Bally's is a holding company. Through its subsidiaries, Co. is a global gaming, hospitality and entertainment company with a portfolio of casinos and resorts and online gaming businesses. Co. provides its customers with physical and interactive entertainment and gaming experiences, including casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports and free-to-play games (F2P). Co. owns and manages several land-based casinos and a horse racetrack across the U.S. operating under Bally's brand. Co.'s iCasino and online bingo platforms and games content, sportsbook and F2P games are provided on a business-to-business as well as a business-to-consumer basis. We show 8 historical shares outstanding datapoints in our BALY shares outstanding history coverage, used to compute BALY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BALY market cap history over the course of time is important for investors
interested in comparing BALY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BALY versus a peer is one thing; comparing
BALY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BALY can fluctuate over the course of history.
With this page we aim to empower investors researching BALY by allowing them to research the BALY market cap history. |
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Video: The Importance of Market Cap
