Gambling
Conduct Screen Harmful Products
Companies that operate casinos, sportsbooks, online gambling platforms, lottery systems, or derive significant revenue from gambling operations. Includes gambling technology providers whose primary customers are gambling operators.
23 companies currently excluded under this screen
Excluded Companies (23 total)
Showing 23 of 23 companies excluded under this screen.
| Ticker | Company | Reason |
|---|---|---|
| GENI | Genius Sports Ltd | Genius Sports Ltd is a sports betting technology company whose primary business is providing data, technology, and services to the global gambling industry. The company supplies official data feeds, trading services, and integrity monitoring to licensed sportsbook operators and state lottery systems. Its revenue is derived almost entirely from gambling operators, with its services enabling real-time betting markets and online gambling platforms. The company has been involved in litigation highlighting its central role in the competitive dynamics of the sports betting data market. In March 2025, Panda Interactive filed an antitrust lawsuit against Genius Sports and Sportradar, alleging anti-competitive practices. A separate patent infringement lawsuit filed by SportsCastr Inc. was noted in court documents, though the specific claims and status are not detailed in available sources. These legal disputes underscore the company’s position as a key infrastructure provider in a high-stakes, litigation-prone sector. As a core technology supplier to gambling operators, Genius Sports’ business model is inextricably linked to the expansion and operation of legal and regulated gambling markets worldwide. |
| LVS | Las Vegas Sands Corp. | Las Vegas Sands Corp. is a global leader in casino and integrated resort operations, deriving the vast majority of its revenue from gambling activities. In 2025, its casino operations generated $2.42 billion, accounting for the bulk of its earnings. The company operates major properties in Macao and Singapore, including The Venetian and Marina Bay Sands, and is recognized as the world's largest casino operator. The company has a documented history of regulatory violations related to its core gambling business. In 2017, Las Vegas Sands paid a $6.96 million penalty pursuant to a non-prosecution agreement with the U.S. Department of Justice for anti-money laundering deficiencies. This followed a 2013 settlement where the company returned over $47 million to resolve a money laundering investigation involving high-roller accounts at The Venetian. Good Jobs First's ViolationTracker documents these and other penalties, including a $2 million fine for a gambling industry violation. While the company announced the closure of its digital gaming division in late 2025, it continues to invest heavily in and derive its primary revenue from physical casino gambling and sports betting operations. |
| DDI | DoubleDown Interactive Co Ltd | DoubleDown Interactive Co., Ltd. operates two core businesses: social casino games and real-money iGaming. Its primary revenue is derived from gambling operations, including its DoubleDown Casino social games and its real-money online casino and sports betting platform, SuprNation. The company reported revenue of $95.8 million for Q4 2025, with its growth strategy focused on expanding its iGaming segment. In 2023, DoubleDown Interactive agreed to a $415 million class action lawsuit settlement to resolve claims that its social casino games violated Washington state gambling laws and consumer protection provisions. The lawsuit alleged the company’s games constituted illegal gambling. This settlement, one of the largest of its kind, followed a separate 2016 proposed class-action suit in Illinois that made similar allegations regarding the company's online casino games. The company continues to develop and market its gambling products, positioning itself in competition with other major online gambling operators like DraftKings. Its business model is fundamentally tied to revenue from gambling activities, whether through social casino mechanics or real-money wagering. |
| SGMS | SCIENTIFIC GAMES CORP | Scientific Games Corporation, now operating as Light & Wonder, is a global gaming company that derives its revenue from the design, manufacture, and distribution of gambling products and services. Its core business includes supplying slot machines, casino management systems, and table games to land-based casinos, as well as providing content and platforms for online casino and iGaming markets. The company's operations are central to the global gambling industry. In August 2018, a U.S. jury ordered Scientific Games to pay $315 million in an antitrust case. The verdict found the company had engaged in anticompetitive conduct related to its gambling products, specifically in the market for instant lottery games. This legal finding underscores the company's entrenched role in the gambling ecosystem. The company has undergone a strategic refocusing, selling its lottery and sports betting divisions to concentrate on its casino gaming business. This shift emphasizes its ongoing and primary commitment to serving the casino gambling sector, rather than representing a move away from gambling-related activities altogether. |
