Connect with us
SIS

Gambling in the USA

A Billion Dollar Opportunity in the Online Gaming Market (Safehaven.com Market Commentary )

Zoltan Tundik

Published

on

Reading Time: 10 minutes

 

FN Media Group Presents Safehaven.com Market Commentary

Currently, Global Market Advisors estimate illicit sports betting is a $150 billion industry. NBA commissioner Adam Silverhas written that some even estimate it at $400 billion per year. And in 2018, a little-known U.S. Supreme Court decision ripped open the door to a potential multi-billion-dollar market – the digital gambling industry. Mentioned in today’s commentary includes: Stars Group Inc (NASDAQ:TSG), Brookfield Business Partners (NYSE:BBU), GameHost Inc (OTC:GHIFF), Blackberry Ltd. (NYSE:BB), Wynn Resorts Limited (NASDAQ:WYNN).

For decades this was a massive black market. But after a landmark ruling in the nation’s highest court, the whole industry is now poised for rapid legalization. A rush for the U.S. market is kicking off. And Bragg Gaming Group (BRAG.VBKDCF) is positioned to seize a chunk of the online gambling spoils.

Americas Multi Billion Dollar Gambling Revolution

On May 14th the U.S. Supreme Court ruled in favor of New Jersey in a 6-3 decision – striking down the federal law that banned sports betting in most states. This is a potential $400 billion market, and it’s now open for business. And, while many investors are focusing on Blue Chip casino names – an opportunity may be in stocks like Bragg Gaming Group (BRAG.V; BKDCF).

To dominate this new industry, companies need three things: 

#1 – A veteran operating team with experience in the industry.

#2 – Proven technology with a tested back office platform.

And…

#3 – Media assets that can drive massive customer growth.

Bragg has all three – and they could soon join the likes of Las Vegas Sands (LVS)Wynn Resorts (WYNN) and Caesars Entertainment (CZR) in the online gaming industry.

Veteran Gaming Industry Operators

Bragg Gaming Group (BRAG.V; BKDCF) boasts a gaming industry dream team. CEO Dominic Mansour has nearly 20 years’ experience in the gaming and lottery industry. He operated Full Tilt poker – the 2nd largest poker site in the world. This was an enterprise with over $450 million in annual revenue.

CFO Akshay Kumar was previously CFO at NetPlay. Prior to this he was Financial Controller at Sporting Index, the sports spread betting specialist.


Matevz Mazij is the Managing Director of Oryx – a key Bragg Gaming division. He founded the company in 2010, after spending 8 years as one of the IT minds behind multiple online and land-based gaming companies around the world. Together, the team intends to compete across the online gambling industry’s full spectrum of B2B and B2C verticals – first in Europe and ultimately in the United States.


A B2B Online Gambling Powerhouse With Positive Cash Flow Today

The first pillar of the Bragg Gaming Group (BRAG.V; BKDCF) opportunity is Oryx Gaming – a turnkey B2B gaming solution provider they acquired in 2018. It’s critical to the company’s plans for two reasons:

#1 – Infrastructure

And…

#2 – Cashflow

Oryx publishes over 5,000 game titles. They provide the technology, the gaming platform, risk management, operations and back office services. They are certified, approved and licensed in Malta, Schleswig Holstein, SpainRomaniaColombiaCroatia, Serbia, Gibraltar, UK and Slovenia. And, right now they’re very much cash flow positive.

This gives Bragg Gaming Group (BRAG.V; BKDCF) the resources and operational capability to launch their own B2C gaming brands in both Europe and the United States.


A Sports Media Asset That Dominates ESPN On Facebook

Since 2003 when U.S. regulators began cracking down on gambling advertisements, most ad platforms highly restrict, or even prohibit them outright. Facebook requires written permission in advance for any real money gaming ad.

That’s why Bragg Gaming Group (BRAG.V; BKDCF) which was then known as Breaking Data, in 2017 acquired GiveMeSport – a next generation sports media asset. With 26 million followers, they are the largest sports publisher on Facebook. ESPN is in second place with just 18 million followers – or over 44% less. Right now, the only monetization plan for GMS is paid advertising. Their ad revenue growth is sitting at 83% year over year. But that’s merely the short-term plan for the site.

The Next World Class Gaming Company?

According to Bragg Gaming Group (BRAG.VBKDCF) CEO Dominic Mansour “the acquisition of Oryx is the first step on the road to the creation of a new global gaming group.”

First, they intend to launch the GiveMeBet gambling platform. Oryx will provide the technology platform and software to run the service. Bragg Gaming has an agreement with Argyll, which holds a UK betting license to operate the site.

They’ll leverage the massive audience from their GiveMeSport website to drive adoption and growth. This isn’t an untried model – it’s been done before.

As legalization unfolds in the United States, the company intends to grow and acquire assets across the full spectrum of gaming verticals in multiple jurisdictions.

Why You Need To Pay Attention

The May 14th U.S. Supreme Court decision to overturn PASPA, in favor of New Jersey, was a watershed moment for online sports gambling in the United States.

