Markets

Insider Trading

Hedge Funds

Retirement

Opinion

12 Most Profitable Casinos in the World

In this article, we will take a look at the most profitable casinos in the world. If you want to skip our detailed analysis of the casino and gambling industry, you can go directly to the 5 Most Profitable Casinos in the World.

After a devastating period during the COVID-19 pandemic, the casino industry has shown great signs of recovery. The global economy is slowly adjusting to the aftereffects of the pandemic, and gamblers and tourists are returning to gambling hubs such as Las Vegas and Macao.

The Global Gambling Industry: An Analysis

According to a report by Research and Markets, the global gambling industry was valued at $449 billion in 2022, and is projected to grow at a compound annual growth rate of 6.6%, reaching a valuation of $847.5 billion by 2032. The Asia Pacific was the leading region in the gambling market, accounting for 32.4% of the revenue of the global market in 2022. North America, Western Europe and other regions followed the APAC region. It is anticipated that North America and Western Europe will experience the fastest growth over the forecasted period, with projected compound annual growth rates of 32.2% and 22.8%, respectively. Additionally, South America and Eastern Europe will grow at compound annual growth rates of 8.3% and 1.7%, respectively.

Casino locations massively depend on gambling laws and tax rates. The U.S. and China are two of the biggest gambling countries in the world. In the U.S., gambling laws are flexible as compared to those in China. China allows only Macao and Hong Kong to be legal places for gambling and casinos, whereas gambling is legal in almost all U.S. states.

The Casino Hotel Industry in the U.S.

A major chunk of the global market of casinos lies in the entertainment hub of Las Vegas. Another report from Research and Markets posted data on the casino hotels business in the United States. As per the report, in 2022, average industry sales in the U.S. were $70.9 billion and the average sales per company were $279.1 million. Additionally, the report pointed out that over the past 3 years, the industry has grown at an annual rate of 4.3%.

The casino and gambling market is growing swiftly each year. In 2022, it was the period of recovery for most of the casino firms. The trends in the gambling industry are changing with the rise of online gambling and the emergence of online gambling stocks. When we talk about casinos, the United States is the first country that comes to our minds. Las Vegas is considered the epicentre of world-leading casinos. Hong Kong and Malaysia also have some of the most profitable casinos in the world. Additionally, Macao is emerging as a new hub for the gambling market. The Asian market is mainly focused around the southern coast of China.

European Gambling Market on The Rise

The European gambling market is skyrocketing, especially in the UK. According to the data cited by The Guardian, the UK is the largest regulated online gambling market in the world. In comparison to the US market, the UK market reported a total gross gaming revenue of GBP 9.07 billion in 2021, surpassing the US which posted GBP 7.79 billion.

Casino companies’ performance has improved after the pandemic and their stocks are also pulling off exceptionally well. Moreover, as the spending of the gambling industry is highly correlated with the overall progress of the economy, casino stocks may also be some of the best consumer discretionary stocks to invest in.

Some of the biggest gambling companies in the world include Las Vegas Sands Corp. (NYSE:LVS), Wynn Resorts, Limited (NASDAQ:WYNN), and Caesars Entertainment (NASDAQ:CZR).

Casino companies have once again started to make investments following a gap during COVID-19 pandemic. Since we have highlighted some of the most popular gambling companies, let’s take a look at some notable earnings. On April 19, Las Vegas Sands Corp. (NYSE:LVS) posted stellar earnings for the first quarter of fiscal 2023. The company reported earnings per share of $0.28, surpassing EPS estimates by $0.08, and its revenue amounted to $2.12 billion, outperforming revenue estimates by $286.59 million.

After a strong beat, Las Vegas Sands Corp.’s (NYSE:LVS) is focusing on growth opportunities and looks optimistic about future developments. Here are some comments from its Q1 2023 earnings call:

“The results speak for themselves. There is a powerful recovery underway in Macao in both gaming and the non-gaming segments. The future looks very good for both markets. Our commitment to investing in both Macao and Singapore has never wavered.

We’re excited to have the opportunity to develop — to deploy more capital to expand our non-gaming offerings in Macao. The $3.8 billion commitment we made as part of the concession tender is just the baseline. We will invest more in this extraordinary market. I look forward to everyone having the opportunity to see, to witness The Londoner and the Four Seasons. The quality of our new products is exceptional.

Marina Bay Sands delivered EBITDA of $394 million for the quarter. Mass win was an all-time property record of $549 million. Rolling volumes have nearly equalled the 2019 level. Our $1 billion suite and casino renovation program is progressing. More suite inventory will continue to come online throughout the remainder of the year. We will have 400 suites available by the end of 2023, up from just 150 prior to our renovation.

It’s very exciting. I don’t know that in any of our markets, we had a quarter with this amount of EBITDA recovery this quickly after opening. So that’s a good indicator. And so, I think we’re very excited about that. I think, it’s hard to call these things are — it’s — I wish we had a crystal ball, but I think at this point, we look at the recovery and it’s very encouraging.”

Pixabay/Public Domain

Methodology

In order to determine the most profitable casinos in the world, we took into account the profitability of their parent companies. For casinos owned by private companies, we relied on annual revenue or the available annual metric to quantify their profitability. For casinos owned by public companies, we considered the net income.

We sourced the annual net income for the most recent fiscal year from Macrotrends, and for casinos owned by private companies, we sourced their financials from official annual reports and press releases. We then chose each profitable casino company’s flagship casino and ranked them in ascending order of the profitability of their parent companies.

Net income was prioritized for gauging a company’s profitability, so privately owned casinos are ranked earlier in the list, and as we move up, we will find publicly owned casinos.

12 Most Profitable Casinos in the World

12. Grand Lisboa Palace

Annual Net Income (2022): – HK$7.84 Billion

Grand Lisboa Palace is owned by SJM Holdings Limited (OTC:SJMHF) and is located in Macao. SJM Holdings Limited (OTC:SJMHF) is a Hong Kong-based developer and operator of casinos. The company has two business divisions: Gaming Operations and Hotel, Catering, Retail and Leasing Operations. In 2022, the company lost HK$7.84 billion,  however, it generated a gaming revenue of HK$6.67 billion. Operating in a prime location in Macao, Grand Lisboa remains one of the most profitable casinos in the world.

Some of the most prominent players in the global gambling industry include Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), and Caesars Entertainment (NASDAQ:CZR).

11. Wynn Las Vegas 

Annual Net Income (2022): – $0.424 Billion

Wynn Las Vegas is one of the biggest names in the industry, based in Las Vegas, Nevada. It is owned by Wynn Resorts, Limited (NASDAQ:WYNN) and the company is well-established with a market cap of $11.97 billion, as of June 26. The company has four business divisions: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. In 2022, Wynn Resorts, Limited (NASDAQ:WYNN) generated a net loss of $0.424 billion, down 43.92% year-over-year.

10. Mohegan Sun

EBIDTA (2022): $403.90 Million

Mohegan Sun operates under a private company owned by the Mohegan Tribe formally known as MGE. Mohegan Sun located in Uncasville, Connecticut, has performed considerably despite the drastic impact of the COVID-19 pandemic. In the first quarter of 2023, the casino posted net revenue of just over $239 million, dropping 4.8% year over year. During Q1, Mohegan Sun’s net income was $51.33 million, posting a 16.8% decline year over year. However, Mohegan Sun has improved its second-quarter results with revenue increasing to $225.9 million, up 4.8% from the prior year.

For the fiscal year 2022, the company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was a record $403.9 million. Mohegan’s CEO, Raymond Pineault said:

“Our adjusted EBITDA … was the highest in our 26-year history. The first full fiscal year of operations of Mohegan Casino Las Vegas, the launch of Mohegan Digital, and the reopening and ramp-up of Niagara Resorts all contributed to these results.”

9. Foxwoods Resort Casino

Annual Revenue (Est): $300 Million

Foxwoods Resort Casino is situated in Mashantucket, Connecticut. Mashantucket Pequot Tribal Nation owns Foxwoods Resort Casino. Recently, Foxwoods won 11 first-place awards in the 2023 Best Of Dining & Nightlife Awards for Casino Player Magazine. Foxwoods Resort Casino is one of the most profitable casinos in the world. According to Growjo, the casino’s annual revenue is estimated at $300 million.

8. Parx Casino and Racing

Annual Revenue (Est): $750 Million

Parx Casino and Racing is a prominent casino located in Bensalem, Pennsylvania. Parx Casino offers round-the-clock gambling experiences with a vast selection of entertainment options. It boasts more than 3,200 slot machines, 188 lively table games, and a dedicated poker room equipped with 48 poker tables. Additionally, Parx Casino also offers online gambling and online sports betting platforms.

The casino is owned by Greenwood Racing Inc., a private entity. According to Growjo, Parx Casino has an estimated annual revenue of $750 million. The casino is one of the most profitable casinos in the world.

7. Galaxy Macau

Annual Revenue (2022): $11.5 billion

Galaxy Macau is a casino resort based in the Cotai area of Macao. It remains one of the leading in the industry and also one of the most profitable casinos in the world. The casino is owned by Galaxy Entertainment Group Limited (OTC:GXYYY) and is a major contributor to the company’s revenue and earnings. Galaxy Entertainment Group Limited (OTC:GXYYY) is another leading Hong Kong-based developer and operator of casinos. Galaxy Entertainment Group Limited (OTC:GXYYY) generated net revenue of $11.5 billion in 2022, of which $7.4 billion came from Galaxy Macau.

6. Borgata Hotel Casino & Spa

Annual Net Income (2022): $1.11 Billion

Borgata Hotel Casino & Spa is located in the premier gaming area of Atlantic City, New Jersey. Based in one of the prime locations, Borgata has attracted gamblers globally and remains one of the most profitable casinos in the world. VICI Properties Inc. (NYSE:VICI) owns the casino and posted strong outcomes in 2022, reporting an annual net income of $1.11 billion.

Some of the most profitable gambling companies in the world include Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), and Caesars Entertainment (NASDAQ:CZR).

Click to continue reading and see 5 Most Profitable Casinos in the World.

Suggested articles:

Disclosure: None. 12 Most Profitable Casinos in the World is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!