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 that transcends physical boundaries, and we’ve got the U.S. Supreme Court to thank for opening up a massive sports gambling market that-for starters-will probably absorb the $150 billion the American Gambling Association estimates is bet illegally 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 large and varied. Everyone from live in-game betting 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 enter the sports gambling business since they could easily make the most of the massive user bases and infrastructure. However busy 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 betting. Nowadays, many nations are lining up to replicate something similar to the quarter of a billion dollars from sports stakes that New Jersey took in just in October, or better still, the $528 million that 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 gambling space has shown, again and again, that if investors pick the ideal market, the right company, at the right time, oversize returns are possible”.
Whether it’s a recognized casino giant angling for new flesh, a sports group that sees the green at partnering with the gaming world, or a savvy small-cap that sneaks into position itself as an end-to-end provider of next-gen gaming solutions…
Here are 5 stocks that can get investors to 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 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 is poised to end up trumping their casino operations, as evidenced by their recent partnership deal with Major League Baseball (MLB), which also comes in our Top 5 listing. Thus, MGM will be MLB’s official gambling companion, adding to the hotels company’s sports line-up, which 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 largest sportsbooks operators in 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 little-known company boasts the single largest Facebook page at the online sports industry, with 26 million lovers that are sports fanatics. The Bragg Gaming Group is gambling that many of them are ready to pounce on a new sports betting app in the 150-billion market that just opened up.
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 critical moment for over-sized chances in the sports betting market.
They plan on coping with everything from casinos, e-sports and poker betting, lotteries, B2B/B2C gaming technology and payment services, 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 timing is concerned, they are about to launch their first game to this huge audience. It is a new app that they have been holding back for years, awaiting sports betting to be legalized.
The catalysts are mounting: Bragg has recently acquired Oryx Gaming, a turnkey gaming solutions provider for sport operators that comprise over 5,000 integrated games, including 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 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, working pretty similar to Sky Betting and Gaming, which 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, beginning with sports betting and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
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 proven growth machines. Since April 2017, Give Me Sport’s UK monthly visitors has increased 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… and also the newly legal sports gambling bonanza is very likely to do exactly that. Casino stocks will probably be one of the largest beneficiaries of the Supreme Court’s May ruling.
And one of the greatest specific catalysts is Caesar’s positioning of itself to obtain access to the wildly lucrative Japanese gaming market, after a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming companies because of the Japanese penchant for gambling, Caesar’s is predicted to soar with this. However, not just with this: The location means it’ll automatically have access to additional Asian gaming tourists.
The recent quarterly earnings also helped, together 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 betting in May,”I think everybody who owns a top-four professional sports team only basically saw the value of the group double”
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 taking a look at the massive market potential for sport television and streaming rights at the moment.
But the biggest thing on buyer radar now is progress towards turning off MSG’s sports business, for which it filed its initial Form 10 on October 4th. The spin-off would mean that investors can better evaluate the organization’s assets and future potential, as Forbes points out, giving both companies”enhanced strategic flexibility to pursue their own identifying business plan and capital allocation policy”.
Number 5 Penn National Gaming (NASDAQ:PENN)
In general, it has been a rollercoaster season for Penn, but the brand new lease on life for sports gambling affects things.
This almost $2.7-billion market cap casino organization is placing its biggest bet yet with a $3.1-million bet the home will win. The price is the largest insider buy in 15 years. And it is about sports betting. Penn will start sports betting at five Mississippi casinos and its Hollywood Casino.
It also got a boost in mid-November on news that it would get Detroit’s Greektown Casino-Hotel’s operations 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 end up rendering the inventory quite cheap after working in the new possibility of this 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 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, every supplying slot machines, table games, high quality hospitality and more supposed to appeal to both casual gamers and dedicated players alike.
GameHost is well-known for supplying dividends to its investors, a plus for people who have stuck with the business through recent years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to reduce costs and improve 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 the gaming sector continues to grow; that a bigger investment chance than casinos may be in growth stocks like Bragg; this GiveMeSport’s brand new website begins with sports gambling before expanding in the other regions like casino games, e-sports, poker and lottery products; which Bragg Systems may have a system that would be approved by gamers; it may leverage the Give Me Sport enthusiast base into sports gambling through Bragg’s platform to drive adoption and expansion; which Bragg can protects its intellectual property; the size of the potential sports gambling marketplace; that Oryx gives it the gambling platform to split into the online sports gambling and gambling market: that more nations in the united states will legalize sports gaming; and that Bragg’s earnings will continue to rise; and that the company intends to grow and acquire assets across 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 these forward-looking statements. Matters that might impact the outcome of these forward looking statements include that markets may not materialize as expected; gambling might not turn out to have as big a market as presumed or become as lucrative as consideration as a result of competition or other factors; fans who like game may 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 amenities, regulatory compliance demands or lack of appropriate employees or contacts; Bragg intellectual property rights applications may not be allowed and even when granted, might not adequately protect Bragg intellectual property rights; and other dangers affecting Bragg in particular and the gambling industry generally. The forward-looking statements in 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 which also affect Bragg including without limitation the following: Competitors may offer better online gaming goods luring away Bragg’s clients; Technology changes rapidly 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 endure; Bragg may experience security breaches and cyber threats; regulators may impose substantial barriers to online gaming companies; Bragg’s business may be negatively affected if customer protection, information privacy and security practices are not sufficient, or perceived as being insufficient, to prevent data breaches, or from the use of consumer protection and information privacy legislation generally; The merchandise or services Bragg distributes through its stage may contain defects, which could adversely affect Bragg’s reputation.
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