LONDON, January 17, 2019 / / PRNewswire/ —
FN Media Group Gifts Safehaven.com Market Commentary
This is the point 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 the American Gambling Association estimates is bet illegally on sports Each Year from the U.S. Mentioned in today’s commentary 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. Everyone from live in-game betting operators, to sports, sports clubs and gaming program manufacturers are set to cash in their chips here.
Some are even speculating that societal media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports gambling business since they could easily make the most of the massive user bases and infrastructure. However crowded this distance becomesall stakes are on the house.
In May, the Supreme Court struck down a 1992 federal law that barred states from authorizing sports gambling. Nowadays, many nations are lining up to replicate something similar to the quarter of a billion dollars from sports bets which New Jersey took in just in October, or better still, the $528 million which Nevada earned in.
So while casino stocks, for example, flopped this year, analysts are expecting outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gaming space indicates, time and again, that if investors pick the ideal market, the ideal company, at the perfect time, outsized returns are potential”.
Whether it’s an established casino giant angling for new flesh, a sports group which sees the green in partnering with the gaming world, or a savvy small that sneaks into position itself as an end-to-end provider of next-gen gaming solutions…
Here are 5 stocks which can get investors to the game:
#1 MGM Resorts (NYSE:MGM)
The largest 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 gambling, surrounding it on all fronts.
In no uncertain terms, these men are constructing a sports gambling empire that’s poised to wind 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. Thus, MGM will be MLB’s official gambling partner, adding to the resorts company’s sports line-up, which already included pro hockey and basketball.
Investors will also be 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 the internet and mobile gaming platforms-and vice versa-in some 15 nations.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single largest Facebook page in the online sports industry, with 26 million lovers who are sports fanatics. The Bragg Gambling 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 .
Bragg is positioning itself as an end-to-end supplier of next-generation gaming options, transitioning from the conventional technology and AI business. It’s a transformation that is timed specifically to take advantage of this crucial moment for outsized opportunities in the sports betting market.
They plan on dealing in everything from casinos, e-sports and poker betting, lotteries, B2B/B2C gaming technology and payment solutions, so Bragg is set to hit the floor running. Its secret weapon is its GiveMeSport subsidiary, the proud owner of this 26-million-strong Facebook sports information page, which beats even ESPN.
Even better where timing is worried, they are going to start 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 legalized.
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, such as from Tier-1 gaming operators. That’s when Breaking 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 diverse product suite. Its sports gambling arm will function under the GiveMeBet banner, functioning pretty much like Sky Betting and Gambling, 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 market them, beginning with sports gambling and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, Bragg will have three gaming and media assets: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gambling are proven machines. Since April 2017, Give Me Sport’s UK monthly visitors has risen by 5 million and now 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 recently legal sports betting bonanza is very likely to do just that. Casino stocks will be among the biggest beneficiaries of the Supreme Court’s May ruling.
And among the greatest specific catalysts is Caesar’s positioning of itself to gain access to this wildly lucrative Japanese gaming market, after a Japanese judgment in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming companies because of the Japanese penchant for gaming, Caesar’s is expected 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 assisted, together 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 betting in May,”I believe everybody who owns a top-four professional sports team only basically watched the value of the group twice .”
The nearly $7-billion market cap MSG, which possesses the New York Knicks and the New York Rangers, now appears to be undervalued.
And there are some big catalysts here. Longer-term, investors should be taking a look at the huge market potential for sports television and streaming rights right now.
However, the biggest thing on buyer radar presently 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 assess the company’s assets and future potential, as Forbes points out, providing both businesses”increased tactical flexibility to pursue their own identifying business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
Overall, it’s been a rollercoaster year for Penn, but the new lease on life for sports gambling affects things.
This almost $2.7-billion market cap casino organization 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 Hollywood Casino.
Additionally, it gained an increase in mid-November on news that it might get 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 making the inventory quite cheap after working in the new possibility of this sports betting segment and the casino company’s ability to grasp this opportunity.
Other companies that can not be forgotten from the brand new gaming flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top entertainment and hospitality provider based in Alberta, Canada. The company operates four principal components in the Alberta province, every offering slot machines, table games, high excellent hospitality and much more meant to appeal to both casual players and committed gamers alike.
GameHost is well-known for providing dividends to its investors, a plus for those who have stuck with the business through the years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to decrease prices and improve offerings, making some of the maximum 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 include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Forward looking statements in this article include 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 website will start with sports betting before expanding in the other areas including casino games, e-sports, poker and lottery products; which Bragg Systems might have a system which would be approved by gamers; it can leverage the Give Me Sport fan base into sports gambling through Bragg’s platform to drive adoption and expansion; that Bragg can protects its intellectual property; the size of the possible sports gaming marketplace; that Oryx provides it the gambling platform to break into the online sports gaming and gambling market: that more states in the US will legalize sports gaming; and that Bragg’s earnings will continue to rise; and also that the company 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 these forward-looking statements. Matters that may impact the outcome of those forward looking statements include markets might not materialize as anticipated; gaming might not turn out to have as big a market as presumed or become as lucrative as consideration as a consequence of competition or other factors; enthusiasts who like sport might not be converted to online sports gamblers; Bragg may not be able to give a competitive product or climb up as thought because of prospective inferior online product, lack of capital, lack of amenities, 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 risks affecting Bragg in particular and the gaming 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 gaming industry in general which also impact Bragg including without limitation the following: Competitors may offer better internet gaming goods luring away Bragg’s clients; Technology changes quickly from the business and when Bragg fails to anticipate 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; authorities may impose substantial barriers to internet gaming companies; Bragg’s business could be adversely affected if consumer security, information privacy and safety practices are not adequate, or perceived as being insufficient, to prevent data breaches, or by the application of consumer protection and data privacy legislation normally; The products or services Bragg distributes through its stage may contain flaws, which may adversely affect Bragg’s reputation.
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