" Delaware became the first state Thursday to launch what officials call a full suite of Internet gambling, an effort the governor and casino operators hope will revive revenues from an industry hit hard because of competition from border states." -USA Today
http://www.usatoday.com/story/money/business/2013/10/31/delaware-online-gambling-begins/3327023/
And 'experts' thought it would never happen... Again, as we suspected, online gaming regulations developing here in the states is becoming more of a reality each and every week. Delaware has taken a huge step and is showing other states how to break down the barriers by setting up its own online gaming commission that will regulate the industry for the state.
On the same note, New Jersey is right on the heels of Delaware; the Garden State is set to do the same starting November 26th.
What a month!
When it comes to tapping into new revenue streams for the state, not many states want to be one to miss out. We believe that as Nevada, Delaware, and New Jersey prove that the model can work here in the states, other states will jump on the bandwagon (over time).
“It's gonna happen no matter what. The Internet is part of everyday life. ... You are either going to get on the train or be left behind.” — Ed Sutor, Dover Downs Hotel and Casino
We are excited about the progress.
Until next time,
The Wager Wars Team
Wager Wars
Friday, November 1, 2013
Thursday, September 5, 2013
Wager Wars Update
Just a quick update from the Wager Wars camp.
We have finally finished our PPM (Private Placement Memorandum) and are now in the process of distributing it to investors! It has been quite a process getting to this point and demanded a lot of hard work, but we love it that way. We are working as hard as we can to deliver the best platform possible to all of you bettors out there around the world ;)
"Stay hungry. Stay foolish." - Steve Jobs
http://ventureongroup.blogspot.com/2013/07/stay-hungry-stay-foolish.html
We are doing just that. We are more hungry than ever to build something great. We are remaining "foolish" enough to pursue a brand new category of online gaming. We are crazy enough to truly believe that we can disrupt a multibillion dollar industry. After all, the people who are crazy enough to think they can change the world are the ones who do.
Onward,
The Wager Wars Team
We have finally finished our PPM (Private Placement Memorandum) and are now in the process of distributing it to investors! It has been quite a process getting to this point and demanded a lot of hard work, but we love it that way. We are working as hard as we can to deliver the best platform possible to all of you bettors out there around the world ;)
"Stay hungry. Stay foolish." - Steve Jobs
http://ventureongroup.blogspot.com/2013/07/stay-hungry-stay-foolish.html
We are doing just that. We are more hungry than ever to build something great. We are remaining "foolish" enough to pursue a brand new category of online gaming. We are crazy enough to truly believe that we can disrupt a multibillion dollar industry. After all, the people who are crazy enough to think they can change the world are the ones who do.
Onward,
The Wager Wars Team
Thursday, August 22, 2013
World Cup Triggers Sports Wagering Talk in Brazil
Just as we get the news out on Mississippi looking to open up online gaming, the sleeping giant of sports wagering (South America) stirred in her sleep. With all of the World Cup events that will be coming up, it has led to the discussion of legalizing sports gambling in Brazil, the host of the international games. Now, it is probably a little early to tell you we told you so, but...
Unregulated online gaming is a huge market down in South America and with the anticipated increase in sports betting with the upcoming World Cup in 2014 and the Olympics in 2016, officials know that in order to better prevent fraud, money laundering, and match fixing, they seriously need to consider regulating and legalizing sports betting. This will allow officials to monitor the process instead of keeping it underground and in the dark where some shady things can happen. Plus, they will clearly benefit from it in the form of increased tax revenue and more jobs.
Anyways, more and more states and countries are regulating the past-time of sports betting and online gaming altogether, just as we have been predicting. We are truly on to something and are heading down the path to funding as fast as we can so that we can be in prime position to take advantage of these regulatory changes. We have a better product than what is currently out there. We just need to find the right financial partner(s).
Until next time.
The Wager Wars Team
Throwdown@WagerWars.co
Source: http://calvinayre.com/2013/08/22/sports/world-cup-and-olympic-games-trigger-debate-on-sports-regulation/
Until next time.
The Wager Wars Team
Throwdown@WagerWars.co
Source: http://calvinayre.com/2013/08/22/sports/world-cup-and-olympic-games-trigger-debate-on-sports-regulation/
Wednesday, August 21, 2013
U.S. Online Gaming Developments - Mississippi
"JACKSON, MISS. — Gambling revenue has fallen $550,000 since 2007 for casinos in Mississippi — from $2.8 billion to $2.25 billion.
