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/

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

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

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