GBA's "2021 Stock Phantasma"

stonedinvestor said:
Sit back folks-

MGM Resorts Sees Massive Growth From Its DraftKings Rival

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  • 04:37 PM ET 04/21/2021
MGM Resorts (MGM) says its online betting app BetMGM is on track to grab up to 25% market share long-term and rake in $1 billion net revenue by 2022. MGM stock rose.

The casino operator is holding an investor day event today.

Its $1 billion forecast for next year would be up sharply from the $178 million in BetMGM revenue last year as well as Wall Street estimates for $500 million this year. In fact, in Q1 alone, BetMGM had revenue of $163 million, up 430% from a year ago and 114% from Q4.

Long-term EBITDA margins estimates remain at 30%-35%. The company plans to invest $450 million in the business in 2021, expecting it to be the highest annual cash usage.

Meanwhile, MGM's estimate for 25% market share contrasts with the app's current share of about 18%. It operates in 12 states, and the company expects it to be in 20 markets by the end of the year. It has 160 million customer profiles.

Such steep growth would also come in a just a short time. Launched in New Jersey in 2019 with partner GVC Holdings (now Entain), BetMGM went live in Nevada in March 2020 and has continued rolling out elsewhere since then.

Morgan Stanley analyst Thomas Allen expects the company to guide 2021 BetMGM revenue of more than $500 million at its investor day event.

"We see potential for MGM to guide to revenue more than tripling in 2021, a step-up from its 4Q20 guide of more than 100% growth and further highlighting this attractive business," he wrote in a recent note to clients Tuesday. "We expect to hear more about profitability (& its components), market access and partnerships."

As more states approve online sports gambling, BetMGM and rivals like online sports wagering specialist DraftKings (DKNG) and Penn National Gaming's (PENN) Barstool stand to benefit.

Most recently, New York approved online sports wagering. The state's gaming commission will take bids and choose two platform providers, with the option of adding more. Licensees must pay a one-time $25 million fee to the state. And the operator's license will need to be renewed after 10 years.

MGM CEO Adam Greenblatt said at the investor day he "sees a path to market in New York." He also said MGM's efforts to focus on online betting during the pandemic is "starting to bear fruit."

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Online sports betting has been a focus for MGM, especially as its casinos have struggled through shutdowns during the pandemic.

BetMGM also includes more than 100 gaming kiosks across MGM's Las Vegas properties.

MGM solidified its partnership with Entain with a second round of investment in BetMGM in July 2020. MGM made an $11 billion all-cash takeover bid for Entain on Jan. 3, which was rebuffed.

BetMGM's total addressable market in North America is an estimated $28 billion, split 50-50 between online sports betting and iGaming. Greenblatt says that figure is expected to reach $32 billion long-term. Canada represents a $4.4 billion market, in which BetMGM expects to participat...
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You could buy 10 shares of ELYS for every MGM.
And since they both started at $3.95 and $39.50.... the race is on.
ELYS $4.36 pre-market. Is MGM at $43.60 yet. ;)
 
Hey Van MGM should be one of your bigger 2021 positions.

I am removing Avantor AVTR from the Phantasma today! ($27-$33) it is a slow mover. & I found another reason.

--> Van Give me your take on WRAP what you see option-wise or whatever it is you do... Edgar me!!! It's not going to be an easy switch for me at the HF one being rather stable and one being WRAP... But I do have the whole theory I want to give them in case they take it to a lunch meeting and maybe get involved. It happens on very few of my picks... Maybe none.
 
Van it's too late. Don't tell me how terrible the company is .. It's too late... I'm all-in.

Why Me? Why the F me!!!!!!:mad: the weirdest shit happens to me and nobody else!!! I'm telling you... Take a look at this friendly email I got today. YOU CAN't MAKE THIS UP!!!!

During a quarterly security review, it was identified that your client XXX stonedbastardXXX account currently holds 519 shares of Curaleaf Holdings, Inc. Our research indicates that Curaleaf Holdings, Inc is a leading medical and wellness cannabis operating in the United States across 23 states, therefore investments into this entity would be prohibited per federal law.

Would you please contact your client to discuss this security. We would prefer if the client can move the assets to another firm or sell the security. Please just let us know what you intend to do as soon as possible.

