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 stage where Las Vegas is transformed into Something Which transcends physical boundaries, and we’ve got the U.S. Supreme Court to thank for opening up a Huge sports betting market that-for starters-will likely absorb the $150 billion the American Gambling Association quotes is bet illegally on sports Each Year from 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 makers are set to cash in their chips .
Some are speculating that societal media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports betting business because they could easily take advantage of the large user bases and infrastructure. However busy this space becomes, all bets are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports gambling. Nowadays, many nations are lining up to replicate something similar to the quarter of a billion bucks from sports bets which New Jersey took in just in October, or better still, the $528 million that Nevada took in.
So while casino stocks, for example, flopped this year, analysts are expecting outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gambling space indicates, again and again, that if investors pick the ideal market, the ideal company, at the perfect time, outsized returns are potential”.
Whether it’s a recognized casino giant angling for fresh flesh, a sports team that sees the green at partnering with the gaming world, or a savvy small that sneaks into place itself as an end-to-end provider of next-gen gaming solutions…
Here Are Five stocks which can get investors into the game:
#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 guys are building a sports gambling empire that’s poised to end up trumping their casino operations, as evidenced by their recent venture deal with Major League Baseball (MLB), which also features in our Top 5 listing. So, MGM will be MLB’s official gaming partner, adding to the resorts firm’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 among the biggest sportsbooks operators in Las Vegas, and MGM will finally have access to its online and mobile gaming platforms-and vice versa-in several 15 nations.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This little-known company boasts the single biggest Facebook page in the online sports business, with 26 million fans who are sports fanatics. The Bragg Gaming Group is betting that many of them are prepared to pounce to a new sports betting app in the $150-billion marketplace that just opened .
Bragg is positioning itself as an end-to-end provider of next-generation gaming options, transitioning from its traditional technology and AI enterprise. It is a transformation that’s timed specifically to take advantage 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 to sports betting, lotteries, B2B/B2C gaming technologies and payment solutions, therefore Bragg is set to hit the ground running. Its secret weapon is its GiveMeSport subsidiary, the proud proprietor of this 26-million-strong Facebook sports data page, which beats even ESPN.
Even better where time is concerned, they are about to launch their first game to this massive audience. It’s a new program that they have been holding back for years, waiting for sports betting to be hailed.
The catalysts are currently mounting: Bragg has recently acquired Oryx Gambling, a turnkey gaming solutions provider for casino operators that include 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 networking company that leverages its cross merchandise and experiential platform to market its varied product package. Its sports betting arm will operate under the GiveMeBet banner, functioning 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 users and work to monetize them, beginning with sports gambling 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 Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gambling are proven 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… and the newly legal sports gambling bonanza is likely to do just that. Casino stocks will probably be one of the largest beneficiaries of the Supreme Court’s May ruling.
And among the greatest specific catalysts is Caesar’s positioning of itself to obtain access to this exceptionally lucrative Japanese gaming market, after a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ for Las Vegas gaming companies because of the Japanese penchant for gambling, Caesar’s is predicted to soar with this. But not only on this: The location means it will automatically have access to additional Asian gambling tourists.
The new quarterly earnings also assisted, 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 right after the Supreme Court ruling on sports gambling in May,”I believe everyone who owns a top-four professional sports team only basically 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, today 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 sport streaming and television rights right now.
But the biggest thing on buyer 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 indicate that investors can better assess the company’s assets and future potential, as Forbes points out, providing both businesses”increased strategic flexibility to pursue their own distinctive business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
In general, it’s been a rollercoaster season for Penn, but the new lease on life for sports gambling changes things.
This nearly $2.7-billion market cap casino company is placing its biggest bet yet using a $3.1-million gamble that the home will win. The deal is the largest insider buy in 15 decades. And it is about sports betting. Penn will launch sports betting at five Mississippi casinos and its Hollywood Casino.
Additionally, it got an increase in mid-November on news that it would get Detroit’s Greektown Casino-Hotel’s operations for $300 million in Cleveland Cavaliers owner Dan Gilbert, the founder of Detroit-based Quicken Loans.
That rollercoaster showing this season, also PENN’s miss on analyst estimates in quarterly reporting wind up making the inventory quite cheap after working in the new possibility of this sports gambling segment and also the casino company’s ability to grasp this chance.
Other Businesses that can’t be forgotten from the new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading hospitality and entertainment supplier based in Alberta, Canada. The business operates four primary components in the Alberta province, every supplying slot machines, table games, high excellent hospitality and more meant to appeal to both casual gamers and committed players alike.
GameHost is famous for providing dividends to its investors, a bonus for those who have stuck with the business over recent years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to decrease costs and improve offerings, making some of the maximum profit margins in the business.
By. Joao Piexe
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FORWARD-LOOKING STATEMENTS. Statements in this communication that 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 gambling sector continues to grow; a larger investment chance than casinos might be in growth stocks such as Bragg; that GiveMeSport’s new website begins with sports gambling before expanding in the other areas including casino games, e-sports, poker and lottery products; which Bragg Systems might have a system that would be approved by gamers; that it may leverage the Give Me Sport fan base into sports betting through Bragg’s platform to drive adoption and growth; which Bragg can protects its intellectual property; the size of the possible sports gaming marketplace; that Oryx provides it the gambling platform to split into the online sports gambling and gambling market: that more states in the US will legalize sports gambling; and Bragg’s earnings will continue to rise; and also that the company intends to raise and acquire assets across 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 accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Things that may impact the outcome of these forward looking statements include that markets might not materialize as anticipated; gaming might not turn out to possess as large a market as presumed or become as lucrative as thought as a result of competition or other factors; fans who enjoy game may not be converted to internet sports gamblers; Bragg might not be able to offer a competitive product or climb upward as thought due to potential inferior online merchandise, lack of capital, lack of amenities, regulatory compliance requirements or absence of appropriate contacts or employees; Bragg intellectual property rights applications may not be allowed as well as when allowed, may not adequately protect Bragg intellectual property rights; and other risks affecting Bragg specifically and the gaming industry generally. The forward-looking statements in 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 laws.
Risk factors for the online sports gambling industry in general that also affect Bragg including without limitation the following: Competitors may offer better internet gaming products luring away Bragg’s clients; Technology changes rapidly from the business and if Bragg fails to expect or successfully implement new technology or adopt new business strategies, technologies or methods, the quality, timeliness and competitiveness of its services and products may suffer; Bragg can experience security breaches and cyber threats; regulators may impose significant barriers to online gaming companies; Bragg’s business may be adversely affected if consumer protection, data privacy and security practices aren’t sufficient, or perceived as being insufficient, to prevent data breaches, or from the use of consumer protection and data privacy laws normally; The products or services Bragg spreads through its stage may contain defects, which may negatively impact Bragg’s standing.
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