19/10/2019

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 boundaries, and we have the U.S. Supreme Court to thank for opening up a massive sports gambling market that-for starters-will likely absorb the $150 billion that the American Gambling Association estimates is bet on sports Each Year in 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. Everybody from live in-game betting operators, to casinos, sports clubs and betting app makers are set to cash in their chips here.
Some are even speculating that societal media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to go into the sports betting business because they could easily take advantage of the large user foundations and infrastructure. However crowded 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 gambling. Now, many states are lining up to copy something similar to the quarter of a billion dollars in sports bets which New Jersey took in just in October, or even better, the $528 million that Nevada took in.
So while casino stocks, for example, flopped this year, analysts are anticipating outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gaming space has shown, again and again, that if 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 fresh flesh, a sports group which sees the green at partnering with all the gaming world, or a savvy small that sneaks into place itself as an end-to-end supplier of next-gen gaming options…
Here are 5 stocks which 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 now its angling enormous for sports betting, surrounding it on all fronts.
In no uncertain terms, these men are building a sports betting empire that’s poised to end up trumping their casino operations, as evidenced by their latest partnership deal with Major League Baseball (MLB), which also comes in our Top 5 list. So, MGM will be MLB’s official gambling companion, adding to the hotels company’s sports line-up, which already included pro hockey and basketball.
Investors will also be keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is one of the largest sportsbooks operators in vegas, and MGM will now have access to its internet and mobile gaming platforms-and vice versa-in some 15 states.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This little-known company boasts the single biggest Facebook page at the online sports industry, with 26 million lovers that are sports fanatics. The Bragg Gambling Group is betting that lots of them are prepared to pounce on a new sports betting app in the 150-billion market that just opened .
Bragg is positioning itself as an end-to-end provider of next-generation gambling options, transitioning from the traditional technology and AI enterprise. It is a transformation that is timed specifically to make the most of this crucial 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 solutions, so Bragg is set to hit the floor running. Its secret weapon is its GiveMeSport subsidiary, the proud proprietor of this 26-million-strong Facebook sports data page, which defeats even ESPN.
Even better where time is concerned, they are about to start their first game to this huge audience. It is a new app that they’ve been holding back for decades, awaiting sports betting to be hailed.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gambling, a turnkey gaming solutions provider for sport operators which include over 5,000 integrated games, such as 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 product and multi-channel platform to market its varied product suite. Its sports gambling arm will function under the GiveMeBet banner, working 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 users and perform to monetize them, starting with sports gambling and then moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, Bragg will own three gambling and media assets: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gambling are proven machines. Since April 2017, Give Me Sport’s UK monthly visitors has increased by 5 million and currently exceeds 30M. Revenue has increased by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and the newly legal sports gambling bonanza is very likely to do just that. Casino stocks will probably be one of the biggest beneficiaries of the Supreme Court’s May judgment.
And one of the greatest specific catalysts is Caesar’s positioning of itself to gain access to the wildly lucrative Japanese gaming market, following 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 predicted to soar with this. But not only with this: The location means it will 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 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 club just essentially watched the value of the group twice ”
The nearly $7-billion market cap MSG, which 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 looking at the huge market potential for sports television and streaming rights right now.
However, the greatest thing on investor radar now is progress towards turning off MSG’s sports industry, for which it filed its first Form 10 on October 4th. The spin-off would mean that investors can better evaluate the organization’s assets and future possible, as Forbes points out, providing both businesses”enhanced tactical flexibility to pursue their own identifying 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 new lease on life for sports gambling changes matters.
This nearly $2.7-billion market cap casino company is putting its biggest bet yet using a $3.1-million gamble that the house will win. The price is the largest insider purchase in 15 decades. And it’s all about sports betting. Penn will start sports gambling at five Mississippi casinos and its Hollywood Casino.
Additionally, it got a boost in mid-November on information that it would get 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 overlook on analyst estimates in quarterly reporting wind up rendering the stock quite cheap after working in the new possibility of the sport betting segment and also 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 leading hospitality and entertainment provider based in Alberta, Canada. The company operates four primary properties in the Alberta province, every offering slot machines, table games, top quality hospitality and more supposed to appeal to both casual gamers and dedicated gamers alike.
GameHost is well-known for providing dividends to its investors, a bonus for those 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 reduce prices and improve offerings, making 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 announcements of future tense. Forward looking statements in this article include the gaming sector continues to grow; a bigger investment chance than casinos might be in growth stocks such as Bragg; this GiveMeSport’s new site begins with sports betting before expanding into the other regions including casino games, e-sports, poker and lottery products; which Bragg Systems might have a system that will be approved by players; it may leverage the Offer Me Sport fan base into sports gambling through Bragg’s platform to drive adoption and growth; which Bragg can protects its intellectual property; the size of the potential sports gambling marketplace; that Oryx provides it the gaming platform to break into the online sports gaming and betting market: that more nations in the united states will legalize sports gambling; and Bragg’s revenues will continue to increase; and also that the firm intends to raise and acquire assets throughout the entire range 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 these forward-looking statements. Matters that may affect the outcome of these forward looking statements include markets may not materialize as expected; gaming might not turn out to have as large a market as thought or be as lucrative as consideration as a result of competition or other factors; fans who enjoy game may not be converted to internet sports bettors; Bragg might not be able to give a competitive product or climb upward as thought due to prospective inferior online product, lack of funds, lack of amenities, regulatory compliance demands or absence of appropriate contacts or employees; Bragg intellectual property rights applications may not be allowed as well as if allowed, may not adequately protect Bragg intellectual property rights; and other dangers 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 intent or obligation to update such forward-looking statements except as required by applicable securities legislation.
Risk factors for the online sports gaming industry in general which also impact Bragg including without limitation the following: Competitors may offer better internet gaming goods luring away Bragg’s clients; Technology changes rapidly in the business and when Bragg fails to anticipate 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 significant hurdles to internet gaming companies; Bragg’s business could be adversely affected if consumer security, data privacy and safety practices are not sufficient, or perceived as being inadequate, to prevent data breaches, or by the use of consumer protection and data privacy legislation generally; The merchandise or services Bragg spreads through its platform may contain defects, which may adversely affect Bragg’s reputation.
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