Gaming stocks aren’t just levered to casual players. Increasingly, they’ve become a vital cog in the markets, especially during quarantine. While Score Gaming and Zynga are part of the gaming and entertainment industry, take a look at this report that outlines three stocks for the next-gen revolution.

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Allstar Gambling USA / News / Top 5 Gambling Stocks 2020Allstar GamblingJanuary 18, 2020TwitterFacebookWhatsApp

The Supreme Court of the United States of America in a landmark judgment given in May 2018 declared that the Federal law that allowed gambling of legalized sports in the country no longer stands constitutional. It was held that the law is violative of the 10th amendment. It was now declared that gambling in sports could now only be sanctioned and approved by states and is not under the purview of the Federal Government. This only resulted in a predictable sports insurgency.

In October, New Jersey had over $250 million involved in betting and this was a significant increase in 41% on betting as compared to how it was just a month before. Many other states are following the same pattern as gambling in legal sports reaches a new high. These include The Garden State, New Mexico, Pennsylvania, Rhode Island, Delaware and Mississippi among others. It is predicted that by the year 2022, all around the world, sports fans will be having as much as $1 trillion invested in online betting per year.

Five gambling stocks with great potential in 2020

Given below are five gambling stocks that one should keep an eye on in regard to gambling in legalized sports.

1. MGM Resorts (NYSE:MGM)

Betting on a small scale in sports is considered unimportant and insignificant in Las Vegas, USA. This comes into picture when we compare blackjack gains of $1.24 billion to actual gains of $329.1 million as extracted from legal sports. However, the news is that the chief chain of casinos to prime timing. This major casino hand in the United States alone generated over $4 billion of revenue in the city of Vegas. However, it also has its working in the Atlantic City but it overtook a proportion of the Casino Empire in the city of New York. It now has a substantial mark in the betting arena of sports having a rank of $114 million which accounts to be 35% in the betting world. MGM holds a market grab of $13.5 billion. It is utilizing its monetary strength to turn around the sports world when it comes to betting. The casino major has introduced betting in sports in two casinos in the Mississippi and has finally emerged as the “authorized gaming counterpart” of the NBA.

MGM Resorts has finalized deals with the most significant and prime leagues of the country. These include basketball, hockey, and baseball at the professional level. The leagues permit MGM to cross-advertise the casinos belonging to the company and also promoting the app for sports betting. It is important that note that MGM has only been possible in regulating bets in states where the action was previously legal. Till now, the biggest reward lies with the National Football League. MGM presently has a great hold of success and plans of having Philadelphia Eagles and Pittsburgh Steelers involved in sports betting, following which each game will be a fair play.

2. BRAGG (BRAG. V BKDCF)

The BRAGG Gaming Group was earlier known as Breaking Data Corporation. It has onlookers as large as 31 million virtue of its media asset, Give me Sport (GMS). It even has an internet connected playing the stage that is famous worldwide and is known by the name, Oryx gaming. Through Oryx Gaming aims to influence the GMS viewers into gaining power and emerging as the biggest betting of sports gaming customer record on the planet. The path of online gambling gives surprising levels of profit. Studies show that the gross rewards in the market through gambling in 2018 were $46.7 billion. It is predicted that the amount will go up to $89 by the year 2025.

The Facebook profile of GMS has as much as 26 million active user accounts. If this data is compared with ESPN, we see that even a significant sports brand as ESPN has only 19 million users on its Facebook page while its total worth amounts $28 million. If we talk about Sky Bet, the property was just sold off for %5.7 billion and only had 819,000 people as its audience. This has only led Oryx Gaming Services to introduce a GMS in order to have only one platform focusing on Sports Betting. Once the OGS is launched online it will incorporate the OGS technology with GMS to bring out an amazing experience to all the BRAG’s users.

Today, it is noticeable that BRAGG has two key possessions GMS and Oryx. The former has had an increased revenue earning of over 400%. The per month traffic online has also added by more than 5 million and additional revenue growth of 30%. It is believed that that BRAGG can grab eyes of its possible audience; it can bring to large monetary gains to the company. It can even come out as an important success story of this year.

3. International Game Technology (NYSE:IGT)

After having an unsure revenue through the year where the company had a significant one-year increase of $31 to a decrease of $14 by November. It is only in December that the numbers found an equilibrium at $16. It has a market hold of $3.4 billion and 12,000 employees and is known to be a big company that produces a significant amount of casino playing equipment and machine for slots, more than any other company. But now the company is evolving and embracing betting in sports. Since IGT is a service provider it shall not have to worry about the risks of maintaining books of sports. It merely needs to complete the requirements of companies like MGM and infrastructural construction that help in encouraging sports.

