{"id":310233,"date":"2024-02-09T15:56:43","date_gmt":"2024-02-09T21:56:43","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=310233"},"modified":"2024-02-09T16:06:33","modified_gmt":"2024-02-09T22:06:33","slug":"draftkings-fanduel-wynn-among-most-valuable-gaming-brands","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/","title":{"rendered":"Marina Bay Sands Leads, FanDuel, Wynn Also Among Most Valuable Gaming Brands"},"content":{"rendered":"

Las Vegas Sands\u2019 Marina Bay Sands was named the world\u2019s 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.<\/p>\n

\"DraftKings
A DraftKings advertisement featuring former Boston Bruin star Zdeno Chara is seen outside Fenway Park in Boston. DraftKings is one of the most valuable, fastest-growing gaming bands. (Image: AP<\/em>)<\/figcaption><\/figure>\n

Brand Finance recently released industry-specific rankings of brand value<\/a>, 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.<\/p>\n

\n

FanDuel and DraftKings are the two largest online sportsbook operators in the US and boast combined brand value of $8.8 billion, according to Brand Finance. The former is a unit of Ireland-based Flutter Entertainment<\/a>. Genting is a sprawling industrial conglomerate that includes significant casino gaming exposure. Its holdings in the industry include Resorts World Sentosa, the only competitor in Singapore to Marina Bay Sands, Resorts World Las Vegas, and gaming venues in New York.<\/p>\n<\/div>\n

Brand Finance\u2019s top 10 most valuable gaming brands are rounded out by Bet365, Penn Entertainment, Caesars-owned Harrah\u2019s, Caesars Entertainment, and Galaxy Entertainment. Galaxy is the second-largest Macau operator behind Sands China.<\/p>\n

DraftKings Fastest-Growing Brand<\/h2>\n

In the US, FanDuel and DraftKings control what\u2019s essentially a sports wagering duopoly. As highlighted by the operators\u2019 rankings in brand value, that\u2019s conducive to success in terms of fostering increased brand awareness. Prolific advertising<\/a> 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.<\/p>\n

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,\u201d noted Brand Finance. \u201cBrand Finance research indicated a substantial increase in both consideration and familiarity for DraftKings, in parallel to the company\u2019s reports of strong revenue growth.\u201d<\/p><\/blockquote>\n

Based on brand value growth, Caesars is another operator that stands out.<\/p>\n

\u201cCaesars is the 2024 brand growth success story, with a brand value up 68% to reach USD2.2 billion, taking the 7th<\/sup> spot in the rankings (up from 16th<\/sup> last year),\u201d added the research firm. \u201cWith 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\u2019s overall strength and market position.\u201d<\/p>\n

Brand Strength Important, Too<\/h2>\n

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.<\/p>\n

\n

For this year, Marina Bay Sands ranked as the strongest gaming brand followed by Bet365. Genting, MGM Grand, and Caesars filled out the top five. MGM Resorts International uses the MGM Grand designation on several of its US casino hotels.<\/p>\n<\/div>\n

Rounding out the top-10 strongest gaming brands, Wynn paced ahead of FanDuel and those two were followed by Harrah\u2019s, SkyBet, and Sands China\u2019s Venetian Macau.<\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands\u2019 Marina Bay Sands was named the world\u2019s 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 […]<\/p>\n","protected":false},"author":46,"featured_media":302620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10,33810,1074],"tags":[81913,81903,81898,80968],"acf":[],"yoast_head":"\nDraftKings, FanDuel, Wynn Among Most Valuable Gaming Brands<\/title>\n<meta name=\"description\" content=\"Marina Bay Sands Leads, FanDuel, Wynn Also Among Most Valuable Gaming Brands.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DraftKings, FanDuel, Wynn Among Most Valuable Gaming Brands\" \/>\n<meta property=\"og:description\" content=\"Marina Bay Sands Leads, FanDuel, Wynn Also Among Most Valuable Gaming Brands.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-09T21:56:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T22:06:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/GDY7EVJ32ZFG7KSDGBAKQMAT54.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/\",\"url\":\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/\",\"name\":\"DraftKings, FanDuel, Wynn Among Most Valuable Gaming Brands\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/GDY7EVJ32ZFG7KSDGBAKQMAT54.jpg\",\"datePublished\":\"2024-02-09T21:56:43+00:00\",\"dateModified\":\"2024-02-09T22:06:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Marina Bay Sands Leads, FanDuel, Wynn Also Among Most Valuable Gaming Brands.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/draftkings-fanduel-wynn-among-most-valuable-gaming-brands\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/GDY7EVJ32ZFG7KSDGBAKQMAT54.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/12\/GDY7EVJ32ZFG7KSDGBAKQMAT54.jpg\",\"width\":1200,\"height\":800,\"caption\":\"A DraftKings advertisement featuring former Boston Bruin star Zdeno Chara is seen outside Fenway Park in Boston. 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