The largest online gambling site in the United States is located in the gambling hub of Las Vegas, according to a new study.
The Las Vegas Sands Corp. has installed its gambling hub in a sprawling convention center in the heart of the city.
It’s also one of the largest online casinos in the world.
Casino operator MGM Resorts International Inc. said Monday it has invested $1.3 billion in its gaming company.
MGM is betting on gambling to be the next billion-dollar industry.
Las Vegas Sands Chairman and CEO Sheldon Adelson announced the move in February and said his company will spend $50 billion on gaming in the next 10 years.
The Sands is investing in a new $3 billion gaming arena and an upgraded casino complex in the Las Vegas area.
Adelson said the $3-billion expansion will create the world’s largest online gaming ecosystem and create millions of jobs.
“The Vegas Sands is committed to creating and sustaining a world-class casino and gaming environment for future generations,” Adelson told a press conference at the Sands in Las Vegas.
“We will not be content with being one of a handful of major global companies that provide a great gaming experience, only to be shut out of this great opportunity.”
A casino company’s gambling revenue is a reflection of its success in attracting customers.
The gambling sites that host the most gambling are also the most profitable.
MGM Resort and Wynn Resorts Inc. each own two of the most popular online casinos, MGM World and Wyno.
The largest online casino in the U.S. is located at the Las.
Vegas Convention Center.
Casinos such as the MGM Resresorts, Wynn, and Wynwood have generated billions of dollars in revenue for their operators.
Adelsons Las Vegas casino company is also among the biggest in the industry.