In recent years gambling, and especially online gambling, have taken off drastically. This has led to the rise of industry giants amongst the different gambling companies. In Finland, you are likely to hear the name Veikkaus often, as they are the leading gambling agent within the country.
Online gambling is a favourite among many Finns, with the regulations in place and the exclusive rights that Veikkaus has, Finnish gamblers are assured of their security when enjoying these games. There’s a wide range of companies for them to choose between, even browsing those at casinot netissä will show the vast variety on offer.
With the help of our expert, Maunu Seppinen, we have put together a list of some of the largest gambling companies in the world. Maunu has many years of igaming and casino experience behind him, making him the ideal candidate for today’s expert opinion
Who Are the Five Largest Gambling Companies?
The gambling industry is a multi-million dollar industry, with the largest gambling companies raking in millions, sometimes even billions, in revenue each year. Let’s look at the five top gambling companies and why they have earned their spot on this list.
Revenue: £599 million
Primary Office: Gibraltar
Online bettors undoubtedly recognise this name from among the giants in the industry. 888 Holdings is also one of the first companies to run their own full-house products, from technological solutions through game development and even dedicated gaming websites.
According to the expert Maunu Seppinen, 888 Holdings is most well known for its sports betting, online casinos, and poker card rooms. This year they are continuing to sponsor the Shamrocks Rovers FC and the Portuguese Grand Prix. They are also partnered with Caesars Interactive Entertainment and the World Series of Poker and will remain the event’s title sponsor through 2026.
The future of 888 Holdings looks bright as they continue to build relationships and partnerships within the field to support their expansion and growth.
Revenue: £751 million
Primary Office: Malta
The Kindred Group is one of the largest gambling companies in the world. They currently own nine gambling brands, some of which are extremely popular. Among these are the well-known Unibet and 32Red.
Unlike many companies that showed a decline in revenue due to the COVID-19 pandemic, the Kindred Group increased revenue during this trying period. This alone is a testament to the company and a contributing factor to their inclusion in this list. This growth also enables the company to scale up its products and services.
The Kindred Group shows a dedication to upholding regulatory standards and players’ well-being through their commitment to transparency in their products and dedication to responsible gambling.
Revenue: £4.39 billion
Primary Office: Ireland
Flutter Entertainment is a sector leader in the gambling industry’s online and retail sectors. They also recently finalized a merger with The Stars Group, which led to a spike in revenue for 2020, despite the pandemic.
Flutter Entertainment owns a few of the most popular brands in the industry. Famous names include, among others, Bet Easy, BetFair, PokerStars, SkyBet, as well as one of the Finnish favourites, Paddy Power.
Revenue: £2.81 billion
Primary Office: United Kingdom
Bet365 is known as one of the top sports bookmakers in the world. They are also one of the most successful privately-owned betting companies worldwide. The company also owns an 84.4% stake in the Premier League franchise Stoke City FC.
Bet365 started as a sports betting company, where bettors could wager on horse and greyhound races and other sports. As their offerings grew, they soon added poker to their other online casino games, followed by bingo.
Revenue: £2.45 billion
Primary Office: United States
What makes Caesars Entertainment the top bet company? Aside from their accumulated revenue of more than two billion during a year that was affected by the pandemic. Caesars Entertainment is the rebrand of Eldorado Resorts. The rebranding happened in July 2020, when the acquisition of Caesars was finalised.
Like most companies on this list, Caesars Entertainment owns many well-known brands, including Eldorado, Harrah’s, and Tropicana.
There are currently so many giants in gambling, and the sector is developing more with each passing month. This list is just a small sample of some of the leaders of the pack. If this last year has proven anything, it’s that the gambling industry is alive and well. With the expansion of online and mobile gaming, not even a global pandemic can slow down its growth.