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Pinnacle Sports says virtual e-gambling is the company's fastest growing business

Thursday January 1,2015 : VIRTUAL SPORTS GAINING INCREASED TRACTION
 
Pinnacle Sports says virtual e-gambling is the company's fastest growing business.
 
The ability to watch, play and bet online on virtual sports - including battle arena-oriented popular virtual offerings like League of Legends and Dota 2 - has resulted in fast growth for online sports betting companies that have embraced the vertical, reports NBC.
 
Improvements in sound effect, graphics and animation technology have made possible absorbing online competitions set in huge, meticulously rendered backdrops like stadiums holding thousands of virtual spectators, increasing player engagement...and gambling.
 
Phil Hudson of Pinnacle Sports told NBC: “E-sports is definitely our fastest area of growth. It’s quite big in Asia and Eastern Europe, but e-sports is really a phenomenon across the world.”
 
Whilst at present not nearly as popular as soccer or American football, e-sports have attracted more than 350,000 bets on Pinnacle’s website this year, making it the company’s eighth most popular sport.
 
Since 2011, when Pinnacle began accepting bets on e-sports, the volume of trades placed on video game matches has doubled every year, Hudson revealed. Consequently, the company has hired a team of eight e-sports traders responsible for setting lines and wagers.
 
Datbet and E-Sport Bets also take bets from all over the world — although most avoid the USA with its tough laws against sports betting in all but four states.
 
NBC reports that the stakes are relatively small in e-sports - the five-player team that won the 2014 “League of Legends” championship took home $1 million in prize money; considerably less than soccer superstar Ronaldo gets paid in a single game.
 
But even virtual sports attract corruption, the broadcaster notes. In March, “League of Legends” player Cheon “Promise” Min-Ki reportedly attempted suicide after being implicated in a match-fixing scandal, and in 2010, the BBC confirmed that complaints of match-fixing in “StarCraft II” had been reported to Seoul police.
 
Online gambling law expert I. Nelson Rose of the Whittier Law School, told NBC that corruption such as match fixing could slow the development of e-sports if it was not contained.
 
The vertical has spawned the Electronic Sports League (ESL) which runs competitions across the globe in “League of Legends,” “StarCraft II,” and “Counter-Strike”.
 
Spokesperson Anna Rozwandowicz commented: “We do not allow betting on games of a league the betting player is taking part in, and betting against yourself or your own team leads inevitably to disqualification.”
 
She said that the ESL is “...striving to make this a rule in all leagues not only run by us, but to make it an industry standard.”
 
Nelson Rose said that monitoring and enforcement has largely been left to the leagues themselves, acting in the best interests of companies and players.
 
“It’s almost 100 percent on the leagues,” he said. “It’s almost impossible for states, and even hard for the federal government, to enforce gambling laws outside of the United States.”
 
The NBC reports that so popular has e-sports become that talented gamers are now privy to college scholarships, die-hard fans, and even U.S. visas that only athletes like basketball and hockey players had access to before.



Gambling News :

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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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