Category Archives: Bottom Featured

Derby Game Seeks to Give Away $1 million

By Frank Scandale @Fscandale @TheDailyPayoff

If you combine a little bit of skill with a paddock full of luck, you could be walking away with $1 million this weekend when the 141st running of the Kentucky Derby goes off.
At the very least, the creators and backers of this inaugural online event hope the casual horse racing fans become more attached to the sport as they try to grow the audience with a combination of betting and appreciation for the sport.
Walter Hessert, co-founder and chief product officer of DerbyGames, a social online horse racing game, said the odds are better to win if you pay even a little attention to the Kentucky Derby leading up to the race Saturday.
The goal is to pick each of the 20 horses in their exact order of finish to win the $1 million.

“The odds are long.  If you know nothing, a completely random entry is 1 in 20 factorial.  But, knowing just a little about the horses improves your odds a lot,” Hessert said.Those interested in participating in the Derby Million Dollar Challenge should go to www.derbymillion.com and rank the Derby horses in the correct order of finish to win the $1,000,000 grand prize.

Entry is free through Saturday, May 2 at 12 pm ET. Along with their rankings, contestants must provide their name, a valid email address and zip code. Contestants will be encouraged to share their entry with their friends using the hashtag #DerbyMillion and if the winner of the grand prize entered the sweepstakes through a friends referral link, then that friend wins $100,000 – so it “pays to share,’ Hessert said.

Hessert’s company partnered with America’s Best Racing, a multi-media fan development and awareness-building platform initiated by The Jockey Club,
in an effort to combine those with a love of the sport with those who enjoy wagering on the horses.
“It’s a fun way to digitally engage the audience for that Derby day,” he said. “Then we get to follow up with emails and develop more fans, which is the goal.”

ESL negotiating with Twitch for new exclusive league

ESL negotiating with Twitch for new exclusive league

The ESL [the eSports league] is negotiating a deal with Twitch, Vulcun, and top Counter-Strike: Global Offensive teams to establish a new CS:GO league independent of Valve. What’s particularly interesting (and potentially alarming) about the plan is that according to the Daily Dot, the new league would be exclusive, meaning that teams playing under its auspices would not be allowed to play anywhere else. The ESL, however, says it’s not seeking to prevent teams attending tournaments put on by other organizations.

The plan is being backed by Vulcun, which earlier this week announced that it had raised $12 million in new financing through investors including Sequoia Capital, Universal Music Group, Mark Pincus of Zynga, and other “angel investors.” Sources say the total value of the package offered by ESL and Vulcun runs around $18 million, a “hefty chunk of which” will be paid to teams in exchange for the exclusivity agreement. The deal will also reportedly see exclusive online broadcasting rights granted to Twitch.

The exclusivity angle was challenged by Managing Director of Pro Gaming Ulrich Schuzle, however, who tweeted a link to an ESL post on Reddit shortly after reports of the negotiations came out. “There is only one thing to say about this: ESL is not interested in locking out any tournament organizers from running CS:GO events, nor teams from attending them,” it states.

Full credit to PC Gamer – seen here http://www.pcgamer.com/esl-negotiating-with-twitch-for-new-exclusive-csgo-league/

MMA Looks Like It Will Get Its Decision In New York

MMA Looks Like It Will Get Its Decision In New York
Joe Favorito @JoeFav
The lone state holdout on Mixed Martial Arts in any form may soon finally be coming to an end after years of debate and millions of dollars spent by the UFC and other organizations lobbying for a decades old ban on the sport.


On Tuesday, The New York State Senate again passed legislation to approve MMA as a professional sport, something which had happened five times prior. The difference this time is that both Governor Andrew Cuomo and Assembly Speaker Carl Heastie appear to be in support of the bill, one which was fought tooth and nail by former Speaker Sheldon Silver, a fight which the now indicted politician won each time under previous administrations.



The reasons for Silver’s vehemence were widespread; they ranged from lobbyists of boxing working behind the scenes to keep the sport out of one of boxing’s most profitable states to his abhorrence with the violence of MMA (his brother is a prominent physician who has dealt with head trauma and has always been firmly against the brutality of MMA) to frankly, other more pressing issues in the State such as gay marriage and other causes that needed more attention. Still at this point with casinos in the State lobbying to bring in small events, while large venues like First Niagara Arena in Buffalo to Madison Square Garden and the Barclays Center in New York to the Carrier Dome in Syracuse all wanting to reap bigger gates and paydays that have gone to Connecticut, New Jersey and Pennsylvania, the time may have come for change.


Mixed Martial Arts in the non-professional sense has thrived in New York for years. There are scores of training centers throughout the state which house not just amateur but professional fighters. The Renzo Gracie Academy just two blocks from MSG has trained UFC star Georges St. Pierre as well as a host of Gracie jiu-jitsu fighters, but their buts usually have been through the Lincoln Tunnel at places like the IZOD Center or the Prudential Center or in Atlantic City. The only full-fledged MMA cards have been in unregulated underground gyms which have catered more to the unfettered violence lawmakers have railed against than the safer and more regulated state controlled events that legal MMA would bring and have brought to virtually every other state across the country.


