LONDON, January 17, 2019 / / PRNewswire/ —
FN Media Group Presents Safehaven.com Market Commentary
This is the stage where Las Vegas is changed into something that transcends physical borders, and we have the U.S. Supreme Court to thank for opening up a massive sports betting market that-for starters-will likely absorb the $150 billion that the American Gambling Association quotes 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 large and varied. Everybody from live in-game betting operators, to sports, sports clubs and gaming program makers are set to cash in their chips here.
Some are speculating that social media giants like Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to go into the sports betting business since they could easily make the most 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 authorizing sports betting. Nowadays, many nations are lining up to copy something like the quarter of a billion dollars in sports stakes which New Jersey took in just in October, or even better, the $528 million which Nevada took in.
So while casino stocks, for instance, flopped this year, analysts are expecting outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gaming space has shown, again and again, that should investors pick the right market, the ideal company, at the right time, outsized returns are possible”.
When 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 that sneaks into place itself as an end-to-end supplier of next-gen gaming solutions…
Here are 5 stocks that can get investors into the sport:
#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 today its angling big for sports betting, surrounding it on all fronts.
In no uncertain terms, these guys are constructing a sports betting empire that is poised to wind up trumping their casino operations, as evidenced by their latest venture deal with Major League Baseball (MLB), which also features in our Top 5 list. So, MGM will be MLB’s official gaming companion, adding to the hotels firm’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 vegas, and MGM will now have access to the internet and mobile gaming platforms-and vice versa-in several 15 states.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This famous firm boasts the single largest Facebook page in the internet sports business, with 26 million fans that are sports fanatics. The Bragg Gambling Group is gambling that many of them are prepared to pounce to a new sports betting app in the $150-billion market that just opened up.
Bragg is positioning itself as an end-to-end supplier of next-generation gambling solutions, transitioning from its traditional technology and AI business. It is a transformation that’s timed specifically to take advantage of this critical moment for outsized 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 technology and payment solutions, 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 worried, they are going to start their first game to this huge audience. It’s a new app that they’ve been holding back for years, waiting for sports gambling to be hailed.
The catalysts are mounting: Bragg has recently acquired Oryx Gaming, a turnkey gaming solutions provider for casino operators which 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 merchandise and experiential platform to advertise its diverse product package. Its sports gambling arm will function under the GiveMeBet banner, functioning pretty similar to Sky Betting and Gaming, which was 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, beginning with sports gambling and moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
Thus, Bragg will have 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 Gambling are established machines. Since April 2017, Give Me Sport’s UK monthly traffic has increased by 5 million and now exceeds 30M. Revenue has increased by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… along with the recently legal sports betting bonanza is very likely to do just that. Casino stocks will probably be among the largest beneficiaries of the Supreme Court’s May ruling.
And among the greatest specific catalysts is Caesar’s positioning of itself to obtain 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 gambling, Caesar’s is expected to soar with this. However, not only with this: The location means it will automatically have access to other Asian gaming tourists.
The recent quarterly earnings also helped, together 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 right after the Supreme Court ruling on sports gambling in May,”I believe everybody who owns a top-four professional sports team only basically watched the value of the team double”
The almost $7-billion market cap MSG, that owns 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 looking at the huge market potential for sports television and streaming rights right now.
However, the biggest thing on investor radar presently is progress towards turning off MSG’s sports business, for which 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 businesses”enhanced tactical flexibility to pursue their own identifying business plan and capital allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
In general, it has been a rollercoaster year for Penn, but the new lease on life for sports gambling affects things.
This nearly $2.7-billion market cap casino organization is putting its biggest bet yet with a $3.1-million bet the home will win. The deal is the biggest insider buy in 15 years. And it’s all about sports gambling. Penn will launch sports gambling at five Mississippi casinos and its own Hollywood Casino.
Additionally, it gained a boost 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 creator of Detroit-based Quicken Loans.
That rollercoaster showing this year, also PENN’s miss on analyst estimates in quarterly reporting end up rendering the inventory quite cheap after working from the new potential of this sports betting segment and also the casino company’s ability to grasp this opportunity.
Other Businesses that can’t be forgotten in the brand new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading hospitality and entertainment provider based in Alberta, Canada. The business operates four principal properties in the Alberta province, every offering slot machines, table games, top quality hospitality and more supposed to appeal to both casual players and committed players alike.
GameHost is well-known for supplying dividends to its shareholders, a bonus for those who have stuck with the company through recent years. In fact, its focus on increasing value for investors is made abundantly clear in its mission to decrease prices and improve offerings, creating some of the maximum profit margins in the business.
By. Joao Piexe
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FORWARD-LOOKING STATEMENTS. Statements in this communication which aren’t 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 gambling industry continues to grow; that a bigger investment chance than casinos might be in growth stocks such as Bragg; that GiveMeSport’s brand new website begins with sports betting before expanding into the other regions like casino games, e-sports, poker and lottery products; that Bragg Systems may have a system which would be accepted by players; that it may leverage the Give Me Sport fan base into sports betting through Bragg’s platform to drive adoption and expansion; that Bragg can protects its intellectual property; the magnitude of the possible sports gambling market; that Oryx gives it the gambling platform to break into the online sports gaming and betting market: that more states in the united states will legalize sports gambling; and that Bragg’s revenues will continue to rise; and that the company intends to raise and acquire assets across the full range 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 might impact the outcome of these forward looking statements include that markets might not materialize as anticipated; gaming may not turn out to possess as big a market as thought or become as lucrative as consideration as a consequence of competition or other factors; enthusiasts who like game might not be converted to internet sports gamblers; Bragg might not be able to offer a competitive product or scale up as thought due to prospective inferior online product, lack of funds, lack of amenities, regulatory compliance requirements or lack of appropriate contacts or employees; Bragg intellectual property rights software may not be allowed and even 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 the 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 gambling industry in general which also affect Bragg including without limitation the following: Competition may offer better internet gaming products luring away Bragg’s customers; 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 suffer; Bragg can experience security breaches and cyber threats; authorities may impose substantial barriers to online gaming firms; Bragg’s business may be adversely affected if consumer security, information privacy and security practices aren’t adequate, or perceived as being inadequate, to prevent data breaches, or by the application of consumer protection and information privacy laws normally; The merchandise or services Bragg distributes via its platform may contain defects, which may negatively impact Bragg’s reputation.
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