Largest Publicly Traded Casino Companies

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  3. Publicly Traded Companies 2019
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  6. 100 Largest Publicly Traded Companies
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The casino gaming industry is constantly in a state of influx because of untapped markets and rapidly changing technology.

Potential goldmines like Japan and Brazil offer opportunities for major land based casinos to continue growing. And virtual reality gives the online gaming world a new dimension.

You can be sure that publicly traded casino companies will try to take advantage of upcoming technology and/or new markets.

That said, let’s look at 7 public casino companies that are eyeing major growth over the coming years.

Top Casino Stocks for 2017 The big gaming companies recovered nicely in 2016, and if a Macau turnaround continues, 2017 could be another good year for a couple of stocks. The deal makes The Stars Group the largest publicly quoted online gaming company in the world. Rafi Ashkenazi, The Stars Group chief executive, was clearly triumphant in the announcement: “This transaction creates the world’s largest publicly listed online gaming company and unites two iconic.

1. Las Vegas Sands Corp.

Las Vegas Sands is the world’s largest casino company with over $14 billion in annual revenue.

This makes it seem like they don’t have much room for growth. And Sands has recently struggled because their Macau properties were stuck in the middle of a casino recession.

But the Sands Corp. is poised to take off in the future for two major reasons:

1. Macau’s gaming market is on the rebound.

2. Sands never stops looking for new areas to expand to.

View across the valleyMonte Cassino became a model for future developments. Milky lane monte casino trading hours. The former territory of the Abbey, except the land on which the abbey church and monastery sit, was transferred to the. Its prominent site has always made it an object of strategic importance.

Beginning with the first factor, Macau started their downturn in 2014. This is the point when the Chinese government began cracking down on money laundering and government corruption.

Many Asian high rollers were targeted during the money laundering investigations. Eventually, Chinese high rollers stopped pouring into Macau over fears that they’d be hassled.

The good news, though, is that the anti corruption campaign is slowing and Macau casinos are rebounding. This works for Las Vegas Sands, which owns the following casinos in the special administrative Chinese area:

  • Sands Cotai Central
  • Sands Macao
  • The Parisian
  • The Venetian Macao

The Sands Corp easily survived the Macau recession because they’re so focused on diversification. They have properties in Las Vegas, Macau, Singapore, and the American East Coast.

And they’re looking to expand their reach to both Japan and Brazil in the future.

Japan is the most realistic venture because the country legalized casino gambling at the end of last year. Las Vegas Sands has pledged to build a resort worth up to $10 billion.

Japan has 127 million residents and the world’s third largest economy. This is why many see the Land of the Rising Sun as the world’s next big casino market.

Sands is also looking into Brazil as a potential casino destination.

The only problem is that Brazil is years away from legalizing casinos. But this is still a country worth lobbying in because they have 207.7 million people.

2. MGM Resorts International

MGM is the biggest rival to Las Vegas Sands because they earn $9.5 billion per year and have properties in both America and Asia.

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MGM is especially dominant on the Las Vegas Strip, where they own everything from casinos to arenas. Here’s a look at their Vegas Strip properties:

  • Adventuredome
  • Aria Resort & Casino
  • Bellagio
  • Circus Circus Las Vegas
  • CityCenter (jointly owned with Dubai World)
  • Delano Las Vegas
  • Excalibur
  • Luxor
  • Mandarin Oriental
  • Mandalay Bay
  • Mandalay Bay Convention Center
  • Mandalay Bay Events Center
  • MGM Grand Las Vegas
  • MGM Grand Garden Arena
  • Monte Carlo
  • New York New York
  • Skylofts at MGM Grand
  • Slots A Fun Casino
  • The Mansion at MGM Grand
  • The Signature at MGM Grand (jointly owned with Turnberry Associates)
  • The Mirage
  • T Mobile Arena (jointly owned with AEG)
  • Vdara
  • Veer Towers

Casino gaming isn’t booming on the Vegas Strip, but entertainment and other ventures are. This is why MGM is poised for success with venues like their new T Mobile Arena, which hosts concerts and conventions.

The company has done well at expanding across the US. They own casinos in Atlantic City (Borgata), Biloxi (Beau Rivage), Detroit (MGM Grand), Maryland (MGM National Harbor), and Massachusetts (MGM Springfield).

Where MGM looks to really gain the most growth is their Macau properties. They own Grand Macau and will soon open Casino Cotai.

As covered before, the Macau casino market is on the upswing. And this means that MGM could earn some major profits in the coming years.

MGM is also under consideration for a Japanese casino license, which would be very lucrative.

3. Amaya Inc.

The online gaming company Amaya made waves in 2014 when they purchased PokerStars for $4.9 billion.

The Canadian business didn’t immediately capitalize on their investment because online poker’s popularity has been steadily decreasing over the years.