| DKNG | Draftkings | DraftKings operates one of the largest online sports betting and iGaming platforms in the United States, generating billions in annual revenue from gambling activities. The company reported $4.77 billion in revenue for 2024, with its sportsbook segment alone accounting for approximately 52% of its total revenue. It holds a solid second-place share in the U.S. sportsbook market. The company has been subject to regulatory penalties and lawsuits related to its gambling operations. In 2023, Crown NJ Gaming, Inc., doing business as DraftKings, was fined by the New Jersey Division of Gaming Enforcement. A 2024 class-action lawsuit filed in New York alleges the company uses deceptive practices, including misleading “risk-free” bet promotions. The U.S. Securities and Exchange Commission also ordered DraftKings to pay a $200,000 penalty in 2024 for selectively disclosing material non-public information. A separate lawsuit investigation in 2026 centers on allegations that the company’s app design and marketing practices contribute to online gambling addiction. |
| GLPI | Gaming and Leisure Properties Inc | Gaming and Leisure Properties Inc. is a real estate investment trust (REIT) whose entire business model is built on owning and leasing properties to gambling operators. The company’s portfolio consists of casino and gaming-related real estate assets across the United States. Its tenants include major regional casino operators, and its revenue is derived entirely from lease payments tied to gambling operations. With a market capitalization exceeding $12 billion, GLPI is a dominant landlord in the gaming real estate sector. The company actively expands its portfolio through acquisitions of gambling facilities. In February 2026, GLPI announced the acquisition of real estate assets, including a casino and racetrack, for $183.75 million. This follows a pattern of growth through sale-leaseback transactions and financing commitments with casino operators. While the company promotes responsible gaming as a core value on its website, its financial success is inextricably linked to the revenue generated from gambling activities at its properties. |
| WYNN | Wynn Resorts, Limited | Wynn Resorts operates large-scale casino resorts in Las Vegas (Wynn Las Vegas, Encore), Macau (Wynn Macau, Wynn Palace), and Boston (Encore Boston Harbor). The company reported $7.13 billion in total revenue for fiscal 2024, with casino operations contributing approximately $4.3 billion (60% of revenue), up 14.6% year-over-year. Wynn Resorts holds gaming licenses in Nevada, Massachusetts, and Macau SAR. The company has faced repeated regulatory action tied to its founder Steve Wynn. The Massachusetts Gaming Commission fined Wynn Resorts $35.5 million in 2019 for failing to disclose sexual misconduct allegations against Steve Wynn during its license application. Nevada fined Wynn Resorts $20 million in 2019 for failure to investigate misconduct complaints. Steve Wynn personally paid a $10 million fine in 2023 and was permanently barred from Nevada gaming. In 2025, Wynn Las Vegas forfeited $130 million to the DOJ and paid a $5.5 million Nevada fine for facilitating unlicensed money transfers to foreign gamblers. |
| FLUT | FLUTTER ENTERTAINMENT PLC | Flutter Entertainment plc is the world's largest online sports betting and iGaming operator by revenue, generating $14.048 billion annually. Its portfolio includes major gambling brands such as FanDuel in the United States, PokerStars, Betfair, Paddy Power, and Sky Bet. The company's core business model is the operation of online gambling platforms across multiple international markets. Regulatory bodies have documented repeated compliance failures by Flutter's subsidiaries. In December 2025, the UK Gambling Commission fined Flutter-owned brands Paddy Power and Betfair £2 million ($2.7 million) for social responsibility and money laundering failures. In a separate action, the Commission fined the company £490,000 for mistakenly sending promotional push notifications to devices linked to self-excluded customers. A February 2025 UK High Court ruling found that Flutter's Sky Betting & Gaming subsidiary had engaged in years of tracking and targeted marketing that violated data protection laws. |
