LONDON, January 17, 2019 /PRNewswire/ —
FN Media Group Gifts Safehaven.com Market Commentary
This is the stage in time where Las Vegas is transformed into something that transcends physical boundaries, and we have the U.S. Supreme Court to thank you for opening up a massive sports betting market that-for starters-will likely absorb the $150 billion the American Gambling Association quotes is bet illegally 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 large and varied. Everyone from live in-game betting operators, to casinos, sports clubs and betting app manufacturers are set to cash in their chips .
Some are even speculating that societal media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports gambling business since they could easily make the most of their massive user bases and infrastructure. However crowded 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 betting. Nowadays, many states are lining up to copy something similar to the quarter of a billion dollars in sports stakes that 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 expecting outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gambling space has shown, again and again, that if investors pick the ideal market, the ideal company, at the right time, outsized returns are potential”.
Whether it’s an established casino giant angling for new flesh, a sports group that sees the green in partnering with all the gambling world, or a savvy small that sneaks in to position itself as a end-to-end provider of next-gen gaming solutions…
Here Are Five stocks which can get investors into the sport:
#1 MGM Resorts (NYSE:MGM)
The biggest casino operator in the USA, MGM brings in more than $4 billion in revenue just from Las Vegas, but today its angling big for sports gambling, surrounding it on all fronts.
In no uncertain terms, these guys are constructing a sports gambling empire that is poised to wind up trumping their casino operations, as evidenced by their recent venture 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 already included pro basketball and hockey.
Investors are also 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 the online and mobile gaming platforms-and vice versa-in several 15 states.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous company boasts the single largest Facebook page in the internet sports business, with 26 million lovers that are sports fanatics. The Bragg Gambling Group is gambling that many of them are prepared to pounce to a brand new sports gambling app in the 150-billion marketplace that opened up.
Bragg is positioning itself as an end-to-end supplier of next-generation gaming solutions, transitioning from its conventional tech and AI enterprise. It’s a transformation that’s timed specifically to take advantage of this 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 ground running. Its secret weapon is its own GiveMeSport subsidiary, the proud proprietor of this 26-million-strong Facebook sports data page, which beats even ESPN.
Even better where timing is concerned, they are going to start their first game to this massive audience. It’s a new app that they have been holding back for years, 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 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 media company that leverages its cross product and multi-channel platform to market its varied product package. Its sports betting arm will operate under the GiveMeBet banner, working pretty much like Sky Betting and Gambling, which 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, starting with sports gambling and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, Bragg will have three gaming and media resources: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gaming are proven 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% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… along with 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 among the biggest specific catalysts is Caesar’s positioning of itself to gain access to this exceptionally lucrative Japanese gaming market, after a Japanese judgment in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming firms due to the Japanese penchant for gaming, Caesar’s is predicted to soar on this. However, not just on this: The place means it’ll automatically have access to other 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 judgment on sports gambling in May,”I believe everybody who possesses a top-four professional sports team just essentially saw the value of their group double”
The nearly $7-billion market cap MSG, that possesses the New York Knicks and the New York Rangers, now appears to be undervalued.
And there are a number of huge catalysts here. Longer-term, investors should be taking a look at the massive market potential for sports streaming and television rights right now.
However, the greatest thing on investor radar now is progress towards turning off MSG’s sports business, 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 funding allocation policy”.
Number 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 matters.
This almost $2.7-billion market cap casino company is putting its biggest bet yet with a $3.1-million bet that the home will win. The deal is the biggest insider buy in 15 decades. And it is about sports gambling. Penn is planning to launch sports betting at five Mississippi casinos and its Hollywood Casino.
It also gained a boost in mid-November on news that it would 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 year, plus PENN’s overlook on analyst estimates in quarterly reporting end up rendering the stock fairly cheap after working from the new potential 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 flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading entertainment and hospitality supplier based in Alberta, Canada. The company operates four principal properties in the Alberta province, every supplying slot machines, table games, top quality hospitality and much more supposed to appeal to both casual players and committed players alike.
GameHost is famous for supplying dividends to its investors, a bonus for those who have stuck with the business over the years. In fact, its focus on increasing value for investors 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 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 gambling sector continues to grow; a larger investment opportunity than casinos may be in growth stocks such as Bragg; this GiveMeSport’s brand new site begins with sports betting before expanding in the other regions including casino games, e-sports, poker and lottery products; which Bragg Systems may have a system which would be approved by players; it can leverage the Give Me Sport fan base into sports gambling 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 break into the online sports gaming and betting market: that more states in the united states will legalize sports gaming; and Bragg’s earnings will continue to increase; 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 true. Actual results and outcomes may differ materially from what is expressed or forecasted in those forward-looking statements. Matters that may affect the outcome of these forward looking statements include markets may not materialize as expected; gambling may not turn out to possess as big a market as thought or become as lucrative as consideration as a consequence of competition or other factors; enthusiasts who enjoy sport might not be converted to internet sports bettors; Bragg might not be able to give a competitive product or climb upward as thought because of prospective inferior online product, lack of funds, lack of facilities, regulatory compliance requirements or absence of appropriate employees or contacts; Bragg intellectual property rights software may not be granted and even when allowed, may not adequately protect Bragg intellectual property rights; and other dangers affecting Bragg specifically and the gaming industry generally. The forward-looking statements within this 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 your online sports gaming 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 when Bragg fails to anticipate or successfully implement new technologies or embrace 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; authorities may impose significant hurdles to online 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 from the use of consumer protection and information privacy legislation normally; The products or services Bragg distributes through its stage may contain flaws, which may negatively impact Bragg’s standing.
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