
As a gambling whale, you should remember that no matter how generous the welcome bonus offered by an online casino may seem, you cannot turn water into wine. High rollers can lose money too. That is why you should play only on licensed and secure gambling platforms and be responsible with your budget. It is also wise to create an email address and use a bank card that are not associated with other purposes than funding your gambling adventures. This precaution can help you stay in control and avoid overspending.
To find the right to play at, you should consider many factors, such as… Well, we did that for you. After all, we are talking about the overall gaming revenue, not just the bonus amount or the playthrough requirement. Here are the whale-friendly rooms with the highest traffic and broad game selections at fair betting limits available on the internet. Please note that some of those brands are accessible only through our links and won’t appear if you search for them directly. That is how we negotiate exclusive deals and promotions for our readers.
FAQ About the Biggest Casino Companies in the USA and Abroad
If you have further questions about the casino operators and gaming sites mentioned above, please read this section with our most frequently asked questions. If you are curious to learn more about online gambling and the best places to do it, please browse the rest of our website. To keep up with the latest news, follow us on Facebook, Twitter, and Instagram.
💼 Which are the biggest casino companies?
The leading casino companies in the world are also engaged in other business lines that involve managing coin operated machine networks in shops, bars, pubs, gas stations, transport hubs, etc. Across the country. These include Crane Co., Amusements Totalizator Agency Limited (ATGAM), Suzo-Hirota Grop, Arkada Toy Corp., Leisure Games Fund, Sega Sammy Holdings, Petit Casino, Tech Arts Gaming, Electronic Gaming Technologies, Tangam System, Hasegawa Manufacturing Co., Coin Industries, Visual Games Worldwide, Zijin Macau, Votec International, and others.
All of them produce slot machines, video poker machines, keno terminals, skill-based games, and other entertaining devices that are placed in locations other than casinos, taverns, and racetracks. Such establishments can be found in 80% of American homes. They account for approximately 60% of the overall revenue produced by the gaming industry in the USA.
💰 Where are the biggest casinos in the world located?
The is in the South-East Asia region with 23 properties in Macau alone. They are followed by the Las Vegas Valley in Nevada with 66 casinos and the UK with 98 land-based gambling venues spread across England, Scotland, Wales, and Northern Ireland. Rounding the top 10 casino destinations in the world are Singapore, Chiba (Japan), South Korea, Amsterdam (the Netherlands), and Sao Paulo (Brazil).
The largest and most extravagant resorts on the planet are:
- Winfox World (China) – 685,230 square feet (63,800 m²);
- Wynn Palace (Macau) – 424,000 square feet (39,200 m²);
- City of Dreams (Malaysia) – 261,155 square feet (24,236 m²);
- Venetian Las Vegas (USA) – 120 acres (49 ha) and 120,000,000 cubic feet (3,400,000 m³);
- Foxwoods Resort Casino (USA) – 6.7 million square feet (620,000 m²);
- Rio Casino Resort (South Africa) – 3.4 million square feet (316,000 m²);
- Ponte 16 (Macau) – 290,000 square feet (27,000 m²);
- MGM Grand Las Vegas (USA) – 170.75 acres (68.88 ha) and 160,000 net square feet (14,864 m²);
- Bellagio (USA) – 122 acres (49 ha) and 122,000 square feet (11,200 m²);
- Borgata (USA) – 260 hotel rooms and 2,814 square metres (30,120 sq ft) of gaming space.
The top 10 biggest casino operators in the USA by revenue from their US land-based casinos are MGM Resorts, Caesars Entertainment, Boyd Gaming, Penn National Gaming, Churchill Downs Incorporated, Las Vegas Sands, Tropicana Entertainment, Wynn Resorts, Ho-Chunk, Inc, and Fantasy Springs Resort Casino.
⚖ Who owns the biggest casino company in the world?
State Ownerships is the leading casino owner in the world with 11 properties, including Sands Macao, Conrad Macao Cotai Central, The Venetian Macao, Four Seasons Hotel Macao, Sands Macao, Sheraton Macao Hotel, and The Plaza Macao. It is followed by Nevadacuisine (66 casinos in the Las Vegas Valley) and the British government (98+ casinos throughout England, Scotland, Wales, and Northern Ireland).
