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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.
Gambling News :
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.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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