5 Biggest Gambling Companies By Revenue

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1. MGM Resorts International (NYSE:MGM)

Trailing Twelve Month (TTM) Revenue: $12.55 billion

MGM Resorts International (NYSE:MGM) is an American firm with hotels, casinos, and resorts under its wing. The company is headquartered in Las Vegas, Nevada.

MGM Resorts International (NYSE:MGM) is on a strong track to recovery, with its revenue for the first three quarters of this year standing at $9.5 billion and marking a whopping $3 billion annual growth. Additionally, the firm’s BetMGM platform is on track for $1.4 billion in annualized revenue, which stands to represent 10% of the U.S. iGaming industry’s total addressable market of $1.5 billion.

Insider Monkey surveyed 920 hedge funds for their September quarter of 2022 investments to discover that 53 had bought MGM Resorts International (NYSE:MGM)’s shares.

MGM Resorts International (NYSE:MGM)’s largest hedge fund investor in our database is Keith Meister’s Corvex Capital which owns 6.6 million shares that are worth $198 million.

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Disclosure: None. You can also take a look at 15 Largest Airlines in the World and 15 Best Consistent Dividend Stocks to Buy

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