5 Companies That Could Win Big as the U.S. Legalizes Sports Betting

Posted 1 year ago by Patrick Munuve | posted in Uncategorized | Post RSS 2.0

LONDON, January 17, 2019 /PRNewswire/ —

FN Media Group Presents Safehaven.com Market Commentary
This is the stage in time where Las Vegas is transformed into something that transcends physical boundaries, and we’ve got the U.S. Supreme Court to thank for opening up a massive sports gambling market that-for starters-will probably absorb the $150 billion the American Gambling Association quotes is bet illegally on sports Each Year from the U.S. Mentioned in today’s comment includes: MGM Resorts (NYSE:MGM), Caesars Entertainment (NYSE:CZR), Madison Square Gardens (NYSE:MSG), Penn National Gaming (NASDAQ:PENN), GameHost Inc (OTC:GHIFF)
The beneficiaries are big and varied. Everybody from live in-game betting operators, to casinos, sports clubs and betting app manufacturers are set to cash in their chips .
Some are even speculating that societal media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to go into the sports gambling business because they could easily make the most of their large user bases and infrastructure. However crowded this distance becomes, all bets are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports gambling. Nowadays, many nations are lining up to replicate something similar to the quarter of a billion bucks from sports stakes that New Jersey took in only in October, or even better, the $528 million which Nevada earned in.
So while casino stocks, for example, flopped this year, analysts are expecting outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gaming area indicates, again and again, that should investors pick the right market, the ideal company, at the right time, outsized returns are potential”.
Whether it’s a recognized casino giant angling for fresh flesh, a sports group that sees the green in partnering with all the gambling world, or a savvy small that sneaks into position itself as an end-to-end provider of next-gen gaming solutions…
Here Are Five stocks that can get investors to the game:
#1 MGM Resorts (NYSE:MGM)
The biggest casino operator in the USA, MGM brings in more than $4 billion in revenue just from Las Vegas, but today its angling enormous for sports betting, surrounding it on all fronts.
In no uncertain terms, these guys are constructing a sports betting empire that’s poised to end up trumping their casino operations, as evidenced by their recent partnership deal with Major League Baseball (MLB), which also features in our Top 5 listing. Thus, MGM will be MLB’s official gambling companion, adding to the hotels firm’s sports line-up, which included pro basketball and hockey.
Investors are also watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is one of the biggest sportsbooks operators in Las Vegas, and MGM will finally have access to the internet and mobile gaming platforms-and vice versa-in several 15 nations.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This little-known company boasts the single largest Facebook page at the internet sports business, with 26 million lovers who are sports fanatics. The Bragg Gaming Group is gambling that many of them are ready to pounce on a new sports betting app in the $150-billion marketplace that just opened up.
Bragg is positioning itself as an end-to-end provider of next-generation gaming solutions, transitioning from its traditional technology and AI enterprise. It’s a transformation that is timed specifically to take advantage of the crucial moment for outsized chances in the sports betting market.
They plan on dealing in everything from casinos, e-sports and poker betting, lotteries, B2B/B2C gaming technologies and payment solutions, so Bragg is set to hit the ground running. Its secret weapon is its own GiveMeSport subsidiary, the proud proprietor of this 26-million-strong Facebook sports data page, which defeats even ESPN.
Even better where timing is concerned, they are going to launch their first game to this huge audience. It’s a new program that they’ve been holding back for years, awaiting sports betting to be legalized.
The catalysts are mounting: Bragg has lately acquired Oryx Gaming, a turnkey gaming solutions provider for casino operators that include over 5,000 integrated games, such as from Tier-1 gaming operators. That is when leveraging Data became Bragg (BRAG.V; BKDCF) and got listed on the TSX Stock Exchange.
Bragg is a highly integrated gaming and networking company that leverages its cross merchandise and experiential platform to market its diverse product package. Its sports gambling arm will operate under the GiveMeBet banner, functioning pretty similar to Sky Betting and Gaming, that has been sold to the Stars Group to April this year for #5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M users and perform to market them, starting with sports betting and then moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
Thus, Bragg will own three gaming and media resources: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are proven machines. Since April 2017, Give Me Sport’s UK monthly traffic has risen by 5 million and now exceeds 30M. Revenue has grown by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and also the recently legal sports gambling bonanza is likely to do just that. Casino stocks will be among the largest beneficiaries of the Supreme Court’s May judgment.
And one of the biggest specific catalysts is Caesar’s positioning of itself to obtain access to this wildly lucrative Japanese gaming market, following a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming firms due to the Japanese penchant for gaming, Caesar’s is predicted to soar on this. But not only with this: The place means it’ll automatically have access to other Asian gambling tourists.
The recent quarterly earnings also assisted, together with CZR reporting $.0.03 earnings per share, meeting analyst expectations, with $2.19 billion in revenue for the quarter.
#4 Madison Square Gardens (NYSE:MSG)
