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’ve got the U.S. Supreme Court to thank for opening up a Huge 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 big and diverse. Everybody from live in-game gambling operators, to casinos, sports clubs and betting app manufacturers are set to cash in their chips .
Some are speculating that social media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to go into the sports gambling business because they could easily take advantage of their large user bases and infrastructure. However busy this distance becomesall stakes are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports betting. Now, many states are lining up to copy something like the quarter of a billion bucks in sports stakes which New Jersey took in only in October, or even better, the $528 million which 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 gaming area has shown, time and again, that if investors pick the right market, the ideal company, at the right time, oversize returns are possible”.
When it’s a recognized casino giant angling for fresh flesh, a sports team that sees the green in partnering with the gaming world, or a savvy small-cap that sneaks in to position itself as a end-to-end supplier of next-gen gaming options…
Here are 5 stocks that can get investors into the sport:
#1 MGM Resorts (NYSE:MGM)
The largest casino operator in the United States, MGM pulls in more than $4 billion in revenue just from Las Vegas, but today its angling enormous for sports betting, surrounding it on all fronts.
In no uncertain terms, these men are building a sports gambling empire that’s poised to wind up trumping their casino operations, as evidenced by their latest partnership 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 hotels firm’s sports line-up, which 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 largest sportsbooks operators in Las Vegas, and MGM will finally have access to its internet and mobile gaming platforms-and vice versa-in some 15 states.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single largest Facebook page in the online sports industry, with 26 million lovers that are sports fanatics. The Bragg Gambling Group is gambling that many are ready to pounce to a new sports betting app in the 150-billion market that opened .
Bragg is positioning itself as an end-to-end provider of next-generation gambling options, transitioning from its conventional technology and AI business. It’s a transformation that is timed specifically to make the most of this critical moment for outsized opportunities 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 solutions, so Bragg is set to hit the floor running. Its secret weapon is its own GiveMeSport subsidiary, the proud proprietor of the 26-million-strong Facebook sports data page, which defeats 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’ve been holding back for years, awaiting sports gambling to be legalized.
The catalysts are currently mounting: Bragg has recently acquired Oryx Gambling, a turnkey gaming solutions provider for casino operators which include 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 product and multi-channel platform to advertise its diverse product package. Its sports gambling arm will function under the GiveMeBet banner, working pretty similar to Sky Betting and Gambling, which 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 then moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
Thus, Bragg will own three gaming and media resources: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gaming are established growth machines. Since April 2017, Give Me Sport’s UK monthly traffic has increased by 5 million and now exceeds 30M. Revenue has increased by a healthy 30% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and the newly legal sports betting bonanza is likely to do exactly that. Casino stocks will be one of the biggest beneficiaries of the Supreme Court’s May judgment.
And one of the biggest specific catalysts is Caesar’s positioning of itself to gain access to the wildly lucrative Japanese gaming market, following 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 predicted to soar on this. But not just with this: The place means it’ll automatically have access to additional Asian gambling tourists.
The new quarterly earnings also helped, 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 ruling on sports betting in May,”I believe everybody who possesses a top-four professional sports club just 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, now appears to be undervalued.
And there are some big catalysts here. Longer-term, investors should be taking a look at the massive market potential for sports streaming and television rights right now.
However, the biggest thing on buyer radar now is progress towards turning off MSG’s sports business, for that it filed its first Form 10 on October 4th. The spin-off would mean that investors can better assess the organization’s assets and future possible, as Forbes points out, providing both companies”increased tactical flexibility to pursue their own distinctive business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
Overall, it’s been a rollercoaster year for Penn, but the new lease on life for sports betting changes things.
This almost $2.7-billion market cap casino company is placing its biggest bet yet using a $3.1-million gamble the home will win. The price is the largest insider purchase in 15 years. And it is all about sports betting. Penn will launch sports betting at five Mississippi casinos and its Hollywood Casino.
It also gained an increase in mid-November on information that it might get 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 season, also PENN’s overlook on analyst estimates in quarterly reporting end up making the stock quite 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’t be forgotten from the new gaming flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top hospitality and entertainment provider based in Alberta, Canada. The business operates four primary components in the Alberta province, every supplying slot machines, table games, high quality hospitality and much more supposed to appeal to both casual gamers and dedicated players alike.
GameHost is famous for supplying dividends to its shareholders, a bonus for people 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 reduce prices and enhance offerings, making some of the highest profit margins in the business.
By. Joao Piexe
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FORWARD-LOOKING STATEMENTS. Statements in this communication which are not purely historical are forward-looking statements and contain statements regarding beliefs, plans, intent, predictions or other statements of future tense. Forward looking statements in this article include that the gambling industry continues to grow; that a bigger investment chance than casinos might be in growth stocks such as Bragg; that GiveMeSport’s brand new site will start with sports betting before expanding into the other regions including casino games, e-sports, poker and lottery products; that Bragg Systems might have a system which would be accepted by gamers; it can leverage the Give Me Sport enthusiast base into sports betting through Bragg’s platform to drive adoption and expansion; that Bragg can protects its intellectual property; the magnitude of the potential sports gaming market; that Oryx gives it the gambling platform to break into the online sports gaming and gambling market: that more nations in the united states will legalize sports gaming; and Bragg’s revenues will continue to increase; and that the company intends to raise and acquire assets across the full range of gaming verticals in numerous 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 those forward-looking statements. Things that may affect 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 lucrative as consideration as a result of competition or other factors; enthusiasts who enjoy sport might not be converted to online sports gamblers; Bragg may not be in a position to offer a competitive product or scale up as thought due to potential inferior online merchandise, lack of funds, lack of amenities, regulatory compliance requirements or lack of appropriate 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 gaming industry generally. The forward-looking statements within 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 legislation.
Risk factors for the online sports gaming industry in general which also impact Bragg including without limitation the following: Competition may offer better internet gaming goods luring away Bragg’s clients; Technology changes quickly from the company and if Bragg fails to expect or successfully implement new technology or embrace new business strategies, technologies or methods, the quality, timeliness and competitiveness of its products and services may endure; Bragg may experience security breaches and cyber threats; authorities may impose significant hurdles to internet gaming firms; Bragg’s business may be negatively affected if customer security, information privacy and security practices aren’t sufficient, or perceived as being inadequate, 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 flaws, which could negatively impact Bragg’s reputation.
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