April 9, 2021 14 min read


The Biggest Gambling Companies in the World

The world of gambling is full of competition and rivalries. This helps keep the industry vibrant and in check, giving gambling brands an extra incentive to compete for market share. Today, we take a look at the biggest online gambling companies and physical operators.

You will find a list of listed gambling companies and operators that are considered the largest entities in the industry across Europe, the United Kingdom, the USA, and beyond. We have reviewed each across several key criteria to present you with a quick, up-to-date reference. 

1. Caesars Entertainment 

  • Revenue: $9.57 billion 
  • Stock ticker: CZR (NASDAQ)
  • Headquarters: Reno, Nevada, United States
  • Number of employees: 23,000
  • Founded: 1996

Caesars Entertainment is one of the largest gambling companies online and in retail. The company rebranded from Eldorado Resorts in the wake of its acquisition of Caesars, the namesake brand which it acquired for $17 billion in stock and cash. The deal was completed in July 2020.

Presently, Caesars Entertainment’s revenue is estimated at $9.57 billion with 23,000 employees globally. Caesars owns numerous brands, including Eldorado, Harrah’s, Horseshoe, Tropicana. Caesars Entertainment is an S&P 500’s company and currently trades on NASDAQ under the CZR stock ticker.

2. Flutter Entertainment

  • Revenue: $6 billion 
  • Stock ticker: FLTR (LSE)
  • Headquarters: Dublin, Ireland
  • Number of employees: 16,813
  • Founded: 2016 

Flutter Entertainment is one of the most sizable industry giants in gambling. The company is well-represented in both the online and retail segments, and it finalized a merger with The Stars Group (TSG), which led to an uptick in operational results and revenue in 2020.

The company’s latest reported revenue is £6 billion. Flutter is both the biggest online gambling company and retail operator. The company owns Adjarabet, BetEasy, Betfair, FanDuel, Fox Bet, Full Tilt Poker, Paddy Power, PokerStars, SkyBet, Sportsbet.com.au, Timeform, and TGV Network.

Full Tilt Poker stopped operating in 2021 with the platform assimilated by Flutter’s flagship poker platform, PokerStars. FanDuel presently controls the bulk of the sports betting market in the country.

3. Evolution 

  • Revenue: €1.456 billion
  • Stock ticker: EVO:SS (NASDAQ)
  • Headquarters: Stockholm, Sweden
  • Number of employees: 13,410
  • Founded: 2006 

Evolution is currently among the leading global B2B online casino services providers. The company offers innovative software solutions and has a growing portfolio of partners. In 2021, Evolution launched its third US Live Casino studio in Michigan and acquired Digiwheel. Again in 2021, the company celebrated its 15th anniversary.

As of 2022, the company has active partnerships with leading brands and companies such as William Hill, Entain, DraftKings, 888casino, and LeoVegas among others.

4. Catena Media

  • Revenue: €136.1 million
  • Stock ticker: CTM (NASDAQ)
  • Headquarters: Quantum Place, Triq ix-Xatt, Ta’ Xbiex, Gzira
  • Number of employees: 455 
  • Founded: 2012 

Catena Media is one of the most successful and respected marketing and affiliate companies in the online gambling space. While the business posts revenues of around €100 million yearly. In 2020, its revenue was €106.0 million, while in 2021, it increased to €136.1m. Currently, the company remains at the forefront of promoting gambling products in a safe, responsible, and value-added way.

5. Better Collective 

  • Revenue: €177.1 million
  • Stock ticker: BETCO (STO)
  • Headquarters: Denmark
  • Number of employees: 750
  • Founded: 2004

Better Collective is a media within the iGaming and sports betting space that has developed numerous platforms dedicated to the education of consumers with regard to responsible gambling and safe gambling options.

The company posted an all-time high revenue growth in 2020, hitting €91.1 million, up 35% year-over-year. Then, in 2021, the company’s revenue soared even further, hitting €177,1 million.

Better Collective has been in business since 2004, and the company operates out of 16 offices presently. Some of Better Collective’s core messages include sustainability and responsible gambling, as well as tackling gambling addiction. The company produces value-added and fact-driven materials that educate people on various aspects of the gambling experience.

6. Las Vegas Sands 

  • Revenue: $4.23 billion
  • Stock ticker: LVS (NYSE)
  • Headquarters: Las Vegas, Nevada, United States
  • Number of employees: 44,700
  • Founded: 1988 

Las Vegas Sands was founded in 1988 by the late casino mogul Sheldon Adelson. An early-day gambling visionary, Adelson believed that conventions could drive interest in gambling, and he realized a series of ambitious mega-projects leading to Las Vegas Sands’s hegemony not just in the Las Vegas Strip but also in Macau.

