The global gambling industry is worth vast amounts of money. According to reports from the Business Research Company, the industry is expected to be worth around $565.4 billion by the end of 2022.
Given the amount of wealth in the industry, it's hardly surprising that its CEOs are well-rewarded. Some of them are also well-known. Here are five of the biggest name CEOs in the world of gambling.
54-year-old Nigel Birrell has been the CEO of Lottoland since May 2014. The company is well-respected in the industry, for the quality of experience it provides. It has grown to be one of the biggest online lotto providers globally, employing more than 350 people and operating in thirteen separate markets. Main office is in Gibraltar as listed in the data table here.
Denise Coates has made billions as the CEO of Bet365. She is the daughter of Peter Coates, chairman of Stoke City F.C. who is a co-founder of Bet365. Coates is one of the biggest earners in the UK with an estimated annual salary of £323 million. Overall, she has a net worth of around $12.2 billion.
Itai Pazner has been with 888 for more than 17 years. He was Chief Operating Officer at the company from October 2017 until he was awarded the role of CEO in January 2019. Over the years, Pazner has also undertaken the role of Senior Vice President ('SVP') of the Group's B2C Division. This means that he has considerable experience in the industry and has been instrumental in strengthening the 888 brand.
Playtech is one of the premier providers of online casino software in the world. The company first made Mor Weizer CEO back in 2007. Prior to his appointment, he had gained considerable experience in gambling and technology. He had also gained financial acumen while working as a financial consultant for PricewaterhouseCoopers. Weizer also took on previous roles at Playtech including being CEO of Playtech subsidiary Techplay Marketing Ltd.
Sheldon Adelson is a famous business magnate, investor and philanthropist from the US. He is the founder, chairman and CEO of Las Vegas Sands Corporation. Sheldon is recorded as being the highest-paid CEO in the industry. He is listed by Forbes as having a fortune of around US$37.7 billion. This puts him in the top 30 of the richest people in the world.
These CEOs are famous both within the gambling industry and across the global business world. They have all put their business and commercial acumen to good use, as well as their knowledge of the gambling arena. As a result of their skills, they have helped to increase the strength of their individual brands and have been well-rewarded for their efforts. It will be interesting to see whether these five maintain their power base in the future and which other CEOs will rise to the top in the industry.