Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
How to Double Your Money in the $115 Billion Global Gambling Market
https://mney.co/2trceq3
Required Please enter the correct value.
Twitter
Stocks: DDE, MGM

How to Double Your Money in the $115 Billion Global Gambling Market

By Garrett Baldwin, Executive Producer, Money Morning • June 21, 2018

View Comments

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

A recent U.S. Supreme Court decision opened the sports-gambling flood gates. And while investors are scrambling to find the best gambling stocks to soak up that money, we're already one step ahead...

Last Thursday, the Borgata Hotel Casino & Spa in Atlantic City, N.J., opened its sports-gambling book.

GamblingIt was a monumental event in the wake of New Jersey's decision to legalize sports gambling. It's also a sign of just how quickly states - and casinos - are acting to take advantage of the Supreme Court's decision.

It's also setting off a firestorm of speculation on the best sports-gambling stocks to buy.

And MGM Resorts International (NYSE: MGM), which owns the New Jersey casino, rose quickly to the top of a crowded field of existing and speculative players, and for good reason.

It currently has a Money Morning VQScore™ of 4, the top score a stock can receive.

Wall Street agrees. According to TipRanks.com, the stock is rated a moderate buy, with a price target of $40.50. That price represents roughly 32% upside from today's current levels of $30.58.

But you can make even more money...

While MGM is in our "Buy Zone" as a great long-term investment and a way to profit from legalized gambling, there's an even better way to ride MGM for even bigger profits.

I'm not talking about buying options or some other exotic trading strategy.

I'm talking about making monster gains by buying shares in one company on MGM's radar.

And by following MGM's money, you could net a quick 100% return in just months...

The MGM Acquisition that Could Lead to a 100% Profits

A Supreme Court's 6-3 ruling in May struck down the 1992 federal law that banned sports gambling in most U.S. states.

Now, full-scale sports-gambling laws are already on the books in Nevada, New Jersey, and Delaware. Bills legalizing sports gambling recently passed in Pennsylvania, West Virginia, and Mississippi.

Fifteen other states have already introduced bills to get in on the action and gain a new stream of tax revenue.

This is going to be a massive profit opportunity based on the conversations I've had with analysts and politicians on the issue.

The World's Greatest Stock Picker's Bold Bet: There is not a single doubt in his mind that this market could make investors huge money in 2018. This technology is not only game-changing - it's life-changing.

But it's not as easy as just opening the doors to new sports-betting customers.

In order for companies to dominate the gambling industry, one thing is going to be critical in the years ahead.

Scale.

Scale is vital to capturing market share in this emerging industry.

Sports-gambling operations need the largest possible audience in order to maximize profitability.

You see, a larger betting audience provides casino operations with a better view of odds and spreads on events.

Casinos make money off the "vig," which is the amount it charges to make a bet.

Oddsmakers want minimal exposure to being wrong and having to pay out bets.

By having more data on how people are betting, as well as on the potential outcomes and payouts, it can set the betting structure even tighter to minimize losses and maximize profits.

That means organic growth isn't going to be the pathway to profitability.

Instead, the existing gambling titans will look to swallow up smaller players and capture their markets.

And we want to locate the undervalued assets that are easy targets for acquisition... and significant profit opportunities for us.

With tax reform as a major tailwind for the industry, larger gambling operations have more cash on hand and access to additional capital to engage in mergers and acquisitions in the year ahead.

Deal-making is already underway.

Video

Supreme Courts Overturns Federal Ban on Sports Gambling

U.K.-based online gambling operation Paddy Power Betfair was the first company to strike, in May, with a 61% stake in fantasy sports operator FanDuel.

But MGM stands out because of its recent purchase of Empire City Casino and Yonkers Raceway, an $850 million deal that will seek to capitalize on potential sports and other forms of gambling just 15 minutes from the heart of Manhattan.

And looking ahead to its next deal, I wouldn't be surprised to see MGM snap up another company on the cheap given its attractive valuation and existing audience.

That's where you could make a 100% return...

Here's the Real Way to Get Rich from Sports Gambling

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
James Allen
James Allen
4 years ago

Always ready for good investment ideas!

0
Reply
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz