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 where Las Vegas is transformed into something that transcends physical borders, and we have the U.S. Supreme Court to thank you for opening up a massive sports gambling market that-for starters-will probably 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 big and diverse. Everyone from live in-game gambling operators, to casinos, sports clubs and gaming program manufacturers 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 gambling business since they could easily make the most of the large user bases and infrastructure. However crowded 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 gambling. Now, many nations are lining up to replicate something like the quarter of a billion bucks in sports bets that New Jersey took in only in October, or even better, the $528 million which Nevada earned in.
So while casino stocks, for instance, flopped this year, analysts are anticipating outsized gains going forward. As Bernstein’s Vitaly Umansky notes,»the gambling space indicates, time and again, that should investors pick the ideal market, the right company, at the right time, outsized returns are potential».
When it’s an established casino giant angling for fresh flesh, a sports group which sees the green in partnering with all the gaming world, or a savvy small-cap that sneaks in to place itself as an 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 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 latest venture deal with Major League Baseball (MLB), which also features in our Top 5 listing. So, MGM will be MLB’s official gambling companion, adding to the hotels firm’s sports line-up, which already included pro basketball and hockey.
Investors are also keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the biggest sportsbooks operators in vegas, and MGM will now have access to the internet and mobile gaming platforms-and vice versa-in some 15 nations.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This little-known company boasts the single largest Facebook page at the internet sports industry, with 26 million fans who are sports fanatics. The Bragg Gambling Group is gambling that many of them are ready to pounce on 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 options, transitioning from its traditional technology and AI business. It is a transformation that is timed specifically to make the most of this critical 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 services, therefore Bragg is set to hit the floor running. Its secret weapon is its own GiveMeSport subsidiary, the proud proprietor of the 26-million-strong Facebook sports information page, which defeats even ESPN.
Even better where timing is concerned, they are about to launch their first game to this huge audience. It is a new program that they’ve been holding back for decades, waiting for sports betting to be hailed.
The catalysts are mounting: Bragg has lately acquired Oryx Gaming, a turnkey gaming solutions provider for casino operators which include over 5,000 integrated games, such as 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 product and multi-channel platform to advertise its diverse product suite. Its sports betting arm will function under the GiveMeBet banner, working 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 solutions.
So, Bragg will have three gaming and media assets: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both 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% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… along with also the recently 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 greatest specific catalysts is Caesar’s positioning of itself to gain access to the exceptionally 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 on this. But not only on this: The place means it will automatically have access to other Asian gaming tourists.
The new quarterly earnings also helped, together with CZR reporting $.0.03 earnings per share, meeting analyst expectations, with $2.19 billion in earnings 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 betting in May,»I believe everyone who owns a top-four professional sports team just essentially watched the value of the team double.»
The almost $7-billion market cap MSG, which possesses the New York Knicks and the New York Rangers, now seems to be undervalued.
And there are a number of big catalysts here. Longer-term, investors should be looking at the massive market potential for sport streaming and television rights at the moment.
However, the greatest thing on investor radar presently 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 company’s assets and future potential, as Forbes points out, providing both companies»increased tactical flexibility to pursue their own distinctive business plan and capital allocation policy».
#5 Penn National Gaming (NASDAQ:PENN)
Overall, it has been a rollercoaster season for Penn, but the new lease on life for sports betting affects matters.
This almost $2.7-billion market cap casino company is placing its biggest bet yet with a $3.1-million bet the home will win. The deal is the largest insider buy in 15 decades. And it is all about sports gambling. Penn will start sports betting at five Mississippi casinos and its own Hollywood Casino.
Additionally, it got a boost in mid-November on news that it might acquire Detroit’s Greektown Casino-Hotel’s surgeries for $300 million from Cleveland Cavaliers owner Dan Gilbert, the creator of Detroit-based Quicken Loans.
That rollercoaster showing this year, plus PENN’s miss on analyst quotes in quarterly reporting wind up making the inventory fairly cheap after working in the new potential of the sports gambling segment and the casino company’s capability to grasp this opportunity.
Other Businesses that can not be forgotten in the brand new gaming flourish:
GameHost is a top hospitality and entertainment supplier based in Alberta, Canada. The company operates four principal components in the Alberta province, every supplying slot machines, table games, high excellent hospitality and more supposed to appeal to both casual players and committed players alike.
GameHost is well-known for providing dividends to its investors, a plus for those who have stuck with the company over recent years. In reality, 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
FORWARD-LOOKING STATEMENTS. Statements in this communication that aren’t 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 gaming industry continues to grow; a bigger investment chance than casinos might be in growth stocks such as Bragg; this GiveMeSport’s new website begins with sports gambling before expanding into the other areas including casino games, e-sports, poker and lottery products; which Bragg Systems may have a system which will be accepted by gamers; that it may leverage the Give Me Sport enthusiast base into sports betting through Bragg’s platform to drive adoption and expansion; that Bragg can protects its intellectual property; the size of the possible sports gambling market; that Oryx provides it the gambling 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 increase; and that the firm intends to grow and acquire assets throughout the entire 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 these forward-looking statements. Things that might affect the outcome of these forward looking statements include markets may not materialize as anticipated; gaming might not turn out to possess as large a market as presumed or be as lucrative as consideration as a result of competition or other factors; enthusiasts who like sport might not be converted to online sports gamblers; Bragg might not be able to give a competitive product or scale upward as thought due to potential inferior online merchandise, lack of funds, lack of facilities, regulatory compliance demands or lack of appropriate contacts or employees; Bragg intellectual property rights applications may not be granted as well as if granted, may not adequately protect Bragg intellectual property rights; and other risks 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 legislation.
Risk factors for your online sports gambling industry in general that also impact Bragg including without limitation the following: Competition may offer better internet gaming products luring away Bragg’s customers; Technology changes rapidly from the company and if Bragg fails to anticipate or successfully implement new technologies or embrace new business strategies, methods or technologies, the quality, timeliness and competitiveness of its services and products may suffer; Bragg can experience security breaches and cyber threats; authorities may impose significant barriers to internet gaming companies; Bragg’s business could be negatively affected if customer security, information privacy and security practices aren’t sufficient, or perceived as being insufficient, to prevent data breaches, or from the application of consumer protection and information privacy legislation normally; The products or services Bragg distributes via its stage may contain flaws, which may negatively impact Bragg’s reputation.
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