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

LONDON, January 17, 2019 /PRNewswire/ —

FN Media Group Gifts Safehaven.com Market Commentary
This is the point where Las Vegas is changed into Something Which transcends physical boundaries, and we’ve got the U.S. Supreme Court to thank you for opening up a massive sports betting market that-for starters-will probably absorb the $150 billion the American Gambling Association estimates is bet on sports every 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 diverse. Everyone from live in-game gambling operators, to casinos, sports clubs and gaming program makers are set to cash in their chips here.
Some are even speculating that societal media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports betting business since they could easily take advantage of their massive 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. Nowadays, many nations are lining up to replicate something similar to the quarter of a billion bucks from sports bets which New Jersey took in just in October, or even better, the $528 million that Nevada earned in.
So while casino stocks, for example, flopped this year, analysts are anticipating outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,“the gambling area has shown, again and again, that should investors pick the right market, the right company, at the right time, outsized returns are possible“.
When it’s an established casino giant angling for new flesh, a sports group that sees the green in partnering with all the gaming world, or a savvy small that sneaks into place itself as a end-to-end provider of next-gen gaming options…
Here are 5 stocks which can get investors into 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 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, according to their recent venture deal with Major League Baseball (MLB), which also features in our Top 5 listing. Thus, MGM will be MLB’s official gambling partner, adding to the resorts firm’s sports line-up, which included pro hockey and basketball.
Investors will also be keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the largest sportsbooks operators in vegas, and MGM will now have access to the internet and mobile gaming platforms-and vice versa-in some 15 states.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This famous company boasts the single biggest Facebook page at the internet sports industry, with 26 million lovers that are sports fanatics. The Bragg Gaming Group is betting that many of them are ready to pounce on a brand new sports betting app in the 150-billion marketplace that just opened .
Bragg is positioning itself as an end-to-end provider of next-generation gambling solutions, transitioning from its traditional tech and AI enterprise. It’s a transformation that’s timed specifically to take advantage of the crucial moment for outsized 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, therefore Bragg is set to hit the floor running. Its secret weapon is its GiveMeSport subsidiary, the proud owner of this 26-million-strong Facebook sports data page, which defeats even ESPN.
Even better where timing is worried, they are going to launch their first game to this huge audience. It is a new app that they have been holding back for years, waiting for sports gambling to be hailed.
The catalysts are currently mounting: Bragg has recently acquired Oryx Gambling, a turnkey gaming solutions provider for sport operators that include over 5,000 integrated games, such as from Tier-1 gaming operators. That is 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 market its diverse product package. Its sports gambling arm will function under the GiveMeBet banner, functioning pretty similar to Sky Betting and Gambling, 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, starting with sports gambling and moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
Thus, Bragg will have three gambling and media assets: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are established 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 the recently legal sports gambling bonanza is likely to do just that. Casino stocks will be among the biggest beneficiaries of the Supreme Court’s May ruling.
And among the biggest specific catalysts is Caesar’s positioning of itself to gain access to this wildly lucrative Japanese gaming market, following a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode‘ for Las Vegas gaming firms because of the Japanese penchant for gaming, Caesar’s is predicted to soar with this. However, not just with this: The location means it’ll automatically have access to additional 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 earnings for the quarter.
#4 Madison Square Gardens (NYSE:MSG)
As billionaire Dallas Mavericks owner Mark Cuban told CNBC right after the Supreme Court ruling on sports gambling in May,“I believe everybody who possesses a top-four professional sports team just basically saw the value of the group twice “
The almost $7-billion market cap MSG, that possesses the New York Knicks and the New York Rangers, today appears to be undervalued.
And there are some big catalysts here. Longer-term, investors should be taking a look at the huge market potential for sports television and streaming rights right now.
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 indicate that investors can better assess the company’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)
Overall, it has been a rollercoaster year for Penn, but the new lease on life for sports gambling changes things.
This nearly $2.7-billion market cap casino company is placing its biggest bet yet using a $3.1-million bet the house will win. The deal is the largest insider purchase in 15 years. And it’s about sports betting. Penn will launch sports betting at five Mississippi casinos and its own Hollywood Casino.
Additionally, it gained a boost in mid-November on information that it might get 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, also PENN’s miss on analyst estimates in quarterly reporting end up rendering the inventory fairly cheap after working from the new potential of the sports gambling segment and also the casino company’s ability to grasp this chance.
Other Businesses that can’t be forgotten in the brand new gaming flourish:
GameHost is a top entertainment and hospitality provider based in Alberta, Canada. The company operates four primary components in the Alberta province, every supplying slot machines, table games, top quality hospitality and more meant to appeal to both casual gamers and dedicated gamers alike.
GameHost is famous for providing dividends to its shareholders, a bonus for people who have stuck with the company through recent years. In fact, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease prices and improve offerings, creating some of the maximum profit margins in the business.
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 statements of future tense. Forward looking statements in this article include the gambling sector continues to grow; that a larger investment opportunity than casinos may be in growth stocks like Bragg; this GiveMeSport’s new site begins with sports betting before expanding in the other areas like casino games, e-sports, poker and lottery products; which Bragg Systems may have a system that will be approved by gamers; that it can leverage the Give Me Sport enthusiast base into sports betting through Bragg’s platform to drive adoption and expansion; which Bragg can protects its intellectual property; the size of the possible sports gaming marketplace; that Oryx gives it the gambling platform to split into the online sports gaming and gambling market: that more states in the united states will legalize sports gambling; and that Bragg’s revenues will continue to increase; and that the company intends to grow and acquire assets across the full spectrum of gaming verticals in numerous 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 these forward-looking statements. Matters that might impact the outcome of those forward looking statements include markets might not materialize as expected; gambling might not turn out to have as big a market as presumed or be as lucrative as thought as a result of competition or other factors; enthusiasts who like game may not be converted to internet sports gamblers; Bragg may not be in a position to offer a competitive product or scale up as thought due to potential inferior online product, lack of funds, lack of facilities, regulatory compliance demands or absence of appropriate employees or contacts; Bragg intellectual property rights software might not be granted and even if granted, may not adequately protect Bragg intellectual property rights; and other dangers affecting Bragg specifically and the gaming industry generally. The forward-looking statements in this 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 gambling industry in general which also impact Bragg including without limitation the following: Competition may offer better internet gaming goods luring away Bragg’s clients; Technology changes quickly 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 services and products may endure; Bragg can experience security breaches and cyber threats; regulators may impose significant barriers to internet gaming firms; Bragg’s business may be adversely affected if consumer protection, data privacy and safety practices are not sufficient, or perceived as being insufficient, to prevent data breaches, or by the application of consumer protection and data privacy legislation generally; The merchandise or services Bragg spreads via its stage may contain defects, which may negatively impact Bragg’s standing.
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