Most Profitable Casinos In The World

What are the most profitable casinos in the world? We take a look at 11 of the most profitable casinos around the globe.

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Casinos are profitable – we don’t need to spell it out, but some are more profitable than others. Let’s take a look at the top 11 most profitable casinos around the world.

11. Crown Resorts, Australia

  • Revenue: $2.05 billion
  • CEO: Helen Coonan (Interim)
  • Stock Ticket: ASX: CWN
  • Number of Employees: 15,600
  • Founded: 2007

Crown Resorts is a hugely successful casino company in Australia, which made headlines this year over dubious business practices and behavior from former CEO, James Packer.

Despite an NSW court ruling against a casino license for Crown Resort’s newest Casino venture in Sydney, they had a very profitable 2020, bringing in $2.05 billion in revenue.

10. Genting, Malaysia

  • Revenue: $2.53 billion
  • CEO: Lim Kok Thay
  • Stock Ticket: N/A
  • Number of Employees: 55,000
  • Founded: 1965

Genting is a group based in Malaysia that operate a number of casinos around the world, with their primary casino resort being Resorts World Genting in Malaysia. What makes Resorts World Genting so special?

Well, it’s located in a particularly mountainous region that spans two states, Pahang and Selangor. It also holds the Guinness World Record for the largest hotel room in the world, and possesses a 4-star rating.

9. Boyd Gaming, USA

  • Revenue: $3.33 billion
  • CEO: Keith E. Smith
  • Stock Ticket: BYD
  • Number of Employees: 25,000
  • Founded: 1975

Have you ever been to Paradise? You might have if you’ve been to a Boyd Gaming property. This Paradise, Nevada-based casino group is family-run, and is currently managed by founder Sam Boyd’s family. Boyd Gaming Operation was founded in 1975 and started to expand in 1979. The Boyd group is known for their ‘clean’ operation, even going so far as working with the FBI to help investigate organized crime influence at casinos.

One of their more notable properties is the Borgata — the casino, hotel, and spa is the largest hotel in the Garden State, with 2,798 rooms. What about the casino? The casino features 4,000 slot machines, around 180 table games and 50 poker tables, and also hosts a number of tournaments sponsored by the World Poker Tour.

Overall, they own 15 properties in Las Vegas, Louisiana, Indiana, Iowa, Michigan, Mississippi, Missouri, New Jersey, and Ohio.

8. SJM Holdings, Hong Kong, China

  • Revenue: $4.26 billion
  • CEO: Shu Fai So
  • Stock Ticket: N/A
  • Number of Employees: N/A
  • Founded: 1962

Surprised SJM Holdings isn’t closer to number 1 on this list? We are too—SJM Holdings was founded by the late Stanley Ho, known to many as the King of Macau, the famous Chinese gambling region.

SJM Holdings’ properties include: Grand Lisboa, Oceanus, Babylon, Ponte 16, Casa Real, Lan Kwai Fong Macau, Jockey Club, L’Arc Macau, Golden Dragon, and Kam Pek Paradise.

7. Penn National Gaming, USA

  • Revenue: $5.3 billion
  • CEO: Jay Snowden
  • Stock Ticket: PENN
  • Number of Employees: 28,300
  • Founded: 1971

43 casinos are nothing to sniff at—Penn National Gaming operates casinos, raceways, and racetrack across the country, plus has a 36% stake in Barstool Sports.

In addition to popular operators and properties across the country like the Kansas Speedway, Greektown Casino, and Orlando Kennel Club, since taking a stake in Barstool, the two companies have partnered together on new initiatives, like introducing online betting apps in a number of states that have recently legalized online wagers.

6. Melco Crown Entertainment, USA

  • Revenue: $5.74 billion
  • CEO: Lawrence Ho Yau Lung
  • Stock Ticket: N/A
  • Number of Employees: UNK
  • Founded: 2004

Melco operates a number of popular casinos across Asia and Europe. They partnered with Crown Limited and created Melco Crown Entertainment Limited to operate casino ventures in Macau — they became the majority shareholder in May 2016, after they had an opportunity to buy Packer’s share.

security guards outside melco crown entertainment casino

Security guards stand outside the Melco Crown Entertainment Ltd.ís $3.2 billion Studio City project in Macau, Tuesday, Oct. 27, 2015. (AP Photo/Kin Cheung)

Currently, they’re building the largest casino-resort in Europe, the City of Dreams Mediterranean in Cyprus.

bar graph of most profitable casino groups

Data via Statista.