As billionaire Dallas Mavericks owner Mark Cuban told CNBC shortly after the Supreme Court judgment on sports gambling in May,”I think everyone who owns a top-four professional sports club just essentially watched the value of their team twice .”
The almost $7-billion market cap MSG, that owns the New York Knicks and the New York Rangers, today seems to be undervalued.
And there are a number of big catalysts here. Longer-term, investors should be looking at the huge market potential for sport streaming and television rights at the moment.
However, the greatest thing on investor radar presently is progress towards spinning off MSG’s sports business, for that it filed its first Form 10 on October 4th. The spin-off would mean that investors can better assess the company’s assets and future potential, as Forbes points out, providing both companies”increased strategic flexibility to pursue their own distinctive business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
Overall, it has been a rollercoaster season for Penn, but the brand new lease on life for sports gambling changes things.
This nearly $2.7-billion market cap casino organization is placing its biggest bet yet using a $3.1-million gamble that the house will win. The price is the largest insider purchase in 15 decades. And it’s all about sports betting. Penn is planning to start sports betting at five Mississippi casinos and its own Hollywood Casino.
It also got an increase in mid-November on information that it would acquire Detroit’s Greektown Casino-Hotel’s surgeries for $300 million from Cleveland Cavaliers owner Dan Gilbert, the founder of Detroit-based Quicken Loans.
That rollercoaster showing this season, plus PENN’s overlook on analyst estimates in quarterly reporting wind up rendering the stock quite cheap after working from the new potential of this sport betting segment and also the casino company’s capability to grasp this chance.
Other companies that can’t be forgotten in the brand new gaming flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading hospitality and entertainment provider based in Alberta, Canada. The company operates four principal properties in the Alberta province, every supplying slot machines, table games, high excellent hospitality and more supposed to appeal to both casual players and dedicated gamers alike.
GameHost is well-known for providing dividends to its shareholders, a plus for those who have stuck with the company through the years. In fact, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease prices and enhance offerings, creating some of the maximum profit margins in the company.
By. Joao Piexe
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FORWARD-LOOKING STATEMENTS. Statements in this communication that are not purely historical are forward-looking statements and contain statements regarding beliefs, plans, intent, predictions or other announcements of future tense. Forward looking statements in this article include that the gambling industry continues to grow; that a larger investment opportunity than casinos might be in growth stocks such as Bragg; that GiveMeSport’s brand new site will start with sports gambling before expanding into the other regions including casino games, e-sports, poker and lottery products; that Bragg Systems might have a system which would be approved by gamers; that it may leverage the Give Me Sport enthusiast base into sports gambling through Bragg’s platform to drive adoption and expansion; which Bragg can protects its intellectual property; the magnitude of the possible sports gaming market; that Oryx provides it the gambling platform to split into the online sports gaming and gambling market: that more states in the united states will legalize sports gaming; and that Bragg’s earnings will continue to increase; and also that the firm intends to grow and acquire assets across the entire spectrum of gaming verticals in multiple jurisdictions. Forward looking statements involve known and unknown risks and uncertainties that might not prove to be true. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Matters that may impact the outcome of these forward looking statements include that markets may not materialize as expected; gambling may not turn out to possess as big a market as thought or become lucrative as thought as a consequence of competition or other factors; fans who enjoy game might not be converted to internet sports gamblers; Bragg may not be in a position to give a competitive product or climb upward as thought because of potential inferior online merchandise, lack of funds, lack of facilities, regulatory compliance demands or lack of suitable contacts or employees; Bragg intellectual property rights software may not be allowed and even when allowed, might not adequately protect Bragg intellectual property rights; and other dangers affecting Bragg specifically and the gambling industry generally. The forward-looking statements in the document are made as of the date hereof and the Company disclaims any intent or obligation to update such forward-looking statements except as required by applicable securities laws.
Risk factors for the online sports gaming industry in general which also impact Bragg including without limitation the following: Competition may offer better internet gaming products luring away Bragg’s customers; Technology changes rapidly in the business and when Bragg fails to expect or successfully implement new technology or embrace new business strategies, methods or technologies, the quality, timeliness and competitiveness of its products and services may endure; Bragg can experience security breaches and cyber threats; regulators may impose significant barriers to internet gaming companies; Bragg’s business could be negatively affected if consumer security, data privacy and security practices are not sufficient, or perceived as being insufficient, to prevent data breaches, or by the use of consumer protection and data privacy legislation generally; The products or services Bragg distributes via its stage may contain defects, which could adversely affect Bragg’s reputation.
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