Every year, the editorial staff of Forbes magazine publishes the top of the richest people in the world, where the top lines are occupied by financial giants and owners of IT giants. Ratings of billionaires in various professional fields are compiled separately. The gambling industry was no exception. Owners of casinos and gambling companies have made their fortune on entertainment and the passion of people for excitement.
Age: 85 years
Condition: $35.4 billion
Place in Forbes 2019: 24
Source of revenue: casino operator Las Vegas Sands
The leader of the Forbes list among the richest people in the gambling business for decades remains the American Sheldon Adelson. His fortune in 2018 exceeded 38 billion dollars through the ownership of the casino Las Vegas Sands.
Sheldon Adelson is the richest casino owner
Sheldon was born in 1933 to a poor family of Jews who moved to a suburb of Boston. He worked as a street newspaper salesman, entrepreneur, broker, and financial consultant. In his lifetime, he created over 50 companies.
In 1970 Adelson started the exhibition business and soon organized one of the first IT exhibitions in Las Vegas. The Comdex brand existed until 2003, then merged with the annual Consumer Electronics Show. In late 1988, Sheldon decided to buy the legendary The Sands Hotel & Casino. He quickly found partners, offering the concept of combining the gambling and exhibition business. Already in 1989 The Sands Expo Convention Center was built near the Sands Hotel.
Las Vegas Sands
Sheldon Adelson Kingdom
Now Las Vegas Sands is the largest casino operator in the USA. The corporations own the best gambling establishments on the planet and large exhibition centers:
The Venetian Las Vegas (rebuilt in 1999 by The Sands Hotel & Casino);
Sands Expo & Convention Center;
The Venetian Macao (a copy of The Venetian Las Vegas in Macao of 51,000 square meters, listed in the Guinness Book of Records as the world’s largest casino with 3,400 slot machines and 800 tables);
The Palazzo Las Vegas and other facilities in Las Vegas, Singapore and Macau.
In December 2018, Sheldon Adelson was diagnosed with cancer and has been less involved in meetings and negotiations, but still serves as CEO of Sands. The heirs to the gaming empire are the wife and three children of a billionaire.
Age: 89 years.
Status: $14.1 billion
Place in Forbes 2019: 82
Source of income: casino operator Galaxy Entertainment Group
The condition of Chinese Louis Che Wu is estimated at 14.1 billion dollars, which gives him a place in the hundred richest people on the planet and 6th place in the ranking of billionaires of Hong Kong. and is among the first 100 rich Forbes in early 2019. In his life, Wu has tried his hand in various fields, but his most successful brainchild was the Galaxy Entertainment Group, which manages hotels and casinos in Macau.
Hong Kong’s billionaire Louis Chee Woo knows how to run a casino.
Louis Che Wu was born in 1929 in southern China, in the town of Jiangmen. His childhood fell on the difficult post-war years, during which he faced hunger and even witnessed cannibalism. And when Japan occupied Wu’s hometown, his family moved to Hong Kong. The war deprived Louis Chew Wu of his childhood, but moving from a forced place was a turning point in the fate of the future billionaire.
In the mid-twentieth century, Hong Kong was a place of great opportunity. The first big thing that made it possible to earn seed money was the sale of building materials. Established for this purpose in 1955, K.Wah gradually began to expand its spheres of influence. In the 1960s, Wah started investing in real estate, in the 1980s he turned his attention to the hotel business, and in the early 2000s he relied on the gambling business. This was made possible by the emergence of a special zone in China, where it was allowed to organize gambling. The construction of a casino in Macao began in 2001, and Louis Che Wu was among the first investors who wanted to turn this Chinese autonomy into an Asian Las Vegas. In 2011, Wu presented his largest project to the world – Galaxy Macau Casino Resort.
Galaxy Macau, Louis Chew Woo.
Galaxy Macau Resort Casino in Macao
Galaxy Macau is not just a super modern gambling zone, it’s a mini-city worth $2 billion. It is located on the territory of the complex:
casino, which has 1500 slot machines and 600 tables for roulette, craps and card games;
hotels, restaurants and nightclubs;
gardens, artificial beach and swimming pools.
Experts argue that Louis Chew Woo created his gambling business by looking back on the experience of Sheldon Adelson. So far, he has managed to achieve a smaller scale, but the popularity of Macau is growing, and with it, the owner of the Galaxy Entertainment Group. In 2018, casino revenue was more than 7 billion dollars, and this is not the limit.
