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Mark Cuban invests in Fantasy Labs Inc
Friday, January 8, 2016 : N.B.A. FRANCHISE OWNER INVESTS IN FANTASY SPORTS FIRM
Mark Cuban's latest move in fantasy and e-sports.
Multi-billionaire US entrepreneur and Dallas Mavericks owner, Mark Cuban continued this week to show an interest in the daily fantasy and e-sports sector, investing for an undisclosed stake in Fantasy Labs Inc., a daily fantasy sports company focused on proprietary DFS data, tools, and analytics.
Confirming his interest, Cuban commented to Business Insider:
"The explosive growth of fantasy sports, and its involvement with new categories of competition like eSports, increase the need for high-end resources like the platform offered by Fantasy Labs. I'm excited to be involved with a company that is working to advance an industry that is poised for huge growth."
Founded last year by two professional DFS players, Peter Jennings and Jonathan Bales, Fantasy Labs allows players to leverage its 'massive database of stats and information' to create their own models, design specific player trends, and build winning DFS line-ups.
Business Insider reports that Jennings is a two-time DFS world champion and the winner of DraftKings' first $1 million fantasy baseball tournament, and that Bales has won hundreds of thousands of dollars playing DFS, and has written for the New York Times. Both are DraftKings Analysts.
In a company statement Thursday, Bales said:
"Mr. Cuban's belief in the future of daily fantasy sports, and its ability to positively enhance the viewing experience for fans, make this an ideal partnership for Fantasy Labs. This new funding will allow us to enhance our product offerings to create the best possible experience for our customers and the rapidly growing population of fantasy sports players."
Nearly 57 million people played fantasy sports in the United States and Canada in 2015, according to industry demographics from the Fantasy Sports Trade Association (FSTA).
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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