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 boundaries, and we’ve got the U.S. Supreme Court to thank for opening up a Huge sports gambling market that-for starters-will probably absorb the $150 billion the American Gambling Association estimates is bet on sports every 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 sports, sports clubs and betting app manufacturers are set to cash in their chips .
Some are even speculating that social media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports betting business because they could easily take advantage 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. Now, many states are lining up to replicate 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 which Nevada earned in.
So while casino stocks, for instance, flopped this year, analysts are anticipating outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gambling space indicates, again and again, that should investors pick the right market, the right company, at the right time, outsized returns are potential”.
Whether it’s a recognized casino giant angling for new flesh, a sports team which sees the green at partnering with all the gambling world, or a savvy small that sneaks into place itself as a end-to-end provider of next-gen gaming options…
Here Are Five stocks which can get investors to the game:
#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 big for sports gambling, 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 recent venture deal with Major League Baseball (MLB), which also features in our Top 5 listing. So, MGM will be MLB’s official gambling companion, adding to the resorts firm’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 one of the largest sportsbooks operators in vegas, and MGM will finally have access to the online and mobile gaming platforms-and vice versa-in some 15 nations.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This little-known company boasts the single largest Facebook page in the internet sports business, with 26 million lovers who are sports fanatics. The Bragg Gaming Group is betting that lots of them 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 solutions, transitioning from the traditional tech and AI business. It’s a transformation that’s timed specifically to make the most of the critical 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 GiveMeSport subsidiary, the proud owner of the 26-million-strong Facebook sports data page, which beats even ESPN.
Even better where time is worried, they are going to launch their first game to this massive audience. It’s a new app that they have been holding back for decades, waiting for sports betting to be hailed.
The catalysts are mounting: Bragg has lately acquired Oryx Gaming, a turnkey gaming solutions provider for sport operators that include 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 media 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, working pretty similar to Sky Betting and Gaming, that 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 monetize them, starting with sports betting and then moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
Thus, Bragg will own three gaming and media assets: GiveMeSport, Oryx Gaming 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 traffic has increased by 5 million and currently exceeds 30M. Revenue has grown by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… along with also the newly legal sports betting bonanza is 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 greatest specific catalysts is Caesar’s positioning of itself to gain access to the wildly lucrative Japanese gaming market, following a Japanese judgment 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 with this. However, 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 gambling in May,”I think everybody who possesses a top-four professional sports club just basically saw the value of their team twice .”
The almost $7-billion market cap MSG, which owns the New York Knicks and the New York Rangers, now seems to be undervalued.
And there are a number of huge catalysts here. Longer-term, investors should be taking a look at the massive market potential for sports television and streaming rights at the moment.
However, the biggest thing on buyer 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 indicate that investors can better evaluate the company’s assets and future possible, as Forbes points out, providing both businesses”enhanced tactical flexibility to pursue their own distinctive business plan and funding 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 matters.
This almost $2.7-billion market cap casino organization is putting its biggest bet yet using a $3.1-million bet the house will win. The deal is the biggest insider purchase in 15 decades. And it’s all about sports betting. Penn is planning to start sports gambling at five Mississippi casinos and its Hollywood Casino.
It also gained an increase 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, plus PENN’s miss on analyst estimates in quarterly reporting end up making the stock quite cheap after working in the new potential of this sports betting segment and also the casino company’s ability to grasp this chance.
Other Businesses that can’t be forgotten in the new gaming flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top entertainment and hospitality supplier based in Alberta, Canada. The business operates four primary components in the Alberta province, each offering slot machines, table games, high quality hospitality and more meant to appeal to both casual gamers and dedicated players alike.
GameHost is famous for providing dividends to its investors, a bonus for those who have stuck with the company through recent years. In fact, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease costs and improve offerings, creating some of the highest profit margins in the business.
By. Joao Piexe
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FORWARD-LOOKING STATEMENTS. Statements in this communication that 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 gambling sector continues to grow; that a larger investment chance than casinos may be in growth stocks like Bragg; this GiveMeSport’s brand new site will start with sports betting before expanding in the other regions including casino games, e-sports, poker and lottery products; which Bragg Systems may have a system that would be accepted by players; it can leverage the Give 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 potential sports gaming market; that Oryx provides it the gambling platform to break into the online sports gaming and gambling market: that more nations in the US will legalize sports gaming; and that Bragg’s earnings will continue to increase; and that the company intends to grow and acquire assets across the full 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 affect the outcome of those forward looking statements include markets might not materialize as expected; gambling might not turn out to have as big a market as thought or be as lucrative as consideration as a consequence of competition or other factors; enthusiasts who like game may not be converted to internet sports bettors; Bragg may not be able to offer a competitive product or climb upward as thought because of prospective inferior online product, lack of capital, lack of facilities, regulatory compliance requirements or absence of suitable employees or contacts; Bragg intellectual property rights applications may not be allowed as well as if granted, may not adequately protect Bragg intellectual property rights; and other risks affecting Bragg specifically and the gambling industry generally. The forward-looking statements within 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 legislation.
Risk factors for the online sports gambling industry in general which also impact Bragg including without limitation the following: Competition may offer better online gaming products luring away Bragg’s clients; Technology changes quickly in the company and if Bragg fails to expect or successfully implement new technology or embrace new business strategies, methods or technologies, the quality, timeliness and competitiveness of its services and products may suffer; Bragg can experience security breaches and cyber threats; regulators may impose substantial barriers to online gaming companies; Bragg’s business may be adversely affected if customer security, information privacy and security practices aren’t sufficient, or perceived as being inadequate, to prevent data breaches, or by the use of consumer protection and data privacy legislation normally; The products or services Bragg spreads through its platform may contain defects, which may negatively impact Bragg’s reputation.
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