Language: English

5 Companies That Could Win Big as the U.S. Legalizes Sports Betting

LONDON, January 17, 2019 /PRNewswire/ —

FN Media Group Presents Safehaven.com Market Commentary
This is the point where Las Vegas is changed into something that transcends physical boundaries, and we’ve got the U.S. Supreme Court to thank for opening up a massive sports betting market that-for starters-will probably absorb the $150 billion that the American Gambling Association estimates is bet illegally on sports Each 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 big and diverse. Everyone from live in-game betting operators, to casinos, sports clubs and betting app manufacturers are set to cash in their chips here.
Some are even speculating that societal 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 massive user foundations and infrastructure. However crowded this space becomesall stakes are on the house.
In May, the Supreme Court struck down a 1992 federal law that barred states from sports betting. Now, many states are lining up to replicate something similar to the quarter of a billion bucks in sports stakes which New Jersey took in just in October, or even better, the $528 million that Nevada earned 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 space indicates, again and again, that should investors pick the ideal market, the ideal company, at the perfect time, outsized returns are potential”.
When it’s a recognized casino giant angling for fresh flesh, a sports group that sees the green in partnering with the gaming world, or a savvy small that sneaks in to position itself as a end-to-end provider of next-gen gaming options…
Here are 5 stocks which can get investors into the game:
#1 MGM Resorts (NYSE:MGM)
The biggest casino operator in the USA, MGM brings 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 guys are building a sports betting 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. Thus, MGM will be MLB’s official gaming partner, adding to the hotels firm’s sports line-up, which included pro basketball and hockey.
Investors will also be 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 finally have access to its online and mobile gaming platforms-and vice versa-in several 15 nations.
#2 Bragg Gaming Group, Inc. (BRAG.V; BKDCF)
This little-known company boasts the single largest Facebook page in the internet sports industry, with 26 million fans who are sports fanatics. The Bragg Gaming Group is gambling that many are prepared to pounce to a new sports gambling app in the $150-billion marketplace that just opened up.
Bragg is positioning itself as an end-to-end provider of next-generation gambling options, transitioning from its traditional tech 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 to sports betting, lotteries, B2B/B2C gaming technology and payment services, 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 defeats even ESPN.
Even better where time is concerned, they are going to launch their first game to this massive audience. It’s a new program that they’ve been holding back for years, waiting for sports betting to be legalized.
The catalysts are currently mounting: Bragg has lately acquired Oryx Gambling, a turnkey gaming solutions provider for casino operators that comprise over 5,000 integrated games, such as from Tier-1 gaming operators. That is when leveraging 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 operate under the GiveMeBet banner, working pretty similar to 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 consumers and work to market them, starting with sports betting and then moving on to casinos, e-sports, poker, lotteries, B2B/B2C gaming technologies and payment solutions.
So, Bragg will own three gambling and media resources: GiveMeSport, Oryx Gaming and GiveMeBet-all to be high-value businesses serving high-growth markets.
The two GiveMeSport and Oryx Gambling are established growth machines. Since April 2017, Give Me Sport’s UK monthly traffic has risen by 5 million and now exceeds 30M. Revenue has grown by a healthy 30% clip.
#3 Caesars Entertainment (NYSE:CZR)
Give unto Caesar what is his… and the newly legal sports betting bonanza is likely to do just that. Casino stocks will probably be one of the largest beneficiaries of the Supreme Court’s May judgment.
And among the greatest specific catalysts is Caesar’s positioning of itself to obtain access to the exceptionally lucrative Japanese gaming market, following a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the’mother lode’ to get Las Vegas gaming firms due to the Japanese penchant for gaming, Caesar’s is predicted to soar with this. However, not only with this: The location means it will automatically have access to additional Asian gambling tourists.
The new 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 everybody who possesses a top-four professional sports club just essentially watched the value of their team twice .”
The nearly $7-billion market cap MSG, which 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 taking a look at the massive market potential for sports television and streaming rights at the moment.