| LNW | Light & Wonder Inc | Light & Wonder Inc. is a leading global gaming equipment manufacturer and technology provider whose core business is supplying the gambling industry. The company designs, manufactures, and distributes physical slot machines, casino management systems, and iGaming content and platforms. Its primary customers are casino operators, and its reported gaming segment revenue was $2.18 billion for the most recent fiscal year, constituting the vast majority of its total sales. The company’s operations are directly tied to gambling legalization trends, as noted in industry analysis highlighting its strategic focus on expanding its market share as U.S. states continue to legalize real-money gaming. Light & Wonder has also been cited for gambling industry violations, accumulating $155,000 in related penalties according to ViolationTracker records. Its business model is centered on enabling and profiting from gambling operations worldwide. |
| AESE | Allied Esports | Allied Gaming & Entertainment operates a business centered on esports betting and gambling entertainment. The company, formerly known as Allied Esports Entertainment Inc., generates revenue from proprietary productions and events that facilitate online betting on competitive gaming. Its properties and live events are designed to serve as platforms for gambling activities, including specific tournaments marketed as esports betting opportunities. The company's operations include online events and productions that function as long-term revenue streams from gambling-related activities. This business model is integral to the company, as evidenced by its pivot to online events during the COVID-19 pandemic to sustain its gambling-linked operations. Allied Gaming & Entertainment’s content and events cover various aspects of online betting, positioning the company within the gambling industry. |
| BRSL | Brightstar Lottery PLC | Brightstar Lottery PLC (formerly part of IGT) is a global lottery technology and services company that serves as the primary technology provider to 26 of the 46 U.S. lottery jurisdictions and eight of the world's ten largest lotteries. The company designs, sells, operates, and leases point-of-sale lottery machines, produces instant ticket games, operates lottery transaction processing systems, and provides iLottery digital gambling solutions. Brightstar reported full-year 2025 revenue of $2.51 billion, with Q4 revenues rising 3% to $668 million driven by same-store sales growth from elevated jackpot activity and iLottery expansion. The company serves nearly 90 lottery customers globally and has forecast $2.5-2.55 billion in revenue for FY2026. Lottery operations represent the company's sole business line following its separation into a standalone lottery-focused entity. |
| BYD | Boyd Gaming Corporation | Boyd Gaming Corporation operates 28 casino properties across ten U.S. states (Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania) and manages a tribal casino in northern California. Casino gaming operations including slots, table games, and sports betting are the core business, generating approximately 66% of total revenues in 2024. Online gambling revenues represented an additional 15% of total revenues in 2024, up from 11% in 2023, reflecting the company's expansion into digital gambling. Founded in 1975, Boyd Gaming is one of the largest casino entertainment companies in the United States. The company's revenue is overwhelmingly derived from gambling activities, with non-gaming revenue (food, beverage, hotel) serving primarily as complementary offerings to drive casino floor traffic. |
| ACEL | ACCEL ENTERTAINMENT INC CLASS A | Accel Entertainment is the largest terminal operator of video gambling machines in Illinois, deploying slot machines and video poker terminals in bars, restaurants, truck stops, and veterans' halls across the state. The company's entire business model is built on distributed gambling access, placing gaming terminals in non-casino venues. In June 2023 Accel agreed to pay a $1 million fine plus $125,000 in administrative costs to the Illinois Gaming Board to settle a disciplinary case originally seeking $5 million. The IGB alleged that Accel paid $21,000 in commissions to local business owners through a deal with DraftKings to entice establishments into hosting Accel gambling machines, violating the Illinois Gaming Act's prohibition on such inducements. The case was filed in December 2020 and took over two years to resolve. |
| RRR | Red Rock Resorts, Inc. | Red Rock Resorts operates Station Casinos, the dominant off-Strip locals casino brand in the Las Vegas metropolitan area. The company runs 10 casino properties including Red Rock Casino Resort and Spa, Durango Casino and Resort, Green Valley Ranch, Palace Station, Boulder Station, and Sunset Station. Net revenues from Las Vegas operations reached $1.93 billion in fiscal 2024, up 12.6% year-over-year, with casino operations as the primary revenue driver. The company reported adjusted EBITDA of $879.4 million from Las Vegas operations in 2024. Red Rock posted record quarterly revenue of $526.3 million in Q2 2025, the highest in its 49-year operating history. All revenue is derived from gaming, hotel, food and beverage, and entertainment operations at its casino properties. |