In terms of the biggest publicly traded entertainment companies, Disney is the leader with a market capitalisation of USD 187.7 billion as of 31st December 2022. Next come Comcast (USD 84.1 bil.), Sony Group (67.1 bil.), Paramount (64.4 bil.), Fiserv (63 bil.), Warner Bros (58.5 bil.), ViacomCBS (33.6 bil.), Amazon Studios (32.6 bil.) and Fox Corporation (29.9 bil.). The others are ABC (28.7 bil.), HBO (28.3 bil.), NBCUniversal (27.6 bil.), AMC Networks (6.9 bil.), BuzzFeed (5.8 bil.), MGM Resorts (4.7 bil.), Lionsgate (2.8 bil.) and Star India (2.5 bil.).
🤔 What kind of companies invest in casino stock?
According to research, hedge funds invest in casino stocks more often than private equity firms, sovereign wealth funds, venture capitalists, or mutual funds. The top 10 hedge fund shareholders of Caesars Entertainment Accounting for 345.9 Million shares or 42.40% of the float. Mythical Prime Partner LP owns 2.27 Million shares or 12.70% of Shakey’s Inc which is equivalent to 12.70% of the float.
Institutional investors holding more than $100 million in Scientific Games, SGAMU, include Berkshire Hathaway Inc, Fisher Asset Management LLC, Vanguard Group Inc, BlackRock Fund Advisors, Geode Capital Management, Dodge & Cox, State Board of Administration of Florida, Wellington Management Group, SSgA Funds Management, and Invesco Ltd.
Institutions hold roughly 83.5% of Everi Holding Inc (EVRI) [NYSE:EVRI] shares outstanding. The Largest Institutional Owners include Vanguard Group Inc, BlackRock Fund Advisors, SSgA Funds Management, First Hawaii Bank, First Pacific Advisors Ltd, and Wells Fargo Bank, National Association.
🕹️ Which are the best casino companies to invest in?
When deciding which casino stocks to buy, you should consider certain criteria, such as revenue streams, geographic presence, regulatory compliance, management team, prospects, dividends, and potential risks. Here are some of the best-performing casino companies that meet those requirements:
- Flutter Entertainment – headquartered in Dublin, Ireland. It owns or has significant stakes in many popular brands like Paddy Power, Betfair, Adjarbet, Tombola, Monkey, Dream11, Neds, and TVG.
- Genting Malaysia – engages primarily in the gaming and leisure business through its flagship integrated resort, Resort World Genting in Pahang Darul Makmur, Malaysia. It also holds a 53% stake in Genting Singapore through its subsidiary Genting Malaysia Berhad.
- Scientific Games – produces instant games, draw games, instant ticket systems, and interactive games for lotteries around the world. Its VLT division offers advanced gaming machines and systems for bars, restaurants, taverns, casinos, racinos, and other out-of-casino locations in the USA.
- DraftKings – offers daily fantasy sports contests and mobile sports betting in the USA and Europe. Available on iOS, Android, and desktop devices. One of the leading operators in the fast-growing iGaming markets of Spain, Germany, Austria, and Switzerland.
- Evolution AB – delivers live dealer casino games and original game shows streamed from professional studios in real time. Specialises in localised content in multiple languages. Cloud-based solutions compatible with mobile phones and PC.
- BetMGM – provides online slots, table games, poker, bingo, and sports betting in multiple states across the USA. It is the shared online entity between MGM Resorts and GVC Holdings. Available for iPhone, iPad, Android, and Windows devices.
- PlayAGS – manufactures electronic gaming machines and systems for the Indian gaming industry. It also provides games on a service basis and interacts services to other gaming companies. Its Class II AGS Network Interface Module open jackpot system links slots across bingo and casino floors.
- Philadelphia Stock Exchange – PSX is an auction-based stock exchange trading the symbol PHLX, and it lists options on regional stock indexes. Options contracts allow investors to benefit from rising or falling equity prices in the region.
- Everi Holding – offers gaming and financial technologies for Indian casinos and taverns, African lotteries, Asian bookmakers, European and South American lotteries, Australian bookmakers, and Latin American casinos. Some of its products are suitable for online operations too.