Age: 72 years
Status: $7.8 billion
Place in Forbes 2019: 181
Source of income: production of slot machines Novomatic
One of the most famous Austrian businessmen Johann Graf earned his fortune in the production of slot machines, but did not limit himself solely to creating slots. Now Novomatic is a huge multinational holding company that owns game development studios and production plants, casino operators and a network of gaming rooms. The Count’s fortune is estimated at $7.8 billion.
Johan was born in 1946 to a poor family in a suburb of Vienna. His childhood took place in the difficult post-war years, and the boy was raised by his grandparents. After school he learned to work as a butcher, but at the age of 23 he refused to work in a butcher shop and decided to start his own business.
In 1974 the Count and his companion Gerhard Brodnick founded the company Brodnik & Graf GmbH, which was engaged in supplying Belgian machines for playing the popular pinball at that time. After 6 years, having studied all the details of the business, Johan Graf decided to engage in the production of their own slot machines, but his choice fell not on the arcade devices, and slot machines with gambling. After 2 years, the Austrian company took over 70% of the local market. It was an impressive start, and the owner of Novomatic began to actively develop the found gold mine. By 1990, the company was supplying casinos in 30 countries, and with the fall of the Berlin Wall it was one of the first to enter the Eastern European market.
Gaminators from Novomatic
One of the most successful series of gaming machines Novomatic became a slot machine Gaminator
Slot machines Novomatic have become an integral part of the history of gambling in modern Russia. They were installed in the first Russian casinos and gaming clubs. Visitors plunged into the world of gaming thanks to the legendary secrets Sizzling Hot, Dolphin’s Pearl, Lucky Lady’s Charm, Columbus, Captain Venture. With the development of online casinos, these taitlas were born again. And the most famous machine Book of Ra for over a decade is at the top of the rating of the best video slots.
Annual turnover Novomatic reaches 2.5 billion dollars. The company supplies games to the best land and virtual casinos in the world, develops its own network of gaming clubs Admiral, has offices in Europe, Africa, South and Central America.
Age: 51 years
Condition: $6.3 billion
Place in Forbes 2019: 244
Source of income: Bet365 betting site
Denise Coates stands out among the representatives of the large gambling business. Firstly, she is one of the few women in key positions in the gaming industry, and secondly, she is much younger than most of her colleagues in the workshop. Coates’ fortune is estimated at 6.3 billion dollars, but business and money is not the only asset of a British citizen. In 2018, Forbes placed her name on 81st line of the most influential women in the world. In this list Denise Coates found herself in the company of Angels Merkel, Theresa May and Queen Elizabeth II.
Denise Coates owns 50% of Bet365.
Denise Coates is the founder and permanent head of Bet365 online betting company. She owns half of Britain’s largest bettor and the other half is owned by her brother John Coates. Father Denise and John had their own betting business, but young people decided to develop a new direction – online betting.
In 2000 Denise bought the domain Bet365.com and a year later launched her own website. At first things were not going too well and Coates tried to develop a parallel ground network of betting offices, but by 2005, fully focused on the Internet. Now the company’s turnover reaches 56 billion dollars, and Bet365 employs over 2.5 thousand people. Denise herself paid $280 million a year in 2018, making her the highest paid CEO in the UK.
Not much is known about Denise Coates’ personal life. During the establishment of the business, the woman devoted all her time to work. However, this did not prevent her from getting married, having one child and bringing up four more.
Age: 45 years
Condition: $4.5 billion
Place in Forbes 2019: 424
Source of income: PokerStars Poker Room
Mark Sheinberg is the representative of the young generation of millionaires who have earned their capital on online technologies. In 2017, he was ranked 55th in the list of the richest people in this field, and in the overall Forbes ranking he is 424th.
Online poker from Mark Sheinberg.
The future billionaire was born in 1973 in Israel. His parents were emigrants from the USSR. Mark’s father worked for IBM, which allowed him to move his family to Canada. In 2001, a young man together with his father founded PokerStars, an Internet platform that differs from other similar projects by its simple interface and the ability to bet on real money.
Sheinberg attracted an audience of Internet users from among the ardent fans of poker by non-standard moves. In 2002, he hosted the WCOOP Live World Poker Championship online and agreed with the World Series of Poker to launch a competition where the winners could participate in WSOP.
Father and son worked together to bring online poker to a new level of development and ignite the demand for online poker. By gaining an impressive client base, they began earning money not only from cache games and tournaments, but also from online advertising. In 2014, Mark Sheinberg sold his stake in PokerStars to Amaya Gaming, earning over $3 billion. He now owns a stake in the cruise company Ritz-Carlton Yacht Collection, and is involved in the hotel business and construction.