Las Vegas Sands divested from Las Vegas as the pandemic has made it take a broader look at gambling. Revenue dipped by $10 billion to $2.94 billion in 2020, impacted by shutdowns. Nevertheless, Las Vegas supported its employees through the nadir of the pandemic, refusing to cut jobs or stop paying contributions. In 2021, the company’s revenue increased by 44% year over year to $4.23 billion.

7. Bet365

  • Revenue: £2.81 billion 
  • Stock ticker: n/a
  • Headquarters: North Staffordshire, United Kingdom
  • Number of employees: 6000+
  • Founded: 2000

Bet365 is one of the most successful privately-held betting firms and its boss, Denise Coates, is probably the best-paid female executive in the United Kingdom and very much the rest of the world.

Fiscal 2020/2021 ended with £2.81 billion in revenue, marking a slight increase from its 2019-2020 result. In 2022, Coates received a hefty remuneration worth £250 million, a decrease of more than a third due to the impact of the global pandemic. For comparison, in 2021, Bet365’s boss earned £469 million.

Coates’ remuneration has made headlines many times throughout the years, subject to divisive opinions. Ultimately, bet365 is a successful sports betting business that treats its employees well and contributes gigantic amounts to His Majesty’s Revenue and Customs.

8. Kindred Group

  • Revenue: £1.26 billion
  • Stock ticker: KNDSBD (NASDAQ)
  • Headquarters: Valetta, Malta
  • Number of employees: 2000+
  • Founded: 1997

Kindred Group is one of the biggest gambling operators in the world. Presently, the group owns nine gambling brands, chief among them Unibet and 32Red, which have garnered steadfast interest in some of the biggest gambling markets, including the United States and the United Kingdom.

Kindred’s results have grown during the 2020 pandemic, giving the company a strong push for the next years and helping it continue to scale up its products through a commitment to emerging markets and upholding regulatory standards, as well as protecting player well-being.

In 2021, the company’s revenue hit £1.26 billion, marking an increase from pandemic-impacted 2020 when the revenue halted at £1.13 billion. Kindred Group is traded on the Stockholm Stock Exchange NASDAQ, and it has a clear-cut commitment to transparency and responsible gambling.

9. Entain

  • Revenue: €3.83 billion
  • Stock ticker: ENT (LSE)
  • Headquarters: Douglas, Isle of Man
  • Number of employees: 24,000+
  • Founded: 2004 (as GVC Holdings)

Entain rebranded from GVC Holdings in 2020, opening a new chapter of its story and one focused entirely on sustainability and regulated markets. The company is one of the most substantial FSTE100 gaming firms out there, launching into a number of new markets and seeking to uphold sustainability from the start.

The Entain rebranding came as a result of GVC Holdings’ issues and speculation around a probe looking into potential links with Wirecard. Entain has done well ever since. The company is putting sustainability and player well-being first, and even though it had to see CEO Shay Segev leave early after the rebranding, the company has been able to bounce back by appointing Jette Nygaard-Andersen.

The company’s performance in 2020 remained strong, bolstered by online gaming and Entain’s numerous ventures in the United States, including its participation in BetMGM, now a leading sports betting platform in the country. In 2021, the company’s revenue increased by 8% when compared to 2020, hitting £3.83 billion.

10. Scientific Games

  • Revenue: $2.73 billion 
  • Stock ticker: SGMS (NASDAQ)
  • Headquarters: Las Vegas, Nevada, United States
  • Number of employees: 10,000+
  • Founded: 1973

Scientific Games is one of the oldest gaming companies in the United States and a global leader in providing companies with distinct products that appeal to all types of players. The company began as a manufacturer of pari-mutuel wagering and totalizator systems, but it quickly adapted to the digital age, bringing its OpenGaming content aggregation platform onboard and providing numerous opportunities to businesses and consumers.

Scientific Games has been expanding its employee base and posting strong results year after year. The pandemic did bite into its retail segment, but Scientific had begun transitioning onto more digital gaming options, making it resilient and flexible even in the face of big upheavals such as prolonged lockdowns.

Fourth-quarter results suffered in 2020 because of the pandemic, but the company has been marching on with a string of new partnerships. During pandemic impacted 2020, the company’s revenue decreased to $2.72 billion, while in 2021 it increased slightly to $2.73 billion.

