Richest Gambling Company

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© Provided by Tuko 10 richest gaming companies 2020

Video games are a leading source of entertainment today. The entire industry is booming rapidly and becoming even more profitable. Although there are many players involved, only a few game studios have managed to take a leading role in both the popularity of their games and the tremendous amounts of money they have made. These companies generate income mostly from subscriptions and sales of their products. Some of the richest gaming companies worldwide post millions of dollars in profits annually.

Part of being a top gaming company also means making a mark on the entire industry and setting a pace for others to follow. Most of these companies have changed gaming as consumers know it and even made it impossible for many more to join. If you are a new video game studio, you have no choice but to develop something outstanding to compete with the already established giants. But what are some of these richest gaming companies?

Which is the richest video game company 2020?

While there are individual games that have sold millions of units, very few companies can boast of moving millions of games every year. Despite being in an industry where consumer demands shift rapidly, and technology upgrades demand even more improvements in game development, these companies continue to set trends and in turn, generate huge revenues. This is the richest gaming companies list based on their total assets.

1. Microsoft - $285.4 Billion

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Gaming

Source: UGC

Microsoft Corporation is a technology company that develops, manufactures, licenses, supports, and sells consumer electronics, software programmes, and personal computers. It is one of the world’s largest software makers by revenue. Microsoft develops and publishes video games through its gaming division, Xbox Game Studios.

Some of the video games developed by the studio include:

  • Minecraft
  • Cobalt
  • Crimson Dragon

Apart from video games, the Xbox Game Studio has expanded its product line to now include interactive entertainment for Xbox platforms and Windows Mobile. As a corporation, Microsoft is among the richest gaming companies 2020 by assets. It has total assets of $285.4 billion. The Xbox Gaming Revenue in 2018 exceeded $10 billion as a result of having 57 million monthly users.

2. Sony - $208.3 Billion

Sony Corporation is the owner of the biggest video game console in the world, PlayStation. It is also the publisher of top video games that have enjoyed worldwide success among gamers. Sony develops and publishes video games through the Sony Interactive Entertainment Group.

The SIE Group has been developing gaming consoles, accessories, and providing services to gamers. Some of the video games developed and published by the company include:

  • NBA ShootOut
  • Bloodborne
  • The Last of Us

Sony Interactive Entertainment also develops, researches, and sells PlayStation hardware, content, software, and network services. As a corporation, Sony is among the richest famous gaming companies in the world. It has total assets valued at $208.3 billion. The PlayStation Network has 41.5 million subscribers as of March 31, 2020.

3. Activision Blizzard - $19.8 Billion

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Activision Blizzard is a video game holding company founded in 2008. It owns and operates many studios and develops some of the best computer games and simulations for gamers. Through the Blizzard Entertainment division, the company has produced top mobile games such as Candy Crush Saga and many other entertaining video games.

Some of its top entertaining video games of all time include:

  • Call of Duty
  • World of Warcraft
  • Diablo

The company has produced many more titles that have broken records and became part of every gamer’s list. Its interactive software products and entertainment content are available on most gaming consoles. It also has many games developed for the mobile platform. Activision Blizzard has total assets worth $19.8 billion. In early 2018, it became the largest gaming company in terms of market capitalisation and revenue.

4. Nintendo - $17.5 Billion

Nintendo is a video game and consumer electronics company founded in 1889. Through its Nintendo Entertainment Planning and Development Division, the company develops and produces video games, mobile applications, and entertainment software for the gaming industry. It also develops consoles, such as Game Boy, which have been successful among gamers.

Some of the games and franchises developed by Nintendo include:

  • Pokemon
  • Mario
  • Diablo

Nintendo is one of the richest gaming companies in the world. It has total assets of $17.5 billion. Most of its revenues come from engaging in the development, manufacture, and sale of entertainment products.

The company has many console game machines and software available on all gaming platforms. Unlike many companies, Nintendo has a rich legacy in the industry because it has produced some of the most entertaining computer games ever.

