OBPAI Geek Team•2026/8/12•0 阅读
Global Gaming Groups of 2026
MGM ~$17.5bn; Las Vegas Sands ~$13.0bn; Caesars ~$11.5bn; Wynn ~$7.1bn; Galaxy ~$6.3bn; Melco ~$5.2bn.
gamingcasinoMGMSands2026
Main table: FY2025 net / operating revenue
Compiled 2026-08-13. Ranked by latest full-year net revenue (or operating revenues) of integrated-resort / casino groups. FX used only for USD ranking: about USD 1 = HKD 7.8. Sands China is consolidated into Las Vegas Sands and is not listed separately on the main table.
| # | Company | Revenue | USD equiv. | YoY / note |
|---|---|---|---|---|
| 1 | MGM Resorts | $17.5bn | 17.5 | CY2025 consolidated net revenues +2%; Las Vegas Strip / Regional / China etc. |
| 2 | Las Vegas Sands | $13.02bn | 13.0 | CY2025 net revenues +15%; Marina Bay Sands + Macao via Sands China |
| 3 | Caesars Entertainment | $11.49bn | 11.5 | CY2025 GAAP net revenues ~+2% |
| 4 | Wynn Resorts | $7.14bn | 7.1 | CY2025 operating revenues roughly flat |
| 5 | Galaxy Entertainment | HKD 49.24bn | ~6.3 | CY2025 group net revenue +13%; Galaxy Macau property HKD 41.0bn |
| 6 | Melco Resorts | $5.16bn | 5.2 | CY2025 operating revenues ~+11% |
MGM’s ~$17.5bn still leads this listed integrated-resort set. Las Vegas Sands and Caesars follow in the low-to-mid teens; Wynn, Galaxy and Melco sit in the $5–7bn band.
Side table: Macao cuts
| Cut | Figure | Scope |
|---|---|---|
| Macao market GGR | HKD 240.2bn (+9%) | CY2025; cited in Galaxy results |
| Sands China | $7.44bn (+5.1%) | CY2025 GAAP net revenues; inside LVS |
| Galaxy Macau property | HKD 41.0bn (+19%) | CY2025 net revenue; Galaxy’s main engine |
How we ranked
Main table uses latest full-year net / operating revenue of integrated-resort groups; Macao market GGR and Sands China sit in the side table. Board defaults to S–D.
| Source | When | Used for |
|---|---|---|
| MGM FY2025 | 2026 | Net revenues $17.5bn |
| Las Vegas Sands FY2025 | 2026 | Net revenues $13.017bn; Sands China $7.44bn |
| Caesars FY2025 | 2026 | Net revenues $11.486bn |
| Wynn FY2025 | 2026 | Operating revenues $7.14bn |
| Galaxy FY2025 | 2026 | Group net revenue HKD 49.24bn; Macao GGR HKD 240.2bn |
| Melco FY2025 | 2026 | Operating revenues $5.16bn |
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