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 in time where Las Vegas is transformed into Something Which transcends physical boundaries, and we have the U.S. Supreme Court to thank you for opening up a Huge sports gambling market that-for starters-will probably absorb the $150 billion that the American Gambling Association quotes is bet on sports Each 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 makers are set to cash in their chips here.
Some are even speculating that social 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 their large user foundations 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 copy 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 anticipating outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gambling area has shown, again and again, that should investors pick the right market, the right company, at the perfect time, oversize returns are possible”.
When it’s an established casino giant angling for new flesh, a sports team which sees the green in partnering with the gaming world, or a savvy small-cap that sneaks into place itself as an end-to-end provider of next-gen gaming options…
Here Are Five stocks that can get investors to the game:
#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 enormous for sports gambling, surrounding it on all fronts.
In no uncertain terms, these guys are constructing a sports gambling empire that’s poised to end 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. Thus, MGM will be MLB’s official gambling partner, adding to the hotels company’s sports line-up, which already included pro hockey and basketball.
Investors will also be watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is one of the biggest sportsbooks operators in vegas, and MGM will finally have access to its online and mobile gaming platforms-and vice versa-in several 15 states.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This famous firm 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 lots of them are prepared to pounce on a brand new sports betting app in the $150-billion marketplace that just opened .
Bragg is positioning itself as an end-to-end supplier of next-generation gaming solutions, transitioning from the traditional technology and AI business. It’s a transformation that’s timed specifically to take advantage of this crucial 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 solutions, so Bragg is set to hit the floor running. Its secret weapon is its GiveMeSport subsidiary, the proud owner of the 26-million-strong Facebook sports information page, which beats even ESPN.
Even better where timing is concerned, they are about to launch their first game to this huge audience. It’s a new app that they’ve been holding back for years, awaiting sports betting to be hailed.
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 product and multi-channel platform to advertise its varied product suite. Its sports betting arm will operate under the GiveMeBet banner, working 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 consumers and perform to monetize them, starting with sports betting and then moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
So, Bragg will own three gaming and media assets: 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 visitors has increased by 5 million and currently exceeds 30M. Revenue has grown by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and the newly legal sports gambling bonanza is very likely to do just that. Casino stocks will probably be among the biggest 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 this exceptionally lucrative Japanese gaming market, following a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming firms because of the Japanese penchant for gaming, Caesar’s is expected to soar on this. However, not just with this: The location means it will automatically have access to other Asian gaming tourists.
The recent 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 shortly after the Supreme Court ruling on sports gambling in May,”I believe everyone who possesses a top-four professional sports club only essentially watched the value of the group twice .”
The almost $7-billion market cap MSG, which owns 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 sport streaming and television rights at the moment.
However, the biggest thing on buyer radar presently is progress towards spinning 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, providing both businesses”enhanced strategic flexibility to pursue their own identifying business plan and capital 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 affects matters.
This almost $2.7-billion market cap casino organization is putting its biggest bet yet using a $3.1-million bet that the home will win. The deal is the biggest insider buy in 15 decades. And it’s all about sports gambling. Penn will start sports betting at five Mississippi casinos and its Hollywood Casino.
Additionally, it got a boost in mid-November on news that it would acquire 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 miss on analyst quotes in quarterly reporting wind up making the inventory fairly cheap after working in the new possibility of this sports betting segment and the casino company’s capability to grasp this chance.
Other companies that can not be forgotten in the new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading entertainment and hospitality provider based in Alberta, Canada. The company operates four principal components in the Alberta province, every offering slot machines, table games, top quality hospitality and more supposed to appeal to both casual players and dedicated gamers alike.
GameHost is famous for providing dividends to its investors, a bonus for those who have stuck with the business through recent years. In fact, its focus on increasing value for shareholders is made abundantly clear in its mission to reduce prices 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 which aren’t purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Forward looking statements in this article include that the gaming industry continues to grow; that a larger investment opportunity than casinos may be in growth stocks such as Bragg; this GiveMeSport’s brand new site begins with sports gambling before expanding into the other areas including casino games, e-sports, poker and lottery products; that Bragg Systems might have a system which will be approved by gamers; it can 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 possible sports gambling marketplace; that Oryx gives it the gaming platform to break into the online sports gambling and betting market: that more nations in the US will legalize sports gaming; and Bragg’s earnings will continue to rise; and that the firm intends to grow and acquire assets across the full spectrum of gaming verticals in numerous jurisdictions. Forward looking statements involve known and unknown risks and uncertainties that might not prove to be true. Actual results and outcomes may differ materially from what is expressed or forecasted in those forward-looking statements. Things that might affect the outcome of those forward looking statements include that markets may not materialize as anticipated; gaming may not turn out to possess as large a market as thought or become lucrative as consideration as a consequence of competition or other factors; fans who enjoy sport might not be converted to online sports gamblers; Bragg may not be able to give a competitive product or climb up as thought because of potential inferior online merchandise, lack of capital, lack of amenities, regulatory compliance requirements or lack of appropriate contacts or employees; Bragg intellectual property rights applications may not be allowed and even when granted, may not adequately protect Bragg intellectual property rights; and other risks affecting Bragg specifically and the gaming industry generally. The forward-looking statements in the 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 legislation.
Risk factors for your online sports gambling industry in general that also impact Bragg including without limitation the following: Competition may offer better online gaming goods luring away Bragg’s customers; Technology changes rapidly in the company and if Bragg fails to anticipate or successfully implement new technology or adopt new business strategies, methods or technologies, the quality, timeliness and competitiveness of its services and products may suffer; Bragg may experience security breaches and cyber threats; regulators may impose significant barriers to online gaming companies; Bragg’s business could be negatively affected if customer security, data privacy and security practices are not sufficient, or perceived as being insufficient, to prevent data breaches, or by the use of consumer protection and information privacy laws normally; The merchandise or services Bragg distributes via its platform may contain defects, which could negatively impact Bragg’s reputation.
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