5. Electronic Arts - $11.2 Billion

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Source: UGC

Electronic Arts Inc. (EA) is one of the largest gaming companies in the world. Since 1983, it has produced some of the most entertaining and addictive video games known to man. The company engages in providing digital interactive entrainment and develops and delivers video games across various platforms, including PCs, mobile devices, and internet-connected consoles.

Some of the best video games it has produced over the years include:

  • Battlefield 3
  • Need for Speed: Most Wanted
  • FIFA Video Game Series

EA has been developing and publishing video games and services across all genres. Some of these include sports, first-person shooters, simulation, and role-playing. It also licenses its games and provides advertising services. Electronic Arts is one of the wealthiest gaming companies in the world with total assets of $11.2 billion as of 12 May 2020.

6. Bandai Namco - $5.9 Billion

Bandai Namco Entertainment Inc. is a video game developer and publisher formed in 2006. The company produces several video game franchises and is one of the largest computer game publishers in Japan. In addition to being a developer, it owns the licenses of several media franchises, including Naruto. Some of the games it has been developing and publishing over the years include:

  • Dragon Ball
  • Pac-Man
  • Naruto to Boruto: Shinobi Striker

All games developed by the company are available on various platforms, including PlayStation, Xbox, iOS, and Android, among others. Gamers can purchase its video games from its stores or platforms authorised by the company. As of 2020, the company’s total assets are worth $5.9 billion.

Richest gaming company

7. SEGA - $4.42 Billion

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Richest

Source: Getty Images

SEGA Corporation is a video game developer and publisher known for producing prolific arcade video games. It also develops gaming consoles and handled devices for the home consumer. Through the SEGA Development Studios, the company has developed over 500 games and 70 franchises since 1981.

Some of the video games developed and published by the company include:

  • Football Manager
  • Total War
  • Sonic the Hedgehog

SEGA develops top video games and hardware through top studios that include Sports Interactive, The Creative Assembly, Relic Entertainment, and Amplitude Studios. SEGA is part of the Sega Sammy Holdings after merging with the Sammy Corporation in 2004. The corporation has total assets of $4.42 billion as of 2020, with a majority of its revenue coming from the arcade and video games.

8. Konami - $3.663 Billion

Konami Holdings Corporation is one of the largest gambling and entertainment conglomerates in the world. Through its subsidiaries, the company produces and markets gaming software for various video game platforms and systems. In recent times, it has ventured into making esports computers and has a facility and a school for holding esports events and players respectively.

Konami has developed many video games over the years, including:

  • Pro Evolution Soccer
  • Metal Gear Solid
  • Teenage Mutant Ninja Turtles

Most of the games produced by the company encompass various genres, including sports, RPG, and shooter, among others. Konami has total assets worth $3.663 billion as of 30 June 2019. Although the company is in the video game industry, it also operates fitness and health club facilities.

9. Ubisoft - $3.605 Billion

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Source: Getty Images

Ubisoft Entertainment SA is a video game company that publishes games for various franchises. Founded in 1986, the company creates and distributes interactive services and entertainment. It is behind the blockbuster video game, Assassin’s Creed released in 2007 and available as a franchise across gaming platforms. Other games published by the company over the years include:

  • Rayman Legends
  • Far Cry 3
  • Tom Clancy's Rainbow Six Siege

Ubisoft has a reputation for creating original and memorable video games. Most of its games are among the top-rated in the industry. As one of the richest gaming companies in the world, it has total assets of $3.605 billion as of 2020. The company does not only sell video games but also offers subscription services.

10. Square Enix - $2.875 Billion

Square Enix Inc. is a developer, publisher, and distributor of video games. It is best known for making role-playing and fantasy games that have broken worldwide records within the gaming industry. The company has an outstanding portfolio, including creating Final Fantasy which sold over 100 million units worldwide. Other games developed by Square Enix include:

  • Dragon Quest
  • Super Mario RPG
  • Fortune Street

Square Enix is a company dedicated to providing the finest in entertainment to all players. From adventure to fantasy and action, it has video games of all genres available on platforms such as Android, iOS, PlayStation, Xbox, and more. As one of the wealthiest gaming companies in the world, it boasts of total assets worth $2.875 billion as of 2020.

