Mark Cuban is investing in a company that caters to your fantasy that is daily market, a great indication for players who regularly participate in the contests.

Billionaire entrepreneur Mark Cuban may be the owner that is outspoken of NBA’s Dallas Mavericks and renowned for appearing on ABC’s ‘Shark Tank.’ The tycoon made their fortune by being in front of the tech curve, and today Cuban’s focusing their attention on another burgeoning industry: daily dream sports (DFS).

Fantasy laboratories, a platform of proprietary analytical data and tools that players can used to increase their DFS performance, announced this week that Cuban has made an undisclosed investment in the company.

‘We attracted a significant quantity of interest from outside investors,’ Fantasy laboratories said in a statement. ‘We identified Mark as the ‘dream investor’ … Bringing on Mark is a move that is strategic we couldn’t avoid.’

Cuban expressed their excitement in joining the company because well. ‘The explosive growth of fantasy recreations, and new categories to its involvement of competition like eSports, advances the need for high-end resources like the platform offered by Fantasy Labs,’ Cuban said.

Bullish Maverick

Cuban’s interest in DFS comes at a notably surprising time, taking into consideration the coast-to-coast legal battles day-to-day fantasy operators are engaged in.

From New York to Ca, the discussion to determine whether DFS constitutes skill vs. luck-based games has proponents and antagonists vociferously voicing opinions on both sides of this debate.

New York Attorney General Eric Schneiderman recently ordered DraftKings and FanDuel to cease wagers that are accepting hawaii’s residents.

The Empire State AG is additionally attempting to fine the operators up to $5,000 per instance for previous entry buy ins, a potential total of $3 billion should all of the 600,000 ny cases receive the full penalty.

That could likely lead both DFS platforms into bankruptcy.

Fantasy laboratories is of interest to investors, them a way to enter the market without actually offering daily fantasy contests as it gives.

Fantasy laboratories is a tool that is third-party gives users added research and leverage in selecting their rosters on DFS websites.

Regardless, Cuban thinks Schneiderman and one other handful of states attempting to punish the budding market need certainly to rethink their ways.

‘It (daily fantasy sports) has made viewing our games on TV more pleasurable,’ the NBA owner said recently. ‘Hopefully, the stupidity and hypocrisy in a states that are few be cleared up in the courts shortly.’

Nationwide Gambling

During an interview this week with Fortune magazine, Cuban said he believes gambling will be legalized around the world in the coming years and that online gambling might lead the way.

‘It’s inevitable. It’ll take the time for the courts to conquer the grandstanding by a few region attorneys, but as soon as that occurs I do believe we will see a slow but yes availability of gambling across the nation,’ Cuban stated, jabbing Schneiderman right where it hurts.

Cuban has been snagging up gaming and entertainment businesses recently. casino bonus codes club player casino He’s a part-owner of Virtuix Omni and Magic Leap, two organizations making progress in the virtual and mixed reality markets, since well as Unikrn, a platform just like DFS, but geared towards eSports.

Like most capitalist that is smart Cuban invests only in companies and markets he believes sit for growth. Despite the ongoing legal saga surrounding DFS, Cuban’s interest is undoubtedly a good indication for the controversial industry.

Las Vegas Casino Revenues Up for Fifth Year in a Row

The crowds are back in vegas once the town records its fifth revenue that is yearly for 2015. (Image: travelblog.viator.com)

Las Las Vegas has staged many a celebrity revival now it is staging one of a unique. The city that was once dubbed ‘ground zero of this globe economic crisis,’ because the downturn of 2008 crashed its property market and ravaged its casino industry, continued its bounce back throughout 2015.

This week the Nevada Gaming Control Board reported the city’s 5th year that is consecutive increases as a whole casino revenue.

The state’s major casinos reported a 2.9 % boost in profits over 2014, at $24.6 billion, although this continues to be 2.6 percent lower compared to 2007 pre-recession record high that is all-time.

The figures illustrate the shift away from reliance purely on video gaming, which made up just 43.2 percent of the haul that is total the industry’s lowest-ever percentage.

A recent LVCVA study suggested fewer people are coming to Vegas purely to gamble, or even to wager money at all while the Las Vegas Convention and Visitors Authority (LVCVA) recorded an all-time record for visitor numbers last year.

Only 12 percent of this 41 million Vegas visitors in 2014 came primarily to gamble, based on the research, although 71 percent put at the least one bet during their stay.