Mississippi once was the nation's third-largest gambling market, but has lost standing in the last few years, The Clarion-Ledger reported."
Officials are blaming an increase in competition stating that casinos are popping up everywhere around them, thus taking a lot of their business elsewhere. These new locations are winning business due to the convenience of proximity to larger markets such as Dallas, Tx (new Oklahoma & Louisiana casinos on the border) . This very well may be the case. Land based casinos are extremely limited in terms of reach; they are brick-and-mortar, fixed locations and are subject to geographical barriers. This has led to a $54.4 million decrease in tax revenue for the state. That is exactly why State Rep. Bobby Moak said that "the best bet is online gaming, currently illegal in Mississippi". He will be rolling up his sleeves and going to work to get it legalized so that the state can "tap into [that market],".
As we have said over and over again, the opportunity size of increasing revenue for the states as well as providing more jobs is far too great for states to ignore. Mississippi is the next duck in the row; more will follow.
The Wager Wars Team
Source: http://www.heraldonline.com/2013/08/04/5083873/mississippi-casinos-upping-the.html
Mississippi once was the nation's third-largest gambling market, but has lost standing in the last few years, The Clarion-Ledger reported."
Officials are blaming an increase in competition stating that casinos are popping up everywhere around them, thus taking a lot of their business elsewhere. These new locations are winning business due to the convenience of proximity to larger markets such as Dallas, Tx (new Oklahoma & Louisiana casinos on the border) . This very well may be the case. Land based casinos are extremely limited in terms of reach; they are brick-and-mortar, fixed locations and are subject to geographical barriers. This has led to a $54.4 million decrease in tax revenue for the state. That is exactly why State Rep. Bobby Moak said that "the best bet is online gaming, currently illegal in Mississippi". He will be rolling up his sleeves and going to work to get it legalized so that the state can "tap into [that market],".
As we have said over and over again, the opportunity size of increasing revenue for the states as well as providing more jobs is far too great for states to ignore. Mississippi is the next duck in the row; more will follow.
The Wager Wars Team
Source: http://www.heraldonline.com/2013/08/04/5083873/mississippi-casinos-upping-the.html
Thursday, August 8, 2013
U.S. Online Gaming Developments - 888.com
"888 has announced plans to offer a standalone online gaming product in New Jersey. This is in addition to the branded Caesars product it’s offering in that same market.
So far, AAPN has been very busy as the 888-front is prepping a site for Treasure Island that should launch by the end of the month. 888 has breezed through licensing hearings in Nevada which bodes well for their chances of finding success in the other American markets.
All this news has been great for 888 investors who’ve seen the company’s stock price double over the last year." -Online Casino News
Well what do ya know. Once again, our hunches are spot on! Operators in the online gaming space are making moves here in the U.S. and are "breezing through licensing hearings". It makes too much sense for the states NOT to take advantage of this market.
We are excited for what the future will bring and know what value we can bring to the mix.
Good things. Good things.
More to come!
- The Wager Wars team
So far, AAPN has been very busy as the 888-front is prepping a site for Treasure Island that should launch by the end of the month. 888 has breezed through licensing hearings in Nevada which bodes well for their chances of finding success in the other American markets.
All this news has been great for 888 investors who’ve seen the company’s stock price double over the last year." -Online Casino News
Well what do ya know. Once again, our hunches are spot on! Operators in the online gaming space are making moves here in the U.S. and are "breezing through licensing hearings". It makes too much sense for the states NOT to take advantage of this market.
We are excited for what the future will bring and know what value we can bring to the mix.
Good things. Good things.
More to come!
- The Wager Wars team
Monday, August 5, 2013
Bermuda Triangle of Sports
As we all know, all of the different sports around the world have seasons, and when there is not an overlap in seasons between sports, there is a dead spot. Every year around this time, sports fans feel like they are on a sailboat in the middle of the Bermuda Triangle without any wind. They are in the midst of a sports doldrum.
This obviously also effects the sports wagering industry (negatively). Without many games or sports from which to choose, there is not much "action" going on. For example, in October, we will have MLB playoffs, NFL football, and NCAA football all going on with NBA/NCAA basketball is a week or two away. So much to choose from, so much excitement. It's a grand ol' time. However, July/August, most sports are in offseason/preseason and all we really have is MLB baseball (nothing wrong with that, just not as high octane in general as we sports fans/wagerers like).
