Caesars Interactive Entertainment, Inc, responsible for Caesars Online Casino, recently joined the thriving New Jersey iGaming scene. Caesars Interactive Entertainment, Inc is one of the biggest, most successful social, mobile, and online gaming companies in the United States. The company operates as a subsidiary of Caesars Entertainment. Formerly known as Eldorado Resorts, Inc., Caesars Entertainment was founded in 1996 in Reno, Nevada.
As of today, the company operates over fifty properties, including Bally’s Las Vegas, Circus Circus Reno, Eldorado Reno, Harrah’s Hoosier Park, Isle Casino Bettendorf, Isle Casino Waterloo, Flamingo Las Vegas, The Cromwell, Silver Legacy Reno, and Planet Hollywood Las Vegas. Eldorado Resorts acquired the company in 2020. Caesars Entertainment is publicly traded on the Nasdaq Stock Market under the CZR name.
Caesars Entertainment Market Cap and Other Info
Caesars Entertainment is the sixth biggest gambling company in the world, with a market cap of $10.84 billion. The companies that also appear on this list are MGM Resorts International with a market cap of $14.78 billion, Las Vegas Sands with a market cap of $26.71 billion, Evolution Gaming with a market cap of $21.98 billion, Aristocrat with a market cap of $16.39 billion, and Flutter Entertainment with a market cap of $20.05 billion.
Other high-valued gambling companies in market capitalization are Melco Resorts and Entertainment, PlayAGS, Full House Resorts, Rush Street Interactive, Accel Entertainment, Skycity Entertainment Group, Golden Entertainment, and Bally’s Corporation, Everi Holdings, Kindred Group, and Penn National Gaming.
If you are thinking about joining Caesars Sportsbook and Casino, make sure you first check out thegruelingtruth.com and its review on the gaming venue. Caesars Casino and Sportsbook legally operates in the states of Michigan and New Jersey. Aside from a vibrant gaming library, the casino and sportsbook have an outstanding rewards program, an incredible welcome bonus, and loads of other perks and benefits for both newcomers and already registered players.
Caesars Entertainment on the Nasdaq Stock Market
As of the 3rd of June, to buy one Caesars Entertainment stock, you need to invest $50.60. The stock price dropped from $51.50 to $50.60 in less than twenty-four hours. In the last five days, the company’s stocks were valued the most on the 27th of May ($52.21). In the previous thirty days, the stocks’ value dropped from $62.95 recorded on the 5th of May to $50.60. In the same period, the company’s stocks’ value lost on the 24th of May ($43.14).
In the last six months, the company’s stocks were valued the most on the 27th of December 2021 ($94.15). During the previous twelve months, the company’s stocks were valued the most on the 1st of October 2021 ($119.49). As of today, Caesars Entertainment is the sixth most valuable gambling company by market capitalization, as detailed in this report by companiesmarketcap.com.
Since the last financial report, the company’s shares have lost around 24.4% of their value. The company’s financial statement also reveals significant losses in gross revenues, which does not come as a surprise considering that all the different Covid-19 restrictions were in place. While this may not seem like an outstanding stock to buy in terms of returns, things are likely looking up for Caesars.
By all accounts, things are looking much better today, and the company’s officials expect to see the shares’ price reaching $120.07 in the following twelve months.