Largest Gambling Companies Based on Revenue

Largest Gambling Companies Based on Revenue

One of the hardest-hit industries during the pandemic is the gambling industry. Many governments prohibited large indoor gatherings. As a result, casinos and other gambling venues had to shut down temporarily. Here are the largest gambling companies that managed to stay resilient during the pandemic.

As gambling companies try to rebound from the pandemic, they face new challenges in 2022. Some of the challenges include rate hikes and inflation. Despite that, casinos started to grow in regions where temporary lockdowns do not impact businesses. Also, online gambling sites continue to flourish during that period.

Largest Gambling Companies in 2022

Largest Gambling Companies Based on RevenueMGM Resorts International has $12.5 billion in trailing twelve-month revenue. According to casino pay per head services providers, it is a casino, resort, and hotel company based in the United States. Its headquarters are also in Las Vegas, Nevada. The corporation is on the mend, with sales of $9.5 billion for the first three quarters of this year, representing an incredible $3 billion yearly growth. Furthermore, the BetMGM platform is on target to generate $1.4 billion annual revenue, representing 10% of the $1.5 billion total addressable market in the US iGaming business.

Caesars Entertainment comes in second with $10.6 billion in TTM revenue. According to casino software records, its third-quarter earnings increased 7.8 percent year on year and topped analyst EPS projections by one cent. As a result, it provided new impetus to the company’s stock price, which increased by more than 6%. In November 2022, Caesars Entertainment also announced that their Sportsbook application is now accepting bets in the US state of Maryland.

Flutter Entertainment ranks third with $7.7 billion in TTM revenue. It is an Irish corporation that provides sportsbooks, fixed odds games, online bingo, poker, online casino platform, and rummy, among other things. Its headquarters are located in Dublin, Ireland.

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