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 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 massive sports gambling market that-for starters-will likely absorb the $150 billion 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 large and varied. Everybody from live in-game betting operators, to casinos, 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 their massive user foundations and infrastructure. However busy this space becomesall stakes are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from authorizing sports gambling. Now, many states are lining up to copy something similar to the quarter of a billion dollars in sports bets which New Jersey took in just in October, or even better, the $528 million that Nevada took in.
So while casino stocks, for instance, flopped this year, analysts are anticipating outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gaming area indicates, again and again, that should investors pick the right market, the ideal company, at the right time, oversize returns are possible”.
When it’s an established casino giant angling for fresh flesh, a sports team which sees the green in partnering with the gambling world, or a savvy small that sneaks in to position itself as an end-to-end provider of next-gen gaming solutions…
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 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, according to their latest venture deal with Major League Baseball (MLB), which also features in our Top 5 listing. So, MGM will be MLB’s official gambling partner, adding to the resorts 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 largest sportsbooks operators in vegas, and MGM will now have access to the 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 biggest Facebook page at the online sports business, with 26 million lovers who are sports fanatics. The Bragg Gambling Group is betting that lots are prepared to pounce on a brand new sports betting app in the $150-billion market that opened .
Bragg is positioning itself as an end-to-end supplier of next-generation gambling options, transitioning from its conventional technology and AI enterprise. It is a transformation that is timed specifically to take advantage of this crucial moment for outsized opportunities in the sports betting market.
They plan on coping with everything from casinos, e-sports and poker to sports 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 proprietor of this 26-million-strong Facebook sports data page, which defeats even ESPN.
Even better where time is worried, they are about to launch their first game to this huge audience. It’s a new program 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 sport operators that comprise over 5,000 integrated games, such as 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 diverse product suite. Its sports betting arm will function under the GiveMeBet banner, functioning pretty much like Sky Betting and Gambling, that was sold to the Stars Group to April this year for 5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M users and work to market them, starting with sports betting and moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, Bragg will own three gambling and media assets: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are proven growth machines. Since April 2017, Give Me Sport’s UK monthly traffic 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… and also the recently legal sports betting bonanza is likely to do exactly that. Casino stocks will be among the largest beneficiaries of the Supreme Court’s May ruling.
And among the biggest 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 due to 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, together with CZR reporting $.0.03 earnings per share, meeting analyst expectations, with $2.19 billion in revenue 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 betting in May,”I believe everyone who owns a top-four professional sports team only essentially saw the value of their team double”
The nearly $7-billion market cap MSG, which possesses the New York Knicks and the New York Rangers, now appears to be undervalued.
And there are some huge catalysts here. Longer-term, investors should be taking a look at the huge market potential for sport streaming and television rights at the moment.
However, the greatest thing on investor radar now is progress towards spinning off MSG’s sports business, for which it filed its initial 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 strategic flexibility to pursue their own identifying business plan and funding allocation policy”.
Number 5 Penn National Gaming (NASDAQ:PENN)
Overall, it’s been a rollercoaster year for Penn, but the new lease on life for sports betting affects matters.
This nearly $2.7-billion market cap casino company is putting its biggest bet yet with a $3.1-million gamble that the house will win. The deal is the largest insider buy in 15 years. And it’s all about sports betting. Penn will start sports betting at five Mississippi casinos and its own Hollywood Casino.
It also got an increase in mid-November on information that it would acquire Detroit’s Greektown Casino-Hotel’s surgeries for $300 million from Cleveland Cavaliers owner Dan Gilbert, the creator of Detroit-based Quicken Loans.
That rollercoaster showing this year, plus PENN’s miss on analyst quotes in quarterly reporting wind up making the inventory quite cheap after working from the new potential of this sports gambling segment and also the casino company’s capability to grasp this chance.
Other companies that can’t be forgotten in the new gaming flourish:
GameHost is a leading entertainment and hospitality provider based in Alberta, Canada. The company operates four primary properties in the Alberta province, every supplying slot machines, table games, top excellent hospitality and more meant to appeal to both casual players and dedicated gamers alike.
GameHost is well-known for providing dividends to its shareholders, a plus for those who have stuck with the company through recent years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to decrease prices and enhance offerings, creating some of the maximum profit margins in the business.
By. Joao Piexe
FORWARD-LOOKING STATEMENTS. Statements in this communication that aren’t 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; a bigger investment chance than casinos may be in growth stocks such as Bragg; this GiveMeSport’s brand new website will start with sports gambling before expanding in the other regions including casino games, e-sports, poker and lottery products; that Bragg Systems may have a system that would be accepted by gamers; it can leverage the Offer Me Sport enthusiast 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 market; that Oryx gives it the gambling platform to split into the online sports gambling and gambling market: that more states in the united states will legalize sports gaming; and that Bragg’s revenues will continue to rise; and also that the company intends to raise and acquire assets throughout the entire spectrum of gaming verticals in numerous jurisdictions. Forward looking statements involve known and unknown risks and uncertainties which may 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 may impact the outcome of these forward looking statements include markets may not materialize as anticipated; gambling might not turn out to have as big a market as presumed or become as lucrative as consideration as a consequence of competition or other factors; enthusiasts who enjoy game may not be converted to online sports gamblers; Bragg may not be in a position to offer a competitive product or climb upward as thought due to potential inferior online product, lack of capital, lack of amenities, regulatory compliance requirements or absence of suitable contacts or employees; Bragg intellectual property rights software may not be granted and even if granted, might not adequately protect Bragg intellectual property rights; and other risks 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 the online sports gambling industry in general that also affect Bragg including without limitation the following: Competitors may offer better online gaming goods luring away Bragg’s customers; Technology changes rapidly from the company and if Bragg fails to anticipate or successfully implement new technologies or adopt new business strategies, methods or technologies, the quality, timeliness and competitiveness of its services and products may endure; Bragg can experience security breaches and cyber threats; regulators may impose significant barriers to online gaming companies; Bragg’s business may be negatively affected if customer protection, information privacy and safety practices are not sufficient, or perceived as being inadequate, to prevent data breaches, or from the application of consumer protection and data privacy legislation normally; The products or services Bragg spreads via its platform may contain defects, which may adversely affect Bragg’s reputation.
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