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Rediff.com  » Business » Betting big: 10 casino companies set to roll in cash
This article was first published 10 years ago

Betting big: 10 casino companies set to roll in cash

December 06, 2013 13:12 IST

Image: Gamblers play the roulette wheel.
Photographs: Jean Philippe Arles/Reuters

Gambling, which is already a multi-billion dollar industry, is set to see a big increase in business with many countries planning to greenlight casino operations and Internet betting.

Let's take a look at some casino companies that are projected to witness huge growth.

Source: Bloomberg Visual Data

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Betting big: 10 casino companies set to roll in cash

Image: A student practices at a mock casino run by the Macao Polytechnic Institute in Macau.
Photographs: Bobby Yip/Reuters

Las Vegas Sands

Founded: 1988

Headquarters: Paradise, Nevada, United States

Revenue in 2012: $11.10 billion

Employees: 46,000

Estimated sales growth: 23.64 per cent

Estimated net income growth: 39.46 per cent

Estimated growth in earnings per share: 39.67 per cent

Overall rank in projected growth: 1

Las Vegas Sands, which runs several casinos and resorts around the world, is a Fortune 500 company.

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Betting big: 10 casino companies set to roll in cash

Image: Attendants working for US slot machine maker Bally Technologies learn a poker game before introducing it to visitors at Gaming Expo Asia in Macau.
Photographs: Bobby Yip/Reuters

Melco Crown Entertainment

Founded: 2004

Headquarters: Hong Kong

Revenue in 2012: $4.10 billion

Employees: 11,769

Estimated sales growth: 21.60 per cent

Estimated net income growth: 50.67 per cent

Estimated growth in earnings per share: 58.68 per cent

Overall rank in projected growth: 2

Melco Crown Entertainment, which runs several casinos and resorts in Hong Kong, Macau and the Philippines, is one of the 100 oldest companies in Hong Kong.

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Betting big: 10 casino companies set to roll in cash

Image: People walk past an entrance to a casino in Macau.
Photographs: Bobby Yip/Reuters

Boyd Gaming

Founded: 1988

Headquarters: Paradise, Nevada, United States

Revenue in 2012: $2.50 billion

Employees: 25,247

Estimated sales growth: 17.08 per cent

Estimated net income growth: Minus 16.03 per cent

Estimated growth in earnings per share: 12.86 per cent

Overall rank in projected growth: 3

Boyd Gaming, which runs several casinos and hotels in the United States, continues to be run by founder Sam Boyd's family.

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Betting big: 10 casino companies set to roll in cash

Image: Guests mingle during a preview party at the grand opening of MGM Mirage's $8.5 billion CityCenter project centerpiece, Aria Resort & Casino, in Las Vegas, Nevada.
Photographs: David Becker/Reuters

Galaxy Entertainment Group

Founded: 2002

Headquarters: Hong Kong

Revenue in 2012: $56.70 billion

Employees: 15,000

Estimated sales growth: 13.14 per cent

Estimated net income growth: 32.92 per cent

Estimated growth in earnings per share: 33.03 per cent

Overall rank in projected growth: 4

Galaxy Entertainment Group, which runs several casinos and hotels in Macau, is a major player in the construction industry.

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Betting big: 10 casino companies set to roll in cash

Image: Employees ready the bar at the Union Restaurant and Lounge inside the Aria hotel-casino in Las Vegas, Nevada.
Photographs: Las Vegas Sun/Steve Marcus/Reuters

SJM Holdings

Founded: 2006

Headquarters: Hong Kong

Revenue in 2012: $10.31 billion

Total employees: 21,000

Estimated sales growth: 8.81 per cent

Estimated net income growth: 11.08 per cent

Estimated growth in earnings per share: 10.70 per cent

Overall rank in projected growth: 5

SJM Holdings, which runs 14 out of 30 casinos in Macau, is the largest company in terms of gaming revenue and number of casinos in that country.

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Betting big: 10 casino companies set to roll in cash

Image: Visitors walk in the casino at the Venetian in Macau.
Photographs: Paul Yeung/Reuters

Wynn Resorts

Founded: 2002

Headquarters: Paradise, Nevada, United States

Revenue in 2012: $5.20 billion

Employees: 16,000

Estimated sales growth: 6.27 per cent

Estimated net income growth: 28.85 per cent

Estimated growth in earnings per share: 28.99 per cent

Overall rank in projected growth: 6

Wynn Resorts, which runs several high end hotels and casinos in the United States and Macau, is a major player in the casino industry.

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Betting big: 10 casino companies set to roll in cash

Image: Test chips with security measures by Gaming Partners International, a provider of casino currency and equipment, are displayed on a gaming table during the Global Gaming Expo Asia in Macau.
Photographs: Bobby Yip/Reuters

MGM Resorts International

Founded: 1986

Headquarters: Paradise, Nevada, United States

Revenue in 2012: $9.20 billion

Employees: 50,050

Estimated sales growth: 6.16 per cent

Estimated net income growth: N/A per cent

Estimated growth in earnings per share: N/A per cent

Overall rank in projected growth: 7

MGM Resorts International, which is one of the biggest gaming companies in the world, has operations all around the world.

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Betting big: 10 casino companies set to roll in cash

Image: Foreigners play on a baccarat table during the opening of Solaire Casino-Resort in Pasay city, Metro Manila, the Philippines.
Photographs: Cheryl Ravelo/Reuters

Genting Group

Founded: 1965

Headquarters: Kuala Lumpur, Malaysia

Revenue in 2012: N/A

Employees: 60,000

Estimated sales growth: 3.04 per cent

Estimated net income growth: 19.85 per cent

Estimated growth in earnings per share: 14.92 per cent

Overall rank in projected growth: 8

Genting Group, which has been called one of the best run companies in Asia, is engaged in several areas apart from casinos.

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Betting big: 10 casino companies set to roll in cash

Image: A croupier sits in front of a gaming table at Global Gaming Expo Asia in Macau.
Photographs: Bobby Yip/Reuters

Caesars Entertainment Corporation

Founded: 1937

Headquarters: Paradise, Nevada, United States

Revenue in 2012: $8.6 billion

Employees: 68,000

Estimated sales growth: 0.70 per cent

Estimated net income growth: Minus 41.54 per cent

Estimated growth in earnings per share: Minus 68.33 per cent

Overall rank in projected growth: 9

Caesars Entertainment Corporation, which runs more than 50 casinos and hotels, is one of the biggest gaming companies in the world.

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Betting big: 10 casino companies set to roll in cash

Image: People walk near the entrance to the Wynn Encore casino and hotel in Macau.
Photographs: Tyrone Siu/Reuters

Penn National Gaming

Founded: 1972

Headquarters: Wyomissing, Pennsylvania, United States

Revenue in 2012: $8.6 billion

Employees: 20,003

Estimated sales growth: 0.35 per cent

Estimated net income growth: Minus 52.91 per cent

Estimated growth in earnings per share: Minus 39.85 per cent

Overall rank in projected growth: 10

Penn National Gaming, which runs 26 gaming facilities in 18 states in the US and a casino in Canada, is a major gaming company.