These casino companies deliver a wide range of products and services covering all major gambling segments. They also have strong management teams capable of navigating the dynamic regulatory landscape and staying profitable in the long run.
play mobile casino🌎 How international are casino companies?
The top casino companies operate mostly in their domestic markets. For example, the top five foreign markets for Scientific Games, excluding the USA, are the UK, Canada, Mexico, Brazil, and Portugal. The next five are Italy, Spain, China, Hong Kong, and Macau. The top five foreign markets for Everi Holding Inc are Kenya, Ethiopia, UK, Peru, and Uzbekistan. The next five are Mexico, Chile, Ecuador, Portugal, and Italy.
If we talk about casino resorts, the undisputed leader is Macau Special Administrative Region of the People’s Republic of China. It attracted 35,891,500 visitors in 2019. Following it are the City of Sin – 60,185,100 tourists, Singapore – 18,566,200, Dutch-operated Holland Casino in Amsterdam – 2,982,000, Okada Manila – 1,734,454, and Foxwoods Resort Casino – 1,566,761.
The top five casino destinations in Europe are Monte Carlo Casino in Monaco (816,000 visitors), Arupus Casino in Bad Homburg v.d.H. (600,000), Casino Baden-Baden (500,000), Kurhaus Casino in Baden (400,000), and Casino Barcelona (350,000). The rest are Stuttgart Palmengarten Casino (300,000), Dublin Burlington Hotel Casino (250,000), Cardiff Park Avenue Casino (200,000), Vienna Altwiener Casinos (175,000 visits per year), Colonnade Cordus Casino in Berlin (150,000), and Crockfords in London (100,000).
📈 How to read stock splits for casino companies?
Stock split occurs when a board of directors decides to change the par value and the number of shares outstanding of a corporation while keeping the ownership structure intact. There are two main types of stock splitting:
- **Forward Stock Split – commonly used by publicly traded companies. It increases the number of shares while reducing the par value and the share price. For example, a 2-for-1 forward split would multiply the number of outstanding shares by 2 and divide face value per share by 2. Total shareholder equity remains the same.``` Ex x Shares Outstanding x Face Value Per Share = Total Shareholder Equity 2x Shares Outstanding x Face Value / 2 = Total Shareholder Equity
* ****Reverse Stock Split** – less common than forward. It does the opposite. Reduces the number of shares while increasing par value and share price. For instance, a 3-for-1 reverse split would divide the amount of shares by 3 and multiply face value per share by 3. Again, stockholder’s equity stays put. ```
3x Shares Outstanding / 3 x Face Value Per Share = Total Shareholder Equity
x Shares Outstanding x Face Value Per Share = Total Shareholder Equity/3
Whether it is a 7-for-1 stock split, 2-for-1, or 15-for-15, it shouldn’t affect the value of your investment because the total market capitalisation remains constant regardless of the number of shares. Only the share price and the ask/bid spread change.
For instance, imagine that a company has 20,000,000 shares outstanding priced at $10 each. That makes a market cap of $200 million. Then, they declare a 3-for-1 stock split. Now, there are 66,666,666 shares, and the price drops to $3.33 per share. The result is the same: $220 million.
Fast Payout Casinos with Instant Withdrawals in 2023Although casino companies rarely split their shares, their values can grow considerably due to industry growth, managerial decisions, investment opportunities, economic conditions, innovation, etc. Looking at historical charts, we can pick casino stocks to buy based on technical indicators or wait for insider trades and press releases to make informed decisions.
💰 Are casino stocks a good investment?
Casino stocks could be a good investment opportunity for several reasons:
- Diversification – by adding a few gaming and leisure shares to a , you can reduce the overall risk of losses because casino companies usually operate outside of that sector.
- Long-term perspective – short-term fluctuations are normal in any type of equities. It is recommended to buy and hold casino stocks for at least a year to benefit from possible future gains.
- Compound interest – regular investments in casino share offerings could generate a decent passive income thanks to reinvested dividends and capital appreciation.
- Fractional ownership – purchasing casino stocks allows you to become a partial owner of a company and participate in shareholder meetings, distributions, and decision-making processes.
