5 Biggest Gambling Companies By Revenue

In this piece, we will take a look at the five biggest gambling companies by revenue. For more companies, head on over to 13 Biggest Gambling Companies By Revenue.

5. Entain Plc (LON:ENT.L)

Trailing Twelve Month (TTM) Revenue: $5 billion

Entain Plc (LON:ENT.L) is a British company that provides online casino, sports betting, poker, bingo, multi channel betting, and race books through several platforms. It is headquartered in London, the United Kingdom.

Entain Plc (LON:ENT.L)’s third quarter saw the firm report a whopping 90% revenue growth for its BetMGM platform which is a joint venture with MGM. BetMGM is also one of the largest online betting platforms in the world, with a 23% market share in key regions. What’s more is that MGM is still interested in acquiring Entain Plc (LON:ENT.L), after an earlier deal was rejected.

4. PENN Entertainment, Inc. (NASDAQ:PENN)

Trailing Twelve Month (TTM) Revenue: $6.4 billion

PENN Entertainment, Inc. (NASDAQ:PENN) is an American company that operates casinos and online gaming platforms. The firm is headquartered in Wyomissing, Pennsylvania.

PENN Entertainment, Inc. (NASDAQ:PENN) reported modest third fiscal quarter results, as it grew revenue by 7.5% and net income by 7.6%. The firm is also well equipped to weather a potential recessionary storm, as 85% of its debt will not mature until 2026. PENN Entertainment, Inc. (NASDAQ:PENN) is facing a mixed market performance, as while its online revenues are growing, those from physical properties are dropping.

By the end of the third quarter of this year, 30 out of the 920 hedge funds polled by Insider Monkey had invested in PENN Entertainment, Inc. (NASDAQ:PENN).

PENN Entertainment, Inc. (NASDAQ:PENN)’s largest investor is Parag Vora’s HG Vora Capital Management which owns 7.5 million shares that are worth $206 million.

3. Flutter Entertainment plc (LON:FLTR.L)

Trailing Twelve Month (TTM) Revenue: $7.66 billion

Flutter Entertainment plc (LON:FLTR.L) is an Irish company that offers sportsbooks, fixed odds games, and online bingo, poker, and rummy, among others. It is headquartered in Dublin, Ireland.

Flutter Entertainment plc (LON:FLTR.L) owns some of the most popular online betting platforms in the U.S. Out of these, FanDuel platform is the second most popular sports betting platform in the U.S., while the firm’s FoxBet sits at a respectable number four. Flutter Entertainment plc (LON:FLTR.L) is also one of the largest casino and gaming companies in the world in terms of market capitalization.

2. Caesars Entertainment, Inc. (NASDAQ:CZR)

Trailing Twelve Month (TTM) Revenue: $10.59 billion

Caesars Entertainment, Inc. (NASDAQ:CZR) is an American company that owns and operates casinos, hotels, bars, and nightclubs. The firm is headquartered in Reno, Nevada.

Caesars Entertainment, Inc. (NASDAQ:CZR)’s third quarter earnings saw the firm post 7.8% annual growth and beat analyst EPS estimates by one cent. This injected fresh momentum into its share price, with the shares soaring by more than six percent. Caesars Entertainment, Inc. (NASDAQ:CZR) also announced in November 2022 that its Sportsbook application is accepting bets in the U.S. state of Maryland.

56 out of the 920 hedge funds polled by Insider Monkey for their Q3 2022 investments had bought Caesars Entertainment, Inc. (NASDAQ:CZR)’s shares.

Caesars Entertainment, Inc. (NASDAQ:CZR)’s largest investor is Parag Vora’s HG Vora Capital Management which owns six million shares that are worth $193 million.

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.

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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