This week the UFC even brought their latest star, Ronda Rousey to meet with Governor Cuomo and defend her sport. The final holdouts against the bill, which include state Senator Liz Krueger, worry about the sexism and open violence against women that legal MMA would bring to venues, even though the fights are seen in millions of homes across the country and around the world today.


“Having women shown fighting on TV shows that it’s OK for us to be strong,” she said in an interview with MMA Fighting. “It’s OK for us to fight. So much history is being made through MMA for women in sports. It’s a new sport so it’s not really bogged down in tradition the way that a lot of others are.”


The solution she says, is for those who find the fights offensive to simply not watch or buy tickets. Proponents see the legalization of MMA as a huge windfall to venues across the state. However that huge flow of dollars has not held true in many cases. Big fights bring big crowds, and the possibility of a UFC card on Broadway will garner the exposure the sport would love on occasion. However small shows do not regularly outdraw similar boxing events, and the rush to book events with lesser known fighters could backfire in some cases.  Regardless, in a free economy the opportunity to create and host events to fill distressed seats and dates in a controlled and sanctioned environment is a good thing for the sport of MMA and for the state of new York, which regardless of successful gates, will reap tax dollars and registration fees for events that are going elsewhere right now.


While MMA is known for its quick endings, this battle in Albany, New York has been a long and bloody one, one which it looks like will finally come to a decision and it will be a good one for a still fast-growing sport popular more with millennials than anyone else.  Controversial and entertaining to many MMA is, now with a potential new home not far from Madison Avenue

Daily fantasy pushes to continue growth streak

Daily fantasy pushes to continue growth streak

After more than 60 years in existence, fantasy sports has seen its foundation dramatically altered by a younger sibling.

The family newcomer — daily fantasy — is fun, popular and easy to get along with, and has quickly become a favorite child. But many wonder if the charm of youth will endure. So daily fantasy operators are acting aggressively to ensure that last year’s mainstream arrival was just the beginning.

Few business advancements have had as much effect on an industry as daily fantasy has over the past year, and the early signs of 2015 show no slowdown.

Boston-based DraftKings, one of two major daily fantasy game operators, is actively developing a Series D venture capital round that would exceed $100 million and value the company in the neighborhood of $1 billion, executives there said. A closing is expected sometime this spring.

New York-based FanDuel, DraftKings’ key rival, is said to be mulling a similar major fundraising move, industry sources said. This comes after both companies received significant funding rounds just last summer, worth a collective $111 million, that catapulted them into prominence.

Those prior funding rounds — $70 million for FanDuel and $41 million for Draft-Kings — nearly eclipsed the entire history of venture money in fantasy sports up to that point, and involved major entities such as New York investment bank The Raine Group and NBC Sports Ventures…..

Daily Fantasy sites have poured money into sponsor deals (like FanDuel’s deal with the Magic) and advertising spots.

 

 

 

 

Daily fantasy’s quick play and big payouts have drawn a desirable young demographic to the FanDuel (above) and DraftKings sites.

 

 

Full credit to Sports Business Journal and Eric Fisher

Americans will drop $9 billion betting on March Madness

Americans will drop $9 billion betting on March Madness

March Madness is kicking off, and from your office to the Oval Office, Americans are poised to bet more than ever before on the NCAA men’s basketball championship tournament.

The American Gambling Association, assisted by GfK Custom Research North America, estimates Americans will drop $9 billion betting on the games.

According to the AGA, on average participants will bet on two brackets each at a cost of an average $29 per bracket. Gamblers will wager $2 billion on bracket pools themselves, but many more will likely wager much more on individual games, which is how the American Gambling Association arrives at its $9 billion tally.

NCAA March Madness betting even outdraws the Super Bowl

The $9 billion to be bet on this year’s tournament amounts to more than double what gamblers bet on the Super Bowl, which was closer to $4 billion.

Read more: http://www.businessinsider.com/ncaa-tournament-gambling-projection-2015-3#ixzz3UUmyQrei

Machester United Launches Branded Casino Games

 

Machester United Launches Branded Casino Games

Manchester United and KamaGames have announced a global partnership and multi-year deal in which KamaGames becomes the official social games partner of the club.

A range of social casino games will be launched as part of the partnership, using United branding, including their logo and imagery.

KamaGames is a global developer and publisher of social games for mobile platforms, online, Steam, Xbox Live and PlayStation networks and claim to reach over 70 million users worldwide.

Richard Arnold, United group managing director, commented on the partnership: “Manchester United is lucky enough to have a huge global following and we understand the importance of engaging with and entertaining our fans.

“KamaGames and their innovative products will allow us to do this in new and exciting ways.”

KamaGames CEO, Danny Hammett, added: “KamaGames and Manchester United share a similar worldwide audience and, with this in mind, we are confident that the partnership will be a huge success for both organisations.

“We are proud and honoured to be associated with such a great team and iconic brand, and we look forward to building a strong relationship with the club and its fans.”

