T he Rise o f e Spo rts A Disc ussio n o n the I ndustry a nd its Po te ntia l I mpa c ts o n Ga ming Pre se nte d b y:
T o pic I nfo rma tio n T he fa st-g ro wing e Spo rts industry c a n no lo ng e r b e ig no re d . I ndustry e stima te s indic a te tha t the industry g e ne ra te d to ta l re ve nue o f $325 millio n in 2015, re pre se nting ye a r-o ve r-ye a r g ro wth o f o ve r 67% fro m 2014. I ndustry e xpe rts e stima te this fig ure will surpa ss $1 b illio n in 2019. On to p o f this, e stima te s indic a te tha t the e Spo rts b e tting ma rke t wa s ro ug hly $2 b illio n in 2015 a nd is e stima te d to e xc e e d $23 b illio n b y 2020. With the stro ng g ro wth e Spo rts ha s (a nd is e xpe c te d to ) a c hie ve d, the re ha ve b e e n nume ro us a nc illa ry pro duc ts a nd se rvic e s la unc he d o ve r the ye a rs. F ro m e Spo rts a re na s to stre a ming se rvic e s de dic a te d to e Spo rts a nd e ve n fa nta sy spo rts le a g ue s, the industry ha s b e e n a po pula r o utle t fo r inno va tio n a nd e xpa nsio n. M inte nds to pro vide va lua b le info rma tio n o n the E me rg ing L e a de rs o f Ga ming T e me rg ing industry fo r b o th e Spo rts ne wc o me rs a nd e xpe rts. Our we ll-ve rse d pa ne lists will pro vide a hig h-le ve l o ve rvie w o f the industry’ s histo ry, disc uss ke y issue s the industry c urre ntly fa c e s, o ffe r the ir o pinio ns o n the future o f e Spo rts, a nd disc uss e Spo rts o ppo rtunitie s to b o th g a ming a nd b e tting o pe ra to rs.
Mo de ra to rs Mike Va na skie , Se nio r Ana lyst T he I nno vatio n Gro up A dyna mic pro fe ssio na l who ha s in-de pth e xpe rie nc e c o nduc ting stra te g ic a nd fina nc ia l a na lysis in a va rie ty o f industrie s, Mic ha e l is a va lua b le a sse t fo r T he I nno va tio n Gro up. Mic ha e l jo ine d the c o mpa ny in April o f 2015 a nd c urre ntly se rve s a s a Se nio r Ana lyst. Prio r to jo ining the c o mpa ny, Mic ha e l wo rke d prima rily in the inve stme nt ma na g e me nt industry, whe re he he ld a va rie ty o f re se a rc h-o rie nte d ro le s. Ba se d in T he I nno va tio n Gro up’ s De nve r o ffic e , Mic ha e l’ s wo rk c o ve rs a dive rse a rra y o f sc o pe s, c lie nts, a nd g e o g ra phie s; ra ng ing fro m full suppo rt fo r a n o pe ra to r’ s pre limina ry g a ming lic e nse b id to a n Asia n g o ve rnme nt, to a fe a sib ility study fo r a ho te l e xpa nsio n in So uthe rn Ca lifo rnia . While Mic ha e l ha s wo rke d with b o th do me stic a nd inte rna tio na l c lie nts, he ma inta ins a fo c us o n the Asia n-Pa c ific ma rke ts. Chris I rwin, Se nio r Ana lyst T he I nno vatio n Gro up Chris I rwin ha s de ve lo pe d a nd e xpa nde d o n ma ny o f his re se a rc h a nd a na lytic a l skills sinc e jo ining T he Inno va tio n Gro up in Ja nua ry o f 2013. As a se nio r a na lyst b a se d o ut o f the firm’ s De nve r o ffic e , Chris ha s e sta b lishe d a tho ro ug h unde rsta nding o f the Na tive Ame ric a n se c to r thro ug h wo rking with do ze ns o f trib e s a nd first na tio ns in b o th the U.S. a nd Ca na da , e xpa nding the ir pre se nc e no t o nly in the g a ming industry b ut in o the r ho spita lity a nd le isure ve nture s, a s we ll. He c o ntinue s to pro vide to p no tc h c o nsulting se rvic e s tha t inc lude fe a sib ility a nd ma rke t a sse ssme nts fo r c a sino s, ho te ls, me e ting a nd e nte rta inme nt ve nue s, c o nve nie nc e sto re s, a nd mo re , his spe c ia lty fo r T he I nno va tio n Gro up b e ing g o lf c o urse ma rke t a sse ssme nts.