But the greatest thing on investor radar now is progress towards spinning off MSG’s sports industry, for that it filed its first Form 10 on October 4th. The spin-off would indicate that investors can better evaluate the company’s assets and future potential, as Forbes points out, providing both companies”enhanced strategic flexibility to pursue their own identifying business plan and funding allocation policy”.
#5 Penn National Gaming (NASDAQ:PENN)
In general, it has been a rollercoaster season for Penn, but the new lease on life for sports gambling affects matters.
This almost $2.7-billion market cap casino organization is placing its biggest bet yet with a $3.1-million bet the house will win. The price is the biggest insider purchase in 15 years. And it’s about sports gambling. Penn is planning to start sports gambling at five Mississippi casinos and its own Hollywood Casino.
It also gained a boost in mid-November on news that it would get Detroit’s Greektown Casino-Hotel’s operations for $300 million from Cleveland Cavaliers owner Dan Gilbert, the founder of Detroit-based Quicken Loans.
That rollercoaster showing this season, plus PENN’s miss on analyst estimates in quarterly reporting end up rendering the stock fairly cheap after working from the new potential of the sport betting segment and also the casino company’s capability to grasp this chance.
Other Businesses that can’t be forgotten from the new gaming boom:
GameHost Inc (OTCMKTS:GHIFF)
GameHost is a leading hospitality and entertainment provider based in Alberta, Canada. The business operates four principal components in the Alberta province, every supplying slot machines, table games, top excellent hospitality and more meant to appeal to both casual players and committed players alike.
GameHost is well-known for supplying dividends to its shareholders, a bonus for people who have stuck with the company through recent years. In reality, its focus on increasing value for shareholders is made abundantly clear in its mission to decrease prices and improve offerings, creating 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 that are not 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 gaming industry continues to grow; that a bigger investment opportunity than casinos might be in growth stocks like Bragg; this GiveMeSport’s new website begins with sports betting before expanding into the other regions like casino games, e-sports, poker and lottery products; which Bragg Systems might have a system which will be approved by gamers; it may leverage the Give Me Sport fan base into sports gambling through Bragg’s platform to drive adoption and expansion; which Bragg can protects its intellectual property; the magnitude 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 that Bragg’s revenues will continue to increase; and also that the firm intends to raise and acquire assets throughout the entire spectrum of gaming verticals in multiple 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 these forward-looking statements. Matters that might impact the outcome of these forward looking statements include that markets might not materialize as anticipated; gambling might not turn out to possess as large a market as presumed or become lucrative as thought as a result of competition or other factors; fans who like sport might not be converted to online sports bettors; Bragg may 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 lack of suitable contacts or employees; Bragg intellectual property rights software may not be allowed and even when allowed, might not adequately protect Bragg intellectual property rights; and other risks affecting Bragg specifically and the gambling industry generally. The forward-looking statements within 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 laws.
Risk factors for your online sports gambling industry in general which also affect Bragg including without limitation the following: Competitors 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 adopt new business strategies, methods or technologies, the quality, timeliness and competitiveness of its products and services may endure; Bragg can experience security breaches and cyber threats; regulators may impose significant hurdles to online gaming companies; Bragg’s business could be adversely affected if consumer security, data privacy and security practices aren’t sufficient, or perceived as being insufficient, to prevent data breaches, or from the application of consumer protection and information privacy laws generally; The merchandise or services Bragg spreads through its stage may contain defects, which could adversely affect Bragg’s standing.
DISCLAIMERS
PAID ADVERTISEMENT. This communication is a paid advertisement and isn’t a recommendation to purchase or sell securities. Safehaven.com, Leacap Ltd, and their owners, managers, workers, and assigns (collectively”the Company”) has been paid by the profiled company or another party to disseminate this communication. In cases like this the Company has been paid by Bragg US million US dollars for this article and specific banner ads. This reimbursement is a major conflict with our ability to be impartial, more especially:
