The E Sport That Turns Gamers Into Millionaires Now Has A Card Game Spin Off. And It Looks Hard
(Click to enlarge)
Even better where timing is concerned, they are about to launch their first game to this massive audience...
It’s a new app that they’ve been holding back for years, waiting for sports gambling to be legalized.
The catalysts are mounting: Bragg has recently acquired Oryx Gaming, 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 (TSX.V:BRAG.V; OTC: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 market its diverse product suite. Its sports betting arm will operate under the GiveMeBet banner, working pretty much like Sky Betting and Gaming, which was sold to the Stars Group to April this year for £5.7 billion.
GiveMeBet will funnel GiveMeSport’s 26M users and work to monetize them, starting with sports betting 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 assets: GiveMeSport, Oryx Gaming and GiveMeBet—all to be high-value businesses serving high-growth markets.
Both GiveMeSport and Oryx Gaming are proven growth machines. Since April 2017, Give Me Sport’s UK monthly traffic has increased by 5 million and currently exceeds 30M. Revenue has grown by a healthy 30 percent clip.
For investors looking for that sweet under-the-radar bet in a sector that is worth an estimated $150-billion only from formerly illegal sports betters—this is the pure play.
#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 be one of the biggest beneficiaries of the Supreme Court’s May ruling.
And one of the biggest specific catalysts is Caesar’s positioning of itself to gain access to the wildly lucrative Japanese gaming market, following a Japanese ruling in July allowing Las Vegas-style casinos.
Dubbed the ‘mother lode’ for Las Vegas gaming companies because of the Japanese penchant for gambling, Caesar’s is expected to soar on this. But not only on this: The location means it will automatically have access to other Asian gambling tourists.
Japan is expected to issue its first casino license in 2020 and see its first casino opened in 2025. But the big number of interest to investors is the $21 billion gaming market Japan is expected to be.
Las Vegas gaming executives expect the first casino license to be issued in 2020, with the first resort to be opened by 2025. Osaka, Wakayama and Yokohama are among the cities interested in hosting a casino.
The recent quarterly earnings also helped, with CZR reporting $.0.03 earnings per share, meeting analyst expectations, with $2.19 billion in revenue for the quarter.
The stock is down from highs right now, but a brand new world is opening up to it, and many view it as undervalued: