Largest Online Gambling Companies In The World
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From the start of the industrial revolution, the top companies the world have been brick and mortar companies in various industries from the mining industry to the real estate industry. However, this changed after the invention of the internet. Now among the largest companies in the world are internet companies which lead in inventory, revenue generated, and the number of employees. Internet companies are organizations that engage on business on the internet and may exclude information technology companies or the internet service providers.
The Largest Internet Companies In The World
Amazon
Amazon, also known as Amazon.com is an e-commerce company. With over $107 billion in sales in 2015, Amazon is the largest online retail company in the world. Founded in 1994 by Jeff Bezos, currently its headquarters is in Seattle, Washington. Amazon has a global footprint with affiliate websites worldwide. This made it surpass Wal-Mart in market capitalization of $329.7 billion in 2015. Amazon boasts of being the biggest employer of all the internet companies and a workforce 268,908 people in 2015 and generated revenues of $70 billion.
Google is perhaps the most well-known of internet companies. Its main activity is internet search engine operation. However, it has interests in other fields such as in social media (Google Plus) and Cloud data storage (Google Drive). It is headquartered in Mountain View, California, USA. Google was founded by two university students, Larry Page and Sergey Brin from Stanford University in 1996. The idea was a modification of existing search engines at the time which was initially known as PageRank. In its early stages, it was run from a friend’s garage. Google now has around 61,814 employees and annual revenue of $74.98 billion. It has market capitalization of $493.2 billion.
eBay
eBay is an ecommerce company which was founded in 1995 by a computer programmer named Pierre Omidyar. Located in San Jose, California, it has seen its revenue reach $8.59 billion and a labor force consisting of 34,600 people. eBay has its revenue streams diversified through numerous acquisitions in other fields. PayPal, an online money processing company is a notable example which constituted 44% of its revenue before it went public. Market capitalization of eBay in 2015 was $26.98 billion.
Facebook is the largest social media company in the world. With over one billion users, Facebook has seen its revenue reach $17.93 billion. Mark Zuckerberg founded it while a student at Harvard University. Located in Menlo Park, California Facebook has employed more than 12,641 people into its labor force. In 2012, Facebook had its IPO which made its value grow tremendously to reach a market capitalization of more than $25 billion. In 2014, Facebook acquired Whatsapp, a mobile message company for about $19 billion.
Alibaba
Alibaba is the biggest e-commerce company is Asia and has more than a billion users worldwide. Alibaba was founded by Jack Ma in 1999 and has its headquarters in Hangzhou, China. Alibaba has two major portals that run under it, Alibaba and Aliexpress. Alibaba is majorly for wholesale transactions while Aliexpress handles retail transactions. In 2015 Alibaba was valued at $202 billion with over $500 billion in sales. With over 26,000 employees, Alibaba has seen unprecedented sales in China including November, 2015 Singles Day when more than $17.7 billion in sales was realized.
The 25 Largest Internet Companies In The World
| Rank | Company | Industry | Revenue ($B) | Employees | Headquarters |
|---|---|---|---|---|---|
| 1 | Amazon | E-commerce | $107 | 268,908 | Seattle, WA, USA |
| 2 | Search | $74.98 | 61,814 | Mountain View, California, USA | |
| 3 | Social | $17.93 | 12,691 | Menlo Park, CA, USA | |
| 4 | Tencent | Social | $15.84 | 25,517 | Shenzhen, Guangdong, China |
| 5 | Alibaba | E-commerce | $12.29 | 26,000 | Hangzhou, Zhejiang, China |
| 6 | Baidu | Search | $10.56 | 41,467 | Beijing, China |
| 7 | Priceline Group | Travel | $9.22 | 9,000 | Norwalk, CT, USA |
| 8 | eBay | E-commerce | $8.59 | 34,600 | San Jose, CA, USA |
| 9 | Netflix | Entertainment | $6.77 | 3,500 | Los Gatos, CA, USA |
| 10 | Expedia,Inc. | Travel | $6.67 | 18,000 | Bellevue, Washington, USA |
| 11 | Rakuten | E-commerce | $6.3 | 12,981 | Tokyo, Japan |
| 12 | Salesforce.com | Cloud computing | $5.37 | 16,227 | San Francisco, CA, USA |
| 13 | Yahoo | Search Engine | $4.97 | 12,500 | Sunnyvale, CA, USA |
| 14 | ODIGEO | Travel | $4.9 | 1,700 | Barcelona, Spain |
| 15 | NetEase | Online Services | $3.63 | 12,919 | Guangzhou, Guangdong, China |
| 16 | Zalando | E-commerce | $3.28 | 10,000 | Berlin, Germany |
| 17 | Groupon | E-commerce | $3.1 | 10,000 | Chicago, Illinois, USA |
| 18 | Social | $2.99 | 8,735 | Mountain View, CA, USA | |
| 19 | Social | $2.22 | 3,638 | San Francisco, CA, USA | |
| 20 | Naver Corporation | Search engine | $2.2 | 2,501 | Seoul, South Korea |
| 21 | Cimpress | Mass Customization | $1.78 | 8,000 | Venlo, Netherlands |
| 22 | TripAdvisor | Travel | $1.5 | 2,793 | Needham, Massachusetts,USA |
| 23 | flipkart | E-Commerce | $1.5 | 35,000 | Bangalore, Karnataka, India |
| 24 | ASOS.com | E-Commerce | $1.40 | 7,500 | London, UK |
| 25 | Yandex | Search | $0.9 | 5,514 | Moscow, Russia |
It’s no secret that the last 21 years have been monumental for online gambling. Over this time, many of the major players have transformed from fringe companies to massive corporations. Right now the industry has skyrocketed to be worth $35.97 billion, and there’s no end in sight. On the contrary, the online gambling industry is set to grow to a staggering $66.59 billion by 2020. That unfathomable amount of money is creating a bonanza that’s too enticing for many companies to ignore.