We here at Wager Wars are working on several different options to help fill in these gaps of time! What do we mean exactly? Well, we can't exactly tell you yet, but just know that we've got your back sports fans. We're on it.
Some updates on our fundraising progress to come in the next few days! https://angel.co/wager-wars
This obviously also effects the sports wagering industry (negatively). Without many games or sports from which to choose, there is not much "action" going on. For example, in October, we will have MLB playoffs, NFL football, and NCAA football all going on with NBA/NCAA basketball is a week or two away. So much to choose from, so much excitement. It's a grand ol' time. However, July/August, most sports are in offseason/preseason and all we really have is MLB baseball (nothing wrong with that, just not as high octane in general as we sports fans/wagerers like).
We here at Wager Wars are working on several different options to help fill in these gaps of time! What do we mean exactly? Well, we can't exactly tell you yet, but just know that we've got your back sports fans. We're on it.
Some updates on our fundraising progress to come in the next few days! https://angel.co/wager-wars
Monday, July 29, 2013
Zynga & the U.S. Online Gaming Market
Big news in the social gaming space: Zynga has decided not to pursue obtaining an online gaming license here in the U.S.
Now, there are several reactions that people have had as a result of this announcement from Zynga's corner. Some reactions that we have been reading is the thought that the U.S. is not going to be a viable online gaming option in the future. WRONG!
Here are a few reasons (we strongly believe) Zynga is choosing to forgo the U.S. route (for now) and how it relates to us:
1) They have a new CEO. Mark Pinkus (Founder & previous CEO) started pursuing growth strategies outside of Zynga's core competencies. The new CEO, Don Mattrick, wants a majority of the focus to be to get back to their core and do what they do best: casual social games. That's what made them successful in the first place. Time to revisit the basics of what made the company great. (This is a big indication why the giants of the industry cannot and will not just be able to flip a switch and knock companies like us out of the picture as easily as people may think.)
2) They are a publicly traded company. Their numbers have been horrendous, and Mattrick wants to instill the common rebound method of improving operations by returning to their core. #1 goal is regaining the confidence of their investors so they are pulling back some of the plays that are riskiest right now. It's simply the fact that the U.S. online gaming market is a long term play and Zynga can't bank on that kind of play to appease shareholders now.
3) It shows that the U.S. is not yet "there", but the fact that they were considering moving a lot of their resources on the U.S. online gaming market proves that we are moving this way as a nation. Zynga also stated that they are still going to be testing out their real gaming platform in the European market = we are again, on the right track in terms of priorities and launch plans.
We're excited that the market is validating our movements and go-to-market strategies (can't disclose them all for obvious reasons). We'll keep you updated as more comes out!
Now, there are several reactions that people have had as a result of this announcement from Zynga's corner. Some reactions that we have been reading is the thought that the U.S. is not going to be a viable online gaming option in the future. WRONG!
Here are a few reasons (we strongly believe) Zynga is choosing to forgo the U.S. route (for now) and how it relates to us:
1) They have a new CEO. Mark Pinkus (Founder & previous CEO) started pursuing growth strategies outside of Zynga's core competencies. The new CEO, Don Mattrick, wants a majority of the focus to be to get back to their core and do what they do best: casual social games. That's what made them successful in the first place. Time to revisit the basics of what made the company great. (This is a big indication why the giants of the industry cannot and will not just be able to flip a switch and knock companies like us out of the picture as easily as people may think.)
2) They are a publicly traded company. Their numbers have been horrendous, and Mattrick wants to instill the common rebound method of improving operations by returning to their core. #1 goal is regaining the confidence of their investors so they are pulling back some of the plays that are riskiest right now. It's simply the fact that the U.S. online gaming market is a long term play and Zynga can't bank on that kind of play to appease shareholders now.
3) It shows that the U.S. is not yet "there", but the fact that they were considering moving a lot of their resources on the U.S. online gaming market proves that we are moving this way as a nation. Zynga also stated that they are still going to be testing out their real gaming platform in the European market = we are again, on the right track in terms of priorities and launch plans.
We're excited that the market is validating our movements and go-to-market strategies (can't disclose them all for obvious reasons). We'll keep you updated as more comes out!
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