"The big difference is that daily fantasy sports has a legal safe harbor under the 2006 Unlawful Internet Gambling Enforcement Act, and therefore should not suffer the same fate as online poker." In April 2011, the.S.
In Miami, Florida, Founder of, sports Agent Blog, and Professor of Sport Agency Management at Indiana University.
"We are extremely pleased to add these asset purchases that enhance m as a leader in daily fantasy said Robert Traversa, Chief Financial Officer of MGT.
More companies will likely get in the game, whether or not the legalities of the offerings are as stable as Ladd may believe.Federal government shut down online poker operators PokerStars and Full Tilt in what is now widely known. He also demonstrates a general coolness with regard to the daily fantasy sports' legal issues that have remained a concern for some others."Daily fantasy sports is where online poker was in 2001 explained MGT Capital Investments, Inc. We wanted a stable platform with existing management at a reasonable price.".Daily fantasy sports remains the fastest growing segment of the multi-million-player fantasy sports industry. Learn more about him. "We welcome the new players to our solid technology base and exciting game-play.Darren Heitner is a Partner at, wolfe Law Miami,.A. They were added to the existing.Fantasy Sports Live ) and, daily Joust, Inc.
Ladd sees an opportunity in the fact that only a tiny fraction of the estimated 35 million fantasy sports players have wagered on daily fantasy thus far. The financial attractiveness of this sector has been demonstrated by recent investments in the space from the major entertainment conglomerates cited by Ladd, in addition to the funding by his own company. In fact, the trend maquinas gratis de tragamonedas y nuevas of seven-figure investments in these online social start-ups, which have been regularly questioned concerning the true legality of the services they provide to consumers, continues with constant announcements of new fundraising. In response to a question as to why MGT purchased certain assets from Fantasy Day Sports and Daily Joust, Ladd responded, "Because we could!" He continued, "FanDuel took money from Comcast, and Interactive Corp invested in DraftStreet.According to Ladd, MGT's plan is to continue to roll-up smaller players in the daily fantasy sports space. For instance, Marc Edelman of forbes has held that he is uncertain whether daily fantasy games fall within the safe haven under the Unlawful Internet Gambling Enforcement Act and pointed out that no court has determined whether said games comply with state gambling law.On July 23, MGT Capital Investments announced the expansion of its daily fantasy sports business through the purchase of certain assets from Fantasy Day Sports, Corp.Investor interest in daily fantasy sports games does not appear to be subsiding any time soon.Has been busy acquiring assets in daily fantasy sports games.
(nysemkt: MGT) President and CEO Robert.