5 Companies That Could Win Big as the U.S. Legalizes Sports Betting

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LONDON, January 17, 2019 /PRNewswire/ —

FN Media Group Presents Safehaven.com Market Commentary
This is the point where Las Vegas is changed into Something Which transcends physical borders, and we have the U.S. Supreme Court to thank for opening up a massive sports betting market that-for starters-will probably absorb the $150 billion the American Gambling Association estimates is bet illegally on sports Each 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 big and varied. Everybody from live in-game gambling operators, to sports, sports clubs and betting app manufacturers are set to cash in their chips here.
Some are even speculating that societal media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to go into the sports gambling business since they could easily make the most of the massive user foundations and infrastructure. However busy this distance becomesall stakes are on the house.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports betting. Nowadays, many nations are lining up to copy something like the quarter of a billion dollars from sports bets that New Jersey took in only in October, or better still, the $528 million that Nevada earned 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, again and again, that should investors pick the ideal market, the ideal company, at the perfect time, outsized returns are potential”.
When it’s an established casino giant angling for fresh flesh, a sports group that sees the green at partnering with the gaming world, or a savvy small-cap that sneaks in to place itself as a end-to-end supplier of next-gen gaming solutions…
Here Are Five stocks that can get investors to 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 now its angling big for sports betting, surrounding it on all fronts.
In no uncertain terms, these guys are constructing a sports betting empire that is poised to wind up trumping their casino operations, as evidenced by their recent partnership deal with Major League Baseball (MLB), which also comes in our Top 5 listing. Thus, MGM will be MLB’s official gambling companion, adding to the hotels company’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 vegas, and MGM will now have access to its online and mobile gaming platforms-and vice versa-in some 15 nations.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single biggest Facebook page at the internet sports business, with 26 million fans who are sports fanatics. The Bragg Gaming Group is gambling that many are ready to pounce to a brand new sports betting app in the 150-billion marketplace that opened up.
Bragg is positioning itself as an end-to-end supplier of next-generation gaming options, transitioning from the conventional tech and AI enterprise. It is a transformation that’s timed specifically to take advantage of the critical 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 floor running. Its secret weapon is its GiveMeSport subsidiary, the proud proprietor of the 26-million-strong Facebook sports information page, which beats even ESPN.
Even better where time is worried, they are about to start their first game to this huge audience. It is a new app that they have been holding back for decades, awaiting sports gambling to be hailed.
The catalysts are mounting: Bragg has recently acquired Oryx Gambling, a turnkey gaming solutions provider for casino 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 networking company that leverages its cross merchandise and experiential platform to advertise its varied product suite. Its sports gambling arm will function under the GiveMeBet banner, functioning pretty much like Sky Betting and Gaming, which has been sold to the Stars Group to April this year for 5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M consumers and work to market them, starting with sports gambling and moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
Thus, Bragg will have three gaming and media assets: GiveMeSport, Oryx Gambling 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 now exceeds 30M. Revenue has grown by a healthy 30% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and the recently legal sports gambling bonanza is very likely to do just that. Casino stocks will be one of the largest beneficiaries of the Supreme Court’s May ruling.
And one of the biggest specific catalysts is Caesar’s positioning of itself to gain access to this exceptionally lucrative Japanese gaming market, following 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 gaming, Caesar’s is expected to soar with this. But not just on this: The location means it’ll automatically have access to other 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 the quarter.
#4 Madison Square Gardens (NYSE:MSG)
As billionaire Dallas Mavericks owner Mark Cuban told CNBC right after the Supreme Court ruling on sports betting in May,”I think everybody who owns a top-four professional sports team only basically watched the value of their team double.”
The almost $7-billion market cap MSG, that 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 television and streaming rights right now.
But the biggest thing on investor radar presently is progress towards spinning off MSG’s sports industry, for which 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 potential, as Forbes points out, providing both companies”enhanced strategic flexibility to pursue their own identifying business plan and funding allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
Overall, it has been a rollercoaster season for Penn, but the new lease on life for sports gambling affects matters.
This nearly $2.7-billion market cap casino organization is placing its biggest bet yet using a $3.1-million gamble that the home will win. The deal is the largest insider purchase in 15 years. And it is all about sports betting. Penn will launch sports gambling at five Mississippi casinos and its Hollywood Casino.
Additionally, it gained a boost in mid-November on information that it would 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, plus PENN’s miss on analyst quotes in quarterly reporting wind up rendering the inventory fairly cheap after working in the new possibility of the sport betting segment and the casino company’s ability to grasp this chance.
Other companies that can not be forgotten from the new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top entertainment and hospitality provider based in Alberta, Canada. The company operates four principal properties in the Alberta province, each offering slot machines, table games, top excellent hospitality and more meant to appeal to both casual players and committed players alike.
GameHost is well-known for providing dividends to its shareholders, a bonus for people who have stuck with the business over recent years. In reality, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease prices and enhance offerings, making some of the highest profit margins in the company.
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 aren’t 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 the gaming industry continues to grow; that a bigger investment opportunity than casinos may be in growth stocks such as Bragg; this GiveMeSport’s new website begins 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 that would be accepted by players; that it may leverage the Give Me Sport enthusiast base into sports betting through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the magnitude of the possible sports gambling market; that Oryx provides it the gambling platform to split into the online sports gaming and gambling market: that more states in the US will legalize sports gambling; and that Bragg’s earnings will continue to increase; and also that the firm intends to grow and acquire assets across 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 those forward-looking statements. Matters that might affect the outcome of these forward looking statements include markets may not materialize as expected; gambling may not turn out to have as big a market as presumed or be lucrative as thought as a consequence of competition or other factors; fans who enjoy sport might not be converted to online sports bettors; Bragg may not be in a position to offer a competitive product or scale upward as thought because of potential inferior online product, lack of funds, lack of facilities, regulatory compliance demands or absence of suitable contacts or employees; Bragg intellectual property rights software might not be allowed and even if allowed, might not adequately protect Bragg intellectual property rights; and other dangers affecting Bragg in particular and the gaming industry generally. The forward-looking statements within 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 laws.
Risk factors for the online sports gaming industry in general which also impact Bragg including without limitation the following: Competitors may offer better internet gaming goods luring away Bragg’s customers; Technology changes quickly from the business and when Bragg fails to anticipate or successfully implement new technologies or embrace 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 internet gaming firms; Bragg’s business could be negatively affected if customer protection, information privacy and safety practices are not adequate, or perceived as being inadequate, to prevent data breaches, or from the use of consumer protection and data privacy laws normally; The products or services Bragg spreads through its platform may contain flaws, which could adversely affect Bragg’s standing.
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