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

Posted 11 months ago by Patrick Munuve | posted in Uncategorized | Post RSS 2.0

LONDON, January 17, 2019 /PRNewswire/ —

FN Media Group Gifts Safehaven.com Market Commentary
This is the point in time where Las Vegas is transformed into something that transcends physical boundaries, and we have the U.S. Supreme Court to thank for opening up a Huge sports betting market that-for starters-will probably absorb the $150 billion the American Gambling Association estimates is bet illegally on sports Each Year in the U.S. Mentioned in today’s commentary 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 large and varied. Everybody from live in-game gambling operators, to casinos, sports clubs and betting app makers are set to cash in their chips here.
Some are speculating that social 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 the large user bases and infrastructure. However busy this distance becomes, all bets are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from authorizing sports gambling. Nowadays, many states are lining up to replicate something like the quarter of a billion dollars in sports bets that New Jersey took in just in October, or better still, the $528 million which Nevada took in.
So while casino stocks, for instance, flopped this year, analysts are anticipating outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gambling space indicates, time and again, that if investors pick the ideal market, the right company, at the perfect time, outsized returns are possible”.
When it’s an established casino giant angling for new flesh, a sports team which sees the green in partnering with all the gambling world, or a savvy small-cap that sneaks into place itself as a end-to-end provider of next-gen gaming options…
Here are 5 stocks that can get investors to the game:
#1 MGM Resorts (NYSE:MGM)
The biggest casino operator in the United States, MGM pulls 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 building a sports gambling empire that is poised to wind up trumping their casino operations, as evidenced by their recent venture deal with Major League Baseball (MLB), which also comes in our Top 5 list. Thus, MGM will be MLB’s official gambling companion, adding to the hotels firm’s sports line-up, which already included pro basketball and hockey.
Investors are also keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the biggest sportsbooks operators in Las Vegas, and MGM will now have access to the internet and mobile gaming platforms-and vice versa-in some 15 nations.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single biggest Facebook page in the internet sports industry, with 26 million lovers who are sports fanatics. The Bragg Gaming Group is betting that many of them are prepared to pounce to a brand new sports betting app in the 150-billion market that opened .
Bragg is positioning itself as an end-to-end supplier of next-generation gambling options, transitioning from the conventional tech and AI enterprise. It’s a transformation that is timed specifically to take advantage of the crucial moment for over-sized chances in the sports betting market.
They plan on coping with everything from casinos, e-sports and poker to sports betting, lotteries, B2B/B2C gaming technology and payment services, so Bragg is set to hit the ground running. Its secret weapon is its GiveMeSport subsidiary, the proud owner of the 26-million-strong Facebook sports information page, which beats even ESPN.
Even better where time is worried, they are about to launch their first game to this massive audience. It is a new app that they’ve been holding back for decades, awaiting sports betting to be hailed.
The catalysts are mounting: Bragg has lately acquired Oryx Gambling, a turnkey gaming solutions provider for sport operators that comprise over 5,000 integrated games, including from Tier-1 gaming operators. That’s 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 suite. Its sports betting arm will function under the GiveMeBet banner, working pretty much like Sky Betting and Gaming, which has been sold to the Stars Group to April this year for #5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M consumers and perform to monetize them, beginning with sports gambling and then moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
Thus, Bragg will own three gambling and media resources: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gambling 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% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… along with the recently legal sports betting bonanza is very likely to do exactly that. Casino stocks will probably be one of the biggest beneficiaries of the Supreme Court’s May ruling.
And one of the greatest specific catalysts is Caesar’s positioning of itself to obtain access to this wildly lucrative Japanese gaming market, after a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ for Las Vegas gaming companies because of the Japanese penchant for gaming, Caesar’s is expected to soar on this. However, not only with this: The location means it’ll automatically have access to additional Asian gaming tourists.
The recent quarterly earnings also assisted, with CZR reporting $.0.03 earnings per share, meeting analyst expectations, with $2.19 billion in revenue for its 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 think everybody who owns a top-four professional sports team just essentially watched the value of their team double.”
