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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 :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.

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