| BBU | Brookfield Business Partners LP | Brookfield Business Partners LP owns and operates lottery systems as a core business activity through its acquisition of Scientific Games' lottery business in 2021. The acquired entity, SG Lottery, provides technology and services to government-run lottery operations across multiple jurisdictions. In November 2025, the company secured a 10-year contract extension to provide lottery tech services in Ohio. The company's gambling operations are not ancillary; they constitute a dedicated business segment within its diversified portfolio. While specific revenue figures for the lottery segment are not disclosed in the gathered evidence, the acquisition and subsequent long-term contract extensions demonstrate a strategic commitment to the gambling industry. |
| MGM | MGM Resorts International | MGM Resorts International is the world's largest casino company by revenue ($17.5B in 2025). Casino gaming is the primary revenue driver at over $8B annually across 13+ properties (Bellagio, MGM Grand, Mandalay Bay, Borgata, BetMGM online). Court records document aggressive VIP exploitation: in Antar v. MGM, a known gambling addict placed $30M in bets over 100,000 wagers in nine months while receiving 1,800+ texts from VIP handlers offering bonuses. Third Circuit ruled MGM has "no duty of care" toward compulsive gamblers under NJ law. Revenue model structurally depends on problem gambling. |
| SRAD | Sportradar Group AG | Sportradar Group AG is a global sports technology company whose core business is providing data, odds, and trading services to the sports betting industry. The company organizes its revenue into two major groupings, with "Betting" being the primary segment. Sportradar describes itself as "the only independent end-to-end betting and gaming provider," offering a full suite of products for gambling operators, including live odds, risk management, and a portfolio of casino and iGaming content such as slots and virtual sports. |
| GDEN | Golden Entertainment, Inc. | Golden Entertainment operates casinos including The STRAT Hotel, Casino & SkyPod in Las Vegas and the Aquarius Casino Resort in Laughlin, Nevada, along with over 70 PT's neighborhood taverns equipped with slot machines across the state. The company's core business is gambling operations encompassing slot machines, table games, and sports betting. Golden Entertainment sold its distributed gaming (slot route) operations in 2024 for $322.5 million to focus on its owned casino and tavern properties. |
| RSI | RUSH STREET INTERACTIVE INC CLASS | Rush Street Interactive, Inc. is a leading online gaming and sports entertainment company whose core business is operating real-money online casino gaming and sports betting platforms. The company operates primarily through its BetRivers and PlaySugarHouse brands in North America and its RushBet brand in Latin America. Its proprietary technology platform is designed to support these gambling operations, focusing on regulated markets to capture growth in the expanding online gambling sector. |
| SGHC | Super Group (SGHC) Limited | Super Group (SGHC) Limited is a global online gambling operator, deriving its revenue from its two primary brands: Betway, an online sports betting platform, and Spin, a multi-brand online casino. The company’s core business is providing real-money sports betting and casino games to customers in approximately 20 jurisdictions worldwide. Its corporate identity and investor communications are centered on its role as a leader in the “betting and gaming community.” |
| VICI | VICI Properties Inc. | VICI Properties is a casino-focused net-lease REIT owning 93 experiential assets including Caesars Palace, MGM Grand, and Venetian; 100% of revenues derive from rents paid by casino gaming operators — the REIT's existence is entirely predicated on gambling operations |
| PENN | Penn National Gaming, Inc. | Penn Entertainment (formerly Penn National Gaming) operates 43 casinos and gaming facilities across North America; also operates ESPN Bet (online sports betting) via Disney partnership — gambling operations are the core business |
| CNTY | Century Casinos, Inc. | Operates mid-size regional casinos and slot parlors across North America and Poland, including Nugget Casino Resort (NV), Mountaineer Casino (WV), and multiple CO/MO properties; slot-led floors represent 70-80% of gaming win |
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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