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 stage where Las Vegas is changed into something that transcends physical borders, 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 that the American Gambling Association quotes 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 varied. Everybody from live in-game betting operators, to sports, sports clubs and gaming program manufacturers are set to cash in their chips here.
Some are even speculating that social media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to go into the sports gambling business since they could easily make the most of their large user bases and infrastructure. However busy this distance becomesall stakes are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports gambling. Nowadays, many states are lining up to replicate something similar to the quarter of a billion dollars from sports bets that 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 area indicates, again and again, that should investors pick the ideal market, the ideal company, at the perfect time, oversize 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 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 5 stocks that can get investors into the game:
#1 MGM Resorts (NYSE:MGM)
The biggest casino operator in the United States, MGM brings in more than $4 billion in revenue just from Las Vegas, but today its angling big for sports betting, surrounding it on all fronts.
In no uncertain terms, these men are constructing a sports gambling empire that’s poised to end up trumping their casino operations, according to their recent venture deal with Major League Baseball (MLB), which also comes in our Top 5 list. So, MGM will be MLB’s official gaming partner, adding to the hotels firm’s sports line-up, which already included pro basketball and hockey.
Investors will also be keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the biggest sportsbooks operators in Las Vegas, and MGM will now have access to its online and mobile gaming platforms-and vice versa-in some 15 nations.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single largest Facebook page in the online sports industry, with 26 million fans who are sports fanatics. The Bragg Gaming Group is betting that lots are prepared 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 supplier of next-generation gaming solutions, transitioning from its conventional technology and AI business. It is a transformation that’s timed specifically to make the most of the crucial moment for outsized opportunities in the sports betting market.
They plan on coping with everything from casinos, e-sports and poker to sports betting, lotteries, B2B/B2C gaming technologies and payment services, so Bragg is set to hit the floor running. Its secret weapon is its own GiveMeSport subsidiary, the proud owner of this 26-million-strong Facebook sports data page, which beats even ESPN.
Even better where timing is concerned, they are going to launch their first game to this huge audience. It is a new app that they have been holding back for decades, awaiting sports betting to be legalized.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gambling, a turnkey gaming solutions provider for casino operators that comprise over 5,000 integrated games, including 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 media company that leverages its cross merchandise and experiential platform to advertise its diverse product suite. Its sports gambling arm will operate under the GiveMeBet banner, working pretty similar to Sky Betting and Gambling, that was sold to the Stars Group to April this year for 5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M consumers and work to monetize them, beginning with sports gambling and moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
Thus, Bragg will have three gambling and media resources: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are established growth machines. Since April 2017, Give Me Sport’s UK monthly traffic 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… and the newly legal sports betting bonanza is likely to do just that. Casino stocks will probably be one of the largest beneficiaries of the Supreme Court’s May ruling.
And one of the biggest specific catalysts is Caesar’s positioning of itself to gain access to the wildly lucrative Japanese gaming market, after 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 expected to soar with this. However, not only with this: The location means it will automatically have access to other Asian gambling tourists.
The new quarterly earnings also helped, together 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 shortly after the Supreme Court judgment on sports gambling in May,”I believe everybody who possesses a top-four professional sports club only essentially watched the value of their team double.”
The almost $7-billion market cap MSG, which possesses the New York Knicks and the New York Rangers, today seems to be undervalued.
And there are some big catalysts here. Longer-term, investors should be taking a look at the huge market potential for sport television and streaming rights right now.
However, the greatest thing on buyer radar presently is progress towards turning off MSG’s sports industry, 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 possible, as Forbes points out, providing both companies”enhanced strategic flexibility to pursue their own distinctive business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
In general, it’s been a rollercoaster season for Penn, but the brand new lease on life for sports betting changes matters.
This almost $2.7-billion market cap casino organization is putting its biggest bet yet with a $3.1-million bet that the home will win. The price is the biggest insider purchase in 15 years. And it’s about sports betting. Penn is planning to launch sports gambling at five Mississippi casinos and its Hollywood Casino.
Additionally, it gained an increase in mid-November on information that it would get Detroit’s Greektown Casino-Hotel’s operations for $300 million in Cleveland Cavaliers owner Dan Gilbert, the founder of Detroit-based Quicken Loans.
That rollercoaster showing this season, also PENN’s miss on analyst quotes in quarterly reporting wind up making the inventory fairly cheap after working in the new possibility of the sport gambling segment and also the casino company’s ability to grasp this chance.
Other companies that can not be forgotten in the new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top hospitality and entertainment supplier based in Alberta, Canada. The company operates four primary components in the Alberta province, each offering slot machines, table games, top quality hospitality and much more supposed to appeal to both casual players and dedicated gamers alike.
GameHost is famous for providing dividends to its shareholders, a plus for those who have stuck with the business over recent years. In fact, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease costs and enhance 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 which aren’t purely historical are forward-looking statements and include 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 might be in growth stocks like Bragg; that GiveMeSport’s brand new website will start with sports gambling before expanding in the other regions like casino games, e-sports, poker and lottery products; which Bragg Systems might have a system which would be approved by gamers; that it may leverage the Give Me Sport fan base into sports betting through Bragg’s platform to drive adoption and growth; which Bragg can protects its intellectual property; the magnitude of the potential sports gambling market; that Oryx provides it the gaming platform to break into the online sports gambling and gambling market: that more nations in the united states will legalize sports gambling; and Bragg’s revenues will continue to rise; and also that the firm intends to raise 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 results and outcomes 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 may not materialize as anticipated; gambling might not turn out to possess as big a market as thought or become lucrative as thought as a consequence of competition or other factors; enthusiasts who like game may not be converted to online sports bettors; Bragg may not be in a position to offer a competitive product or climb upward as thought due to potential inferior online product, lack of capital, lack of facilities, regulatory compliance requirements or lack of suitable employees or contacts; Bragg intellectual property rights applications may not be allowed and even when allowed, might not adequately protect Bragg intellectual property rights; and other risks affecting Bragg specifically and the gambling 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 products luring away Bragg’s customers; Technology changes quickly in the business and if Bragg fails to anticipate or successfully implement new technologies or embrace new business strategies, technologies or methods, the quality, timeliness and competitiveness of its products and services may suffer; Bragg may experience security breaches and cyber threats; authorities may impose substantial hurdles to internet gaming firms; Bragg’s business could be negatively affected if customer protection, data privacy and security practices are not sufficient, or perceived as being inadequate, to prevent data breaches, or by the application of consumer protection and data privacy legislation generally; The merchandise or services Bragg distributes via its stage may contain flaws, which may adversely affect Bragg’s reputation.
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