Now that the industry is being formalized, many companies are cashing in. These may seem like opportunists, but many of the leading companies have been involved since the late 90’s. From bold newcomers such as Canada’s Amaya Gaming Group to the pioneers, some companies stand out from the pack. Their net worths are larger than life, which makes them impossible to ignore.
For responsible punters, getting to know the leading players in the online gambling industry is essential. We know how important it is for our readers to stay informed, so we created this list. Prepare to get an intimate look at the biggest online gambling companies in the world. Their net worths are staggering, so get ready to see the industry’s potential!
Biggest Online Gambling Companies
This Israeli-owned company has risen from nothing.
Gambling Giant #3: Playtech ($3.6 Billion Net Worth) – Ever since it was founded, this company has been hell-bent on dominating the industry. Despite countless setbacks, Playtech has exploded in growth over the last few years. In 2015 alone, it grew from $3.32 billion to $3.6 billion. It was founded by Teddy Sagi in 1999, and was listed on the London Stock Exchange in 2006. Even though it was valued at £550 million, this company was just getting started. They created their legacy by providing top of the line online casino games that range from slots to sports betting.
They may have enjoyed explosive growth, but Playtech has also experienced its fair share of setbacks. Their founder Teddy Sagi was convicted of a slew of charges including insider trading. He ended up spending nine months behind bars, but emerged stronger than ever. One of their games Lakshmi Gold has also been accused of defaming Hindu deities. Ignoring the consternation of the Hindu community, this game is still online. Despite these hiccups, Playtech has a good reputation for taking care of its players.
Ever since its foundation this has been an empire.
Largest Online Gambling Companies In The World Since
Gambling Giant #2: William Hill ($4.95 Billion Net Worth) – Out of all the companies on the list, this one has been in the game the longest. The company first started in 1934, when their founder William Hill found a loophole in Britain’s gambling laws. This allowed him to accept bets and create an empire that has lasted almost a century. When online gambling came about, William Hill was one of the first land based companies to switch over. Their unparalleled expertise allowed them to effortlessly dominate online gambling in Europe.
Just like all of the top names in the industry, William Hill has been the center of plenty of controversy. The company was under investigation by the Serious Fraud Office of Britain for accounting irregularities in the late 1990’s. William Hill has also been accused of bribing top members of parliament to pass UK gambling tax structures in 2014. This forced out most of the smaller competition, and allowed William Hill and his syndicate to prosper.
Largest Online Gambling Companies In The World United States
Two of the biggest players in the game have united to dominate the industry.
Gambling Giant #1: Paddy Power Betfair PLC ($11.96 Billion Net Worth) – This behemoth company was formed by the merger of two of the biggest online betting companies in the world. Betfair and Paddy Power made history when they finalized their merger in February 2016. It’s no secret why these companies decided to team up, since they were both game changers embroiled in controversy. Betfair revolutionized fixed-odds sports betting sites by allowing players to offer each other wagers. This led to them becoming the largest betting exchange on the internet, but they drew harsh criticism for charging winners.
Paddy Power was the largest gambling company in Ireland, that gained notoriety for their outrageous marketing campaigns. They started as three bookmaker’s shops in 1988, and expanded aggressively ever since. They switched from land to online betting shops in the 1990’s, quickly dominating the market. Their gung-ho marketing has repeatedly gotten them in trouble. From putting odds on Obama’s assassination to species that would go extinct from oil spills, they’re no strangers to controversy. Now that they have merged with an equally aggressive partner, this company is set to continue dominating online gambling.