No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Fantasy Aces Daily Fantasy Sports Corporation
Wednesday May 4,2016 : GOOD YEAR SO FAR FOR FANTASY ACES
Despite a difficult operating environment in the States, this operator is making progress...but the deficit last year is a concern.
The small California-based DFS operator Fantasy Aces Daily Fantasy Sports Corporation has issued a corporate update claiming that despite the difficult business environment in the United States it made progress in 2015, with the first four months of 2016 carrying on the upward trend.
Between the beginning of January and the end of April, the company claims that:
Total Deposits rose 100 percent year-on-year to $1.14 million;
Game Entries are up 80 percent to 617,000;
Revenue has grown 164 percent to $523,000 and
Prize Payouts are up 220 percent $5,056,000.
The player base has risen to 32,000.
However; the company reported a sizeable operating deficit in 2015 due to a dramatically increased size of the guaranteed prize pools (GPP) contests starting in September 2015 which the company introduced to increase revenue and attract new users.
Concurrent with these higher prize offerings was the deteriorating industry regulatory situation which measurably lowered the user participation expected for these contests as a result of player anxiety.
This was a significant cost in 2015, as Fantasy Aces averaged overlay in excess of 100 percent on its NFL tournaments. Fantasy Aces has made significant changes to its contest creation and management in 2016, and as a result of those changes it has lowered the average overlay percentage in April 2016 to less than 30 percent.
Like other DFS operators, Fantasy Aces suffered a decrease in player intensity due to the adverse regulatory situation that developed across US states late 2015, which impacted both GPP and non-GPP cash tournaments. This initial fall-off of players has largely reversed in 2016, the operator claims.
The improvement has been such that Fantasy Aces claims it has overtaken Yahoo as the third largest DFS site when it comes to daily user tournament participation numbers.
Fantasy Aces CEO Tom Frisina said in a statement this week: "The industry has been demonstrably impacted by the U.S regulatory mood since last fall. Since then, we have witnessed an expected and impressive evolution in the process to adopt laws state by state to fully legalize DFS and to date in 2016 five states have adopted full regulation. We anticipate that the process will continue to advance even more rapidly on many fronts as a result of these initial adoptions."
Frisina notes that independent researcher Eilers has lowered its previous 2020 industry tournament prize payouts projection from $25 billion to $15-$18 billion, resulting in industry gross revenues if achieved in the $1.5 billion to $2 billion USD range for 2020.
"What that means for the DFS industry and Fantasy Aces in particular, is the Corporation's 2016 gross revenues will grow impressively moving forward to the revised industry 2020 projection in spite of the lower forecast.
The company estimates that it will award close to $2MM USD in Tournament Prize Payouts in April 2016, a 125 percent increase compared to April 2015 performance, and approximately the same percentage increases are expected in Game Entries (240,000 entries), Deposits and Gross Revenue.
Among its plans for the immediate future is the launch of the Apple iOS App; efforts to capture a major strategic investor; and exploration of a potential full US market listing.
The company reports that the popularity of DFS in Europe has resulted in multiple inquiries from major European casino and sports entities for Fantasy Aces to consider partnering opportunities ranging from white box label technology licensing to strategic arrangements. Fantasy Aces expects to launch European Football (Soccer) and one additional sport to increase its current six sports lineup by another two during 2016.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
Global Poker League Championship Results -
#gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.
Yahoo DFS Gets Uk License -
#yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.
SPANISH GAMBLING MARKET CONTINUES TO GROW -
Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.
Novomatic Acquires Albanian National Lottery -
#Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.
2016 Massachusetts Gaming Commission Report -
Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.
Jack Lam denies bribe allegations -
Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.
Fonbet Gets Russian Betting License -
#Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
New Attempts to Restore the Wire act -
In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.