The Times

The Biggest Gambling Groups in the World

  • Written by The Times

Gambling has been part of our lives for pretty much… forever, in one form or another. Evidence of gambling has emerged from thousands of years ago, using anything from cards to sticks and dice. This form of entertainment has always captivated people - and it continues to do so today.

In this day and age, there are countless regulated markets and countless providers of solutions for them, ranging from veterans like IGT in the US (mostly focused on land-based casino solutions) and Microgaming in the Isle of Man (focused especially on the iGaming industry). And then, there are the biggest players (sic!) in the industry that generate the most income - like the ones below.

MGM Resorts

The MGM brand may sound familiar for moviegoers - Metro-Goldwyn-Mayer is responsible for some truly successful film series like Rocky, Stargate, Robocop, and James Bond, to name just a few. Well, MGM Resorts was created as the original MGM’s hospitality offshoot by then-owner Kirk Kerkorian, who later spun off the studio, focusing on real estate, resorts, and gambling.

Today, MGM Resorts is one of the biggest land-based gambling operators in the world, with a market cap of over $19 billion, and properties across the US and China.

Aristocrat

Aristocrat Leisure Limited is a gaming technology and services provider present in regulated markets around the world, from Sydney to Seattle. Founded in Sydney, Australia, in the 1950s, it initially produced gaming machines, especially slot machines. It went global in the coming decades, establishing a foothold as well as a name for itself. In time, it embraced the internet as well, providing the industry with desktop and mobile games. Ultimately, it split in two - Aristocrat Gaming and Pixel United. Today, the company has a market cap of over $20 billion.

Evolution Gaming

Evolution Gaming is a Swedish casino solutions provider famous for its live dealer games. The company launched its first products in the mid-2000s, bringing on a real revolution - its segment, originally seen as a novelty, became a huge hit, today responsible for a third of the iGaming industry’s revenue.

Evolution expanded in recent years, engulfing several game developers and opening several studios all over the globe. Today, it has a market cap of $26.5 billion.

Las Vegas Sands

Sands is another land-based gambling operator, the owner of some of the biggest and best-known casino resorts in Las Vegas, Singapore, and Macau. The company was founded in the late 1980s when owner Sheldon Adelson and his business partners acquired the Sands Hotel in Las Vegas - it was ultimately demolished to make space for one of the Sands’ most famous properties, the Venetian. With a market cap of $26.8 billion, it is the second-largest gambling company in the world today.

Flutter Entertainment

With a market cap of almost $30 billion, Flutter Entertainment is the biggest gambling company today. The company was born out of the fusion of two rivals, Irish bookmaker Paddy Power and its British counterpart Betfair, in 2015. The company grew through acquisitions, engulfing Australian betting company Sportsbet.com.au in 2017, US fantasy sports operator FanDuel in 2018, and The Stars Group - the company behind PokerStars - in 2019.



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