Seven states – ConnecticutDelawarePennsylvaniaIowaNew YorkMississippi and West Virginia – have laws prepared to make sports betting legal. And BRAGG boasts an incredibly experienced team of industry veterans. With Oryx, they have both the infrastructure and revenue to pursue an ambitious roadmap.

Thanks to GiveMeSport’s over 30 million unique visitors – they also have a media springboard to launch B2C platforms like GiveMeBet in Europe and the U.S. This is a massive potential opportunity for Bragg Gaming Group (BRAG.VBKDCF)


Other companies ready to jump on the betting boom:

Stars Group Inc (NASDAQ:TSG)

In December, Stars Group secured a major partnership with the National Basketball Association in order to use data and league marks across their digital sports betting offerings.

Scott Kaufman-Ross, Head of Fantasy & Gaming, NBA explained, “This dynamic partnership will be another way to create authentic fan engagement with league logos and official NBA betting data, while leveraging Stars’ global expertise to further optimize the fan experience.”

Brookfield Business Partners (NYSE:BBU)

Brookfield is a top-notch business acquisition firm with a tremendous focus on success and the creation of shareholder value. The company’s experienced leadership has led to incredible deals over the years, including a profitable partnership with Great Canadian Gaming.

The partnership with Great Canadian Gaming allowed the pair to purchase an array of gaming assets in the Greater Toronto Area at price of C$170. Together, the two companies aim to improve the value of these assets as well as bolster the customer experience with new offerings and expansions of acquired properties.

GameHost Inc (OTCMKTS:GHIFF)

GameHost is a leading entertainment and hospitality provider based in Alberta, Canada. The company operates four primary properties in the Alberta province, each offering slot machines, table games, top quality hospitality and more meant to appeal to both casual gamers and dedicated gamers alike.

GameHost is well-known for providing dividends to its investors, a plus for those who have stuck with the company over the years. In fact, its focus on increasing value for shareholders is made abundantly clear in its mission to reduce costs and improve offerings, creating some of the highest profit margins in the business.

Blackberry Ltd. (NYSE: BB)

Blackberry made its name as a cell phone manufacturer, and essentially created what we now know as a smartphone, but many don’t realize that Blackberry is actually providing mobile cybersecurity for government agencies worldwide. It’s also playing security consultant. A major victory for Blackberry even came in when it won the right to sell its secure messaging tools to the U.S. government.

Blackberry’s bets on less popular emerging tech plays has really paid off, according to its latest earnings rounds, and as one of the companies that essentially paved the way for digital gaming, it’s sure to remain a favorite innovator among innovators for some time.

Wynn Resorts, Limited (NASDAQ:WYNN)

Wynn Resorts is another iconic Las Vegas staple. Founded by Steve Wynn following the sale of Mirage Resorts to MGM Grand, Wynn has become one of the strongest gaming stocks on the market, largely thanks to its Macao assets as the region continues to produces tremendous revenue for

Despite some management setbacks, resulting in the replacement of Steve Wynn for Matthew Maddox, Wynn has performed well against its competitors, even after a larger industry-level decline in mid-2018. And with Macao casinos poised for a rebound, Wynn Resorts is one to watch moving forward.


By. Ian Jenkins

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

FORWARD-LOOKING STATEMENTS. Statements in this communication which are not 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 that the gaming industry continues to grow; that a bigger investment opportunity than casinos may be in growth stocks like Bragg; that GiveMeSport’s new website will start with sports betting before expanding into the other areas including casino games, e-sports, poker and lottery products; that Bragg Systems may have a system that would be accepted by gamers; that it can leverage the Give Me Sport fan base into sports betting through Bragg’s platform to drive adoption and growth; that Bragg can protects its intellectual property; the size of the potential sports gaming market; that Oryx gives it the gaming platform to break into the online sports gaming and betting market: that more states in the US will legalize sports gaming; and that Bragg’s revenues will continue to increase; and that the company intends to grow 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 results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Matters that may affect the outcome of these forward looking statements include that markets may not materialize as expected; gaming may not turn out to have as large a market as thought or be as lucrative as thought as a result of competition or other factors; fans who like sport may not be converted to online sports gamblers; Bragg may not be able to offer a competitive product or scale up as thought because of potential inferior online product, lack of capital, lack of facilities, regulatory compliance requirements or lack of suitable employees or contacts; Bragg intellectual property rights applications may not be granted and even if granted, 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 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 laws.

Risk factors for the online sports gaming industry in general which also affect Bragg including without limitation the following: Competitors may offer better online gaming products luring away Bragg’s customers; Technology changes rapidly in the business and if Bragg fails to anticipate or successfully implement new technologies or adopt new business strategies, technologies or methods, the quality, timeliness and competitiveness of its products and services may suffer; Bragg may experience security breaches and cyber threats; regulators may impose significant hurdles to online gaming companies; Bragg’s business could be adversely affected if consumer protection, data privacy and security practices are not adequate, or perceived as being inadequate, to prevent data breaches, or by the application of consumer protection and data privacy laws generally; The products or services Bragg distributes through its platform may contain defects, which could adversely affect Bragg’s reputation.