11. 888 Holdings

  • Revenue: $980.1 million 
  • Stock ticker: LON:888 (LSE)
  • Headquarters: Gibraltar
  • Number of employees: 1,350
  • Founded: 1997 

888 Holdings is one of the most significant gambling companies in the world and one of the first to run its own full-house products, from technological solutions to game development to dedicated gaming websites. The 888 brands are known for their sports betting solutions, online casino, and poker card room.

The company marked a strong growth in 2020, but net profit sank. Nevertheless, 888 Holdings CEO Itai Pazner offered an optimistic outlook for the company, with the company’s expenses related to expansion in emerging markets.

888 Holdings has continued to sponsor various events and organizations in 2021, including Shamrock Rovers FC and the Portuguese Grand Prix. The company reaffirmed its partnership with Caesars Interactive Entertainment and the World Series of Poker and will remain the title sponsor for the event through 2026. In 2021, 888 Holdings reported a record $980.1 million in revenue.

12. IGT 

  • Revenue: $4.1 billion
  • Stock ticker: IGT (NYSE)
  • Headquarters: London, United Kingdom
  • Number of employees: 10,500
  • Founded: 1990

IGT or International Game Technology is one of the premier manufacturers of slot machines for physical and online businesses. The company has a sizable footprint and is considered one of the forefathers of online slots.

The company was known as Gtech S.p.A. and Lottomatica S.p.A before finally acquiring IGT in 2015 and assuming the name of the new business, it has added to the family. Full revenue in 2020 reached $3.1 billion, suffering dips because of the pandemic. Then, in 2021, revenue increased by 31% to $4.1 billion.

IGT continues to strike numerous partnerships across global markets, and it has been intensifying its presence in the United States’ interactive wagering and iGaming industries.

13. Tabcorp

  • Revenue: AU$5.69 billion
  • Stock ticker: TAH (ASX)
  • Headquarters: Melbourne, Australia
  • Number of employees: 3,000+
  • Founded: 1994

Tabcorp is Australia’s largest gambling firm. It has numerous operations across various sectors, including sports gambling, lotteries, casino gaming, keno, and media. The company’s media and wagering division was subject to numerous buyout bids by various companies, including rival Entain.

The share of the regulated sports betting market in Australia is rather small, incentivizing companies to try and buy assets that are already licensed and regulated. Tabcorp’s most recent revenue report showed AU$5.69 billion in 2021.

Tabcorp was impacted by the pandemic, forcing it to consider divesting some of its assets and thus attracting interest from numerous overseas investors looking to gain entry into Australia.

14. Genting Group

  • Revenue: $2.85 billion
  • Stock ticker: GENTING (KLSE)
  • Headquarters: Kuala Lumpur, Malaysia
  • Number of employees: 62,000
  • Founded: 1965

Genting Group is one of the largest global gambling companies focusing exclusively on establishing a physical presence across Asia and the rest of the world. The company’s properties across the world including Malaysia, United Kingdom, Hong Kong, Singapore, Philippines, USA, Korea, China, and Macau, have all been impacted by a global lockdown that has reduced tourism and almost nearly suspended travel.

During the pandemic-impacted 2020, Genting reported a 47% decrease in revenue to RM11,564.1 million ($2.45 billion). Then, in 2021 with the relaxation of the measures and normalization of gambling activities, the company’s revenue hit RM13,529.5 million ($2.85 billion), up 17% when compared to 2020.

15. Wynn Resorts

  • Revenue: $3.76 billion
  • Stock ticker: WYNN (NASDAQ)
  • Headquarters: Las Vegas, Nevada, United States
  • Number of employees: 26,950
  • Founded: 2002

Wynn Resorts is one of the newest but also one of the most significant gambling companies in the world with global operations and a strong domestic presence in the United States. Wynn operates dedicated state-of-the-art venues in Las Vegas with Wynn Las Vegas and Encore Las Vegas, along with the Encore Boston Harbor in Massachusetts, and Encore at Wynn Macau and Wynn Palace in Macau.

Founded in 2002 by casino mogul Steve Wynn, the company has been expanding rapidly across the world. In 2019, Wynn was in talks with Crown Resorts, offering to purchase the company for $7.1 billion, but the deal eventually collapsed. Wynn is actively pushing in the iGaming and interactive gambling space through its dedicated WynnBET brand.

16. MGM Resorts

  • Revenue: $9.68 billion 
  • Stock ticker: MGM (NYSE) 
  • Headquarters: Las Vegas, Nevada, United States
  • Number of employees: 83,000
  • Founded: 1986

MGM Resorts is one of the veteran brick-and-mortar gambling companies in the world. Established in the United States and operating since 1986, MGM Resorts has amassed an impressive number of employees, with some 83,000 people working for it today.