Changing Market

Instead, the multitudes are coming for the non-gaming amenities: the restaurants, the nightclubs and pool parties, the shopping, and perhaps even for the daring feats such as for example the Stratosphere’s bungee jump from 829 legs. Gambling, it appears, is indeed final century.

‘It’s a sign of the changing market,’ David Schwartz, director associated with the University of Nevada, Las Vegas, Center for Gaming Research, told NevadaAppeal.com this week. ‘Food is growing and gaming as a percentage is shrinking. The things I’m hearing from people is they spend more on entertainment and food than gambling. This is exactly what the visitors seem to want.’

And when all of the accounting was done, Nevada’s casinos still showed a loss that is net of $661.8 million for the 12 months, although this figure was down 11 percent compared to the previous 12 months.

It’s nearly as if the loss leaders are now completely reversed, with gaming being the shill for all the other money-making stuff that now lures visitors to Sin City, rather than the other way around.

Caesars Spoils the Party

Much of this loss can be attributed to Caesars and the interest paid on its billions of dollars of debt, and to the writing out of assets as part of its bankruptcy proceedings.

Caesars’ predicament aside, the feeling is positive. The industry’s losses have been narrowing every and analysts are optimistic that gaming may well find itself in the black again by the end of 2016, a year that is expected to break visitor records once again year.

Meanwhile, the off-Strip casinos are going from strength to strength. Downtown was hit specially hard by the downturn that is economic.

As the big Strip hotels slashed their prices as a a reaction to the recession, downtown casinos were forced to go even low in order to fill rooms at any cost.

But now, in a happier climate that is financial the Strip prices are up as well as the casinos of Fremont Street have reasserted themselves as the budget alternative Las Vegas experience.

Dutch Online Gambling Reforms Get Sudden Tax Migraine

Dutch Parliament within The Hague, where amendments were suggested to the Remote Gambling Act that may doom the entire process to failure. (Image: euro-islam.info)

Holland’s gambling reforms, which aim to modernize the Dutch on line and land-based video gaming markets, have been slow-moving, to state minimal.

Drawn up in 2013 to overhaul the nation’s 50-year-old existing laws, they were at first anticipated to be rubber-stamped in late 2014, but the Dutch Remote Gambling Act is still being debated by committee in the Lower House, with no end in sight.

It’s a shame, because foreign operators are lining up to be part of what is actually a online that is huge gambling, or at least these were.

The latest fly in the ointment is the fact that the 2 ruling coalition parties seemed this week to have suddenly and unexpectedly flip-flopped on the 20 percent tax rate for online gambling companies. Instead, they propose a blanket 29 percent price for both on the web and land-based operators.

Online Gaming Searching Grim

It had been enough to make leading gaming that is dutch tear their hair down. One Netherlands that is such gaming, Justin Franssen of Kalff Katz & Franssen, told eGaming Review that there was now a ‘real likelihood’ that the Dutch online video gaming market would fail.

‘Operators have learned their lessons in other jurisdictions and we think interest in the market will decrease if and seriously when these motions pass parliament,’ he said.

Because probably the one overriding goal for the remote gaming bill was to channel Holland’s many enthusiastic online gamblers away from the overseas markets in order to better protect consumers.

Since the united states currently doesn’t have licensed online gambling sites whatsoever, it would be fair to express that 100 percent of Dutch on line gamblers engage with these areas, which can add up to a calculated 1.5 million adults.

The goal regarding the bill ended up being to achieve a ‘channelization rate’ of 80 % away from the offshore market and toward the brand new licensed operators.

European Commission Supports Differentiation

A income tax price of 20 percent was deemed become a realistic means of attaining these ambitions. Overtaxing operators prevents them from competing effortlessly with their counterparts that are unlicensed which means the players only will go where this product is more desirable.

It would appear that the politicians could be bowing to pressure from litigation launched last year by land-based gaming association Euromat, which complained to the EC that the tax differentiation for land-based and online gaming companies in Holland violated EU legislation.

Except it does not. The EC formally accepts that differentiation as appropriate, and is happy to keep it up to specific user states to choose, as was reaffirmed in 2014 by a land-based litigants situation contrary to the licensing regime that is danish.

At worst, the brand new proposal will help to determine another failed European online gambling market. At most useful, it will down be shot, and will delay the process yet further.

Research by Holland Casino recently suggested that previous projections may have underestimated the scale for the Dutch online gambling market and that it might be worth over €1b ($1.1 billion) each year.