This communication is for entertainment purposes only. Never invest purely based on our communication. Gains cited in our newsletter and also on our site might be contingent upon end-of- day or intraday data. We have been paid by Bragg to conduct investor awareness promotion and marketing for Bragg. Thus, this communication should be regarded as a commercial ad only. We haven’t investigated the history of the company. The third party, profiled company, or their affiliates may liquidate shares of the profiled company at or close to the moment you receive this communication, that has the potential to hurt share rates. Frequently companies profiled in our alarms experience a large increase in volume and share price during the course of investor awareness advertising, which frequently end as soon as the investor awareness marketing ceases. The buyer awareness marketing may be as brief as one day, and a huge decline in volume and share price is very likely to happen.
We do not guarantee the timeliness, accuracy, or completeness of this information on our website or in our newsletters. The info in our communications and on our site is thought to be accurate and correct, but hasn’t been independently verified and is not guaranteed to be right. The data is collected from people and non-public resources but isn’t investigated or verified in any way at all to ensure the information is accurate.
SHARE OWNERSHIP. The owner of Safehaven.com owns stocks or inventory options of the featured company and therefore has an extra incentive to observe the featured company’s stock perform well. The proprietor of Safehaven.com won’t notify the marketplace once it decides to buy or sell stocks of this issuer on the marketplace. The proprietor of Safehaven.com will be purchasing and selling shares of the featured company for the gain. That is why we stress that you conduct extensive due diligence as well as seek the help of your financial advisor or a registered broker-dealer prior to investing in any securities.
NOT AN INVESTMENT ADVISOR. The business is not registered or licensed by any governing body in any jurisdiction to provide investing information or supply investment recommendation. ALWAYS DO YOUR OWN RESEARCH and check with a licensed investment professional before making an investment. This communication should not be utilized as a basis for making any investment.
INDEMNIFICATION/RELEASE OF LIABILITY. By reading this communication, you agree to the conditions of the disclaimer, for example, but not restricted to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and harm from the information contained in this communication. You further warrant that you’re solely responsible for any monetary outcome that may come from your investment choices.
RISK OF INVESTING. Purchasing is inherently risky. Even though a potential for rewards is present, by investing, you’re putting yourself in danger. You ought to be aware of the dangers and be willing to take them so as to invest in any security. Don’t trade with money you can not afford to lose. That is neither a solicitation nor an offer to Buy/Sell securities.
DISCLAIMER: Safehaven.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and information dissemination service provider, which disseminates electronic information through multiple online media stations. FNM isn’t affiliated in any manner with Safehaven.com or some other company mentioned herein. The comment, views and opinions expressed within this release by Safehaven.com are only those of Safehaven.com and aren’t shared by and don’t reflect in any manner the viewpoints or opinions of FNM. FNM isn’t responsible for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a information dissemination and financial advertising solutions provider and therefore are NOT a documented broker/dealer/analyst/advisor, retains no investment permits and might NOT sell, offer to sell or offer to buy any security. FNM wasn’t compensated by any public business mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains”forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and these forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are usually preceded by words such as”may”,”future”,”plan” or”intended”,”will” or”ought to”,”expected,””anticipates”,”draft”,”eventually” or”projected”. You are cautioned that such statements are subject to a large number of risks and uncertainties that could cause future conditions, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those estimated in the forward-looking statements because of various factors, and other risks identified in a company’s annual report on Form 10-K or even 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in assessing the forward-looking statements included herein, and not place undue reliance on these statements. The forward-looking statements within this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Info:
Media Contact – FN Media Group LLC
Email: editor@financialnewsmedia.com
U.S. Phone: +1-LRB-954-RRB-345-0611
SOURCE Safehaven.com

Read more: manchesterinnews.com

Leave a Reply

test cont.