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 stage in time where Las Vegas is changed into something that transcends physical boundaries, and we have the U.S. Supreme Court to thank you for opening up a massive sports gambling market that-for starters-will probably absorb the $150 billion that the American Gambling Association estimates is bet on sports every 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. Everyone from live in-game betting operators, to casinos, sports clubs and betting app manufacturers are set to cash in their chips .
Some are speculating that societal media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports gambling business because they could easily make the most of their large user foundations and infrastructure. However busy this space becomes, all bets are on the house.
In May, the Supreme Court struck down a 1992 federal law that barred states from authorizing sports betting. Now, many nations are lining up to replicate something like the quarter of a billion dollars in sports bets that New Jersey took in only in October, or even better, the $528 million that Nevada took in.
So while casino stocks, for instance, flopped this year, analysts are expecting outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gambling space indicates, time and again, that should investors pick the ideal market, the right company, at the right time, outsized returns are possible”.
When it’s a recognized casino giant angling for fresh flesh, a sports group which sees the green in partnering with the gaming world, or a savvy small-cap that sneaks in to position itself as a end-to-end provider of next-gen gaming options…
Here are 5 stocks which can get investors to the sport:
#1 MGM Resorts (NYSE:MGM)
The largest casino operator in the USA, MGM brings in more than $4 billion in revenue just from Las Vegas, but now its angling enormous for sports betting, surrounding it on all fronts.
In no uncertain terms, these men are constructing a sports gambling empire that’s poised to wind up trumping their casino operations, according to their recent venture deal with Major League Baseball (MLB), which also features in our Top 5 listing. So, MGM will be MLB’s official gambling companion, adding to the hotels firm’s sports line-up, which included pro basketball and hockey.
Investors will also be watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the largest sportsbooks operators in Las Vegas, and MGM will finally have access to the online and mobile gaming platforms-and vice versa-in several 15 nations.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous company boasts the single biggest Facebook page in the internet sports industry, with 26 million lovers that are sports fanatics. The Bragg Gaming Group is betting that many are prepared to pounce to a new sports gambling app in the $150-billion marketplace that opened .
Bragg is positioning itself as an end-to-end provider of next-generation gaming options, transitioning from the conventional tech and AI enterprise. It’s a transformation that’s timed specifically to make the most of this critical moment for over-sized opportunities in the sports betting market.
They plan on coping with everything from casinos, e-sports and poker betting, lotteries, B2B/B2C gaming technology and payment solutions, therefore Bragg is set to hit the ground running. Its secret weapon is its own GiveMeSport subsidiary, the proud owner of the 26-million-strong Facebook sports data page, which defeats even ESPN.
Even better where timing is concerned, they are going to start their first game to this massive audience. It’s a new program that they’ve been holding back for decades, awaiting sports gambling to be hailed.
The catalysts are mounting: Bragg has recently acquired Oryx Gambling, a turnkey gaming solutions provider for sport operators which include over 5,000 integrated games, including from Tier-1 gaming operators. That’s when Breaking 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 product and multi-channel platform to advertise its diverse product package. Its sports gambling arm will function under the GiveMeBet banner, working pretty much like 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 perform to market them, beginning with sports betting and then moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
Thus, Bragg will have three gambling and media resources: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gambling are established machines. Since April 2017, Give Me Sport’s UK monthly visitors has increased by 5 million and now exceeds 30M. Revenue has increased by a healthy 30 percent 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 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 wildly lucrative Japanese gaming market, after a Japanese judgment in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ for Las Vegas gaming firms because of the Japanese penchant for gambling, Caesar’s is expected to soar on this. But not only on this: The place means it’ll automatically have access to additional Asian gaming tourists.
The new quarterly earnings also helped, 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 right after the Supreme Court judgment on sports gambling in May,”I think everybody who owns a top-four professional sports team just basically saw the value of their team double”
The nearly $7-billion market cap MSG, that owns the New York Knicks and the New York Rangers, now appears to be undervalued.
And there are some big catalysts here. Longer-term, investors should be looking at the huge market potential for sport streaming and television rights at the moment.
But the biggest thing on buyer radar presently 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 evaluate the company’s assets and future possible, as Forbes points out, providing both businesses”enhanced strategic flexibility to pursue their own identifying business plan and funding allocation policy”.
Number 5 Penn National Gaming (NASDAQ:PENN)
Overall, it has been a rollercoaster season for Penn, but the brand new lease on life for sports betting affects things.
This almost $2.7-billion market cap casino company is putting its biggest bet yet using a $3.1-million bet the home will win. The deal is the biggest insider buy in 15 decades. And it is about sports gambling. Penn is planning to start sports betting at five Mississippi casinos and its Hollywood Casino.
It also got a boost in mid-November on news that it might acquire Detroit’s Greektown Casino-Hotel’s surgeries 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 making the inventory quite cheap after working from the new potential of the sport betting segment and the casino company’s capability to grasp this chance.
Other companies that can not be forgotten from 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 primary components in the Alberta province, each supplying slot machines, table games, top quality hospitality and more meant to appeal to both casual players and dedicated players alike.
GameHost is famous for providing dividends to its shareholders, a bonus for people who have stuck with the business through the years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to decrease prices and improve offerings, creating some of the highest profit margins in the business.
By. Joao Piexe
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FORWARD-LOOKING STATEMENTS. Statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other announcements of future tense. Forward looking statements in this article include that the gambling sector continues to grow; a larger investment opportunity than casinos may be in growth stocks such as Bragg; that GiveMeSport’s new website begins with sports gambling before expanding in the other regions including casino games, e-sports, poker and lottery products; which Bragg Systems may have a system which will be accepted by players; that it may leverage the Give Me Sport enthusiast base into sports betting through Bragg’s platform to drive adoption and expansion; that Bragg can protects its intellectual property; the magnitude of the potential sports gambling marketplace; 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 rise; and also that the company intends to grow and acquire assets throughout the full spectrum of gaming verticals in multiple jurisdictions. Forward looking statements involve known and unknown risks and uncertainties that might not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in those forward-looking statements. Things that may impact the outcome of these forward looking statements include markets may not materialize as expected; gambling might not turn out to have as big a market as thought or be as lucrative as thought as a result of competition or other factors; enthusiasts who enjoy sport might not be converted to online sports bettors; Bragg might not be able to give a competitive product or scale up as thought due to prospective inferior online product, lack of funds, lack of amenities, regulatory compliance requirements or absence of suitable employees or contacts; Bragg intellectual property rights applications might not be granted as well as when granted, might not adequately protect Bragg intellectual property rights; and other risks affecting Bragg in particular and the gaming industry generally. The forward-looking statements in 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 the online sports gambling industry in general which also affect Bragg including without limitation the following: Competition may offer better internet gaming products luring away Bragg’s customers; Technology changes rapidly from the company and when Bragg fails to anticipate or successfully implement new technology or adopt new business strategies, methods or technologies, the quality, timeliness and competitiveness of its services and products may endure; Bragg may experience security breaches and cyber threats; authorities may impose significant hurdles to internet gaming firms; Bragg’s business could be adversely affected if consumer security, information 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 laws generally; The merchandise or services Bragg spreads via its platform may contain flaws, which could adversely affect Bragg’s standing.
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