NEW YORK, NY--(Marketwired - Oct 21, 2015) - Spectrum Gaming Group and Spectrum Gaming Capital will present a webinar on the critically important issue of fantasy sports regulation. The online presentation will be held at 11:00 a.m. on Thursday, November 5, and will be hosted by Clarion Events, the global leader in providing timely information and insights on the future of all forms of gaming.
Spectrum Gaming Group and Spectrum Gaming Capital have decades of international experience in the relevant fields of gaming regulation and compliance, anti-money-laundering, corporate due diligence and finance, as well as in identifying and analyzing trends that impact land-based and online gaming around the world.
The webinar speakers will be:
- Fredric Gushin, Managing Director, Spectrum Gaming Group
- Timothy Lowry, Partner, DLA Piper
- Adam Steinberg, Senior Vice President, Spectrum Gaming Capital
- Seth Young, Chief Operating Offer, Star Fantasy Leagues
"The rapid growth and public acceptance of daily fantasy sports as an entertainment activity has excited the public and drawn increased scrutiny from casino operators and state and federal lawmakers. Our goal with this webinar is to address the critical issues of integrity and transparency facing the industry today. As long term experts in the field, we will be drawing information and insight from myriad relevant industries that have faced comparable issues," Steinberg said. "The topics to be discussed will range from self-regulation to political insights."
Gushin noted: "Attendees for this webinar will gain numerous insights into the role of regulation, and how to establish necessary controls."
The Daily Fantasy Sports industry has experienced rapid growth in recent years. The industry generated approximately $1 billion in entry fees in 2014, and is expected to reach $2.5 billion in 2015. Some estimates have placed entry fees at $18 billion by 2020. In 2013, only 8 percent of all fantasy sports participants played daily fantasy sports exclusively, but according to the Fantasy Sports Trade Association, in 2015 almost 20 percent of players play daily fantasy exclusively. Recent high-profile missteps have created the perception among lawmakers, investors and players of employee abuses and impropriety. As such, there has been a groundswell of media and legislative calls for regulations and laws. The Spectrum Gaming and Clarion webinar will address the issues and highlight best practices to regain the trust of players and lawmakers.
About Spectrum Gaming Group
Spectrum Gaming Group is an independent, full-service international gaming research and professional services firm. Through its staff and global network of affiliates and associates, it employs renowned experts in every facet of the gaming industry, from research to regulation. Spectrum's services include market studies and financial analysis; investigations, due diligence (financial / integrity); Internet gambling research / analysis; economic impact reports; drafting of legislation and regulation; public-policy analysis; and gaming regulatory services. Spectrum produces several conferences and partnering with Fantini Research and Management Science Associates, publishes SPECTRUMETRIX™, a comprehensive and dynamic suite of web-based reports. For more information or to subscribe, visit www.spectrumetrix.com.
About Spectrum Gaming Capital
Spectrum Gaming Capital is a boutique financial advisory firm focused on the global gaming and resort industries. We arrange strategic partnerships and early-stage capital for developers, provide mid-market investment banking services and perform complex valuation work and litigation support. SGC fills the gap between gaming consultants and balance sheet-based investment banks, providing unbiased strategic guidance and access to long-term investors.
About Clarion Events
Legal gaming, including lotteries, exists in 250 jurisdictions and is estimated to grow to US$535bn (gross gaming yield) by 2017. Clarion Events occupies a unique position in the sector, providing the full range of services to the entire spectrum of the global industry including exhibitions, conferences, technical training, research and digital information. Our products, which include the world's largest gaming technology exhibition, are delivered globally and attract more than 25,000 customers annually in locations spanning every continent.