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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 point in time 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 the American Gambling Association quotes is bet on sports every 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 gambling operators, to sports, sports clubs and betting app makers are set to cash in their chips here.
Some are speculating that societal media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to go into the sports betting business since they could easily take advantage of the large user bases and infrastructure. However crowded this space becomesall stakes are on the house.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports gambling. Now, many states are lining up to copy something similar to the quarter of a billion dollars in sports bets that New Jersey took in only in October, or better still, the $528 million which Nevada earned in.
So while casino stocks, for instance, flopped this year, analysts are expecting outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gambling area indicates, time and again, that should investors pick the ideal market, the right company, at the right time, outsized returns are possible”.
When it’s a recognized casino giant angling for new flesh, a sports team that sees the green in partnering with the gambling world, or a savvy small-cap that sneaks into place itself as an end-to-end supplier of next-gen gaming options…
Here are 5 stocks that can get investors to the game:
#1 MGM Resorts (NYSE:MGM)
The largest casino operator in the USA, MGM pulls in more than $4 billion in revenue just from Las Vegas, but now its angling enormous 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 venture deal with Major League Baseball (MLB), which also comes in our Top 5 listing. So, MGM will be MLB’s official gaming companion, adding to the resorts company’s sports line-up, which already included pro basketball and hockey.
Investors will also be watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is one of the largest sportsbooks operators in Las Vegas, and MGM will now have access to the internet and mobile gaming platforms-and vice versa-in some 15 states.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single biggest Facebook page in the online sports industry, with 26 million lovers that are sports fanatics. The Bragg Gaming Group is betting that lots are prepared 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 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 critical moment for outsized 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 GiveMeSport subsidiary, the proud proprietor of this 26-million-strong Facebook sports information page, which defeats even ESPN.
Even better where timing is worried, they are going to start their first game to this huge audience. It’s 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 Gaming, a turnkey gaming solutions provider for casino operators which 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 varied product suite. Its sports betting arm will operate under the GiveMeBet banner, functioning pretty much like Sky Betting and Gaming, that has been 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 on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
Thus, Bragg will own three gambling and media assets: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gambling 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% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… along with the recently legal sports betting bonanza is very likely to do just that. Casino stocks will probably be among the biggest beneficiaries of the Supreme Court’s May judgment.
And among the biggest specific catalysts is Caesar’s positioning of itself to obtain access to this exceptionally lucrative Japanese gaming market, following a Japanese judgment in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ for Las Vegas gaming companies 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 gambling tourists.
The recent quarterly earnings also assisted, 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 gambling in May,”I believe everybody who possesses a top-four professional sports team only essentially watched the value of the group twice ”
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 some huge catalysts here. Longer-term, investors should be looking at the massive market potential for sports streaming and television rights at the moment.
However, the biggest thing on investor radar now is progress towards turning off MSG’s sports industry, for that 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 distinctive business plan and funding allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
Overall, it has been a rollercoaster year for Penn, but the brand new lease on life for sports betting changes matters.
This nearly $2.7-billion market cap casino company is putting its biggest bet yet using a $3.1-million bet the house will win. The deal is the largest insider buy in 15 decades. And it is about sports betting. Penn will start sports gambling at five Mississippi casinos and its Hollywood Casino.
It also gained an increase in mid-November on news that it might acquire Detroit’s Greektown Casino-Hotel’s surgeries for $300 million in Cleveland Cavaliers owner Dan Gilbert, the creator of Detroit-based Quicken Loans.
That rollercoaster showing this year, plus PENN’s overlook on analyst quotes in quarterly reporting end up making the stock fairly cheap after working in the new potential of the sport betting segment and the casino company’s capability to grasp this chance.
Other Businesses that can not be forgotten from the brand new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top hospitality and entertainment provider based in Alberta, Canada. The company operates four principal components in the Alberta province, every offering slot machines, table games, high excellent hospitality and much more meant to appeal to both casual gamers and committed gamers alike.
GameHost is well-known for providing dividends to its shareholders, a plus for people who have stuck with the company over the years. In reality, its focus on increasing value for investors is made abundantly clear in its mission to reduce costs and improve offerings, making some of the maximum profit margins in the business.
By. Joao Piexe
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
FORWARD-LOOKING STATEMENTS. Statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other announcements of future tense. Forward looking statements in this article include that the gaming industry continues to grow; that a larger investment opportunity than casinos might be in growth stocks like Bragg; that GiveMeSport’s new site will start with sports betting before expanding in the other areas like casino games, e-sports, poker and lottery products; that Bragg Systems may have a system which would be accepted by gamers; it may leverage the Offer Me Sport fan base into sports gambling through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the size of the possible sports gambling marketplace; that Oryx gives it the gambling platform to split into the online sports gaming and betting market: that more states in the US will legalize sports gaming; and Bragg’s revenues will continue to increase; and that the company intends to raise and acquire assets across 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 impact the outcome of those forward looking statements include markets might not materialize as expected; gaming might not turn out to have as big a market as presumed or be lucrative as consideration as a consequence of competition or other factors; enthusiasts who enjoy game might not be converted to online sports gamblers; Bragg may not be able to give a competitive product or scale up as thought due to potential inferior online product, lack of funds, lack of amenities, regulatory compliance requirements or absence of suitable employees or contacts; Bragg intellectual property rights software might not be allowed and even if allowed, may not adequately protect Bragg intellectual property rights; and other dangers 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 legislation.
Risk factors for your online sports gambling industry in general which also impact Bragg including without limitation the following: Competitors may offer better online gaming products luring away Bragg’s customers; Technology changes rapidly in the company and when Bragg fails to anticipate or successfully implement new technology or embrace new business strategies, methods or technologies, the quality, timeliness and competitiveness of its products and services may endure; Bragg can experience security breaches and cyber threats; regulators may impose significant hurdles to online gaming companies; Bragg’s business may be negatively affected if consumer security, information privacy and security practices aren’t sufficient, or perceived as being insufficient, to prevent data breaches, or from the use of consumer protection and information privacy legislation generally; The products or services Bragg spreads through its platform may contain defects, which may negatively impact Bragg’s reputation.
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