5. Wynn Resorts, USA

  • Revenue: $6.61 billion
  • CEO: Matthew Maddox
  • Stock Ticket: WYNN
  • Number of Employees: 30,200
  • Founded: 2002

Wynn Resorts has a history as up-and-down as its founder. In 2018, Steve Wynn stepped down as CEO amid sexual misconduct allegations, and faced losing their state license in Massachusetts after a review by regulators after the misconduct came to light.

Despite the controversy that plagues its founder, Wynn Resorts sees some success that sets itself apart from other profitable casinos on this list.

Wynn Resorts hold the most FTG Five-Star Awards of any independent hotel company, and is the only resort with 8 awards to their name. They were the only gaming operator that didn’t have to resort to mass layoffs during the 2008 recession, and similarly, in 2019 was the only casino to get certification as a “Great Workplace’ by Great Place to Work.

It’s also worth noting that the Wynn Palace, in gambling-capital Macau, boasts the title of largest casino.

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4. Galaxy Entertainment Group, Hong Kong, China

  • Revenue: $6.66 billion
  • CEO: Francis Lui
  • Stock Ticket: HKD
  • Number of Employees: 22,000
  • Founded: 1988

The only casino group on this list to start as a construction company (yes, you read that right), and was the only casino based in Hong Kong to hold a casino license in Macau after acquiring a 97.9% stake in the Galaxy Casino.

Galaxy can be best described as a steady business—the group still has holdings in construction materials (despite moving from that as its main business focus), and corporate and treasury management which allowed their earnings to remain fairly consistent during the pandemic in 2020.

3. Caesar’s Entertainment, USA

  • Revenue: $8.74 billion
  • CEO: Anthony P. Rodio
  • Stock Ticket: CZR
  • Number of Employees: 64,000
  • Founded: 1937

The name Caesar’s is almost as synonymous with casinos as it is with ancient Rome. Caesar’s Entertainment Group operates popular gaming brands Harrah’s, WSOP, and Horseshoe, Caesars and Paris. They totaled about $8.7billion in sales this fiscal year, $25.8billion in assets and $303 million in profits.

2. MGM Resorts, USA

  • Revenue: $12.9 billion
  • CEO: William Hornbuckle
  • Stock Ticket: MGM
  • Number of Employees: 70,000
  • Founded: 1986

One of the most profitable Las Vegas Casinos, if you love to visit luxurious, amenity-filled casinos, you’ve likely been to an MGM Casino. They operate a number of properties on the Vegas strip, and casinos including the Bellagio, Aria Resort & Casino, Mandalay Bay, MGM Grand Las Vegas, and The Mirage (to name just a few).

MGM Grand hotel and casino in Las Vegas with signage and golden lion

The MGM Grand hotel and casino in Las Vegas. (AP Photo/John Locher, File)

Despite dodging controversies over the years, including a tempestuous business venture in Dubai, and questionable lawsuits following the 2017 mass shooting in Vegas, MGM is consistently recognized for their commitment to diversity.

They’ve won awards for the Best Places to Work for LGBT Equality, 40 Best Companies for Diversity, and the Top 10 Regional Companies from Diversity Inc., and has also earned endorsement from Fortune as one of the ‘World’s Most Admired Companies.’

1. Las Vegas Sands, USA

  • Revenue: $13.74 billion
  • CEO: Robert Goldstein
  • Stock Ticket: LVS
  • Number of Employees: 50,000
  • Founded: 1989

What’s the most profitable casino in Vegas on our list? Although Las Vegas Sands said goodbye to their longtime CEO, Sheldon Adelson earlier this year, he left behind an extremely lucrative casino business — the most profitable, in fact.

Another interesting tidbit, Las Vegas Sands is the only group in our ‘most profitable casino’ list to have a fleet of private aircrafts (although MGM tried and failed to deliver a similar, albeit different airline) dedicated to ferrying Las Vegas Sands’ high-rollers, VIP guests, and more.

Ever been to a casino and convention center hybrid? You can thank Sheldon Adelson for that—Now the norm in the casino industry, Adelson revolutionized the industry when he had the idea to first combine a convention center and casino business model.

In addition to this, when he opened the Sands Expo and Convention Centre in 1988, it was the only privately owned & operated convention center in the United States. How’s that for a trailblazer?

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Joseph Ellison

Joseph is a dedicated journalist and horse racing fanatic who has been writing about sports and casinos for over a decade. He has worked with some of the UK's top bookmakers and provides Premier League soccer tips on a regular basis. You'll likely find him watching horse racing or rugby when he isn't writing about sport.

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