Pa ne lists Bre tt Ab a rb a ne l – He a d, So c ia l & Re c re a tio na l Ga mb ling Re se a rc h, UCL A Bre tt Ab a rb a ne l, Ph.D., is He a d o f So c ia l a nd Re c re a tio na l Ga mb ling a t the UCL A Ga mb ling Studie s Pro g ra m. Dr. Ab a rb a ne l’ s e xpe rtise is in g lo b a l g a mb ling a nd so c ia l sc ie nc e a pplic a tio ns, with re se a rc h inc luding I nte rne t g a mb ling po lic y, e Spo rts, a nd re spo nsib le g a mb ling . Dr. Ab a rb a ne l se rve s a s c o - E xe c utive E dito r o f the UNL V Gaming Re se arc h & Re vie w Jo urnal a nd ha s b e e n inte rvie we d a s a g a mb ling e xpe rt fo r the Ne w Yo rk T ime s, Wa ll Stre e t Jo urna l, a nd the Disc o ve ry Cha nne l. She wa s re c e ntly ho no re d b y T he I nno va tio n Gro up with the ir 2015 E me rg ing L e a de rs Awa rd, a nd na me d in the 2016 Glo b a l Ga ming Busine ss “40 Unde r 40” list. Dr. Ab a rb a ne l c o mple te d he r B.S. in Sta tistic s a t Bro wn Unive rsity a nd he r M.S. a nd Ph.D. a t Unive rsity o f Ne va da , L a s Ve g a s. Se th Sc ho rr – Cha irma n, Do wnto wn Grand L as Ve g as Se th Sc ho rr is Cha irma n o f Do wnto wn Gra nd. Sc ho rr a nd his pa rtne r, Je ffre y F ine , o wn a nd o pe ra te F ifth Stre e t Ga ming a nd its a ffilia te , L uc ky Silve r Ma na g e me nt, whic h o wns a nd o pe ra te s thre e c a sino s in No rth L a s Ve g a s. In e a rly 2015, Sc ho rr wa s intro duc e d to the wo rld o f e Spo rts a nd le d the e ffo rt o f de ve lo ping the first fully inte g ra te d e Spo rts pro g ra m in a c a sino re so rt a t T he Do wnto wn Gra nd. Sc ho rr is a g ra dua te o f the Unive rsity o f Pe nnsylva nia with a ma jo r in Chine se Studie s. He ha s re c e ive d nume ro us a wa rds a nd a c c o la de s inc luding b e ing re c o g nize d b y VE nc . a s a me mb e r o f the e lite “40 GAS I Unde r40,” a s we ll a s “T he Ve g a s Do ze n.” Ha i Ng - Pa rtne r, Ne o manc e r Co -fo unding pa rtne r a t Ne o ma nc e r, a te c hno lo g y stra te g y a nd ma na g e me nt g ro up, Ha i ha s o ve r thre e de c a de s o f e xpe rie nc e in T e c hno lo g y, a nd o ve r a de c a de in Ga ming . His b re a dth a nd de pth o f e xpe rie nc e fue ls so lutio ns tha t thrive a t the inte rse c tio n b e twe e n industrie s. His c urre nt fo c us inc lude s e Spo rts/ Ga ming , VR/ Ga ming / e Spo rts/ Me dia , a nd c ultiva ting inno va tio n in Ga ming . Ha i’ s wo rk ha s no t o nly b e e n fe a ture d b y the Muse um o f Mo de rn Art in Ne w Yo rk a nd ma jo r pub lic a tio ns, b ut ha s le d to suc c e ssful a c q uisitio ns, g lo b a l e xpa nsio ns, g ro undb re a king c a mpa ig ns, a nd g e ne ra l e upho ric c o -e xiste nc e with te c hno lo g y.
Pa ne list Que stio ns
Ho w do yo u de sc rib e e Spo rts a nd its histo ry to industry o utside rs? Wha t ha ve b e e n the mo st impo rta nt mile sto ne s fo r the industry to da te ?
With the ra pid g ro wth in the industry, a nnua l c o mpe titive e ve nts a nd prize po o ls ha ve b e e n ne a rly do ub ling e ve ry ye a r sinc e 2012. Ho w ha s e Spo rts e vo lve d o ve r the pa st se ve ra l ye a rs?
Ho w ha ve so c ia l me dia a nd stre a ming pla tfo rms, suc h a s T witc h, c o ntrib ute d to the g ro wth o f e Spo rts?
Just a s the industry ha s g ro wn, e Spo rts b e tting ha s inc re a se d ra pidly a s we ll. Ho w ha s e Spo rts b e tting e vo lve d? Wha t a re a s o f e Spo rts b e tting a re mo st c o nc e rning ?
Wha t ha s b e e n do ne to re g ula te the e Spo rts b e tting industry? Ho w do yo u think re c e nt re g ula tio ns will c ha ng e e Spo rts b e tting ? Do e s mo re still ne e d to b e do ne to e nsure a sa fe b e tting e xpe rie nc e ?
I s a g lo b a l g o ve rning b o dy ne c e ssa ry fo r e Spo rts? Will this g ive the industry a nd the spo rt mo re le g itima c y?
Wha t type s o f o ppo rtunitie s do e s e Spo rts o ffe r to the g a ming industry, b o th do me stic a lly a nd a b ro a d? Ho w c a n g a ming c o mpa nie s b e st ta ke a dva nta g e o f the se o ppo rtunitie s?
Will g a ming pro pe rtie s with e Spo rts e xpe rie nc e s a ttra c t mille nnia l pa tro ns? I f so , wha t is the like liho o d tha t the se pro pe rtie s c o uld c o nve rt e Spo rts pa tro ns into g a ming pa tro ns?
Ho w do yo u se e the industry e vo lving o ve r the ne xt 5 to 10 ye a rs?
Whe re c a n a tte nde e s find mo re info rma tio n o n the industry?
Audie nc e Q&A
T o o b ta in re po rts a nd a rtic le s o n the e Spo rts industry a utho re d b y Bre tt Ab a rb a ne l, ple a se e ma il Bre tt a t a b a rb a ne l@ uc la .e du
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