Seen originially at sportindustry.biz

Indiana Lawmaker Introduces Sports Betting and DFS Bills

An Indiana legislator, State Representative Alan Morrison (R-Terre-Haute), has introduced two bills for consideration. One would legalize sports betting and the other would legalize Daily Fantasy Sports in the state.

“Gaming is something that this state has become extremely reliant upon, that revenue,” Morrison told the local Indy Star. “As it’s been trending down, it’s incumbent upon us to figure out how to fix it or to improve on what we have.”

The expanded gaming options proposed by Morrison would certainly act as a lifeline for Indiana’s declining gaming industry. However, his proposals will have to compete with more traditional “fixes” that have been talked about, including adding table games to the state’s racinos and moving the riverboat casinos onto dry land.

Sharp revenue decline

Trends In The Casino Industry — A Shift From The Las Vegas Strip To East Asia

The gaming at Las Vegas Strip peaked in 2007 with revenues of $6.83 billion. However, the figure declined to $5.55 billion in 2009. This can be attributed to the economic recession and consequent fall in consumer discretionary spending. The casino industry at the Strip was worst hit by the economic slowdown and it has still been unable to reach the pre-recession levels. Gaming in the region started to rebound since 2010 and the revenues grew to $6.50 billion in 2013. While this has led to a steady revenue growth for casino operators such as Wynn Resorts, Las Vegas Sands and MGM Resorts, the industry is experiencing change. We wonder if the Strip can see any significant growth in the coming years as other states have legalized the casinos, providing gamblers with plenty of alternatives. On the other hand, Macau has seen a rapid growth in gaming over the past few years and we believe it will continue to drive growth for casino operators in the coming years. Also, Japan could offer a big opportunity for the casino operators to expand in East Asia. On that note, we discuss below these three markets from gaming prospective and how is Wynn is expanding its casino operations.

Slower Growth At The Las Vegas Strip Gaming Market

Las Vegas Sands has two propertieson the Strip, The Venetian Las Vegas and The Palazzo. The casinos have a combined gaming space of 225,000 square feet. The casino revenues from these properties have increased from $431 million in 2011 to $584 million in 2013. Wynn Resorts also operates two properties in the region, Wynn Las Vegas Resort and Encore. These properties have 230 table games and 1,854 slot machines in 184,000 square feet of gaming area. The company’s Las Vegas casino revenues have increased from $534 million in 2010 to $683 million in 2013.

Looking at MGM Resorts, it operates 15 owned resorts in the U.S. The company offers more than 22,000 slots and 1,000 gaming tables in the region (excluding the slots and tables in JVs). Like other casino operators, MGM has also seen similar growth over the past few years with revenues increasing from $2.48 billion in 2010 to $2.60 billion in 2013.
However, the growth rate at the Las Vegas Strip has been much lower than the world’s largest gambling hub, Macau, which has seen gaming revenues increasing from $24 billion in 2010 to $44 billion in 2014. Las Vegas Sands and MGM have also seen their Macau casino revenues double over the past few years.

There are various reasons why Las Vegas Strip witnessed a slow growth over the past few years. As disposable income declined during the economic crisis, it hit the Strip harder. Meanwhile, other states legalized casinos, which further weighed over the casinos in Nevada. For instance, Pennsylvania legalized table games like poker and blackjack at casinos in a move to generate higher revenues. Similarly, the Delaware senate also passed a bill to allow table games. This had an adverse effect on the number of tourists visiting Las Vegas for gaming activities and we believe this trend will continue in the coming years. Thus, it does not make much sense for these three casino operators to expand in Nevada and accordingly they are bidding to build casinos in other states.

In September 2014, Wynn won the bid to build a casino resort just outside Boston. The company will build a $1.6 billion resort, which is expected to open in late 2017. Massachusetts Gaming Commission picked Wynn over Mohegan Sun primarily due to better paying jobs and Wynn’s plan to clean up the former industrial land at the development site. This is the third gaming license issued by the MGC. Earlier, it approved MGM’s casino in Springfield, and a Penn National Gaming slots parlor near the Rhode Island border. Wynn plans to develop an integrated casino resort at the 37-acre site on the Mystic River. The resort will comprise of a 500 luxury-room hotel, 140,000 square feet of retail space, eight restaurants, a 12,000 square feet nightclub, a five star spa, 150 table games and 3,000 slot machines.

 

view source

The 12 Biggest Poker Stories of 2014: #12 Sportify Poker

Poker entrepreneur Alexandre Dreyfus debuted a number of new ideas and initiatives during 2014.

Dreyfus announced the formation of a professional poker league called the Global Poker League and a companion event dubbed the Global Poker Masters where teams of players compete for their country a la the Ryder Cup.

2014 Also saw the expansion of the long-running European Poker Awards, with the announcement of a second award banquet, the aptly named American Poker Awards. Both award ceremonies will be preceded by the inaugural Global Poker Conferences – another Dreyfus creation.

Dreyfus also unveiled a new news website called PokerToday.us and continued to increase the reach of the Global Poker Index, the Hendon Mob, and the company’s Fantasy Poker leagues.