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

Posted 2 years 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 point in time where Las Vegas is changed into Something Which transcends physical boundaries, and we’ve got the U.S. Supreme Court to thank for opening up a Huge sports gambling market that-for starters-will probably absorb the $150 billion the American Gambling Association quotes is bet illegally on sports every year in 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 diverse. Everybody from live in-game gambling operators, to sports, sports clubs and betting app manufacturers are set to cash in their chips .
Some are even speculating that societal media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports gambling business since they could easily take advantage 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 states are lining up to copy something like the quarter of a billion bucks from sports stakes which New Jersey took in only in October, or better still, the $528 million which Nevada took in.
So while casino stocks, for example, flopped this year, analysts are anticipating outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gaming space has shown, time and again, that should investors pick the right market, the right company, at the perfect time, outsized returns are possible”.
When it’s a recognized casino giant angling for new flesh, a sports group that sees the green in partnering with the gambling world, or a savvy small-cap that sneaks into place itself as an end-to-end supplier of next-gen gaming options…
Here Are Five stocks that can get investors to the sport:
#1 MGM Resorts (NYSE:MGM)
The largest casino operator in the United States, MGM pulls in more than $4 billion in revenue just from Las Vegas, but now its angling big for sports gambling, surrounding it on all fronts.
In no uncertain terms, these men are building a sports gambling empire that is poised to end up trumping their casino operations, as evidenced by their latest partnership deal with Major League Baseball (MLB), which also comes in our Top 5 listing. So, MGM will be MLB’s official gambling partner, adding to the hotels firm’s sports line-up, which already included pro hockey and basketball.
Investors are also keenly 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 now have access to its internet and mobile gaming platforms-and vice versa-in some 15 states.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single largest Facebook page in the online sports business, with 26 million lovers who are sports fanatics. The Bragg Gambling Group is gambling that many of them are prepared to pounce to a new sports betting app in the $150-billion marketplace that opened .
Bragg is positioning itself as an end-to-end supplier of next-generation gaming options, transitioning from the conventional tech and AI enterprise. It is a transformation that’s timed specifically to make the most of this critical moment for outsized opportunities in the sports betting market.
They plan on dealing in everything from casinos, e-sports and poker to sports betting, lotteries, B2B/B2C gaming technologies and payment solutions, so Bragg is set to hit the floor running. Its secret weapon is its GiveMeSport subsidiary, the proud owner of the 26-million-strong Facebook sports data page, which defeats even ESPN.
Even better where time is worried, they are about to start their first game to this massive audience. It’s a new app that they have been holding back for decades, awaiting sports betting to be legalized.
The catalysts are mounting: Bragg has recently acquired Oryx Gaming, a turnkey gaming solutions provider for casino operators that include over 5,000 integrated games, including 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 advertise its varied product package. Its sports betting arm will function under the GiveMeBet banner, working 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 consumers and work to monetize them, starting with sports gambling 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 assets: GiveMeSport, Oryx Gambling 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 visitors has increased by 5 million and currently exceeds 30M. Revenue has grown by a healthy 30% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and also the recently legal sports betting bonanza is likely to do just that. Casino stocks will probably be among the biggest beneficiaries of the Supreme Court’s May ruling.
And among the greatest specific catalysts is Caesar’s positioning of itself to obtain access to the exceptionally lucrative Japanese gaming market, after a Japanese judgment in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming companies due to the Japanese penchant for gambling, Caesar’s is expected to soar on this. But not just on this: The location means it’ll automatically have access to other Asian gaming 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 ruling on sports betting in May,”I believe everybody who possesses a top-four professional sports team just essentially saw the value of their group twice .”
The almost $7-billion market cap MSG, that owns the New York Knicks and the New York Rangers, today appears to be undervalued.
And there are some huge catalysts here. Longer-term, investors should be looking at the massive market potential for sport television and streaming rights at the moment.
But the greatest thing on buyer radar presently is progress towards spinning off MSG’s sports industry, 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 possible, as Forbes points out, giving both companies”enhanced tactical flexibility to pursue their own distinctive business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
In general, it has been a rollercoaster year for Penn, but the brand new lease on life for sports gambling changes matters.
This nearly $2.7-billion market cap casino company is putting its biggest bet yet with a $3.1-million gamble that the home will win. The price is the largest insider purchase in 15 decades. And it’s all about sports gambling. Penn is planning to launch sports betting at five Mississippi casinos and its own Hollywood Casino.
It also gained an increase in mid-November on information that it might get Detroit’s Greektown Casino-Hotel’s surgeries for $300 million in 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 inventory fairly cheap after working in the new possibility of the sport betting segment and the casino company’s capability to grasp this chance.
Other Businesses that can’t be forgotten from the brand new gaming flourish:
GameHost is a leading entertainment and hospitality supplier based in Alberta, Canada. The business operates four principal properties in the Alberta province, each offering slot machines, table games, top quality hospitality and more meant to appeal to both casual gamers and committed gamers alike.
GameHost is famous for providing dividends to its investors, a bonus for those who have stuck with the company over the years. In reality, its focus on increasing value for shareholders is made abundantly clear in its mission to reduce costs and enhance offerings, creating some of the maximum profit margins in the company.
By. Joao Piexe
FORWARD-LOOKING STATEMENTS. Statements in this communication that aren’t purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Forward looking statements in this article include the gambling industry continues to grow; that a bigger investment chance than casinos may be in growth stocks such as Bragg; that GiveMeSport’s brand new site will start with sports gambling before expanding in the other regions including casino games, e-sports, poker and lottery products; that Bragg Systems may have a system that would be accepted by players; that it can leverage the Offer Me Sport fan base into sports betting through Bragg’s platform to drive adoption and expansion; that Bragg can protects its intellectual property; the size of the possible sports gambling marketplace; that Oryx gives it the gambling platform to split into the online sports gambling and gambling market: that more nations in the united states will legalize sports gaming; and that Bragg’s revenues will continue to rise; and also that the firm intends to raise and acquire assets across the full range of gaming verticals in numerous jurisdictions. Forward looking statements involve known and unknown risks and uncertainties which may not prove to be true. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Things that may affect the outcome of these forward looking statements include markets may not materialize as anticipated; gambling may not turn out to have as large a market as thought or be as lucrative as consideration as a consequence of competition or other factors; enthusiasts who like sport might not be converted to online sports bettors; Bragg might not be able to give a competitive product or climb upward as thought because of prospective inferior online product, lack of capital, lack of facilities, regulatory compliance requirements or lack of appropriate contacts or employees; Bragg intellectual property rights applications may not be allowed as well as 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 legislation.
Risk factors for the online sports gambling industry in general that also impact Bragg including without limitation the following: Competitors may offer better online gaming products luring away Bragg’s clients; Technology changes rapidly in the company and when Bragg fails to expect or successfully implement new technologies or adopt new business strategies, methods or technologies, the quality, timeliness and competitiveness of its products and services may suffer; Bragg may experience security breaches and cyber threats; regulators may impose significant hurdles to online gaming firms; Bragg’s business could be negatively affected if consumer protection, information privacy and security practices aren’t adequate, or perceived as being inadequate, to prevent data breaches, or from the application of consumer protection and data privacy laws normally; The products or services Bragg spreads through its stage may contain defects, which may adversely affect Bragg’s standing.
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