These are the ten most profitable businesses in Nevada

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Nevada’s economy relies heavily on tourism, especially gambling and resorts. However, the state is also a major producer of mercury, gold and silver. Other minerals mined in the state include petroleum, diatomaceous earth, and more. Besides tourism and minerals, Nevada is also known for manufacturing gaming machines and products, seismic monitoring equipment, aerospace equipment, and lawn and garden irrigation devices. Let’s take a look at the 10 Most Profitable Businesses in Nevada.

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Ten Most Profitable Businesses in Nevada

We used the latest available net income figures to rank the 10 Most Profitable Businesses in Nevada. For our list, we only considered public companies. These are the 10 most profitable businesses in Nevada.

  1. Rimini Street (> $ 12 million)

Founded in 2005, this company provides enterprise software support products and services. Shares of Rimini Street Inc (NASDAQ: RMNI) have risen more than 60% since the start of the year, but are down more than 25% last month. The company reported sales of over $ 326 million in 2020, up from over $ 281 million in 2019. Rimini Street employs over 1,400 people and is headquartered in Las Vegas.

  1. Change (> $ 15 million)

Founded in 2000, this company deals with technological infrastructures and specializes in the development of digital platforms. Shares of Switch Inc (NYSE: SWCH) have risen more than 45% year-to-date, but are down more than 3% in the past month. The company reported sales of over $ 511 million in 2020, up from over $ 462 million in 2019. Switch employs over 700 people and is headquartered in Las Vegas.

  1. MGM Growth Properties (> $ 76 million)

Founded in 2015, MGM Growth Properties is a real estate investment trust that acquires, owns and leases entertainment and leisure complexes. Shares of MGM Growth Properties LLC (NYSE: MGP) are up more than 20% year-to-date, but are down more than 4% last month. The company reported sales of over $ 792 million in 2020, up from over $ 897 million in 2019. MGM Growth Properties is headquartered in Las Vegas.

  1. Caesars Entertainment (> $ 80 million)

Founded in 1937, this company operates casinos and resorts under the Eldorado, Caesars, Harrah’s and Horseshoe brands. Shares of Caesars Entertainment Inc (NASDAQ: CZR) have risen more than 40% since the start of the year, but are down more than 6% last month. The company reported sales of more than $ 3.4 billion in 2020, up from more than $ 2.5 billion in 2019. Caesars Entertainment employs more than 15,000 people and is headquartered in Reno.

  1. Wynn Resorts (> $ 120 million)

Founded in 2002, Wynn is a holding company that designs, develops and operates destination resorts. Shares of Wynn Resorts, Limited (NASDAQ: WYNN) are down more than 16% year-to-date, but are up more than 3% last month. The company reported sales of more than $ 2.1 billion in 2020, up from more than $ 6.6 billion in 2019. Wynn Resorts employs more than 30,000 people and is headquartered in Las Vegas.

  1. Boyd Gaming (> $ 157 million)

Founded in 1975, this company manages and operates gaming and entertainment properties. It has the following business lines: Midwest & South, Las Vegas Locals and Downtown Las Vegas. Shares of Boyd Gaming Corporation (NYSE: BYD) have risen more than 40% since the start of the year, but are down more than 6% last month. The company reported sales of more than $ 2.18 billion in 2020, up from more than $ 3.3 billion in 2019. Boyd Gaming employs more than 24,000 people and is headquartered in Las Vegas.

  1. Southwest Gas Holdings (> $ 213 million)

Founded in 1931, this company deals with the energy sector and includes the following business lines: natural gas development and utility infrastructure services. Shares of Southwest Gas Holdings Inc (NYSE: SWX) have risen more than 14% year-to-date and nearly 1% last month. The company reported sales of more than $ 3.3 billion in 2020, up from more than $ 3.12 billion in 2019. Southwest Gas Holdings employs more than 8,000 people and is headquartered in Las Vegas.

  1. Amerco (> $ 370 million)

Founded in 1945, this company operates in the areas of insurance, moving and warehousing operations. Amerco (NASDAQ: UHAL) shares have risen more than 60% since the start of the year and nearly 1% in the past month. The company reported sales of over $ 4.5 billion in 2020, up from over $ 3.9 billion in 2019. Amerco employs over 21,000 people and is headquartered in Reno.

  1. MGM Resorts International (> $ 2.049 billion)

Founded in 1986, this company owns and operates casino complexes that provide gaming, entertainment, restaurants, hotels, conventions and other amenities. Shares of MGM Resorts International (NYSE: MGM) have risen more than 40% year-to-date and more than 14% in the past month. The company reported sales of more than $ 5.1 billion in 2020, up from more than $ 12.9 billion in 2019. MGM Resorts employs more than 70,000 people and is headquartered in Las Vegas.

  1. Las Vegas Sands (> $ 2.698 billion)

Founded in 2004, this company develops destination properties and covers the following geographic segments: United States, Macau and Singapore. The shares of Las Vegas Sands Corp. (NYSE: LVS) are down more than 30% year-to-date and nearly 1% in the past month. The company reported sales of more than $ 3.1 billion in 2020, up from more than $ 13.74 billion in 2019. Las Vegas Sands employs more than 45,000 people and is headquartered in Las Vegas.


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