A majority of the richest gaming companies are multinational corporations that have developed and published record-breaking video games. Others have also made a lot of money from selling gaming hardware and utilising the games as a service model. But one thing some of these companies on this list have in common is that they have listings on the stock exchanges in different countries.

Tuko.co.ke recently created a comprehensive biography of one of the most popular female gamers, Pokimane. The Canadian streamer, who is of Moroccan descent, has been a subject to curious viewers who want to know her ethnicity.

Pokimane pointed out that the question about her ethnicity and nationality had been bugging her for quite some time and that’s why she decided to take a DNA test and film the whole experience. Even after confirming her ethnicity, the gamer has continued attracting millions of viewers to her channel where she plays games like Fortnite and League of Legends.

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It has been globally acknowledged that there’s actually a very slim probability of beating the casino or bookies in the long-run. It, therefore, does come as a surprise that there are individuals who have repeatedly beaten the casinos and bookies to become ultimate millionaires.

To regular punters, they understand that winning huge once or twice is not as uncommon. A stroke of good luck once in a while is what keeps us motivated in our gambling quest.

But if it’s a repeated pattern, bagging millions after millions consequently to the point of being banned by most bookies and casinos, well, that’s a whole different story.

These guys are nothing short of legends in the gambling community and are pretty much adored. After all, it’s not every day that we see someone beat the house over and over again; which is most gamblers life-long dream.

Here’s a list of some of the wealthiest gamblers in the world, how they got there, and what they think about gambling.

  • Bill Benter
  • Phil Ivey
  • Zeljko Ranogajec
  • Chris Ferguson
  • Edward Thorp

Bill Benter

Bill Benter is an American professional gambler whose main focus is on horse betting. He is most remembered for his development of analytical computer software for horse racing events. Reportedly, they are among the most successful inventions of analysis computer programs and has earned him close to $1 billion in revenue.

Growing up in Pittsburgh, Pennsylvania, he always wished to use his mathematical talents to make a fortune. So, after getting his physics degree in 1977, he went for the blackjack tables in Las Vegas where he put his skills into test counting cards.

Gaining further inspiration from Edward O. Thorp’s book, Beat the Dealer, he went ahead to perfect his skills. He would seven years later be banned from all Vegas’ strips casinos.

Afterwards, Benter met with another like-minded gambler, Alan Woods, and together they created a mathematical formula for choosing horse race winners. Using the statistical model, Bill Benter could identify factors leading to successful horse race predictions.

He, reportedly, cashes more than a $100 million annually from his gambling expertise and projects.

Born; 1957

Salary; 100 million dollars annually

Gambling Expertise; Black Jack, Horse races

Edward Thorpe

Edward Thorpe is an American maths professor, hedge fund manager, author, and blackjack researcher. Among his big achievements is having pioneered the modern applications of probability theory. He is also a well-known author of the book, Beat the Dealer, which mathematically proves that you could beat the house advantage by card counting.

As off 2020, Edward Thorpe is aged 88 years.

Edward is a maths PhD holder from the University of California (1958), has worked with Massachusetts Institute of Technology (MIT) from years 1958 to 1961, as a mathematics professor at New Mexico State University and University of California, Irvine from 1959 to 1977, and as a maths and finance professor from 1977 to 1982.

With the aid of the IBM 704, Thorp analyzed the game of blackjack to a great extent, while also devising card-counting strategies so as to improve odds. He went as far as inventing the portable computer which he would carry into the casinos. Posing a huge threat, he became banned from the casinos in 1985.

Since the 1960s, he used his knowledge of probability and statistics in the stock markets. By discovering and exploiting prices anomalies in the securities markets, Thorp has raked in a significant fortune.