In 2017, IGT was managing money worth $12 billion being used in sports betting. It is advisable for IGT to be safer so that safely all the bets are placed by potential investors in the year 2019. In July 2018, IGL claimed to have started a collaboration with the famous betting company FanDuel. As per the collaboration, IGT will be responsible for bringing FD’s ongoing betting mechanisms to markets in 15 states of the country. IGT will also launch PlayShot that will use FD’S consumer looking and waging technology and provide service to people who bet in sports. FD wishes to use the technology of the very famous IGT to establish a remarkable footing in the world of betting in sports. Hence, it is predicted that after an uneasy year, IGT’s hard work and luck will finally pay off in 2019.

4. BOYD Gaming Corporation (NYSE:BYD)

The company is a significant and huge casino regulator in the United States and is the owner of 29 gaming possessions in 10 states. It is coming out to be a big character when it comes to sports gambling.

The previous decade, Boyd has shown unusual skills that have contributed positively to the company. It has dealt with a lot of sports books in the City of Sin. Since betting is considered legal it is planning to expand to different regions and their markets.

The firm has also come into collaboration with MGM as per which they will be equal partners in online and offline (mobile) gambling mechanisms. MGM is proposing its poker and playing applications for 15 states under sportsbook of Boyd’s. The deal is unexpected and can be the start of a huge gaming monopoly together owned by Boyd and MGM. B’Connect is Boyd’s new application for gaming and is used in 3 casinos. It has also signed a work project with FanDuel and offered to lend out its gaming characteristics for FD’s mobile and internet-abled gambling services. The contract allows for Boyd to have authority over all the states where it possesses licenses for gaming, other than Nevada.

5. Marriot International (NASDAQ:MAR)

Marriot serves as the biggest hotel businesses in the world. The hotel brand has a lot of collaborations with casinos and is even partners with them. Presently, MGM and Boyd wish to collaborate with Marriot to use their customer turn out to their own advantage and attract extra business. Marriot is significant all over the country and has deals relating to license with JW Marriot Resort & Spa located in Las Vegas. Recently, after all the negative publicity the hotel chain is facing, the company gave a statement regarding the building of a casino and resort with 4000 rooms. The negative attraction due to scandalous reported a breach of data. But the company has been patient in moving forward and strategized well to come out and claim over the market all over again.

Another company expected to have increased growth since gaming starts again:

6. Millenial eSports Corporation (OTCQB:MLLLF)

It is a small-scale firm located in Toronto with its main focus on E-Sports and E-Gaming. The company works on all- creation of content, data analysis, media and broadcasting, and, tools for execution. The firm introduced analytics and intelligence in business items for industry relating to e-gaming. It has even started working on the preferences on Aston Martin and McLaren, Motorola G and Formula E which are mainly based on mobile gaming arena.

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© Provided by 24/7 Wall St. With the election results still being counted, one thing is for sure. Anything that can generate tax revenue without being an onerous strain on citizens is getting a good bit of attention after the election, and with good reasons. The Supreme Court ruling in 2018 that struck down a 1992 federal law that effectively banned commercial sports betting in most states has been opening the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year.

Since then, more and more states are allowing casinos to open sports books and also legalizing fantasy and e-game betting. Many states, such as Louisiana, Nebraska and Maryland, have gambling initiatives on the ballot. It appears that they passed in those three states.

We screened our 24/7 Wall St. research universe looking for companies that stand to benefit and found five that are solid picks now. It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

Boyd Gaming

This top stock remains a Wall Street favorite. Boyd Gaming Corporation (NYSE: BYD) operates as a multi-jurisdictional gaming company with 30 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. It also owns and operates a travel agency. The company was founded in 1973 and is headquartered in Las Vegas, Nevada.

The company remains a favorite for Las Vegas locals and is substantially levered to the Las Vegas market. The company generally targets largely locals in this market. The company’s downtown properties also draw Hawaiian tourists. In general, Las Vegas locals performance is less affected by weekends versus weekdays in a period than other gaming markets would be, as a substantial portion of the local economy works in hospitality.

BofA Securities has a Buy rating and a $40 price target. The Wall Street consensus target is even higher at $42.36. Boyd Gaming stock traded early Thursday at $33.45.

DraftKings

The company became a huge favorite with younger people due to the surge in popularity of fantasy football. DraftKings Inc. (NASDAQ: DKNG) operates as a digital sports entertainment and gaming company. It provides users with daily sports, sports betting and iGaming opportunities. It also is involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products.

