5 Biggest Betting Companies In The World

In this article, we discuss the 5 biggest betting companies in the world. If you want to read about some more betting companies, go directly to 16 Biggest Betting Companies In The World.

5. Caesars Entertainment, Inc. (NASDAQ:CZR)  

Market Capitalization: $11 Billion

Caesars Entertainment, Inc. (NASDAQ:CZR) operates as a gaming and hospitality company in the United States. Being one of the largest betting companies online and in retail, it owns many brands including Eldorado, Harrah’s, Horseshoe and Tropicana. It was founded in 1996 in Nevada, USA, and has a revenue of $3.47 billion. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm HG Vora Capital Management is a leading shareholder Caesars Entertainment, Inc. (NASDAQ:CZR) with 6 million shares worth more than $193 million. 

In its Q4 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Caesars Entertainment, Inc. (NASDAQ:CZR) was one of them. Here is what the fund said:

“Caesars Entertainment, Inc. (NASDAQ:CZR), a diversified casino-entertainment and resort company, underperformed in the period as its quarterly earnings update was viewed as disappointing by investors. The firm highlighted a number of one-time headwinds that ultimately weighed on margins, as well as some negative impacts brought on by the surge in COVID cases. Despite this, we believe that the sizable overall margin improvements Caesars has realized coming out of the pandemic will ultimately prove sustainable in the long run.”