It seems that the American investment community has just recently become aware of the potential gold mine that legalized sports betting actually is. It is estimated that $150 billion is the worth of the current industry.
After hosting ICE London, the world’s largest gambling event, Clarion Gaming is moving to the USA to host The NYC Sports Betting Investor Summit on November 4th. Now the American investors will get the chance to learn more about market share winners, potential partnerships and the expanding industry in general.
Many investors, firms, family offices, private wealth manager and venture capitalists will attend this event.
“This is one of the more interesting investment opportunities in the US right now,” said Christopher Smith of The Firmament Group.
Smith continued, “With a latent demand for betting already in place, the rapid uptake of legislation in several states and proven products and technology to service the demand, it’s a sector that has come to the attention of the private equity community, and has new investors, who had in the past not been interested in gaming and leisure, looking for information and deal flow in the space.”
“I have been getting more and more calls from investors that have never invested in this sector before, asking for investment opportunities in US sports betting. It has become so overwhelming, that it’s time for a summit where Wall Street could meet the key players in the betting market,” said Michael Caselli, [industry veteran and current non-executive Chairman at Clarion Events], who adds, “The American sports betting opportunity is by far the greatest opportunity in the sector since the advent of internet gaming 20 years ago.”