Hey guys, looking for some input on some potential stocks to get into. I'm of the belief that sometime soon, sports betting will become legal in a vast majority of our country. I'm looking to get into some stocks that would benefit from this happening. I know there's a bunch of obvious choices that are bigger companies, some that will benefit from the mobile platforms and the software for those platforms.....
MGM
Boyd Gaming
Churchill Downs (Who own TwinSpires)
IGT
Any other suggestions or info? Would appreciate it, thanks folks.
To remove first post, remove entire topic.
Hey guys, looking for some input on some potential stocks to get into. I'm of the belief that sometime soon, sports betting will become legal in a vast majority of our country. I'm looking to get into some stocks that would benefit from this happening. I know there's a bunch of obvious choices that are bigger companies, some that will benefit from the mobile platforms and the software for those platforms.....
MGM
Boyd Gaming
Churchill Downs (Who own TwinSpires)
IGT
Any other suggestions or info? Would appreciate it, thanks folks.
IGT is the software king but I am unsure if they are in the sports betting software niche. I have not checked but I am also not thinking it is a potential big hit for them anyway. IGT does the fun wacky slots kind of stuff and what kind of sports gambler wants a slick silly layout? I would not be shocked if IGT isnt seeing this as a big play for them long term if at all.
The Wynns or the regionals or the horse tracks that also have betting potential I am not sure what growth this adds to them, what the margins are (not just the betting margins but the cost of operations with that added) and if it really is a growth vehicle either.
IGT is the software king but I am unsure if they are in the sports betting software niche. I have not checked but I am also not thinking it is a potential big hit for them anyway. IGT does the fun wacky slots kind of stuff and what kind of sports gambler wants a slick silly layout? I would not be shocked if IGT isnt seeing this as a big play for them long term if at all.
The Wynns or the regionals or the horse tracks that also have betting potential I am not sure what growth this adds to them, what the margins are (not just the betting margins but the cost of operations with that added) and if it really is a growth vehicle either.
IGT is the software king but I am unsure if they are in the sports betting software niche. I have not checked but I am also not thinking it is a potential big hit for them anyway. IGT does the fun wacky slots kind of stuff and what kind of sports gambler wants a slick silly layout? I would not be shocked if IGT isnt seeing this as a big play for them long term if at all. The Wynns or the regionals or the horse tracks that also have betting potential I am not sure what growth this adds to them, what the margins are (not just the betting margins but the cost of operations with that added) and if it really is a growth vehicle either.
IGT you would think would have some interest just based off their relationships already built with these massive casino operations. Read some story about them teaming up with William Hill last fall who already has a foot print in this early sports betting stuff in places like Deleware, Rhode Island...West Virginia. But as you said, they are traditionally either in slot machines or your phone apps.
Twin Spires (Churchill) Was one of the mains leans, it's obviously not soft in price right now....but if and when it becomes available around that Kentucky area Twin Spires already has he app/platform to benefit.
I have a friend in Jersey, and he always sends me tickets from one of the books there and I want to say FanDuel was printed on the ticket. So I wanted to kind of start researching some of those type companies, and where they may look to go if and when they allow this and start regulating it.
Thanks for the input and discussion
Quote Originally Posted by wallstreetcappers:
IGT is the software king but I am unsure if they are in the sports betting software niche. I have not checked but I am also not thinking it is a potential big hit for them anyway. IGT does the fun wacky slots kind of stuff and what kind of sports gambler wants a slick silly layout? I would not be shocked if IGT isnt seeing this as a big play for them long term if at all. The Wynns or the regionals or the horse tracks that also have betting potential I am not sure what growth this adds to them, what the margins are (not just the betting margins but the cost of operations with that added) and if it really is a growth vehicle either.
IGT you would think would have some interest just based off their relationships already built with these massive casino operations. Read some story about them teaming up with William Hill last fall who already has a foot print in this early sports betting stuff in places like Deleware, Rhode Island...West Virginia. But as you said, they are traditionally either in slot machines or your phone apps.
Twin Spires (Churchill) Was one of the mains leans, it's obviously not soft in price right now....but if and when it becomes available around that Kentucky area Twin Spires already has he app/platform to benefit.
I have a friend in Jersey, and he always sends me tickets from one of the books there and I want to say FanDuel was printed on the ticket. So I wanted to kind of start researching some of those type companies, and where they may look to go if and when they allow this and start regulating it.
I like GMGI @.004...they just secured online gaming rights for state of art table gaming...which is utilized by almst 200 gaming operators in the Asia Pacific region (APAC)...these licensed operators currently serive more than 1.5 M registered usersacross all gaming GM-X platforms...(GMGI's Platform)..check it out...bolta
I like GMGI @.004...they just secured online gaming rights for state of art table gaming...which is utilized by almst 200 gaming operators in the Asia Pacific region (APAC)...these licensed operators currently serive more than 1.5 M registered usersacross all gaming GM-X platforms...(GMGI's Platform)..check it out...bolta
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