WTF:banghead:
 
stonedinvestor said:
Hey Van MGM should be one of your bigger 2021 positions.

I am removing Avantor AVTR from the Phantasma today! ($27-$33) it is a slow mover. & I found another reason.

--> Van Give me your take on WRAP what you see option-wise or whatever it is you do... Edgar me!!! It's not going to be an easy switch for me at the HF one being rather stable and one being WRAP... But I do have the whole theory I want to give them in case they take it to a lunch meeting and maybe get involved. It happens on very few of my picks... Maybe none.
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I dunno Stoney, it's a story stock. A one trick pony. But so was your Shot-Spotter.
The options are pricing a worse case scenario of a 20% move in one direction or the other for the next month, I don't think it'll go much above $6 anytime soon. Unless they get a big contract or WSB's falls in love with it. Small institutional ownership. No debt really, that's always a good thing. But the price to sales... 50 ... that's ridiculous. High short interest. About 17%.
The chart looks weak on a 2 year view. It screams $4.

They can certainly milk the PR for every sale they get. I mean it is in the right sector at the right time.
The Bolla however is by no means a panacea for the problem the country is demanding a solution for. It only works in the right situation, and for real, how many devices can one cop wear ya know?

So that's my take Stoney. Quit wasting my time on these crazy finds of yours. You owe me lunch at CMG when we open the HQ back up. Nasstassia too. Yulia wants to go back to Crimea now and join a punk rock band.
Ahhhhhh...
 
stonedinvestor said:
WRAP )
WRAP TECH ADDED TO Phantasma AT OPEN. ORDER IN.
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Smuckers hit $134 yesterday.

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Agree with your research Van. I just think the killings are not stopping. So we need some new tools. The Bolo Wrap is far from perfect it would of not worked with the young man shot in the car by the female cop. But this newest case of the knife wielding girl shot I think it would have and in many cases it works great. I think there can be a natural move away from Taser re orders to try some of these non leather ideas. There are others that shoot powerful balls and such but you can still get drilled in the face.. There is an elegance here to the fact that this is the same ancient idea that the Peruvian's used off their horses! It is cool and efficient-you get wrapped up-

So What am I hoping for.. Biden or Harris to encourage more local towns to put into their budgets non lethal force tools. And look what it cost that NJ town nothing! This could pick up steam and I think honestly it should be in every cop car or on every hip... I've got the right idea and the right product... now I just need a bunch of other investors to agree with me. Could the upcoming next week earnings report give some clues to potential orders? I hope so.
 
Wrap Technologies, Inc. (WRAP)-Flat at open.
NasdaqGS - NasdaqGS Real Time Price. Currency in USD

5.10-0.18 (-3.41%)
At close: 4:00PM EDT
5.10 0.00 (0.00%)
Pre-Market: 9:23AM EDT
 
stonedinvestor said:
Agree with your research Van. I just think the killings are not stopping. So we need some new tools. The Bolo Wrap is far from perfect it would of not worked with the young man shot in the car by the female cop. But this newest case of the knife wielding girl shot I think it would have and in many cases it works great. I think there can be a natural move away from Taser re orders to try some of these non leather ideas. There are others that shoot powerful balls and such but you can still get drilled in the face.. There is an elegance here to the fact that this is the same ancient idea that the Peruvian's used off their horses! It is cool and efficient-you get wrapped up-

So What am I hoping for.. Biden or Harris to encourage more local towns to put into their budgets non lethal force tools. And look what it cost that NJ town nothing! This could pick up steam and I think honestly it should be in every cop car or on every hip... I've got the right idea and the right product... now I just need a bunch of other investors to agree with me. Could the upcoming next week earnings report give some clues to potential orders? I hope so.
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The ultimate solution in most cases not involving a warrant is deescalation imo. Biden needs to start a federally funded police university, and not some virtual bs, I mean a real campus, like a real college. Dorms and everything. High school grads can attend for two years and then put themselves on the market to the 18,000 police forces we currently have. Teach the best of what we have learned, have the best teachers. Study other countries that don't have this problem as much. All kinds of things. Psychology would obviously be a biggie.

Change will take time. This would be a great long term first step.
 
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