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Daily Fantasy Sports next big wave in gambling
Friday May 29,2015 : ACTIVIST INVESTOR PUNTS DAILY FANTASY SPORTS AS THE NEXT BIG WAVE
Ader bullish on the possibilities for DFS.
Jason Ader, the activist investor and founder of SpringOwl Asset Management who has done more than most to shake up the directorates of major online gambling companies like IGT and Bwin.Party believes daily fantasy sports is the next big wave in gambling.
Giving his views on the CNBC television show "Fast Money" this week, Ader went so far as to opine that DFS has the potential to become the most popular way for Americans to gamble in the future.
"The business has the potential to be as big as Macau over time," he said, pointing out that the millennial demographic in general dislikes the traditional gambling experience, instead preferring the online and mobile interactive excitement provided by DFS operators such as market leaders DraftKings and FanDuel.
This group is also spending more freely on ancillary entertainment such as dining, shows and clubbing, than they spend on casino games, he said.
Commenting on the dramatic slowdown in the Macau gaming market, Ader said that governments come and go, and policies wax and wane. And, he pointed out, Macau remained the only gambling haven right next to a billion Chinese gamblers. For this reason he remains optimistic about longer term prospects for Macau gaming companies, although the industry would first have to survive and work its way through a difficult near-term period.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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