The company entered the market back in April in a time when most companies were putting off their initial public offerings. The offering was not an IPO in the truest sense because DraftKings came public through a merger with a special purpose acquisition company called Diamond Eagle, but similar rules applied.

The stock was hammered after a big move and is offering aggressive investors an incredible entry point. Top Wall Street analysts feel that sports betting should accelerate after the pandemic and the market for sports betting in the United States could reach $19 billion by 2023 to 2025. They also expect that in 2021 and beyond, engagement with digital leisure, pent-up appetite for sports and political realities should position DraftKings to accelerate.

Oppenheimer has an Outperform rating and boosted the price target in October to $65 from $55. The consensus target is $58.74, and DraftKings stock traded at $41.55 on Thursday.

Gambling Stocks List

Penn National Gaming

This is an analysts' favorite for online gaming and shares have backed up nicely after a massive run earlier this year. Penn National Gaming Inc. (NASDAQ: PENN) owns and manages gaming and racing properties, and it operates video gaming terminals with a focus on slot machine entertainment. It also offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania and West Virginia, and it operates an online casino under the name of iCasino in Pennsylvania.

Gaming And Gambling Stocks

Earlier this year, Penn National bought a 36% stake in Barstool Sports valued at $450 million, along with options to increase its stake to 50% in the future. Barstool is a sports media empire that claims 66 million monthly active users, roughly 100 million social media followers and two of the top 30 podcasts in the country.

Last month, Penn and Barstool jointly debuted Barstool Sportsbook, a digital sports betting app now available in Pennsylvania. The early success has been astounding. In its opening weekend, Barstool Sports Book surpassed the DraftKings and FanDuel preliminary download records. Penn's and Barstool's platform now boasts 48,000 Pennsylvanian users as of Penn's most recent update.

With a huge growth potential, and a big drop in the share price, this is an incredible play for aggressive growth investors.

The Barclays Overweight rating comes with an $85 price target. The consensus target is $74.64, and Penn National Gaming stock was last seen trading at $63.85.

Scientific Games

This is a play on the technology side of the sports betting potential. Scientific Games Inc. (NASDAQ: SGMS) develops technology-based products and services and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally.

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Its Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits and spare parts; slot, casino and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games. It also leases gaming machines; provides gaming operations and licensing arrangements; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems.

Scientific Games digital segment provides digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services; software design, development, licensing, maintenance and support services; Open Platform Systems; and content aggregation platforms.

Back in September, institutional investors, including highly credentialed gaming industry investor Caledonia, bought a 34.9% stake in Scientific Games. The company expects capital expenditures in the range of $210 million to $240 million and positive free cash flow for fiscal 2020.

A $50 price target accompanies the Jefferies Buy rating. The consensus target is much lower at $29.11. The last trade posted on Wednesday came in at $35.26, after a more than 3% pullback following third-quarter results that disappointed some. Scientific Games stock traded at $36.15 Thursday morning.

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Wynn Resorts

While a more traditional gaming play, this high-end company is a prime Las Vegas destination and its stock offers a superb entry point. Wynn Resorts Ltd. (NASDAQ: WYNN) operates Wynn Macau and Encore at Wynn Macau resort located in the People's Republic of China.

The Macau resorts feature approximately 284,000 square feet of casino space, which offers 24-hour gaming and a range of games, with 458 table games and 708 slot machines, private gaming salons, sky casinos and a poker room. Its two luxury hotel towers have a total of 1,008 guest rooms and suites, as well as casual and fine dining in eight restaurants, about 57,000 square feet of retail shopping in stores and boutiques, around 31,000 square feet of space for lounges and meeting facilities, and the Rotunda show. Recreation and leisure facilities include two health clubs, spas, a salon and a pool.

In Las Vegas, the company also owns and operates the Wynn Las Vegas and Encore at Wynn Las Vegas resorts, with a total of 4,748 hotel rooms, suites, and villas; 232 table games; 1,866 slot machines; a race and sportsbook and poker room in approximately 186,000 square feet of casino gaming space, including a sky casino and private gaming salons.

Gaming And Gambling Stocks

BofA Securities has a Buy rating and a $95 price target, while the consensus target is $90.81. Wynn Resorts stock was trading at $78.10.

Gambling Stocks Uk

It is clear that states need revenue. While some cringe at gambling as a source, for many it is more palatable than, say, recreational marijuana. All these stocks offer aggressive growth investors a great way to play the trend, while some serious selling recently has put prices at an outstanding level.