LONDON, January 17, 2019 /PRNewswire/ —
FN Media Group Gifts Safehaven.com Market Commentary
This is the stage where Las Vegas is changed into something that transcends physical boundaries, and we have the U.S. Supreme Court to thank for opening up a massive sports gambling market that-for starters-will likely absorb the $150 billion the American Gambling Association estimates is bet illegally on sports Each Year from 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 large and diverse. Everyone from live in-game gambling operators, to casinos, sports clubs and betting app makers are set to cash in their chips .
Some are speculating that societal media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports betting business since they could easily make the most of the large user bases and infrastructure. However crowded this space 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. Nowadays, many states are lining up to copy something like the quarter of a billion dollars from sports bets which New Jersey took in only in October, or even better, the $528 million which 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 gambling area has shown, time and again, that should investors pick the ideal market, the right company, at the right time, outsized returns are possible”.
When it’s a recognized casino giant angling for fresh flesh, a sports team that sees the green at partnering with all the gaming world, or a savvy small-cap that sneaks into place itself as a 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 big for sports gambling, surrounding it on all fronts.
In no uncertain terms, these guys are constructing a sports betting empire that is poised to end up trumping their casino operations, according to their recent partnership deal with Major League Baseball (MLB), which also features in our Top 5 listing. Thus, MGM will be MLB’s official gaming companion, adding to the resorts company’s sports line-up, which already included pro hockey and basketball.
Investors are also keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among 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 Gaming Group, Inc. (BRAG.V; BKDCF)
This little-known firm boasts the single largest Facebook page in the online sports business, with 26 million lovers that are sports fanatics. The Bragg Gambling Group is gambling that many are ready to pounce on a brand new sports gambling app in the $150-billion marketplace that opened up.
Bragg is positioning itself as an end-to-end supplier of next-generation gambling options, transitioning from its conventional technology and AI enterprise. It’s a transformation that is timed specifically to make the most of this crucial moment for over-sized opportunities in the sports betting market.
They plan on dealing in everything from casinos, e-sports and poker to sports betting, lotteries, B2B/B2C gaming technology and payment services, so Bragg is set to hit the ground running. Its secret weapon is its own GiveMeSport subsidiary, the proud proprietor of this 26-million-strong Facebook sports information 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 lately acquired Oryx Gambling, a turnkey gaming solutions provider for sport operators which comprise over 5,000 integrated games, including from Tier-1 gaming operators. That is 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 market its diverse product package. Its sports betting arm will function under the GiveMeBet banner, working pretty similar to 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 users and perform to market them, starting with sports gambling and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, 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 Gambling are proven growth machines. Since April 2017, Give Me Sport’s UK monthly visitors 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 gambling bonanza is likely to do just that. Casino stocks will be one of the largest beneficiaries of the Supreme Court’s May judgment.
And one of the greatest specific catalysts is Caesar’s positioning of itself to obtain access to this 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 firms due to the Japanese penchant for gaming, Caesar’s is predicted to soar on this. However, not just with this: The place means it will automatically have access to additional Asian gaming 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 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 think everybody who possesses a top-four professional sports club only essentially saw the value of their group twice .”
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 some big 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 greatest thing on buyer 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 mean that investors can better evaluate the organization’s assets and future potential, as Forbes points out, giving both businesses”enhanced tactical flexibility to pursue their own distinctive business plan and capital allocation policy”.
Number 5 Penn National Gaming (NASDAQ:PENN)
In general, it’s been a rollercoaster year for Penn, but the new lease on life for sports betting affects things.
This almost $2.7-billion market cap casino company is placing its biggest bet yet with a $3.1-million bet the home will win. The deal is the biggest insider purchase in 15 decades. And it is all about sports gambling. Penn will launch sports gambling at five Mississippi casinos and its Hollywood Casino.
Additionally, it gained a boost in mid-November on news that it might acquire Detroit’s Greektown Casino-Hotel’s surgeries for $300 million in 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 rendering the inventory fairly cheap after working in the new potential of the sport gambling segment and the casino company’s ability to grasp this chance.
Other companies that can’t 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 primary properties in the Alberta province, each offering slot machines, table games, top excellent hospitality and much 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 over the years. In reality, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease costs and improve offerings, making some of the highest profit margins in the business.
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 that the gaming sector continues to grow; that a larger investment chance than casinos may be in growth stocks such as Bragg; that GiveMeSport’s brand new site will start with sports betting before expanding in the other regions like casino games, e-sports, poker and lottery products; that Bragg Systems might have a system which will be approved by gamers; that it may leverage the Give Me Sport enthusiast base into sports gambling through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the magnitude of the potential sports gaming marketplace; that Oryx provides it the gaming platform to split into the online sports gambling and gambling market: that more nations in the united states will legalize sports gaming; and 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 multiple 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. Matters that might impact the outcome of these forward looking statements include that markets might not materialize as anticipated; gambling might not turn out to have as big a market as presumed or become lucrative as consideration as a consequence of competition or other factors; fans who enjoy sport may not be converted to online sports gamblers; Bragg may not be able to give a competitive product or climb up as thought due to prospective inferior online product, lack of capital, lack of facilities, regulatory compliance requirements or lack of suitable employees or contacts; Bragg intellectual property rights software might not be allowed as well as when granted, may not adequately protect Bragg intellectual property rights; and other dangers affecting Bragg specifically and the gambling industry generally. The forward-looking statements in this 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 laws.
Risk factors for your online sports gaming 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 in the business and when Bragg fails to expect or successfully implement new technologies or embrace new business strategies, technologies or methods, the quality, timeliness and competitiveness of its products and services may endure; Bragg can experience security breaches and cyber threats; authorities may impose substantial barriers to internet gaming companies; Bragg’s business could be adversely affected if consumer protection, data privacy and security practices aren’t adequate, or perceived as being insufficient, to prevent data breaches, or by the use of consumer protection and data privacy legislation generally; The merchandise or services Bragg distributes via its platform may contain defects, which may adversely affect Bragg’s standing.
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