LONDON, January 17, 2019 /PRNewswire/ —
FN Media Group Gifts Safehaven.com Market Commentary
This is the stage in time 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 betting market that-for starters-will probably absorb the $150 billion the American Gambling Association quotes is bet on sports Each 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 big and varied. Everybody from live in-game betting operators, to casinos, sports clubs and gaming program manufacturers are set to cash in their chips .
Some are even speculating that societal 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 their large user foundations 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 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 that Nevada took in.
So while casino stocks, for example, flopped this year, analysts are anticipating outsized gains going forward. Since Bernstein’s Vitaly Umansky notes,”the gambling area indicates, time and again, that if investors pick the right market, the ideal company, at the right time, oversize returns are possible”.
When it’s an established casino giant angling for fresh flesh, a sports group that sees the green in partnering with all the gambling world, or a savvy small-cap that sneaks into position itself as a end-to-end provider 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 pulls in more than $4 billion in revenue just from Las Vegas, but today its angling enormous for sports gambling, surrounding it on all fronts.
In no uncertain terms, these men are constructing a sports gambling 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 comes in our Top 5 list. Thus, MGM will be MLB’s official gambling companion, adding to the resorts 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 one of the largest sportsbooks operators in Las Vegas, and MGM will now have access to the internet and mobile gaming platforms-and vice versa-in several 15 nations.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This famous company boasts the single largest Facebook page in the online sports business, with 26 million lovers that are sports fanatics. The Bragg Gaming Group is betting that many of them are prepared to pounce to a 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 gambling solutions, transitioning from its traditional tech and AI business. It is a transformation that’s timed specifically to take advantage of this critical moment for over-sized chances in the sports betting market.
They plan on dealing in everything from casinos, e-sports and poker betting, lotteries, B2B/B2C gaming technologies and payment solutions, 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 information page, which beats even ESPN.
Even better where time is worried, they are about 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 hailed.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gambling, a turnkey gaming solutions provider for casino operators that include over 5,000 integrated games, including 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 networking company that leverages its cross merchandise and experiential platform to market its varied product package. Its sports gambling arm will function under the GiveMeBet banner, working pretty much like Sky Betting and Gaming, which has been sold to the Stars Group to April this year for #5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M users and perform to monetize them, beginning with sports gambling and then moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, Bragg will own three gaming and media resources: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gaming are established growth machines. Since April 2017, Give Me Sport’s UK monthly visitors has increased by 5 million and currently exceeds 30M. Revenue has increased by a healthy 30 percent clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… along with also the newly legal sports gambling 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’ for Las Vegas gaming companies due to the Japanese penchant for gambling, Caesar’s is predicted to soar on this. However, not only on this: The location means it’ll automatically have access to other Asian gaming tourists.
The recent quarterly earnings also assisted, 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 right after the Supreme Court judgment on sports gambling in May,”I believe everyone who possesses a top-four professional sports team just basically watched the value of the group double”
The almost $7-billion market cap MSG, which possesses the New York Knicks and the New York Rangers, today seems to be undervalued.
And there are a number of big catalysts here. Longer-term, investors should be taking a look at the huge market potential for sport television and streaming rights right now.
However, the biggest thing on investor radar now is progress towards turning off MSG’s sports business, for which 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 strategic 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 betting changes matters.
This almost $2.7-billion market cap casino company is placing its biggest bet yet using a $3.1-million gamble that the home will win. The deal is the biggest insider buy in 15 years. And it’s all about sports gambling. Penn is planning to launch sports gambling at five Mississippi casinos and its Hollywood Casino.
Additionally, it 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 founder of Detroit-based Quicken Loans.
That rollercoaster showing this season, plus PENN’s overlook on analyst quotes in quarterly reporting wind up rendering the inventory fairly cheap after working in the new potential of the sport betting segment and the casino company’s ability to grasp this chance.
Other companies that can’t be forgotten from the brand new gaming flourish:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a top hospitality and entertainment provider based in Alberta, Canada. The company operates four principal components in the Alberta province, each offering slot machines, table games, top quality hospitality and more supposed to appeal to both casual gamers and dedicated players alike.
GameHost is well-known for providing dividends to its investors, a bonus 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 costs and improve offerings, making some of the highest profit margins in the business.
By. Joao Piexe
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FORWARD-LOOKING STATEMENTS. Statements in this communication that aren’t 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 that the gambling sector continues to grow; that a larger investment opportunity than casinos might be in growth stocks such as Bragg; this GiveMeSport’s brand new site will start with sports betting before expanding into the other regions including casino games, e-sports, poker and lottery products; which Bragg Systems may have a system which would be approved by gamers; it may leverage the Give Me Sport enthusiast base into sports gambling through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the size of the potential sports gaming marketplace; that Oryx provides it the gaming platform to split into the online sports gambling and betting market: that more nations in the US will legalize sports gambling; and Bragg’s earnings will continue to rise; and also that the company intends to raise and acquire assets across the full spectrum 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 these forward-looking statements. Matters that might impact the outcome of those forward looking statements include that markets might not materialize as expected; gaming may not turn out to have as big a market as thought or become lucrative as consideration as a consequence of competition or other factors; enthusiasts who like sport might not be converted to internet sports bettors; Bragg might not be able to offer a competitive product or climb upward as thought because of potential inferior online product, lack of capital, lack of facilities, regulatory compliance requirements or lack of suitable 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 risks affecting Bragg specifically and the gaming industry generally. The forward-looking statements in the 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 the online sports gaming industry in general that also affect Bragg including without limitation the following: Competitors may offer better internet gaming products luring away Bragg’s clients; Technology changes quickly in the business and when Bragg fails to anticipate or successfully implement new technologies or adopt new business strategies, methods or technologies, the quality, timeliness and competitiveness of its products and services 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 consumer protection, data privacy and safety practices are not sufficient, or perceived as being inadequate, to prevent data breaches, or by the use of consumer protection and data privacy laws normally; The products or services Bragg distributes via its stage may contain flaws, which may adversely affect Bragg’s standing.
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