A new study shows that half of the world’s 20 largest gaming companies by market capitalization have either a direct investment in Asia or control of Asian assets.
The rankings, compiled by UK-based Global Betting & Gaming Consultants, include land-based casino operators, online gaming companies operating in legal markets, bookmakers and gaming equipment manufacturers.
Leading the list at US$44.2 billion as of mid-February closing prices was Las Vegas Sands, which operates casinos in Las Vegas, Macau, Singapore and Pennsylvania. Second was Sands China, the company’s Hong Kong-listed Macau subsidiary, at $37.8 billion. Macau operator Galaxy Entertainment Group, also traded on the Hong Kong Stock Exchange, was third at almost $18.2 billion, followed by Genting, which operates casinos in Singapore, in its home country of Malaysia, in the UK and in the New York City borough of Queens.
HKSE-traded Wynn Macau, a subsidiary of Las Vegas-based Wynn Resorts, was sixth in the ranking with a market cap of almost $13.6 billion. Wynn Resorts was seventh at $12.3 billion. Similarly, Macau operator MGM China Holdings, the Hong Kong-listed subsidiary of MGM Resorts International, was 10th at $8.6 billion while Las Vegas-based MGM Resorts International was 12th at $.6.5 billion.
The only other US-based operator in the top 20 was regional casino operator Penn National Gaming, 19th at $3.98 billion.
Only two European companies made the top 20: bookmaker William Hill (15th at $4.4 billion) and online giant Paddy Power, based in Ireland (18th at $4 billion).
Tops among suppliers was US-based slot manufacturer International Game Technology, which finished 16th with a market cap of $4.35 billion.
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