Marina Bay Sands Leads, FanDuel, Wynn Also Among Most Valuable Gaming Brands

Posted on: February 9, 2024, 03:56h. 

Last updated on: February 9, 2024, 04:06h.

Todd Shriber @etfgodfather Read More

Expertise: Financial, Gaming Business, Mergers and Acquisitions.

Las Vegas Sands’ Marina Bay Sands was named the world’s most valuable gaming brand in a survey released last month by Brand Finance. The initial rankings were of roughly 500 global brands across a variety of industries.

Brand Finance recently released industry-specific rankings of brand value, giving companies, consumers, and investors a sense of some of the other valuable gaming marks. After Marina Bay Sands, the top five are rounded out by FanDuel, Genting, DraftKings, and Wynn Resorts.

Brand Finance’s top 10 most valuable gaming brands are rounded out by Bet365, Penn Entertainment, Caesars-owned Harrah’s, Caesars Entertainment, and Galaxy Entertainment. Galaxy is the second-largest Macau operator behind Sands China.

DraftKings Fastest-Growing Brand

In the US, FanDuel and DraftKings control what’s essentially a sports wagering duopoly. As highlighted by the operators’ rankings in brand value, that’s conducive to success in terms of fostering increased brand awareness. Prolific advertising and reach into almost all of the states that have competitive mobile betting markets are among the factors driving staggering growth in DraftKings’ brand awareness.

DraftKings has emerged as the fastest-growing brand in the gambling industry, more than doubling in brand value to USD3.2 billion and leaping from 13th to 4th position in the brand ranking,” noted Brand Finance. “Brand Finance research indicated a substantial increase in both consideration and familiarity for DraftKings, in parallel to the company’s reports of strong revenue growth.”

Based on brand value growth, Caesars is another operator that stands out.

“Caesars is the 2024 brand growth success story, with a brand value up 68% to reach USD2.2 billion, taking the 7^th spot in the rankings (up from 16^th last year),” added the research firm. “With all Caesars properties now operating in a post-COVID environment, Brand Finance research has found that Caesars’ brand strength has been boosted by marked increases in brand familiarity and consideration, elements that directly impact consumer choice and loyalty, contributing to the brand’s overall strength and market position.”

Brand Strength Important, Too

Brand strength and value are different concepts, but one can beget the other. As such, Brand Finance ranked gaming brands based on strength in addition to value.

Rounding out the top-10 strongest gaming brands, Wynn paced ahead of FanDuel and those two were followed by Harrah’s, SkyBet, and Sands China’s Venetian Macau.