Macau Plans To Introduce Daily Fantasy Sports

Macau Plans To Introduce Daily Fantasy Sports

Macau’s slow-moving casino business sees opportunities in daily fantasy sports, currently popular among younger population.

Macau’s slow-moving casino business sees opportunities in daily fantasy sports, currently popular among younger population.

Many analysts have come to the conclusion that Macau, besides expanding gambling space, needs to diversify its gaming offer. A member of Las Vegas Sands board, Jason Ader, says that in the long run Macau has nothing to worry about, but they should focus on the current state which is not that great.

Are Daily Fantasy Sports Bigger Than Macau?

Latest polls reveal that the Generation Y is at its peak of interest for daily fantasy sports. Ader also says that the new market opens an entirely new gaming dimension. Arguing in favour of daily fantasy sports, Ader adds:

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“They’re all playing daily fantasy sports, and they’re figuring out with statistics how they can have fun in a new way, in a way that’s more mobile and more traditional with their own forms of medium,” Ader said arguing for a turn to daily fantasy sports.

At the moment, FanDuel and DraftKings (together worth over AU$5,2 billion) are top daily fantasy sports contenders.

James Packer Will Not Abandon That Idea

Despite the Chinese corruption crackdown, Macau is not sowing down with its development. James Packer says that no one could have predicted such a slowdown in Macau.

“As an Australian investor in China and Macau it’s very hard to be critical of a corruption crackdown. When and how that ends is something that no one knows. But the long-term macro picture for Macau is still incredibly exciting,” he also adds.

Hollywood-themed Studio City, Packer’s joint venture with Melco Entertainment, plans to target non-gamblers who were left out with the current Macau setup. Packer also adds that they almost all casinos in Macau are faced with problems.

That is exactly why Jason Ader said that casinos should diversify their games offer and not have a conservative approach to gaming. Macau can boost the potential of daily fantasy sports a lot.

FanDuel has invested over €500 million (around AU$715 million) in cash prizes for their players, making daily fantasy sports a solid competitor to all other forms of online gambling.

Future will tell if Macau casinos will emerge safe from the gambling crisis. For now, Macau should use the capacity to invest in daily fantasy sports and recognize its full potential.