DISCLAIMERS

PAID ADVERTISEMENT. This communication is a paid advertisement and is not a recommendation to buy or sell securities. Safehaven.com, Leacap Ltd, and their owners, managers, employees, and assigns (collectively “the Company”) has been paid by the profiled company or a third party to disseminate this communication. In this case the Company has been paid by Bragg seventy thousand US dollars for this article and certain banner ads. This compensation is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Gains mentioned in our newsletter and on our website may be based on end-of- day or intraday data. We have been compensated by Bragg to conduct investor awareness advertising and marketing for Bragg. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the company. The third party, profiled company, or their affiliates may liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur.

We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our communications and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public and non-public sources but is not researched or verified in any way whatsoever to ensure the information is correct.

SHARE OWNERSHIP. The owner of Safehaven.com owns shares and/or stock options of this featured company and therefore has an additional incentive to see the featured company’s stock perform well. The owner of Safehaven.com will not notify the market when it decides to buy or sell shares of this issuer in the market. The owner of Safehaven.com will be buying and selling shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.


NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

INDEMNIFICATION/RELEASE OF LIABILITY. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

RISK OF INVESTING. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don’t trade with money you can’t afford to lose. This 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 news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with Safehaven.com or any company mentioned herein. The commentary, views and opinions expressed in this release by Safehaven.com are solely those of Safehaven.com and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company 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 such 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 generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, 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 projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

Continue Reading
Advertisement
Comments

Gambling in the USA

IGT Extends Contract with Kansas Lottery for Providing INTELLIGEN™ System

Niji Narayan

Published

on

IGT Extends Contract with Kansas Lottery for Providing INTELLIGEN™ System
Reading Time: 1 minute

 

International Game Technology PLC, has signed a new three-year contract with the Kansas Lottery for providing its INTELLIGEN™ central computer system and services to monitor electronic gaming machines throughout the state. The new deal, an extension of the original central system services agreement awarded to IGT in 2008, will start on December 15, 2019 and end on December 14, 2022.

“We have leveraged more than 20 years of development expertise and knowledge gathering with gaming central system customers throughout the world to produce the INTELLIGEN system to ensure it’s equipped with the most advanced tools for our customers,” said Jay Gendron, IGT Chief Operating Officer, North America Lottery. “IGT and the Kansas Lottery have built a strong partnership since this contract began more than 10 years ago, and we’re pleased to be furthering this relationship by continuing to provide our advanced system to the nearly 5,000 electronic gaming machines in the state.”

“IGT’s INTELLIGEN system has helped the Kansas Lottery meet the objectives of operating our electronic gaming machines with the highest standards of integrity and security to benefit the state for the last 10 years,” said Stephen Durrell, Kansas Lottery Acting Executive Director “We look forward to continuing our relationship over the next few years.”

Continue Reading

Gambling in the USA

Rivers Casino Schenectady submits comment on legalising sports betting

Niji Narayan

Published

on

Rivers Casino Schenectady submits comment on legalising sports betting
Photo Source: albany.com
Reading Time: 1 minute

 

Rivers Casino & Resort Schenectady has submitted a comment on the New York State Gaming Commission’s proposed regulations for legalising sports betting in New York state. The regulations to authorise and regulate the conduct of sports wagering at the four commercial casinos licensed by the Gaming Commission, including Rivers Casino, are now open for public comment until May 20, 2019.

The following quote is from Rivers Casino & Resort Schenectady Acting General Manager, Justin Moore:

“We’re extremely pleased that sports betting regulations have been released for public comment and are looking forward to introducing one of the first licensed sports books in the state of New York at Rivers Casino & Resort Schenectady. It’s very exciting to be able to bring sports fans and sports bettors into the casino to place legal wagers for the first time.”

Continue Reading

Gambling in the USA

New Hampshire Passes Sports Betting Bill

Niji Narayan

Published

on

New Hampshire Passes Sports Betting Bill
Reading Time: 1 minute

 

The House of Representatives of New Hampshire has approved House Bill 480, which would legalise sports betting in the state. The bill will be sent to the Senate for further discussion.

The bill was passed in a 269–82 vote, with an amendment to the original proposal. The House decided that the bill needed work before allowing the arrival of sports betting in New Hampshire. Lawmakers set a limit of 10 retail sportsbooks in the state and the establishment of a council for responsible gambling. Furthermore, they clarified the prohibited events where sports betting would not be allowed. Collegiate sports events within the state, high school sports and amateur contests involving minors will be banned.

“We’re not creating a new industry here, we’re just bringing an illicit industry into a legalized industry,” Rep. Timothy Lang said. “If the bill passes, they’ll seek town approval to offer sports betting there. That’d be the kind of place you can go to sit and watch a game and place a bet,” he added.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.