{"id":279733,"date":"2023-06-30T14:20:17","date_gmt":"2023-06-30T19:20:17","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=279733"},"modified":"2023-06-30T14:20:17","modified_gmt":"2023-06-30T19:20:17","slug":"sands-venues-top-list-of-worlds-most-profitable-casinos","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/","title":{"rendered":"Venetian Macau, Marina Bay Sands Most Profitable Casinos"},"content":{"rendered":"

Venetian Macau and Marina Bay Sands (MBS) in Singapore are the world\u2019s two most profitable casinos — a status supporting Las Vegas Sands\u2019 (NYSE: LVS) ranking as the largest casino operator by market capitalization.<\/p>\n

\"Macau
Sands China’s Venetian Macau. It’s the most profitable casino in the world, according to new rankings. (Image: Luxury Lifestyle Magazine<\/em>)<\/figcaption><\/figure>\n

The pair of integrated resorts, which represent two of the six properties in the Sands portfolio, sit atop Insider Monkey\u2019s <\/em>rankings of the 12 most profitable casinos in the world, underscoring the importance of the Asia-Pacific region to gaming operators.<\/p>\n

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,\u201d according to the research firm.<\/p><\/blockquote>\n

Highlighting the importance of Macau<\/a> on the global gaming stage, SJM Holdings\u2019 Grand Lisboa Palace (12th) and Galaxy Entertainment\u2019s Galaxy Macau (seventh) joined Venetian Macau as the Macau venues on the Insider Monkey<\/em> list.<\/p>\n

MGM Dominates US Rankings<\/h2>\n

In terms of number slots commanded on the list and number of highly profitable domestic gaming venues, MGM Resorts International<\/a> (NYSE: MGM) dominates.<\/p>\n

Borgata Hotel Casino & Spa — Atlantic City\u2019s highest-grossing integrated resort — ranked sixth on the Insider Monkey<\/em> list. In the fifth spot, was MGM National Harbor in Maryland, which was the top-grossing regional casino.<\/p>\n

\n

That dominance translates to the Las Vegas Strip, where MGM is the largest operator. Bellagio is the fourth most-profitable casino in the world while Aria Resort & Casino ranks third, according to Insider Monkey<\/em>.<\/p>\n<\/div>\n

Those are among the reasons Wall Street is bullish on MGM stock. In a note to clients earlier this week, Jefferies analyst David Katz reiterated a \u201cbuy\u201d rating on MGM while boosting his price target to $64, citing strength in the operator\u2019s broader land-based casino portfolio and in its BetMGM online wagering unit.<\/p>\n

\u201cIn short, we had previously reflected the strength in the Las Vegas market and MGM\u2019s non-Vegas domestic properties, although Macau warranted higher estimates for the quarter,\u201d wrote the analyst.<\/strong><\/p>\n

Wynn Earns Spot, Too<\/h2>\n

The only other Strip venue on the list was Wynn Resorts\u2019 (NASDAQ: WYNN) Wynn Las Vegas in the 11th<\/sup> spot. That venue is coming off a record-breaking<\/a> first quarter.<\/p>\n

Tribal-run casinos were well-represented on the most profitable list as Mohegan Sun and Foxwoods Resort Casino \u2013 Connecticut\u2019s two casinos — placed tenth and ninth, respectively.<\/p>\n

Parx Casino and Racing in Bensalem, Pa. is eighth on the list. That venue is owned and operated by privately held Greenwood Racing Inc.<\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Venetian Macau and Marina Bay Sands (MBS) in Singapore are the world\u2019s two most profitable casinos — a status supporting Las Vegas Sands\u2019 (NYSE: LVS) ranking as the largest casino operator by market capitalization. The pair of integrated resorts, which represent two of the six properties in the Sands portfolio, sit atop Insider Monkey\u2019s rankings […]<\/p>\n","protected":false},"author":46,"featured_media":248272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62,81886],"tags":[81913,81897,23],"acf":[],"yoast_head":"\nSands Venues Top List Of World's Most Profitable Casinos<\/title>\n<meta name=\"description\" content=\"Two Las Vegas Sands venues are the most profitable casinos in the world.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sands Venues Top List Of World's Most Profitable Casinos\" \/>\n<meta property=\"og:description\" content=\"Two Las Vegas Sands venues are the most profitable casinos in the world.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-30T19:20:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/VM.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1368\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/\",\"url\":\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/\",\"name\":\"Sands Venues Top List Of World's Most Profitable Casinos\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/VM.jpg\",\"datePublished\":\"2023-06-30T19:20:17+00:00\",\"dateModified\":\"2023-06-30T19:20:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Two Las Vegas Sands venues are the most profitable casinos in the world.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sands-venues-top-list-of-worlds-most-profitable-casinos\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/VM.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/VM.jpg\",\"width\":1368,\"height\":628,\"caption\":\"Sands China's Venetian Macau. Operator Sands China gained the most market share in Macau last year. 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