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FanEx Sports product can become a market leader

Monday September 23 ,2013 : ONLINE HORSE RACING FIRM ENTERS FANTASY SPORTS SECTOR
 
BetAmerica believes its FanEx Sports product can become a market leader.
 
BetAmerica is a San Francisco-based company best known for its virtual horse racing operations, but it will soon be a big name in the US fantasy sports sector if CEO John Ford achieves his goals.
 
The company is diversifying into the skill gaming field with FanEx, a fantasy sports website which offers a real-money hub for fantasy sports fans to compete in daily fantasy sports leagues.
 
Speaking to the publication GamesBeat, Ford said that FanEx is offering a range of fantasy action on sports that include NFL Football, Major League Baseball, and NBA Basketball. And the company has plans to expand that soon into PGA Golf and horse racing.
 
Ford is confident that FanEx can differentiate itself in a tough competitive market through its EasyScore proprietary system, which simplifies fantasy sports action for the punters, and - Ford claims - has the potential to attract players and turn the industry on its head.
 
BetAmerica is no stranger to holding and disbursing large sums of money - its online horse racing operation has paid out over $100 million to players since 2007, Ford says.
 
Likely competition for the new venture will include FanDuel, the current leader in daily fantasy sports, which has been around since 2009, and claims that it pays out over $2 million in prizes every week.
 
FanDuel Inc is a US company based in New York City, but with techie staff operating from Edinburgh, Scotland. The company has to date raised $18 million in venture capital and numbers companies like Pentech Ventures, Piton Capital, Bullpen Capital and Comcast Ventures among its investors.

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Gambling News :

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

SOUTH KOREANS BUSTED IN THAILAND ON ONLINE GAMBLING CHARGES - Those detained were named as Jeong Kyujin (35), Han Kyoreh (26), Choi Sung Ming (35) and Bae Jeonghwan (26), all of whom claimed that they had bene hired by a Korean man to operate online gambling sites.

China Lottery Sales Up in 2016 - The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).

New chairman and a new director for 500.com - Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.

Russian betting Sites to face rise in tax rates - Online bookies also pay a 1 percent commission on each transaction through the TSUPIS, and face levies at 5 percent of GGR to assist Russian sports federations.

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