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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."
GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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