Donald Trump Bets, DFS, eSports and July’s Gambling Industry Review
Another month has flown by in the gambling world, with a litany of stories showcasing the constantly changing landscape.
Whether it be rules, regulations, new technology, politics or sports, there seems to always be something going on in the gambling and casino industry that is worth looking into.
To recap a busy July, let’s look back and see the top stories that grabbed our attention the most:
Alibaba Invests in eSports
With eSports interest growing at a rapid rate, China’s largest e-commerce company has taken notice. They’ve also decided to act, per CalvinAyre.com.
Alibaba Group Holdings Ltd. has officially connected itself to the eSports world by placing a $150 million investment in the International eSports Federation.
Per the report, Alibaba shared a similar vision of the future with IeSF, with one collective idea being the production of an open eSports tournament that would allow both eSports professionals and amateurs alike to participate.
The expectation is to fuel continued growth in the budding industry, with the hope for over 100 countries to produce participants in future eSports events.
Rounders Sequel Coming?
It’s common knowledge (or opinion?) that Rounders is the best poker movie ever made. Heck, it might be the best gambling movie ever made.
It might be getting even better, however, with whispers suggesting a sequel could be in the works. Rounders star Matt Damon suggested as much in a recent interview, while a Rounders 2 conversation has been brewing ever since the movie came about back in 1998.
Like any sequel, the tough part would be to come up with a story worth telling, plus we’d have to be able to believe whatever characters they bring back fit into the story and are still cohesive. That could mean keeping some big iconic characters away from a sequel – if it’s goal is to remain pure in any way, of course.
Suffice to say, it’s highly debatable if Rounders requires a sequel. Still, even if it came out and was a flop, there is no touching what Damon and co. did almost 20 years ago.
FanDuel Stretches to UK
FanDuel hasn’t stopped moving forward, even with constant legal issues in numerous states. The elite daily fantasy sports company has pressed on, officially expanding into the United Kingdom with a launch date coming in August.
Originally founded in the U.K. in 2009, the return made sense for the company, as it also continues to attempt to grow on a global level.
Per multiple reports, FanDuel already has it’s U.K. license and has a deal with sports data provider Opta in place. The company also figures to cater to it’s future United Kingdom customers, as they will offer pounds for betting currency, rather than the staple U.S. dollar.
Oulala Going to Australia, India
European DFS operator Oulala is branching out, as well, with it’s focus stemming to Australia and India, per Gambling Insider.
Already a ground-breaking entity in the daily fantasy sports scene in Europe, Oulala is seeking to be the leading soccer (futbol) product for daily fantasy gamers at an international level.
Oulala will have serious competition once it attempts to head to the United States, but for now has a good star overseas. Their growth specifically includes a real-money platform in Australia and India, but CEO Valery Bollier recently stated the company will be looking to offer their services in “other nearby countries”.
Delaware Puts Squeeze on DFS
Delaware has put a freeze on daily fantasy sports in the state, telling the leading DFS operators to cease real-money contests until the state offers a concrete stance on the sports betting genre.
Per CalvinAyre.com, the state sent letters to DraftKings, FanDuel and Yahoo to let the leading DFS companies that their games were “not permitted under Delaware law”.
The Delaware Department of Justice had initially notified state regulators that DFS real-money games were illegal under state law due to being games of “chance”.
Delaware has allowed state citizens to continue accessing and playing the sites for free entries only. It is unknown when the state will take another look at daily fantasy sports and/or change it’s stance.
Frida Gustaffson Joins Yggdrasil
Casino game supplier Yggdrasil has headed in a new direction up top, with Frida Gustafsson recently being named the company’s new CFO.
With Yggdrasil Gaming seeing expontential growth over the last several months, the company elected to bring in Gustafsson to help direct things going forward.
Gustafsson comes from NetEnt and looks to bring six years of experience in dealing with finance and international account management to the table.
Trump Bets to Hit Bookies
Donald Trump wasn’t ever really supposed to get this far, but with long odds came active betting in his favor. With the Republican candidate not only in place but seemingly having a realistic shot of beating out Democratic nominee Hillary Clinton, bookmakers are starting to get nervous.
Bookies are so nervous, in fact, that Donald Trump’s odds have been cut down to help avoid any more potential loss.
As it stands, bookies already could end up facing the worst loss in politics betting – ever. Clinton is still the favorite and will likely become the next President of the United States, but if she doesn’t, Trump could hit more than just the country – he could hit the books hard.
Pennsylvania Going Online?
Online gambling could be coming to Pennsylvania this fall. Maybe.
Per reports, a proposed online gambling bill for the state was prepared to be decided on, along with the state’s revenue plan, but the decision on the former has been pushed back.
Pennsylvania Governor Tom Wolf had already signed off on the new bill, which was drawn up by lawmakers to approve both online gambling and daily fantasy sports.
While nothing is guaranteed whenever the bill is picked back up in the fall, things are at least trending in the right direction. Should Pennsylvania approve the bill, the state would become the fourth among the 50 United States to approve such a bill and make online gambling legal.
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