Sitting on a Cash Pile 2.0? Play the Tech Side of Sports Betting

Sitting on a Cash Pile 2.0? Play the Tech Side of Sports Betting

$SGMS

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

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.

We have noticed recent pure-play peer stock performance, and expect management to weigh potential to unlock value Vs cross-segment synergies.

Our price target given market re-rating the company a Strong Buy is raised to 45/shares.

Scientific Games stock broke out on 26 June at 14.935 and was confirmed on 22 June at 16.26. All of our Key technical indicators have turned Very Bullish in here.

There is Strong Support at 14.31 and Key resistance at 29.18, a clear break above that mark augers a run to 45+ long term.

News: Scientific Games Powers Sports Betting for Betfred in Colorado

Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally.

The company’s 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.

The company’s Lottery segment designs, prints, and sells instant lottery products; designs and manufactures instant games tickets; offers instant products planning, monitoring, management system, warehousing, inventory management, distribution, marketing, and game support functions; supplies player loyalty programs, merchandising services, and interactive marketing campaigns; and sublicenses brands for lottery products and lottery-related promotional products. It also provides software, hardware, and related services for lottery operations; and lottery systems software maintenance and support services.

The company’s SciPlay segment sells virtual coins, chips, or bingo cards; and third-party branded games and original content through mobile and web platforms. Its 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.

The company was founded in Y 1984 and is HQ’d in Las Vegas, Nevada.

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.