It also didn’t help that former CEO David Baazov stepped down after he was indicted on insider trading allegations.

Amaya weathered the storm, though, and have been diversifying their assets over the past few years.

The company is focused on building their casino and sportsbook products while keeping internet poker steady. The plan is working too because their casino and sportsbook now account for over 25% of their revenue.

The entire reason why Amaya purchased PokerStars for such an outrageous price is that they saw value in the customer base. The company’s number of registered users has grown to over 108 million.

It appears that Amaya’s strategy of offering more than just poker is paying off. And they’re also in the midst of changing their image too.

The company will soon change its name to the Stars Group and move their headquarters from Montreal to Toronto. This should help in distancing them from Baazov’s insider trading scandal.

4. Wynn Resorts

Wynn Resorts has done a fine job of creating a luxury casino resort brand that spans from Las Vegas to Macau.

But Wynn has also struggled too because of their Macau properties. They own the Wynn Macau Resort, Wynn Palace, and Encore at Wynn Palace – none of which were immune to the Macau recession.

But like the Sands Corp. and MGM, Wynn should rebound nicely along with the Asian gaming destination’s economy.

Another move that will help the company experience more growth is their upcoming property in Massachusetts. Wynn is currently building Wynn Boston Harbor just outside downtown Boston.

The $2.4 billion venue will feature 629 hotel rooms, restaurants, retail outlets, convention space, and a spa.

Wynn hasn’t forgotten about their Las Vegas roots either.

CEO Steve Wynn announced that he’s overhauling the Wynn Las Vegas by 2020. The renovations will include more nongambling activities along with a clear water lagoon.

5. Net Entertainment (a.k.a. NetEnt)

Net Entertainment has been running internet casinos and supplying online software since the mid-1990s.

This makes them one of the oldest companies in online gaming. And they don’t show any signs of slowing down in the near future either.

NetEnt has produced a number of top online slots hits over the years. Here are some of their most popular games:

  • Aliens
  • Arabian Nights
  • Blood Suckers
  • Blood Suckers II
  • Dead or Alive
  • Drive: Multiplier Mayhem
  • Gonzo’s Quest
  • Guns N’ Roses
  • Hall of Gods
  • Jack Hammer
  • Jack Hammer 2
  • Mega Fortune
  • Mega Joker
  • Starburst
  • Wild Wild West: The Great Train Heist

Net Entertainment has also done a great job of entering the live dealer gaming space. They now feature different variations of live blackjack and roulette games.

What makes NetEnt stand out among other online gaming providers is their attention to detail and quality.

They’re also quite good at adapting to industry trends.

This is why we see Net Entertainment continuing to lead the internet gaming world for years to come.

6. Genting Group

No casino company is more international than the Genting Group.

The Malaysian business has properties in China, Hong Kong, Singapore, the Caribbean, the UK, and the US. Here are some of their notable establishments:

  • Resorts World Manilla
  • Resorts World New York
  • Resorts World Sentosa (Singapore)
  • Crockford’s Club (London)
  • The Colony Club (London)
  • Genting Chinatown Casino (London)

This company has also planned projects in South Korea, Las Vegas, and Miami, Florida.

Based on their experience in navigating international casino waters and continued growth, we expect the Genting Group to continue spreading their brand.

7. Boyd Gaming

Boyd Gaming is different from the other companies on this list because they have a narrower focus. Specifically, Boyd Gaming builds regional casinos in the United States.

They currently feature 22 casinos throughout eight states, including Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Nevada, and New Jersey.

Boyd’s diversification has set them up well to avoid downturns in major casino markets like Las Vegas, Macau, and Singapore.

The company did have one major hiccup in 2006 when they were building a Las Vegas Strip casino. But they were forced to abandon the project and sell the property for $350 million.

In hindsight, this was a good turn of events because Boyd avoided opening a Vegas casino during the American recession (2008 10). Since then, they’ve continued to thrive by serving different regions in the US.

Boyd Gaming also has an internet gaming partnership with California’s Pala Interactive and GVC Holdings (under former bwin.party brand). This puts the business in a good position to take advantage of the US online gaming market when it finally expands.

Conclusion

The casino gaming world is far from reaching its peak. This is why publicly traded companies continue to invest in new properties and lobby governments to legalize gambling.

The question remains which of these companies gain the most from budding casino markets and new technology.

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Las Vegas Sands has proven successful at winning over government officials and earning casino licenses. This includes when they won the right to build the Marina Bay Sands in Singapore over MGM.

Both companies will square off in Japan again with another casino license on the line.

Another thing to watch in the publicly traded gaming world is the development of Amaya.

Publicly Traded Companies 2019

I covered how the internet gaming giant has been diversifying to casino gaming and sports betting. Will they eventually become a giant in the online casino world?