- Profit from innovations – the gaming industry is evolving, embracing digital transformations such as mobile apps, esports, social casinos, AR, VR, AI, blockchain, etc. Investing in casino share offerings could grant you access to ground floor opportunities.
Of course, buying casino stocks comes with inherent risks that must be taken into consideration, such as increased competition, changing consumer preferences, economic downturns, natural disasters, regulation, technological obsolescence, cyber threats, and intellectual property infringement.
It is imperative to conduct thorough due diligence before investing in any security. That includes reading and understanding the prospectus, annual report, quarterly filings, press releases, SEC EDGAR database searches, news articles, analyst notes, social media posts, and government reports. Consult with a licensed investment advisor before making any investment decisions.
🏆 Which country has the biggest casino industry?
Macau Special Administrative Region of the People’s Republic of China is the world’s largest casino market with over 40 casinos, 34 of which are situated in theMacao Peninsula and six on Taipa Island. The total size of the archipelago’s casino industry exceeded USD 32 billion in 2019. The next casino market sizes are the US (27,380,900,000), Japan (3,580,000,000), UAE (3,260,000,000), Singapore (8,810,300,000), and South Korea (8,640,000,000).
In terms of revenue generated by , Macau leads with USD 36,987,637, Macau; 27,085. 8 Las Vegas Boulevard, NV, USA; USD 291,800, 3 City of Dreams, MAC, USD 283,792, City of Dreams, MAC; 5 Wynn Palace, MAC, USD 255,907, 4 Venetian Macau, MAC, USD 246,666, 6 Sands Macao, MAC, USD 132,542, and 9 Ryugyonggang Jokhungwan, P'yongan, Korea, North, USD 118,539.
💎 What is the safest casino stock to buy?
When looking for the most stable casino stocks, investors analyse several factors: profitability trends, management efficiency, liquidity ratios, solvency, gearing levels, market position, pricing power, growth potential, competitive advantage, dividend policy, regulatory risks, and macroeconomic scenarios. Based on that, here are the most promising stock picks in the gaming industry:
- Flutter Entertainment – acquired The Stars Group in September 2020 and entered the US sports betting and iGaming markets. It also has strong positions in Australia and India.
- Genting Malaysia – 61.3% owned by Genting Singapore, which in turn is 34% owned by Genting Malaysia. The group operates Resorts World Genting in Pahang Darul Makmur, Malaysia, and Resorts World Sentosa and Resorts World Birmingham internationally.
- Scientific Games – its gaming division creates lottery instant tickets, draws, and interactive games. The VLT division sells gaming machines and systems for bars, casinos, taverns, bingo halls, racinos, etc. In the USA.
- DraftKings – a leading provider of daily fantasy sports contests and mobile sports betting in the USA and Europe. Available on iOS, Android, and desktop devices.
- Evolution AB – offers live dealer casino games and original game shows streamed from professional studios in real time. Cloud-based solutions compatible with mobile phones and PC.
- BetMGM – provides online slots, table games, poker, bingo, and sports betting in multiple states across the USA. It is the shared online entity between MGM Resorts and GVC Holdings. Available for iPhone, iPad, and Android devices.
- PlayAGS – manages electronic gaming machines and systems for Indian casinos and taverns, African lotteries, Asian bookmakers, European and South American lotteries, Australian bookmakers, and Latin American casinos. Its products are suitable for online operations too.
- Everi Holding – delivers gaming and financial technologies for Indian casinos and taverns, African lotteries, Korean bookmakers, European lotteries, Chinese bookmakers, and Latin American casinos. Its products are suitable for online operations too. Some of its products are suitable for online operations too.
Among these casino stocks, Flutter Entertainment seems to be the most profitable in 2023. It has returned 45% so far and is expected to reach 650p. The company is gaining market share in the US sports betting and iGaming sectors through FanDuel.
❔ Why do casino stocks fluctuate?
Casino stocks could be volatile for several reasons:
- Economic conditions
- Regulatory changes
- Competition
- Consumer preferences
- Natural disasters
- Geopolitical risks
- Technology obsolescence
- Cyber threats
- Intellectual property infringement
- Interest rates
- Inflation
- Earnings reports
- Analyst