The company is associated with some of the most iconic physical casino properties, including MGM Grand Garden Arena, Mandalay Bay, Luxor, Excalibur, and Bellagio. Even though MGM started as a physical company, it has ventured into the online gambling space, specifically through a joint venture with Entain, Roar Digital.

Roar Digital operates one of the largest sports betting and gaming brands in the country, BetMGM. Currently, the leading brand has entered multiple US jurisdictions and continues to expand its presence

17. Score Media and Gaming Inc. (Owned by PENN Entertainment)

  • Revenue: n/a
  • Stock ticker: SCR (TSE)
  • Headquarters: Toronto, Canada
  • Number of employees: 201-500
  • Founded: 2012

Established in 2012, Score Media and Gaming Inc. focuses heavily on online gaming and sports betting. The company is a publicly traded entity on the Toronto Stock Exchange, and it runs numerous gaming brands, including theScore Sports, theScore Bet, and theScore Esports.

The company is firmly embedded in the North American market and has been riding the wave of sports betting legalization, securing one access market deal after another. TheScore touts 4.3 million users worldwide, with the bulk in the United States, where 62% of the company’s player base is located.

UPDATE: Score Media and Gaming Inc. was acquired by PENN Entertainment in October 2021 (then Penn National Gaming) in a $2 billion cash and stocks purchase.

18. Penn National Gaming

  • Revenue: $5.9 billion 
  • Stock ticker: PENN (NASDAQ)
  • Headquarters: Wyomissing, Pennsylvania, United States
  • Number of employees: 18,321
  • Founded: 1972

If the name Penn National Gaming sounds familiar, you have heard about it because of the size of the company’s operations in the United States. Founded in 1972, Penn owns 43 properties in the country and Canada. Most prominent among its brands is Hollywood Casino, but the company is also heavily involved with Barstool Sports, which has been making headlines in the sports betting space.

The company started by building racehorse tracks and banking on new-found opportunities for thoroughbred horse racing and pari-mutuel betting. In August 2022, Penn National Gaming rebranded to PENN Entertainment. The company has grown beyond its origins and today it operates as an online gaming company on top of its well-established footprint of gaming properties across the country.

19. DraftKings  

  • Revenue: $1.3 billion
  • Stock ticker: DKNG (NASDAQ)
  • Headquarters: Boston, Massachusetts, United Status 
  • Number of employees: 3,400
  • Founded: 2012 

DraftKings is one of the first companies to operate in the United States and North America and offer a comprehensive daily fantasy sports (DFS) product. Benefitting from local regulations, DraftKings has been quick to establish a footprint in nearly every state in the country, bringing a familiar and intuitive sports betting product.

DFS was an easy sell, though, and the true challenge came only later when sports betting got approval to launch. Following the legalization of sports wagering on a state level and the defeat of PASPA, DraftKings has been actively involved in several states now as a sports betting operator, including NJ, PA, IL, WV, IN, CO, IA, MI, TN, VA.

The company has one of the largest footprints in the United States, and it offers DFS, sports betting, and casino products. Without any doubt, DraftKings is currently at the helm of regulated sports betting while the activity continues to expand to more US states.

20. Boyd Gaming 

  • Revenue: $3.4 billion
  • Stock ticker: BYD (NYSE) 
  • Headquarters: Las Vegas, Nevada, United States 
  • Number of employees: 15,114
  • Founded: 1975

Boyd Gaming has a well-established footprint in the gaming industry, founded in 1975 alongside other landmark gambling firms. Since then, Boyd Gaming has embraced change and innovation on every level, generating $4.68 billion as per the company’s latest report.

Boyd is now involved with numerous brick-and-mortar properties as well as online gambling and sports betting. In 2018, the firm announced a partnership with MGM Resorts in a bid to increase both companies’ footprints and give them a good shot at claiming a bigger swathe of the available market.

The company currently owns more than two dozen casino and racino properties dedicated to gaming and sports betting as per the available state legislature.

After finishing her master's in publishing and writing, Melanie began her career as an online editor for a large gaming blog and has now transitioned over towards the iGaming industry. She helps to ensure that our news pieces are written to the highest standard possible under the guidance of senior management.

1 Comment

  • Mikheil
    July 28, 2021 at 9:11 am

    To be specific, Flutter Entertainment belongs in #1 position, as its market cap is $30billions+, in comparison with Ceasar’s $19billion +. Flutter leads in revenue as well!

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