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 that transcends physical borders, and we have the U.S. Supreme Court to thank you for opening up a massive sports betting market that-for starters-will probably absorb the $150 billion the American Gambling Association quotes 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 diverse. Everybody from live in-game betting operators, to sports, sports clubs and gaming program manufacturers 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 go into the sports betting business since they could easily take advantage of the large user bases 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 sports gambling. Nowadays, many nations are lining up to copy something similar to the quarter of a billion bucks in sports stakes which New Jersey took in just in October, or even better, the $528 million that 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 gambling space has shown, time and again, that if investors pick the ideal market, the right company, at the right time, oversize returns are possible”.
When it’s a recognized casino giant angling for new flesh, a sports group that sees the green at partnering with the gambling world, or a savvy small that sneaks into place itself as an end-to-end provider of next-gen gaming options…
Here are 5 stocks that can get investors into the sport:
#1 MGM Resorts (NYSE:MGM)
The biggest casino operator in the United States, MGM brings in more than $4 billion in revenue just from Las Vegas, but now its angling enormous for sports betting, surrounding it on all fronts.
In no uncertain terms, these guys are building a sports betting empire that is poised to end up trumping their casino operations, as evidenced by their latest partnership deal with Major League Baseball (MLB), which also features in our Top 5 listing. Thus, MGM will be MLB’s official gambling companion, adding to the hotels firm’s sports line-up, which already included pro hockey and basketball.
Investors will also be keenly watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the biggest sportsbooks operators in Las Vegas, and MGM will finally have access to its online 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 biggest Facebook page at the online sports industry, with 26 million lovers that are sports fanatics. The Bragg Gaming 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 provider of next-generation gaming solutions, transitioning from the conventional tech and AI enterprise. It’s a transformation that’s timed specifically to make the most of this critical moment for outsized opportunities 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 services, so Bragg is set to hit the ground 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 start their first game to this huge audience. It is a new program that they’ve been holding back for decades, awaiting sports gambling to be legalized.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gaming, 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 advertise its varied product package. Its sports betting arm will function under the GiveMeBet banner, working 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 perform to monetize them, starting with sports betting and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, Bragg will own three gambling and media assets: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are proven machines. Since April 2017, Give Me Sport’s UK monthly visitors has risen by 5 million and currently exceeds 30M. Revenue has increased by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and the recently legal sports betting bonanza is likely to do exactly that. Casino stocks will be among the biggest 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 exceptionally lucrative Japanese gaming market, following a Japanese judgment in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ for Las Vegas gaming firms because of the Japanese penchant for gambling, Caesar’s is predicted to soar with this. But not just with this: The place means it’ll automatically have access to other Asian gambling tourists.
The new quarterly earnings also helped, together 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 shortly after the Supreme Court judgment on sports gambling 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 owns the New York Knicks and the New York Rangers, today seems to be undervalued.
And there are some huge catalysts here. Longer-term, investors should be taking a look at the massive market potential for sports television and streaming rights right now.
However, the greatest thing on buyer radar presently is progress towards spinning off MSG’s sports business, for that it filed its initial Form 10 on October 4th. The spin-off would indicate that investors can better assess the organization’s assets and future possible, as Forbes points out, giving both companies”increased tactical flexibility to pursue their own identifying 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 gambling affects matters.
This nearly $2.7-billion market cap casino company is placing its biggest bet yet with a $3.1-million gamble that the home will win. The price is the largest insider purchase in 15 decades. And it’s all about sports betting. Penn is planning to launch sports gambling at five Mississippi casinos and its Hollywood Casino.
It also gained a boost in mid-November on information that it might acquire 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 rendering the stock fairly cheap after working from the new possibility of the sports gambling segment and the casino company’s ability to grasp this opportunity.
Other companies that can’t be forgotten in the new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top hospitality and entertainment supplier based in Alberta, Canada. The company operates four principal properties in the Alberta province, every offering slot machines, table games, top excellent hospitality and more supposed to appeal to both casual players and dedicated players alike.
GameHost is well-known for supplying dividends to its investors, a plus for people who have stuck with the company through the 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 highest profit margins in the company.
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 announcements of future tense. Forward looking statements in this article include that the gaming industry continues to grow; that a bigger investment opportunity than casinos might be in growth stocks like Bragg; this GiveMeSport’s new website begins with sports betting before expanding into the other regions like casino games, e-sports, poker and lottery products; that Bragg Systems might have a system that would be accepted by gamers; it may leverage the Offer Me Sport fan base into sports gambling through Bragg’s platform to drive adoption and expansion; which Bragg can protects its intellectual property; the size of the potential sports gambling market; that Oryx provides it the gambling platform to split into the online sports gambling and gambling market: that more states in the united states will legalize sports gambling; and Bragg’s earnings will continue to rise; and also that the company intends to raise and acquire assets throughout the entire range of gaming verticals in multiple jurisdictions. Forward looking statements involve known and unknown risks and uncertainties which may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in those forward-looking statements. Matters that may impact the outcome of these forward looking statements include that markets might not materialize as expected; gambling may not turn out to have as large a market as thought or become lucrative as thought as a result of competition or other factors; enthusiasts who like sport may not be converted to internet sports gamblers; Bragg might not be able to give a competitive product or scale up as thought due to prospective inferior online product, lack of capital, lack of facilities, regulatory compliance demands or lack of appropriate employees or contacts; Bragg intellectual property rights software might not be allowed and even if granted, might not adequately protect Bragg intellectual property rights; and other dangers 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 intent or obligation to update such forward-looking statements except as required by applicable securities legislation.
Risk factors for your online sports gaming industry in general that also affect Bragg including without limitation the following: Competition may offer better internet gaming goods luring away Bragg’s customers; Technology changes rapidly in the company and if 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 suffer; Bragg can experience security breaches and cyber threats; regulators may impose significant hurdles to online gaming companies; Bragg’s business may be adversely affected if consumer security, data privacy and safety practices aren’t sufficient, or perceived as being inadequate, to prevent data breaches, or from the application of consumer protection and information privacy laws generally; The products or services Bragg distributes via its platform may contain flaws, which may negatively impact Bragg’s standing.
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