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 point where Las Vegas is changed into Something Which transcends physical boundaries, 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 that 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 varied. Everyone from live in-game betting operators, to casinos, sports clubs and betting app 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 enter the sports betting business because they could easily take advantage of their massive user bases and infrastructure. However busy this distance becomes, all bets are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from authorizing sports betting. Now, many states are lining up to replicate something similar to the quarter of a billion bucks from sports bets that New Jersey took in only in October, or better still, the $528 million that Nevada earned in.
So while casino stocks, for example, flopped this year, analysts are expecting outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gaming space indicates, time and again, that if investors pick the ideal market, the right company, at the perfect time, outsized returns are possible”.
Whether it’s an established casino giant angling for fresh flesh, a sports group which sees the green at partnering with the gaming world, or a savvy small-cap that sneaks in to position itself as an end-to-end supplier of next-gen gaming solutions…
Here Are Five stocks which can get investors to the sport:
#1 MGM Resorts (NYSE:MGM)
The biggest casino operator in the USA, MGM pulls in more than $4 billion in revenue just from Las Vegas, but now its angling big for sports gambling, surrounding it on all fronts.
In no uncertain terms, these guys are building 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 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 included pro basketball and hockey.
Investors will also be 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 its internet and mobile gaming platforms-and vice versa-in several 15 states.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single biggest Facebook page at the internet sports business, with 26 million fans who are sports fanatics. The Bragg Gaming Group is gambling that lots of them are ready to pounce to a brand new sports gambling app in the 150-billion market that opened up.
Bragg is positioning itself as an end-to-end provider of next-generation gaming options, transitioning from its conventional technology and AI enterprise. It is a transformation that’s timed specifically to make the most of this critical moment for outsized opportunities 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 solutions, therefore Bragg is set to hit the ground running. Its secret weapon is its GiveMeSport subsidiary, the proud owner of this 26-million-strong Facebook sports information page, which beats even ESPN.
Even better where timing is worried, they are about to start their first game to this huge audience. It’s a new program that they have been holding back for decades, waiting for sports betting to be hailed.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gaming, a turnkey gaming solutions provider for sport operators which include over 5,000 integrated games, including 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 merchandise and experiential platform to advertise its diverse product package. Its sports betting arm will function under the GiveMeBet banner, functioning pretty similar to Sky Betting and Gaming, which was sold to the Stars Group to April this year for 5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M users and work to monetize them, beginning with sports betting and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
So, Bragg will own three gambling and media resources: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are established 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… along with the recently legal sports gambling bonanza is very likely to do just that. Casino stocks will be among the biggest beneficiaries of the Supreme Court’s May ruling.
And among the greatest specific catalysts is Caesar’s positioning of itself to gain access to the exceptionally lucrative Japanese gaming market, following a Japanese judgment in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming companies due to the Japanese penchant for gaming, Caesar’s is predicted to soar on this. But not only on this: The location means it will automatically have access to other Asian gambling tourists.
The recent quarterly earnings also assisted, with CZR reporting $.0.03 earnings per share, meeting analyst expectations, with $2.19 billion in revenue for the 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 everybody who possesses a top-four professional sports club only essentially saw the value of the team double.”
The nearly $7-billion market cap MSG, which owns 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 right now.
But the biggest 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 indicate that investors can better evaluate the company’s assets and future potential, as Forbes points out, giving both companies”increased tactical flexibility to pursue their own identifying business plan and capital allocation policy”.
#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 placing its biggest bet yet with a $3.1-million bet the home will win. The price is the largest insider purchase in 15 years. And it’s about sports betting. Penn will start sports betting at five Mississippi casinos and its Hollywood Casino.
Additionally, it got an increase in mid-November on information that it might 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 season, also PENN’s overlook on analyst estimates in quarterly reporting end up rendering the inventory fairly cheap after working in the new potential of the sport gambling segment and the casino company’s capability to grasp this chance.
Other Businesses that can not be forgotten in the new gaming flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading hospitality and entertainment supplier based in Alberta, Canada. The company operates four primary properties in the Alberta province, each supplying slot machines, table games, high quality hospitality and much more meant to appeal to both casual gamers and dedicated gamers alike.
GameHost is famous for supplying dividends to its investors, a bonus for people who have stuck with the company through the years. In fact, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease costs and enhance offerings, creating some of the maximum 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 industry continues to grow; a bigger investment chance than casinos might be in growth stocks like Bragg; that GiveMeSport’s brand new site will start with sports betting before expanding in the other regions like casino games, e-sports, poker and lottery products; that Bragg Systems may have a system which will be accepted by players; it may leverage the Give Me Sport fan base into sports betting through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the size of the possible sports gaming marketplace; that Oryx gives it the gaming platform to split into the online sports gambling and betting market: that more nations in the US will legalize sports gambling; and that Bragg’s earnings will continue to increase; and also that the company intends to grow and acquire assets throughout the full range of gaming verticals in multiple jurisdictions. Forward looking statements involve known and unknown risks and uncertainties that might 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 those forward looking statements include markets may not materialize as expected; gaming might not turn out to have as large a market as presumed or become as lucrative as thought as a result of competition or other factors; fans who like sport may not be converted to online sports bettors; Bragg may not be in a position to give a competitive product or scale up as thought because of prospective inferior online product, lack of capital, lack of amenities, regulatory compliance demands or lack of suitable employees or contacts; Bragg intellectual property rights applications may not be allowed as well as if allowed, might not adequately protect Bragg intellectual property rights; and other risks affecting Bragg in particular 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 gaming industry in general which also impact Bragg including without limitation the following: Competitors may offer better online gaming goods luring away Bragg’s clients; Technology changes quickly from the business and when Bragg fails to expect or successfully implement new technology or embrace new business strategies, methods or technologies, the quality, timeliness and competitiveness of its products and services may suffer; Bragg can experience security breaches and cyber threats; regulators may impose substantial barriers to internet gaming firms; Bragg’s business may be adversely affected if customer protection, information privacy and security practices aren’t sufficient, or perceived as being insufficient, to prevent data breaches, or by the application of consumer protection and data privacy legislation generally; The merchandise or services Bragg distributes through its stage may contain flaws, which could negatively impact Bragg’s reputation.
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