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HomeNewsElsewhereMGM Resorts rises in Forbes Global 2,000, ahead of LVS and Galaxy

MGM Resorts rises in Forbes Global 2,000, ahead of LVS and Galaxy

MGM Resorts has moved up the rankings in Forbes’ World’s Largest Hotels, Restaurants and Leisure Companies listing for 2023, scoring number 5 on the charts as the group estimates sales of $14.1 billion and a market value of $15.7 billion.

MGM Resorts rose by some 147 spots in the Forbes Global 2,000 list – coming in at 596 – ahead of rival Las Vegas Sands, which placed 17th among the specific ranking and at 1,293rd within the overall ranking – with sales of $5.3 billion and a market value of $47.1 billion.

Galaxy Entertainment Group also made the charts, at 20th on the hotel, restaurant and leisure company list and position 1,170 on the Global 2,000 list, with sales of $1.07 billion and a market value of $30 billion.

Other Macau operators Melco, Wynn and SJM were not listed on the Global 2,000.

Forbes creates the rankings based on a composite score calculated from revenue, profits, assets and stock market value.

Other gambling companies placed highly on the charts, with Flutter Entertainment – who run Betfair, FanDuel and Paddy Power – rising 239 places on the overall ranking to 1,077 and placing 13th on the shortlist, with sales of $9.5 billion and a market value of $34.4 billion.

US-based Caesars Entertainment snagged position 16 on the shortlist and placed at 1,280 on the Global 2,000 – with sales of $11.4 billion and a market value of $9.6 billion.

Aristocrat Leisure also placed highly, at 19th on the shortlist and at position 1,611 overall (rising 33 spots), with sales of $4 billion and a market value of $16.6 billion.

Cruise company Carnival Corp also made the short list, at 9th, while ranked 959th overall, with $15 billion in sales and a market value of $12.6 billion. Fellow cruise operator Royal Caribbean Cruises tallied in at 12th on the shortlist and at 1,052 on the Global 2,000, with $10.7 billion in sales and a market value of $19.3 billion, according to Forbes.

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The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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