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 stage in time where Las Vegas is transformed into Something Which transcends physical borders, and we’ve got 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 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 big and diverse. Everyone from live in-game gambling operators, to sports, 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 go into the sports gambling business because they could easily take advantage of the large user bases and infrastructure. However busy this distance becomesall stakes 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 copy something similar to 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 expecting outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gaming space has shown, again and again, that if investors pick the right market, the ideal company, at the perfect time, oversize 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 a end-to-end provider of next-gen gaming options…
Here Are Five stocks that can get investors into 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 big for sports betting, surrounding it on all fronts.
In no uncertain terms, these men are constructing a sports betting empire that is poised to end up trumping their casino operations, according to their recent partnership deal with Major League Baseball (MLB), which also features in our Top 5 list. Thus, MGM will be MLB’s official gaming companion, adding to the hotels company’s sports line-up, which included pro hockey and basketball.
Investors are also keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the largest sportsbooks operators in vegas, and MGM will finally have access to its internet and mobile gaming platforms-and vice versa-in some 15 nations.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This little-known company boasts the single biggest Facebook page at the internet sports industry, with 26 million lovers who are sports fanatics. The Bragg Gaming Group is gambling that many of them are prepared to pounce to a new sports betting app in the 150-billion market that just opened up.
Bragg is positioning itself as an end-to-end provider of next-generation gambling options, transitioning from the traditional technology and AI business. It’s a transformation that’s 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 solutions, so 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 time is concerned, they are about to launch their first game to this massive audience. It’s a new program that they have been holding back for years, waiting for sports betting to be legalized.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gaming, 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 media company that leverages its cross merchandise and experiential platform to advertise its diverse product package. Its sports betting arm will operate under the GiveMeBet banner, functioning pretty much like Sky Betting and Gaming, that was 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 betting and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
Thus, Bragg will have three gaming and media assets: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gaming are established growth machines. Since April 2017, Give Me Sport’s UK monthly traffic has risen by 5 million and currently exceeds 30M. Revenue has grown by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and the newly legal sports betting bonanza is likely to do just that. Casino stocks will be one of the largest beneficiaries of the Supreme Court’s May judgment.
And among the biggest specific catalysts is Caesar’s positioning of itself to gain access to the exceptionally 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 gaming, Caesar’s is expected to soar with this. However, not just with this: The place means it will automatically have access to additional Asian gambling 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 right after the Supreme Court judgment on sports betting in May,”I believe everyone who possesses a top-four professional sports team only basically saw the value of the team twice ”
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 looking at the massive market potential for sports television and streaming rights at the moment.
However, the biggest thing on buyer radar now is progress towards turning off MSG’s sports business, for that it filed its first Form 10 on October 4th. The spin-off would indicate that investors can better evaluate the organization’s assets and future potential, as Forbes points out, giving both businesses”enhanced tactical flexibility to pursue their own identifying business plan and funding allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
In general, it has been a rollercoaster year for Penn, but the new lease on life for sports gambling affects things.
This nearly $2.7-billion market cap casino company is putting its biggest bet yet using a $3.1-million gamble the house will win. The price is the largest insider purchase in 15 decades. And it is all about sports gambling. Penn will launch sports betting at five Mississippi casinos and its Hollywood Casino.
It also 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 overlook on analyst quotes in quarterly reporting wind up making the inventory fairly cheap after working from the new potential of this sport gambling segment and the casino company’s capability to grasp this chance.
Other companies that can’t be forgotten in the brand new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top hospitality and entertainment provider based in Alberta, Canada. The business operates four principal components in the Alberta province, every supplying slot machines, table games, top excellent hospitality and more supposed to appeal to both casual players and committed gamers alike.
GameHost is well-known for providing dividends to its shareholders, a plus for those who have stuck with the company over recent years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to reduce costs and enhance 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 aren’t 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 larger investment chance than casinos might be in growth stocks like Bragg; that GiveMeSport’s brand new website will start with sports betting before expanding into the other regions including casino games, e-sports, poker and lottery products; that Bragg Systems may have a system that will be approved by players; it can 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 gaming marketplace; that Oryx provides it the gaming platform to split into the online sports gaming and gambling market: that more states in the united states will legalize sports gaming; and Bragg’s earnings will continue to rise; and also that the firm intends to raise and acquire assets throughout 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 true. Actual outcomes and results may differ materially from what is expressed or forecasted in those forward-looking statements. Things that might affect the outcome of those forward looking statements include markets might not materialize as expected; gaming might not turn out to possess as big a market as presumed or become as lucrative as thought as a result of competition or other factors; enthusiasts who enjoy game might not be converted to online sports gamblers; Bragg may not be in a position to offer a competitive product or scale up as thought due to prospective inferior online merchandise, lack of funds, lack of facilities, regulatory compliance demands or absence of appropriate contacts or employees; Bragg intellectual property rights applications might not be allowed as well as when granted, might not adequately protect Bragg intellectual property rights; and other dangers affecting Bragg specifically and the gaming 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 laws.
Risk factors for the online sports gambling industry in general that also affect Bragg including without limitation the following: Competition may offer better online gaming goods luring away Bragg’s customers; Technology changes rapidly in the company and when Bragg fails to expect or successfully implement new technology or adopt new business strategies, technologies or methods, the quality, timeliness and competitiveness of its services and products may suffer; Bragg may experience security breaches and cyber threats; regulators may impose significant barriers to online gaming companies; Bragg’s business may be adversely affected if consumer security, information privacy and security practices aren’t sufficient, or perceived as being inadequate, to prevent data breaches, or by the use of consumer protection and information privacy legislation generally; The products or services Bragg distributes through its stage may contain defects, which could negatively impact Bragg’s reputation.
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