The iGaming industry is highly competitive. New gambling sites show up every day, and as a result, the number of gambling companies keeps increasing. The rivalry alongside the lucrative revenues inspires gambling businesses to do better, to keep up with the changes and innovations. Still, not all brands are equally popular or successful. In fact, there are some obvious market leaders, and it's interesting to know them. Listed below, you'll find the world's largest gambling companies. Let's see what makes them so special and better than the fierce competition.
Caesars Entertainment was founded in 1996, and it has its headquarters in Reno, Nevada, US. These days, the brand is known for its fierce expansion on the American online gambling and betting market.Caesars Entertainment currently owns multiple brands and has 21,000 employees worldwide. It's an S&P 500 company that trades under NASDAQ's CZR stock ticker. More importantly, its revenue is estimated at $3.47 billion.
Flutter Entertainment is one of the most respectable companies in the gambling world. It has headquarters in Dublin, Ireland. Established in 2016, the brand experienced an increase in revenue after completing a merger with The Stars Group (TSG) in 2019.
Flutter Entertainment owns numerous brands, including Betfair, Adjarabet, PokerStars, and Fox Bet. Currently, it has more than 13,000 employees and an estimated revenue of £4.39 billion.
Evolution is a successful gambling company founded in 2006, with headquarters in Stockholm, Sweden. In 2020, the brand managed to finalize the acquisition of another industry giant - NetEnt. It led to some controversy and an industrial dispute that was quickly solved. Today, Evolution has around 7,000 employees, and its latest reported revenue is €561.1 million. The acquisition of NetEnt and the Coronavirus pandemic certainly boosted these results. The company's revenue was increased by 53% only in 2020.
Catena Media was established in 2012, and it is one of the greatest gambling companies in the world. Its headquarters is located in Gzira, Malta, and the company has over 400 employees. The average annual revenue of Catena Media is around €100 million. Yet, the company posted a slight rise for 2020 and completed the year with a fantastic €106 million in revenue.
Better Collective is dedicated to educating users about iGaming, betting, esports, and more through multiple platforms. The company was founded in 2004 and currently operates out of twelve offices with 450 employees and headquarters in Denmark. Better Collective experienced a massive increase in revenue in 2020. The brand's revenue hit an impressive €160 million and earned it a spot among the best.
Las Vegas Sands
Sheldon Adelson, a firm believer that conventions entice consumers, founded Las Vegas Sands in 1988. His ambition made Las Vegas Sands predominant in the Las Vegas Strip and Macau. The company's headquarters is in Las Vegas, Nevada. As a result of the pandemic and frequent shutdowns, the corporate revenue decreased to $3.61 billion in 2020. However, the company stands strong and supports its employees throughout the crisis.
bet365 is a privately held sports betting company founded in 2000 and located in North Staffordshire, UK. Although the coronavirus pandemic took a toll on everyone and everything, the company experienced only a slight decrease in revenue. This company ended 2020 with £2.98 billion in revenue. After all, bet365 is a well-established company with 4,646 employees and stands behind the massively popular bet365 Casino.
Kindred Group is one of the largest gambling operators in the world, with headquarters in Valletta, Malta. The company was founded in 1997 and currently owns nine brands, including 32Red and Unibet. Kindred's revenue in 2020 increased despite the raging pandemic. The company ended the year with £751.4 million in revenue. This will probably motivate them to work harder and deliver better products in the years to come.
Entain is one of the biggest FTSE 100 gambling companies in the world. It was founded in 2004 as GVC Holdings but decided to rebrand in 2020 and launch into new regulated markets. After some turbulence amid the rebranding, the company quickly bounced back and is doing well ever since. Entain performed well in 2020 and ended the year with €3.57 billion in revenue, which is impressive given the circumstances.
Scientific Games was founded in 1973, and it's a leading software provider globally. It's a big and successful company with headquarters in Las Vegas, Nevada and 10,000 employees. Last year was a challenging one for the world, and the pandemic certainly impacted Scientific Games, too. Yet, the company still managed to end the year with $3.37 billion in revenue.
Other Successful Gambling Companies
It's fair to mention that the gambling industry is huge and ever-popular. So, it's hard to mention every brand that is going strong. In that regard, we listed some more great gambling companies and their 2020 revenues:
- 888 Holdings - $849.7 million
- IGT - $1.02 billion
- Tabcorp – AU$5.482 billion
- Wynn Resorts - $6.61 billion