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Mark Cuban Predicts Online Gambling is the Future

Tuesday January 5,2016 : N.B.A. OWNER PREDICTS A MORE LIBERAL APPROACH TO U.S. GAMBLING IS 'INEVITABLE'.
 
Mark Cuban is investing in VR and eSports.
 
Mark Cuban, shrewd multi-billionaire investor and owner of the NBA's Dallas Mavericks franchise, offered some interesting predictions in an exclusive interview with Fortune this week, revealing that he is an eSports fan, believes the legalisation of gambling in the United States is inevitable, and has invested in virtual reality.
 
His investments in these fields include virtual reality firm Virtuix Omni, mixed reality company Magic Leap, and eSports up-and-coming corporate Unikrn over the past few years.
 
Whilst he has faith in the future of VR, Cuban opined that 360-degree livestream video will have relatively little impact on NBA competitions over the next two years, pointing out that the advanced cameras needed have some way to go in terms of development before they meet the front row experience expectations of the public.
 
Talking about his interest in eSports company Unikrn, Cuban observed that the genre is delivering explosive growth and that gambling is possible in over a hundred countries, making for a sound investment. The billionaire has actually competed in eSports charity contests on League of Legends and says it is great fun.
 
Fortune asked for his view on eSports overtaking the NFL in terms of fans, given that current analyst predictions are that there will be 335 million eSports fans, mainly in the young demographic, globally active by 2017.
 
"I think the NBA will work with our partners to extend our games into the eSports world," Cuban said. "There is a lot of room for us to grow there."
 
He added that fantasy sports has made watching NBA games more exciting and fun for many people, and expressed the hope that "....the stupidity and hypocrisy in a few (US) states will be cleared up in the courts shortly."
 
Asked for his perspective on the current fantasy sports situation in the United States, and the legalisation of sports betting in general, Cuban said that sports betting legalisation was inevitable
 
"It will take some time for the courts to overcome the grandstanding by a few district attorneys, but once that happens I think we will see a slow but sure availability of gambling across the country," he opined.
 
"The bottom line is that it will create needed tax revenue that states will want."
 
http://fortune.com/2016/01/04/mark-cuban-interview/

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in operation....in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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