LONDON, January 17, 2019 / / PRNewswire/ —
FN Media Group Presents Safehaven.com Market Commentary
This is the stage where Las Vegas is transformed into Something Which transcends physical borders, and we’ve got the U.S. Supreme Court to thank for opening up a Huge sports betting market that-for starters-will likely absorb the $150 billion the American Gambling Association quotes is bet on sports Each Year in 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 diverse. Everyone from live in-game gambling operators, to casinos, sports clubs and gaming program makers are set to cash in their chips here.
Some are even speculating that social media giants such as Facebook (FB), Twitter (TWTR) and Google (GOOGL) will be clamoring to enter the sports gambling business because they could easily take advantage of the large user bases and infrastructure. However crowded this distance becomes, all bets are on the home.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports gambling. Now, many states are lining up to replicate something similar to the quarter of a billion dollars from sports bets which New Jersey took in only in October, or even better, the $528 million which 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 gaming area has shown, again and again, that should investors pick the ideal market, the ideal company, at the perfect time, outsized returns are possible”.
When it’s an established casino giant angling for new flesh, a sports team which sees the green at partnering with the gambling world, or a savvy small-cap that sneaks in to position itself as an end-to-end supplier of next-gen gaming options…
Here are 5 stocks which can get investors into the sport:
#1 MGM Resorts (NYSE:MGM)
The largest casino operator in the United States, MGM pulls in more than $4 billion in revenue just from Las Vegas, but today its angling enormous 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, according to their latest venture deal with Major League Baseball (MLB), which also comes in our Top 5 list. So, MGM will be MLB’s official gambling partner, adding to the hotels firm’s sports line-up, which included pro hockey and basketball.
Investors will also be watching how MGM’s partnership deal with Boyd Gaming is leveraged. BYD is among the largest sportsbooks operators in Las Vegas, and MGM will finally have access to its online and mobile gaming platforms-and vice versa-in some 15 states.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This little-known firm boasts the single biggest Facebook page in the online sports industry, with 26 million lovers that are sports fanatics. The Bragg Gaming Group is gambling that many are prepared to pounce on a new sports gambling app in the $150-billion market that just opened .
Bragg is positioning itself as an end-to-end supplier of next-generation gambling options, transitioning from its conventional tech and AI enterprise. It’s a transformation that is timed specifically to take advantage of this crucial moment for outsized chances in the sports betting market.
They plan on dealing in everything from casinos, e-sports and poker to sports betting, lotteries, B2B/B2C gaming technology and payment services, so Bragg is set to hit the floor running. Its secret weapon is its own GiveMeSport subsidiary, the proud owner of the 26-million-strong Facebook sports data page, which defeats even ESPN.
Even better where time is concerned, they are about 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 gambling to be hailed.
The catalysts are currently mounting: Bragg has recently acquired Oryx Gaming, a turnkey gaming solutions provider for sport operators which comprise 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 media company that leverages its cross product and multi-channel platform to advertise its diverse product package. Its sports betting arm will operate under the GiveMeBet banner, working pretty much like Sky Betting and Gambling, which was sold to the Stars Group to April this year for #5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M consumers and work to monetize them, beginning with sports betting and then moving to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment services.
So, Bragg will own 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 Gaming are proven machines. Since April 2017, Give Me Sport’s UK monthly traffic has increased 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 the newly legal sports gambling bonanza is likely to do exactly that. Casino stocks will be one of the largest beneficiaries of the Supreme Court’s May ruling.
And among 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 with this. But not only with this: The place means it will automatically have access to other Asian gambling tourists.
The recent 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 shortly after the Supreme Court ruling on sports betting in May,”I believe everybody who owns a top-four professional sports team only essentially watched the value of their team double”
The almost $7-billion market cap MSG, that owns the New York Knicks and the New York Rangers, now seems to be undervalued.
And there are some big catalysts here. Longer-term, investors should be taking a look at the huge market potential for sport streaming and television rights right now.
However, the greatest thing on investor radar presently is progress towards turning off MSG’s sports business, for that it filed its initial Form 10 on October 4th. The spin-off would mean that investors can better assess the organization’s assets and future potential, as Forbes points out, giving both businesses”increased strategic flexibility to pursue their own distinctive business plan and funding allocation policy”.
Number 5 Penn National Gaming (NASDAQ:PENN)
Overall, it’s been a rollercoaster year for Penn, but the new lease on life for sports gambling changes matters.
This nearly $2.7-billion market cap casino company is putting its biggest bet yet with a $3.1-million gamble that the home will win. The price is the biggest insider purchase in 15 decades. And it is about sports gambling. Penn is planning to launch sports betting at five Mississippi casinos and its Hollywood Casino.
It also gained an increase in mid-November on information that it might acquire Detroit’s Greektown Casino-Hotel’s operations for $300 million from Cleveland Cavaliers owner Dan Gilbert, the creator of Detroit-based Quicken Loans.
That rollercoaster showing this year, also PENN’s overlook 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 chance.
Other companies that can not be forgotten in the brand new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading entertainment and hospitality supplier based in Alberta, Canada. The business operates four principal properties in the Alberta province, each offering slot machines, table games, top excellent hospitality and much more meant to appeal to both casual gamers and committed gamers alike.
GameHost is famous for supplying dividends to its shareholders, a bonus for people who have stuck with the business through the years. In reality, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease costs and improve offerings, making 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 which aren’t purely historical are forward-looking statements and contain statements regarding beliefs, plans, intent, predictions or other statements of future tense. Forward looking statements in this article include that the gambling sector continues to grow; that a larger investment chance than casinos may be in growth stocks such as Bragg; that GiveMeSport’s new website begins with sports gambling before expanding into the other areas like casino games, e-sports, poker and lottery products; that Bragg Systems might have a system which would be accepted by gamers; that it may leverage the Give Me Sport fan base into sports gambling through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the size of the possible sports gambling market; that Oryx gives it the gambling platform to split into the online sports gambling and betting market: that more states in the US will legalize sports gaming; and that Bragg’s earnings will continue to increase; and also that the firm intends to raise and acquire assets across the entire spectrum of gaming verticals in multiple jurisdictions. Forward looking statements involve known and unknown risks and uncertainties which may not prove to be true. Actual outcomes and results may differ materially from what is expressed or forecasted in those forward-looking statements. Matters that may impact the outcome of these forward looking statements include markets might not materialize as expected; gaming may not turn out to have as big a market as presumed or be as lucrative as thought as a consequence of competition or other factors; enthusiasts who enjoy game might not be converted to online sports bettors; Bragg might not be in a position to offer a competitive product or climb upward as thought because of prospective inferior online merchandise, lack of funds, lack of amenities, regulatory compliance demands or absence of appropriate contacts or employees; Bragg intellectual property rights applications may not be allowed and even if allowed, may not adequately protect Bragg intellectual property rights; and other risks affecting Bragg in particular 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 your online sports gambling industry in general that also impact Bragg including without limitation the following: Competition may offer better online gaming products luring away Bragg’s clients; Technology changes quickly in the company 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 endure; Bragg may experience security breaches and cyber threats; authorities may impose significant barriers to online gaming firms; Bragg’s business may be adversely affected if consumer security, information privacy and security practices are not adequate, or perceived as being insufficient, to prevent data breaches, or by the application of consumer protection and data privacy laws generally; The merchandise or services Bragg distributes through its platform may contain defects, which may adversely affect Bragg’s reputation.
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