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

LONDON, January 17, 2019 / / PRNewswire/ —

FN Media Group Presents Safehaven.com Market Commentary
This is the point where Las Vegas is changed into something that transcends physical borders, and we have the U.S. Supreme Court to thank you for opening up a Huge sports betting market that-for starters-will likely absorb the $150 billion that the American Gambling Association quotes is bet 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 big and varied. Everybody from live in-game betting operators, to sports, sports clubs and betting app makers are set to cash in their chips here.
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 since they could easily take advantage of the large user foundations 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 sports gambling. Now, many nations are lining up to copy something like the quarter of a billion dollars in sports stakes that New Jersey took in only in October, or better still, the $528 million that Nevada earned 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 area has shown, time and again, that should investors pick the right market, the right company, at the right time, outsized returns are potential”.
Whether it’s an established casino giant angling for new flesh, a sports team that sees the green at 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 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 men are building a sports gambling empire that’s poised to wind up trumping their casino operations, as evidenced by their latest venture deal with Major League Baseball (MLB), which also comes in our Top 5 listing. So, MGM will be MLB’s official gaming companion, adding to the resorts company’s sports line-up, which included pro hockey and basketball.
Investors will also be watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the biggest sportsbooks operators in vegas, and MGM will finally have access to its online and mobile gaming platforms-and vice versa-in several 15 states.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This little-known firm boasts the single biggest Facebook page in the online sports business, with 26 million lovers that are sports fanatics. The Bragg Gambling Group is gambling that lots of them are ready to pounce to a brand new sports gambling app in the 150-billion marketplace that just opened .
Bragg is positioning itself as an end-to-end supplier of next-generation gaming options, transitioning from the traditional tech and AI business. It’s a transformation that’s timed specifically to make the most of the critical moment for over-sized chances in the sports betting market.
They plan on dealing in everything from casinos, e-sports and poker betting, lotteries, B2B/B2C gaming technology and payment services, therefore Bragg is set to hit the ground running. Its secret weapon is its own GiveMeSport subsidiary, the proud owner of this 26-million-strong Facebook sports information page, which defeats even ESPN.
Even better where time is worried, they are about to launch their first game to this huge audience. It is a new program that they’ve been holding back for decades, awaiting sports gambling to be legalized.
The catalysts are currently mounting: Bragg has recently acquired Oryx Gaming, a turnkey gaming solutions provider for sport operators which comprise 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 media company that leverages its cross merchandise and experiential platform to advertise its varied product suite. Its sports betting arm will function under the GiveMeBet banner, working pretty much like Sky Betting and Gaming, which was sold to the Stars Group to April this year for #5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M users and work to market them, beginning with sports gambling and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
Thus, Bragg will have three gambling and media assets: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gambling are established machines. Since April 2017, Give Me Sport’s UK monthly visitors 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 newly legal sports betting bonanza is likely to do exactly that. Casino stocks will be among the largest 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 exceptionally lucrative Japanese gaming market, after a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ for Las Vegas gaming firms due to the Japanese penchant for gambling, Caesar’s is predicted to soar with this. However, not just on this: The location means it will automatically have access to other Asian gambling tourists.
The new 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 right after the Supreme Court judgment on sports betting in May,”I think everybody who owns a top-four professional sports team only essentially 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, today appears to be undervalued.
And there are a number of big catalysts here. Longer-term, investors should be taking a look at the huge market potential for sport streaming and television rights at the moment.
However, the greatest thing on investor radar now is progress towards spinning off MSG’s sports business, 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 possible, as Forbes points out, giving both companies”increased tactical flexibility to pursue their own distinctive business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
Overall, it has been a rollercoaster year for Penn, but the brand new lease on life for sports gambling changes things.
This nearly $2.7-billion market cap casino company is placing its biggest bet yet with a $3.1-million gamble that the home will win. The deal is the largest insider purchase in 15 decades. And it is all about sports betting. Penn will launch sports gambling at five Mississippi casinos and its Hollywood Casino.
Additionally, it got a boost in mid-November on information that it might 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 miss on analyst quotes in quarterly reporting end up rendering the inventory quite cheap after working in the new potential of this sport betting segment and the casino company’s ability to grasp this chance.
Other Businesses that can’t be forgotten in the new gaming boom:
GameHost is a top hospitality and entertainment supplier based in Alberta, Canada. The business operates four primary properties in the Alberta province, each supplying slot machines, table games, high excellent hospitality and much more meant to appeal to both casual gamers and dedicated gamers alike.
GameHost is well-known for supplying dividends to its investors, a plus for those who have stuck with the business over recent years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to reduce prices and improve offerings, creating some of the maximum profit margins in the company.
By. Joao Piexe
FORWARD-LOOKING STATEMENTS. Statements in this communication which 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 bigger investment chance than casinos might be in growth stocks such as Bragg; that GiveMeSport’s new site will start with sports betting before expanding into the other areas including casino games, e-sports, poker and lottery products; that Bragg Systems may have a system which will be approved by players; that it may leverage the Give Me Sport enthusiast 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 gambling market; that Oryx gives it the gambling platform to break into the online sports gaming and gambling market: that more states in the united states will legalize sports gambling; and Bragg’s earnings will continue to increase; and that the firm intends to grow and acquire assets across the entire spectrum of gaming verticals in numerous 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. Matters that may impact the outcome of these forward looking statements include that markets might not materialize as anticipated; 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; fans who enjoy sport may not be converted to online sports gamblers; Bragg may not be able to offer a competitive product or scale upward as thought because of prospective inferior online product, lack of funds, lack of amenities, regulatory compliance requirements or lack of suitable contacts or employees; Bragg intellectual property rights software might 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 intention 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: Competitors may offer better online gaming products luring away Bragg’s customers; Technology changes quickly in the business and if Bragg fails to anticipate or successfully implement new technology or embrace 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; regulators may impose significant barriers to internet gaming firms; Bragg’s business may be adversely affected if consumer security, information privacy and safety practices are not adequate, or perceived as being insufficient, to prevent data breaches, or by the use of consumer protection and data privacy legislation normally; The products or services Bragg distributes via its stage may contain flaws, which may negatively impact Bragg’s reputation.
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