Born; 1932

Net Worth; 800 million US Dollars

Gaming Expertise; Blackjack, Baccarat, Backgammon

Zeljko Ranogajec

Richest Gaming Company In The World

Zeljko Ranogajec is a professional gambler and businessman hailing from Australia. Aged 6o as of 2020, he is best known for his skills in horse betting, and blackjack among other advantage gambling forms.

It was during his college years studying tax, finance, and banking at the University of Tasmania when he began card counting in Blackjack at casinos. Zeljko later transferred to University of NSW, Sydney but eventually dropped out to concentrate on advantage gambling.

Blackjack professional players have referred to Zeljko as ‘one of the most prolific and innovative advantage players of all time’. Reportedly, he would start bankroll with only several hundred dollars and would walk out a millionaire.

Similar to Bill Benter, Zeljko has also worked with popular gambler Alan Woods in the 1980s deployed for his betting activities on horse races.

Following his prolific blackjack strategies, Zeljko Ranogajec was banned form most Australian Casinos. He is now based in Europe working as a consultant to Newfield Limited, an International racing and sports events company.

Among his other achievements includes being inducted into the Blackjack Hall of Fame in 2011 and winning $7.5 million in Keno.

Born; 1961

Net Worth; 600 Million Dollars

Gaming Expertise; Blackjack, Horse races, Keno

Phil Ivey

Popularly known as the Tiger Woods of poker, Phil Ivey has won 10 World Series of Poker bracelets and a world tour title. He has also appeared in 9 World Poker Tour final tours and was at one time regarded as a best all-around player in the world by numerous poker observers.

He was born in 1977 in Riverside, California, U.S. and currently resides in Las Vegas, Nevada, U.S.

Phil set off perfecting his skills by playing against his co-workers while working in a telemarketing farm in New Jersey in the late1990s and later using a fake ID to play poker while at Atlantic City, New Jersey. The latter would birth one of his nicknames, ‘No Home Jerome’.

Richest Gaming Company

In 2002, Ivey would earn another nickname, ‘The Phenom’ after he won three world series of poker bracelets in that year.

Following his prominence winning poker tournaments, his skills attracted some of the richest men eager to challenge him in cash games. In 2006, Phil played Texas Hold’em against Andy Beal, a Texan billionaire, and won over $16M in a 3-day span.

Among his other achievements include being named ‘Player Poker of the Year’ by the All In Magazine in 2005 and 2009. He was in 2017 selected to the Poker Hall of Fame.

Born; 1977

Net Worth; 100 Million US Dollars

Gaming Expertise; Poker

Chris Ferguson

Chris Ferguson is a well-renowned American poker player who has won 6 World Series of Poker events. A PhD holder in computer science from UCLA, he is recognized as one of the ‘Full Tilt poker’ founders.

The ‘Full Tilt Poker’ saw Ferguson’s wealth soar to great heights, but later plummeted after he was faced with a scandal. Reportedly, he was sued along with other directors of ‘Full Tilt Poker’ website that they were running a Ponzi scheme that was taking out clients’ money for personal gain.

Born to parents with mathematics doctorate degrees, Chris Ferguson took an interest playing poker from an early age of 10. Once in college, he further improved his skills playing IRC poker online for money in chat rooms. He began playing tournaments in California in 1994, entering his first World Series of Poker in 1995.

Chris Ferguson used his math skills and high game theory knowledge to develop computer simulations to hone his skills. He has a nickname ‘Jesus’ stemming from his long brown hair and beard.

Born; 1963

Net Worth; 80 Million US Dollars

Gaming Expertise; Poker

Final Thoughts

Even if the list is not long, the stories you will hear about wealthy gamblers is how they’ve maintained consistent wins making gambling their main source of income. So it’s a fact that gambling can make someone rich, just not everyone.

To make it as a gambling professional, you’ve to make sure that you are good at focusing on games of skill (such as poker and blackjack) and you’re doing the right thing. On the contrary, if your count is on slots and lotteries to make a fortune, it will be a rough gambling trip.