International casino operator Las Vegas Sands Corp – with a presence in the Singapore and Macau markets – is the top-ranked gaming company in Forbes magazine’s latest Annual Global 2000 Ranking of the World’s Largest Companies, published on Thursday.
The firm was ranked 836 on a worldwide basis in a survey across multiple industries, with annual revenue of US$11.2 billion, assets of US$21.25 billion, and profits of US$1.3 billion. Forbes did not provide a comparison with the company’s standing in 2024.
Las Vegas Sands operates casino resorts in Macau via its Sands China Ltd unit, and the Marina Bay Sands property (pictured in a file photo) in Singapore via its Marina Bay Sands Pte Ltd unit.
The 23rd annual edition of Forbes’ Global 2000 ranking of the world’s largest companies was determined by sales, profits, assets, and market value, the magazine said. For the third year in a row, investment bank J.P. Morgan Chase led the list.
“Companies on the 2025 list amassed new records with US$52.9 trillion in revenue, US$4.9 trillion in profit, US$242.2 trillion in assets, and US$91.3 trillion in market cap,” Forbes said. It noted that it had used the latest 12 months of financial data available for each firm to produce the list.
The second-largest gaming company in the world, according to Forbes latest Global 2000 ranking, was U.S.-based MGM Resorts International. The firm – parent of Macau casino operator MGM China Holdings Ltd and one of the promoters of Japan’s first casino resort, currently under development – was ranked at position 948, with annual revenue of US$17.24 billion, assets of US$42.23 billion, and profits of US$743.7 million.
The Forbes 2025 listing also saw Australia-listed slot machine maker and online gaming content provider Aristocrat Leisure Ltd make the Global 2000, in position 1,340. That was based on annual revenue of US$4.35 billion, assets of US$7.15 billion, and profits of US$859.1 million.
Casino operator Galaxy Entertainment Group Ltd was ranked in position 1,419. It was the only purely Macau-based company featured in the latest Global 2000. Forbes valued its annual revenue at US$3.46 billion, its assets at US$12.18 billion, and the firm’s profits at US$1.12 billion.
