LONDON, January 17, 2019 / / PRNewswire/ —
FN Media Group Presents Safehaven.com Market Commentary
This is the stage 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 massive sports gambling market that-for starters-will likely absorb the $150 billion that the American Gambling Association quotes is bet illegally 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 varied. Everybody from live in-game betting operators, to casinos, 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 because they could easily make the most of their massive user bases and infrastructure. However busy this space becomes, all bets are on the house.
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 bucks from sports bets that New Jersey took in just in October, or better still, the $528 million that Nevada earned in.
So while casino stocks, for instance, flopped this year, analysts are expecting outsized gains going forward. As Bernstein’s Vitaly Umansky notes,”the gambling space indicates, time and again, that if investors pick the right market, the right company, at the right time, outsized returns are possible”.
Whether it’s an established casino giant angling for fresh flesh, a sports team that sees the green in partnering with all the gaming world, or a savvy small-cap that sneaks into place itself as a end-to-end provider of next-gen gaming solutions…
Here Are Five stocks which can get investors to 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 now its angling enormous for sports betting, surrounding it on all fronts.
In no uncertain terms, these guys are constructing a sports gambling empire that is poised to end up trumping their casino operations, according to their recent partnership deal with Major League Baseball (MLB), which also features in our Top 5 listing. So, MGM will be MLB’s official gaming partner, adding to the hotels firm’s sports line-up, which included pro hockey and basketball.
Investors are also 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 now have access to its online and mobile gaming platforms-and vice versa-in some 15 states.
#2 Bragg Gambling Group, Inc. (BRAG.V; BKDCF)
This famous company boasts the single biggest Facebook page at the internet sports business, with 26 million fans that are sports fanatics. The Bragg Gaming Group is gambling that lots of them are prepared to pounce on a new sports gambling app in the $150-billion marketplace that just opened .
Bragg is positioning itself as an end-to-end provider of next-generation gambling solutions, transitioning from the traditional tech and AI enterprise. It is a transformation that is timed specifically to make the most of the crucial moment for over-sized opportunities 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 services, therefore 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 time is worried, they are about to start their first game to this huge audience. It’s a new app that they have been holding back for years, waiting for sports gambling to be hailed.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gambling, a turnkey gaming solutions provider for sport operators which comprise over 5,000 integrated games, including from Tier-1 gaming operators. That is when Breaking 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 merchandise and experiential platform to advertise its diverse product suite. Its sports gambling arm will operate under the GiveMeBet banner, functioning 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 market them, beginning with sports gambling and moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
So, Bragg will own 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 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… and also the recently legal sports gambling bonanza is likely to do just that. Casino stocks will probably be one of the biggest beneficiaries of the Supreme Court’s May ruling.
And one of the biggest specific catalysts is Caesar’s positioning of itself to gain access to the 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 firms because of the Japanese penchant for gambling, Caesar’s is expected to soar on this. However, not just with this: The location means it will automatically have access to additional Asian gambling 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 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 betting in May,”I think everybody who possesses a top-four professional sports team only essentially saw the value of their group twice ”
The almost $7-billion market cap MSG, which owns the New York Knicks and the New York Rangers, today seems to be undervalued.
And there are a number of huge catalysts here. Longer-term, investors should be looking at the huge market potential for sport television and streaming rights at the moment.
However, the biggest thing on investor radar now is progress towards turning off MSG’s sports business, for that it filed its first Form 10 on October 4th. The spin-off would indicate that investors can better assess the organization’s assets and future potential, as Forbes points out, giving both companies”increased tactical flexibility to pursue their own distinctive business plan and funding allocation policy”.
Number 5 Penn National Gaming (NASDAQ:PENN)
Overall, it has been a rollercoaster season for Penn, but the brand new lease on life for sports gambling changes matters.
This almost $2.7-billion market cap casino company is putting its biggest bet yet using a $3.1-million gamble that the home will win. The price is the biggest insider buy in 15 decades. And it’s about sports gambling. Penn will start sports gambling at five Mississippi casinos and its Hollywood Casino.
Additionally, it got an increase in mid-November on news that it would acquire Detroit’s Greektown Casino-Hotel’s operations for $300 million in 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 rendering the inventory fairly cheap after working from the new potential of this sports betting segment and the casino company’s ability to grasp this opportunity.
Other Businesses that can not be forgotten from the new gaming flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top hospitality and entertainment supplier based in Alberta, Canada. The business operates four principal properties in the Alberta province, each supplying slot machines, table games, high quality hospitality and much more supposed to appeal to both casual gamers and committed gamers alike.
GameHost is famous for providing dividends to its shareholders, a plus for those who have stuck with the company through recent 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
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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 larger investment opportunity than casinos might be in growth stocks such as Bragg; this GiveMeSport’s new site will start with sports gambling before expanding in the other areas like casino games, e-sports, poker and lottery products; that Bragg Systems might have a system that will be approved by gamers; it may leverage the Offer Me Sport enthusiast base into sports betting through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the magnitude of the possible sports gambling marketplace; that Oryx gives it the gambling platform to break into the online sports gaming and betting market: that more nations in the united states will legalize sports gaming; and that Bragg’s earnings will continue to rise; and 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 that might not prove to be true. Actual results and outcomes may differ materially from what is expressed or forecasted in those forward-looking statements. Matters that might affect the outcome of those forward looking statements include markets may not materialize as expected; gambling might not turn out to possess as large a market as thought or be as lucrative as consideration as a consequence of competition or other factors; enthusiasts who enjoy sport may not be converted to internet sports gamblers; Bragg may not be able to offer a competitive product or climb upward as thought because of potential inferior online product, lack of funds, lack of amenities, regulatory compliance requirements or absence of appropriate contacts or employees; Bragg intellectual property rights software may not be allowed and even if allowed, might not adequately protect Bragg intellectual property rights; and other risks affecting Bragg in particular and the gaming industry generally. The forward-looking statements in 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 legislation.
Risk factors for your online sports gambling industry in general that also affect Bragg including without limitation the following: Competitors 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 services and products may suffer; Bragg may experience security breaches and cyber threats; regulators may impose substantial hurdles to internet gaming firms; Bragg’s business could be negatively affected if customer protection, data privacy and security practices aren’t adequate, or perceived as being inadequate, to prevent data breaches, or by the use of consumer protection and information privacy laws generally; The merchandise or services Bragg spreads through its platform may contain defects, which may negatively impact Bragg’s standing.
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