Leading Casino Companies by Revenue 2022

Any casino company is in business to try and make a profit each year. Some companies are very good at this, while others don't achieve the same sort of success. There are those that have gone on to become dominant players in the industry. These companies make vast amounts of revenue on an annual basis. In this guide, we will look at the top casino companies by revenue for 2022. Many of them operate as international casinos, serving people across the globe.

Entain Plc – Trailing 12 Month Revenue: $5 Billion

The Entain brand is one of the most-known companies in the gambling world. The British brand provides online casino sites, sports betting, poker, bingo and more. Entain has its headquarters in London, and one of its official licences comes from the UKGC.

In the third quarter of 2022, the firm reported a 90% growth in revenue via its BetMGM platform. That operates as a joint venture between Entain and MGM. It exists as one of the world's biggest casinos online. So big, in fact, that it holds a 23% market share in various key regions. MGM also has plans in its pipeline to take over the Entain brand in full. It had an earlier deal rejected, but 2023 could be the year it moves forward with such.

PENN Entertainment, Inc. – Trailing 12-Month Revenue: $6.4 Billion

Many people in the USA will have played at an online casino owned by PENN Entertainment. It has its firm headquartered in Wyoming, Pennsylvania. From there, it provides some of the best US online casinos and gaming sites.

Results for the third quarter of 2022 were quite modest. Revenue grew by 7.5%, and net income increased by 7.6%. Yet PENN Entertainment is a well-equipped brand. Any type of bad recession isn't likely to affect it as 85% of its debt will not mature until 2026.

There is a bit of an issue for the company, which is affecting many gambling brands today. Online gaming is blossoming, but physical venues aren't doing as well. Time will tell what PENN Entertainment chooses to do on this front. Yet by the end of the third quarter of 2022, figures were looking good. Out of the 920 hedge funds polled by Insider Monkey, 30 had invested in the company. The largest of these is Parag Vora's HG Vora Capital Management. This hedge fund owns 7.5 million shares worth $206 million.

Flutter Entertainment – Trailing 12-Month Revenue: $7.66 Billion

Flutter is an Irish company that operates many online sites. Sportsbooks and online bingo and poker are common options from the brand. Yet it also offers a series of casino platforms and sections alongside. It has its headquarters in Dublin, Ireland. Its operations go far beyond its home country and even across the seas, though.

In fact, it owns some very popular online betting sites in the United States. One of them is the FanDuel site, which has various gambling services for bettors. This includes online sports betting and casino gaming. It's the second most popular sportsbook across the USA. FoxBet is another one, which isn't too far behind FanDuel in its level of popularity. When it comes to market capitalisation, Flutter is, without a doubt, one of the biggest companies.

Caesars Entertainment, Inc. – Trailing 12-Month Revenue: $10.59 Billion

There is very little that this company doesn't operate. Casinos. Nightclubs. Hotels. Bars. Sportsbooks. It's a very diverse brand which has its headquarters in Reno, Nevada. That says a lot about it, considering Nevada is the gambling capital of the USA.

The third quarter earnings of Caesars Entertainment saw an annual growth of 7.8%. That beat out analyst estimates by one percent, bringing a new level of interest in its shares. As a result, those soared by around 6%. What's more, in November of 2022, the sportsbook from the company made an announcement. This dictated that it is accepting bets from the state of Maryland, paving the way for even more revenue.

There is a total of 56 hedge funds investing in Caesars Entertainment as part of their Q3 2022 investments. HG Vora Capital Management serves as the largest of these. It owns six million shares, totalling $193 million altogether.

MGM Resorts International – Trailing 12-Month Revenue: $12.55 Billion

Another American firm, MGM Resorts, operates hotels, casinos, resorts and so on. Again, it has its headquarters in Nevada, but this one bases itself out of Las Vegas. It possesses reliable and safe online casinos as well as top land-based venues.

Following a difficult couple of years due to COVID-19, MGM is showing positive signs. Revenue for the first three quarters of 2022 stood at $9.5 billion. That's a vast $3 billion increase on an annual basis. The firm's BetMGM platform is also on track to make $1.4 billion in annualised revenue. That's a massive 10% of the U.S. iGaming industry total market.

Also, 53 hedge funds have bought MGM Resorts International shares for the September quarter. The largest one of these is Corvex Capital, owned by Keith Meister. That hedge fund owns 6.6 million shares in the brand, worth $198 million.