How Much Do Casino Owners Make
Alright, there was a big headline this past weekend when Darren Rovell of Action Network put out a piece that said the NFL disbursed $8.78 billion in revenue to its clubs from the money it made last year. Per usual, there was a little bit of Twitterati outrage. “How much money went to the players?!” “Owners are obviously greedy and not paying players what they deserve” — the paying the players what they deserve may be true, but I’m getting to the point shortly. “This is what’s wrong with football!” Now to the point: that number is what was negotiated in the CBA. If the owners and teams had $8.78 billion disbursed it means that players are getting around $8 billion. Let me explain.
See, in the CBA, the owners get 52 percent of football-related income, while the players get about 48 percent. Argue with the split all you want, but that’s the deal they’ve been playing under since 2011. Using a handy-dandy internet percentage calculator, it means that the total revenue was around $16 billion and closer to $17 billion. That is a whole lot of money, but let’s not pretend the owners getting the $8.78 billion was one-sided. The players got what they negotiated for in the CBA. That’s the deal, and we can argue whether it’s good or bad, but that’s the deal.
The money is mostly fueled by the NFL’s television rights deals. It also factors in online purchases and other things the NFL does to license its IP and make money. The $8 billion number was landed on because the Packers have to file how much money is disbursed. It’s pretty transparent in all honestly. This is how much money the Packers get and under revenue sharing, this is how much money the league makes.
Now, teams are making much more money than what is disbursed by the NFL. Teams can make more money on suites. They can make more money on exclusive partnerships. If the team owns their stadium or parking lot, they can create more revenue that’s technically not football related. The NFL owners are very good businessmen. They can squeeze money water from a money stone. Yes, that’s how good they are. They can make money on things that don’t even exist.
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The NFL has bigger goals. It wants to hit $25 billion in revenue. That will be much easier once all their TV deals run out in 2021.
Average Casino Profit
Gambling business brings casino owners and other market participants the huge income. Although, gambling is banned in many parts of the world, people adore playing free casino games and spending money on it. Successful players always follow casino gambling tips and master their skills in order to win.
There are many famous poker players, who participate into thousands of tournaments hitting more and more winnings with each game. Their names are frequently met at lists of the richest players and they can also be found at the pages of most popular newspapers. Number of blackjack players is also huge, but they are no so famous as poker players (with the exception of those who play both of the games). There are also many baccarat and roulette players but still the most famous and popular casino 'stars' are the casino owners. There are many competitors in the gambling business but we consider the most influential and the richest casino owners in the whole world.
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Donald Trump
This businessman is worldwide known and his name has become a brand. The Trump casinos in Las Vegas are popular and known around the globe. Donald Trump started his career in real estate business as his father was the rich real estate developer. Donald was successful in this business and started selling the company's name.
Nowadays, Donald Trump owns lots of financial buildings, hotels, casinos and even Boeing 727.
Stanley Ho
Stanley Ho is one of the richest men in Macau as well as in the world. His business network is worth of almost $ 7 billion and he is considered to be the strong competitor and father of Macau gambling business.
Stanley Ho started his business during the World War II. Nowadays he is engaged in real estate, shipping, banking, air transport and of course in casino industry. Stanley Ho has actually brought gambling to Macau.
Steve Wynn
Steve Wynn is also known as the king of Las Vegas and he deserves this 'name'. In the late 90th Steve Wynn brought new and refurbished casinos in Vegas including the most famous casino in the world, the Bellagio. Wynn's business network worth $1.3 billion, moreover, his own company, called Wynn Resorts Limited has the share of Bill Gates.
How Do Casinos Profit
Steve Wynn renovated and built new property all over the world and then sold them. He is quick-witted and businesslike. He owns many casinos in Vegas and Macau.
Kirk Kerkorian
Kirk Kerkorian is 92 years old famous casino owner. He is considered to be one of the most influential people in Las Vegas history. Kirk's business is worth around $11 billion. He owns shares in different industries, for example, car companies, investment groups and movie studios.
Sheldon Adelson
Sheldon Adelson is one of the most influential billionaire in the world. His business net is estimated $15 billion. Sheldon is 76 years old and he is the Chief Executive Officer of the Las Vegas Sands Corp. that operates the most famous The Venetian casino as well as the Sands Expo.