LVS Top Gaming Name on Forbes 2000 List, Flutter Lone OSB Stock
Posted on: June 13, 2025, 05:37h.
Last updated on: June 13, 2025, 05:37h.
- Las Vegas Sands ranked largest gaming company in the world by Forbes
- Flutter is lone dedicated iGaming/sports betting stock making the cut
Las Vegas Sands (NYSE: LVS) is the top-ranked gaming company in the latest edition of the Forbes Global 2000 rankings.
The Marina Bay Sands operator ranked 836 on the list, or 112 spots ahead of MGM Resorts International (NYSE: MGM), the next highest gaming name. Sands ranked ninth in the hotels, restaurants, and leisure category, which was led by McDonald’s (224 overall) and Starbucks (332).
Of the 2,000 publicly traded companies on the list, 621 are US-based firms — the highest geographic representation and nearly double the 317 Chinese companies making the cut. Japan, India, and the UK round out the top five.
Of the six gaming names on the list, three are American corporations, including Sands and MGM, one is a UK-based firm, and the other two hail from the Asia-Pacific region.
Why Sands, Not Flutter Leads Gaming Names on Forbes List
Investors that follow gaming equities likely know that by market capitalization, Flutter Entertainment (NYSE: FLUT), not Sands, is the industry’s largest publicly traded entity. As of the close of US markets today, the FanDuel parent had a market value of $47.93 billion compared to $29.61 billion for Sands. The reason Flutter isn’t tops among betting-related stocks is due to Forbes’ ranking methodology.
For the last 23 years, Forbes has compiled the Global 2000 list, ranking the world’s 2,000 largest companies by revenue, profit, assets and market value, with equal weights for each of the four metrics,” according to the publication.
Flutter ranks 967 on the Global 2000, behind Sands and MGM, but the owner of Paddy Power and PokerStars is the only dedicated iGaming/sports betting stock on the Forbes list. Globally, the Flutter investment thesis is supported by leading market share in mature markets such as Australia and Europe as well as the operator’s ability to leverage deal-making for access to higher growth jurisdictions, such as Brazil.
In the US, where Flutter shifted its primary stock listing last year, FanDuel is the largest online sportsbook operator and a rising force in the still nascent iGaming segment.
Other Gaming Stocks on Forbes List
Sands, MGM and Flutter lead the gaming cohort on the Forbes Global 2000 rankings, but three other industry appear as well. The highest-ranked member of that trio is Australia-based slot machine giant Aristocrat Leisure (1,340). Next up is Galaxy Entertainment (1,419), which like Sands, is one of the largest Macau operators.
Caesars Entertainment (NASDAQ: CZR), which is the biggest domestic casino operator by number of properties, placed 1,561 in the rankings.
The overall rankings were led by JPMorgan Chase and Warren Buffett’s Berkshire Hathaway. Those companies were followed by a Chinese bank, Saudi Aramco, and Amazon.
No comments yet