LONDON, January 17, 2019 /PRNewswire/ —
FN Media Group Presents Safehaven.com Market Commentary
This is the stage where Las Vegas is transformed into something that transcends physical borders, and we’ve got the U.S. Supreme Court to thank you for opening up a Huge sports gambling market that-for starters-will likely absorb the $150 billion that the American Gambling Association estimates is bet on sports every 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 large and varied. Everybody from live in-game betting operators, to casinos, sports clubs and betting app makers are set to cash in their chips .
Some are speculating that societal media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports betting business because they could easily make the most of the large user bases and infrastructure. However crowded this distance becomesall stakes are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports gambling. Nowadays, many states are lining up to copy something similar to the quarter of a billion bucks in sports bets which New Jersey took in just in October, or better still, the $528 million that Nevada took 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 area has shown, again and again, that if investors pick the ideal market, the ideal company, at the right time, outsized returns are potential”.
Whether it’s an established casino giant angling for new flesh, a sports group which sees the green at partnering with all 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 which can get investors into the sport:
#1 MGM Resorts (NYSE:MGM)
The biggest 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 men are building a sports gambling 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 list. So, MGM will be MLB’s official gambling companion, adding to the hotels firm’s sports line-up, which already included pro basketball and hockey.
Investors are also watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is one of the biggest sportsbooks operators in vegas, and MGM will now 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 famous company boasts the single biggest Facebook page at the online sports industry, with 26 million lovers that are sports fanatics. The Bragg Gambling Group is gambling that many of them are prepared to pounce to a 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 gambling options, transitioning from the traditional technology and AI enterprise. It’s a transformation that is timed specifically to take advantage of this critical moment for over-sized chances in the sports betting market.
They plan on coping with everything from casinos, e-sports and poker to sports betting, lotteries, B2B/B2C gaming technologies and payment solutions, therefore 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 information page, which defeats even ESPN.
Even better where time is concerned, they are going to start their first game to this huge audience. It is a new program that they have been holding back for years, waiting for sports betting to be hailed.
The catalysts are mounting: Bragg has lately acquired Oryx Gaming, a turnkey gaming solutions provider for casino operators which comprise 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 media company that leverages its cross product and multi-channel platform to advertise its varied product suite. Its sports betting arm will function under the GiveMeBet banner, working pretty much like Sky Betting and Gaming, that was 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, starting with sports betting and moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
Thus, Bragg will own three gambling and media resources: GiveMeSport, Oryx Gambling and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are proven growth machines. Since April 2017, Give Me Sport’s UK monthly traffic has risen 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 newly legal sports betting bonanza is likely to do exactly that. Casino stocks will probably be among the largest beneficiaries of the Supreme Court’s May ruling.
And among 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’ for Las Vegas gaming companies due to the Japanese penchant for gaming, Caesar’s is predicted to soar on this. However, not only on this: The location means it will automatically have access to other 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 earnings for its 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 everyone who possesses a top-four professional sports club only essentially saw the value of the group double”
The almost $7-billion market cap MSG, that possesses the New York Knicks and the New York Rangers, now appears to be undervalued.
And there are a number of big catalysts here. Longer-term, investors should be taking a look at the massive market potential for sport streaming and television rights right now.
However, the greatest thing on buyer radar presently is progress towards spinning off MSG’s sports industry, for which it filed its initial Form 10 on October 4th. The spin-off would mean that investors can better evaluate the company’s assets and future possible, as Forbes points out, providing both businesses”increased strategic flexibility to pursue their own identifying business plan and funding allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
In general, it’s been a rollercoaster year for Penn, but the brand new lease on life for sports betting changes matters.
This almost $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 deal is the biggest insider purchase in 15 decades. And it’s about sports betting. Penn is planning to start sports betting at five Mississippi casinos and its own Hollywood Casino.
Additionally, it gained an increase in mid-November on news that it might acquire Detroit’s Greektown Casino-Hotel’s operations for $300 million from Cleveland Cavaliers owner Dan Gilbert, the founder of Detroit-based Quicken Loans.
That rollercoaster showing this year, plus PENN’s miss on analyst quotes in quarterly reporting end up making the stock quite cheap after working in the new possibility of this sport betting segment and the casino company’s ability to grasp this chance.
Other Businesses 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 principal components in the Alberta province, each supplying slot machines, table games, top quality hospitality and more meant to appeal to both casual players and committed gamers alike.
GameHost is famous for providing dividends to its shareholders, a plus for those who have stuck with the company over the years. In reality, its focus on increasing value for investors is made abundantly clear in its mission to reduce prices and improve offerings, creating some of the maximum 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 that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other announcements of future tense. Forward looking statements in this article include the gaming sector continues to grow; that a bigger investment opportunity than casinos might be in growth stocks like Bragg; this GiveMeSport’s new site 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 which will be accepted by gamers; that it may leverage the Offer 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 possible sports gambling market; that Oryx provides it the gaming platform to split into the online sports gambling and betting 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 throughout the entire spectrum of gaming verticals in numerous jurisdictions. Forward looking statements involve known and unknown risks and uncertainties that might not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in those forward-looking statements. Things that might affect the outcome of those forward looking statements include that markets may not materialize as expected; gambling may not turn out to possess as big a market as thought or become lucrative as thought as a consequence of competition or other factors; enthusiasts who enjoy game may not be converted to online sports bettors; Bragg may not be in a position to give 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 granted and even if allowed, 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 intent 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 which also impact Bragg including without limitation the following: Competitors may offer better online gaming products luring away Bragg’s customers; Technology changes quickly from the company and when Bragg fails to anticipate or successfully implement new technologies or adopt new business strategies, technologies or methods, the quality, timeliness and competitiveness of its services and products may suffer; Bragg can experience security breaches and cyber threats; regulators may impose significant hurdles to online gaming firms; Bragg’s business could be negatively affected if consumer security, information privacy and security practices aren’t sufficient, or perceived as being inadequate, to prevent data breaches, or by the application of consumer protection and data privacy legislation generally; The merchandise or services Bragg spreads via its platform may contain flaws, which could adversely affect Bragg’s standing.
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