The almost $7-billion market cap MSG, which owns the New York Knicks and the New York Rangers, today seems to be undervalued.
And there are some huge catalysts here. Longer-term, investors should be taking a look at the massive market potential for sports streaming and television rights right now.
But the greatest thing on buyer radar now is progress towards turning off MSG’s sports industry, for that it filed its initial Form 10 on October 4th. The spin-off would mean that investors can better assess the organization’s assets and future potential, as Forbes points out, giving both companies”enhanced tactical flexibility to pursue their own distinctive business plan and capital allocation policy”.
Number 5 Penn National Gaming (NASDAQ:PENN)
In general, it’s been a rollercoaster year for Penn, but the brand new lease on life for sports gambling changes matters.
This almost $2.7-billion market cap casino company is placing its biggest bet yet with a $3.1-million gamble that the house will win. The price is the biggest insider purchase in 15 decades. And it is all about sports betting. Penn will start sports betting at five Mississippi casinos and its Hollywood Casino.
It also gained a boost in mid-November on news that it might acquire Detroit’s Greektown Casino-Hotel’s operations for $300 million in Cleveland Cavaliers owner Dan Gilbert, the creator of Detroit-based Quicken Loans.
That rollercoaster showing this season, also PENN’s miss on analyst estimates in quarterly reporting wind up rendering the stock fairly cheap after working from the new possibility of this sports betting segment and the casino company’s ability to grasp this opportunity.
Other Businesses that can not be forgotten from the new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top entertainment and hospitality supplier based in Alberta, Canada. The company operates four principal properties in the Alberta province, each supplying slot machines, table games, high excellent hospitality and more supposed to appeal to both casual players and committed players alike.
GameHost is well-known for providing dividends to its shareholders, a bonus for those who have stuck with the business over recent years. In reality, its focus on increasing value for shareholders is made abundantly clear in its mission to reduce prices and improve offerings, creating some of the highest 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 statements of future tense. Forward looking statements in this article include that the gambling industry continues to grow; that a bigger investment opportunity than casinos may be in growth stocks such as Bragg; this GiveMeSport’s brand new website will start with sports betting before expanding in the other regions including casino games, e-sports, poker and lottery products; which Bragg Systems might have a system that would be accepted by gamers; that it may leverage the Give Me Sport fan base into sports gambling through Bragg’s platform to drive adoption and growth; which Bragg can protects its intellectual property; the magnitude of the possible sports gaming market; that Oryx gives it the gaming platform to break into the online sports gambling and gambling market: that more states in the US will legalize sports gambling; and that Bragg’s earnings will continue to increase; and that the firm intends to raise and acquire assets throughout the entire spectrum of gaming verticals in multiple jurisdictions. Forward looking statements involve known and unknown risks and uncertainties which may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Things that may impact the outcome of those forward looking statements include that markets may not materialize as expected; gambling may not turn out to have as large a market as presumed or be as lucrative as thought as a result of competition or other factors; fans who like game might not be converted to internet sports bettors; Bragg may not be able to offer a competitive product or climb upward as thought because of potential inferior online product, lack of funds, lack of facilities, regulatory compliance requirements or lack of appropriate employees or contacts; Bragg intellectual property rights applications may not be granted and even if allowed, may not adequately protect Bragg intellectual property rights; and other risks affecting Bragg specifically and the gambling industry generally. The forward-looking statements within the document are made as of the date hereof and the Company disclaims any intention or obligation to update such forward-looking statements except as required by applicable securities legislation.
Risk factors for your online sports gaming industry in general that also impact Bragg including without limitation the following: Competitors may offer better internet gaming products luring away Bragg’s clients; Technology changes rapidly in the business 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 substantial barriers to online gaming companies; Bragg’s business may be adversely affected if consumer protection, information privacy and safety practices aren’t sufficient, or perceived as being inadequate, to prevent data breaches, or by the application of consumer protection and data privacy laws generally; The merchandise or services Bragg spreads via its stage may contain defects, which could adversely affect Bragg’s reputation.
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