It’ll also be interesting to see how Genting World’s new projects come along because they’re set for expansion in Miami, Vegas, and South Korea. Perhaps they can grow to the level of MGM and Sands Corp if these projects go well.

I’m also interested in any up and coming businesses that could break into the upper echelon. That being said, it’ll be fun to watch these developments in the coming years.

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The Canadian company that owns the world’s largest online poker site is about to become the world’s largest publicly listed online gaming company. The Stars Group Inc., which owns PokerStars and is listed on the Nasdaq and the Toronto Stock Exchange, announced on Saturday it will acquire Sky Betting & Gaming (SBG) from CVC Capital Partners and Sky plc in a cash and stock deal worth $4.7 billion.

Additionally, according to a Stars Group press release, the purchase of the UK-based sports betting and online gaming company will result in The Stars Group becoming the world’s largest publicly traded online gaming company.

In fact, The Stars Group Chief Executive Officer Rafi Ashkenazi said the acquisition represents an historic moment for the company:

“The acquisition of Sky Betting & Gaming is a landmark moment in The Stars Group’s history. SBG operates one of the world’s fastest growing sportsbooks and is one of the United Kingdom’s leading gaming providers. SBG’s premier sports betting product is the ideal complement to our industry-leading poker platform. The ability to offer two low-cost acquisition channels of this magnitude provides The Stars Group with great growth potential and will significantly increase our ability to create winning moments for our customers.”

Enhancing The Stars Group global brand portfolio

Additionally, Ashkenazi went on to say The Stars Group global brand portfolio will be significantly enhanced through this acquisition, positioning the company to realize its vision of becoming the world’s favorite iGaming destination.

SBG currently operates five core online gaming brands, including:

  • Internet sportsbook Sky Bet
  • Online casino Sky Vegas
  • Online casino Sky Casino
  • Internet poker site Sky Poker
  • Online bingo site Sky Bingo

The brands have become some of online gaming’s best-known, thanks to a partnership with Sky, Europe’s top sports broadcaster and media company.

In fact, SBG currently hosts the largest active online gaming player base in the world.

    • $30 Bonus

      With $20 Deposit

    • PokerStars Review

      Overall Grade A

      • Games A
      • Support B
      • Banking A
      • Player Value A

Going global

SBG CEO Richard Flint said the acquisition will help the company go global:

“We are delighted to join forces with The Stars Group. We have had a fantastic last few years and would like to thank CVC and Sky for supporting us in becoming a leading online operator in the UK. This transaction allows us to offer our best-in-class products to a truly global audience. We’re excited about our future together.”

Private equity and investment advisory firm CVC Capital Partners bought an 80 percent stake in SBG for £600 million back in 2015.

Now, CVC Partner Pev Hooper says this deal represents an opportunity for international growth for SBG:

“Richard and his team have done a fantastic job building Sky Betting & Gaming into one of the UK’s largest and fastest growing operators. We have thoroughly enjoyed working closely with the team and our partners at Sky. This combination with The Stars Group opens a new and exciting chapter for SBG to accelerate its international growth, and we look forward to continuing the journey as a shareholder in the combined group.”

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The Stars Group operates online gaming brands including:

  • PokerStars
  • PokerStars Casino
  • BetStars
  • Full Tilt

Additionally, in the US, PokerStars owns and operates a New Jersey online poker and casino site under the Resorts Atlantic City internet gambling license.

Moreover, it owns and operates several popular live poker tournament series around the world, including:

  • European Poker Tour
  • PokerStars Caribbean Adventure
  • Latin American Poker Tour
  • Asia Pacific Poker Tour

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The biggest poker business in the world and growing

In fact, The Stars Group brands collectively form the largest poker business in the world.

Additionally, according to The Stars Group, operational and financial benefits of the SBG acquisition for the company are expected to include:

  • Greater revenue diversification and significantly enhanced exposure to sports betting, the world’s largest and fastest growing online gaming segment
  • Increased presence in regulated markets, particularly in the UK, the world’s largest regulated online gaming market
  • Development of sports betting as a second low-cost customer acquisition channel, complementing The Stars Group’s core poker business and enabling more effective cross-sell to players across multiple verticals
  • Improved products and technology with the addition of SBG’s casino, sportsbook and mobile apps
  • Cost synergies of at least $70 million per year

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SBG takes on 20 percent Stars Group ownership

100 Largest Publicly Traded Companies

Some $3.6 billion of the $4.7 billion total purchase price will be payable in cash. However, the remainder is payable in approximately 37.9 million newly-issued common shares.

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In fact, that means SBG will be taking on an estimated 20 percent ownership interest in The Stars Group.

The Stars Group’s Board of Directors has already unanimously approved the transaction. However, the deal is not likely to close until the third quarter of 2018.