Business of Betting Podcast

E190 - Soo Kim from Bally’s

On this edition of the Business of Betting Podcast, Jason is joined by Soo Kim, Chairman of Bally's Corporation. Soo is the founding partner of investment firm Standard General L.P. & is the firm's Managing Partner & Chief Investment Officer. Soo has a wealth of experience in the investment space, but has also been involved in the evolution of the gaming industry. Timecodes: 00:57 - Soo's background03:30 - What kind of entity is Standard General?05:09 - The structure of a Hedge Fund07:55 - Types of investment13:15 - What does Soo class himself as?17:35 - Bally's thesis23:48 - How does Bally's differ from its competitors?25:07 - Bally's acquisition strategy26:56 - Raising share price29:39 - Could the physical and online business be separated?30:47 - Soo's view on sports betting33:11 - What does Soo want to be when he grows up? Follow us on: https://twitter.com/bettingpod / @businessofbetting Get in touch: https://twitter.com/jasontrost businessofbetting@gmail.com #business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

E189 - Dustin Gouker

On this edition of the Business of Betting Podcast, Jason is joined by Dustin Gouker, Consultant at Catena Media.Dustin's story began in the newspaper industry where he worked as a journalist for a number of years before venturing into marketing. In 2015, Dustin began to report on the sports betting and online poker industry for Legal Sports Report. His latest role was as a Vice President at Catena Media in charge of content. He is now acting as a consultant for Catena Media, while deciding what he would like to do next in his career.Timecodes:02:10 - Dustin's background04:15 - Daily Fantasy and Sports Betting10:45 - Dustin's opinions on sports betting in America14:50 - Jason v Dustin on regulation33:15 - What does Dustin make of 'The Big Four' in the US?35:40 - Dustin's view on a company like Smarkets43:25 - Next steps for DustinFollow us on: https://twitter.com/bettingpod / @businessofbettingGet in touch:https://twitter.com/jasontrost#business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

E188 - Joel Simkins from Houlihan Lokey

On this edition of the Business of Betting Podcast, Jason is joined by Joel Simkins, Managing Director in Houlihan Lokey's Technology Group. Joel began his career as a leading equity analyst before successfully transitioning to investment banking where he has gained a wealth of experience in the gaming industry. Jason and Joel cover a range of topics such as regulation in the industry, discussion on some of the leading sports betting companies, Joel's advice to young entrepreneurs and much more!Follow us on: https://twitter.com/bettingpod / @businessofbettingGet in touch:https://twitter.com/jasontrost#business #betting #podcast #businessofbetting #smarkets #exchange #sportsbook Hosted on Acast. See acast.com/privacy for more information.

E187 - Dean Sisun from Prophet Exchange

On this edition of the Business of Betting Podcast, Jason is joined by Dean Sisun, CEO & co-founder of Prophet Exchange. They discuss why and how Prophet was set up, how Prophet compares to its competitors & much more before there is a twist to the second half of the podcast!Timecodes:00:27 - The founding story of the Prophet Exchange03:43 - What is Prophet doing that its competitors aren't?05:00 - Why move back to the US to launch?07:25 - When did Prophet launch & how is it going?09:40 - How does Prophet compare to Sport Trade?12:21 - How does Prophet compare to top-tier sportsbooks?14:14 - The challenges behind building Prophet.19:40 - How is Dean managing the challenge of attracting funding in the current economic climate?25:35 - Dean's questions for JasonFollow us on: https://twitter.com/bettingpod / @businessofbettin... Get in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

E186 - Leigh Nissim, Future Anthems

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E185 - Justin Dellario, CEO of unikrn

Justin is joined by Justin Dellario, CEO of eSports betting company, unikrn, on the latest edition of the Business of Betting Podcast. Justin explains what unikrn is, how the world of eSports works and what sports betting has to do with eSports. Hosted on Acast. See acast.com/privacy for more information.

E184 - Varun Sudhakar from BetDEX

Jason is joined by Varun Sudhakar, CEO & Founder of BetDEX in the latest episode of the Business of betting Pod. Varun shares his story, the inner workings of BetDEX, and his ambitions for the future of the company. Hosted on Acast. See acast.com/privacy for more information.

E183 - Alex Kane from Sporttrade

Jason is joined by Alex Kane, CEO and Founder of Sporttrade Inc. in the latest episode of the Business of betting Pod. Alex shares his startup story, as well as his views on the growth of the American sportsbook industry, and his vision for the future of the industry and exchanges.04:01 Sporttrade: The humble beginnings06:25 Alex’s Startup and Investment Round journey08:18 Techstars to launch12:31 Building the Sporttrade matching engine16:00 Pre & Post trade challenges19:33 Sporttrade vs the competition24:09 The role of market makers27:00 The Sporttrade business model29:56 Competitors and the customer acquisition challenge32:22 Sporttrade vs Prophet33:49 Why choose Sporttrade?42:28 The end of price time?Follow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

E182 - Lloyd Danzig from Sharp Alpha Advisors

In this episode of the Business of betting Pod, Jason is joined by Lloyd Danzig, Managing Partner at Sharp Alpha Advisors. In this episode Lloyd shares his views on the future of the sports betting and competitive gaming industry, the adaptation of the exchange model in the US, and his hopes for a next gen ‘smart’ world. 02:40 The many hats of Lloyd Danzig: Venture Capitalist investing in the next generation of sports betting and real money gaming platforms. 04:55 The rise of ‘Competitive Entertainment’: The future of winning or outcome based betting products. 08:16 Picks ‘n’ Shovels vs Operator approach: B2B businesses vs B2C operators. 10:53 Evolution of the Exchanges in the US: The maturing of the sports betting market in the US – Limit Book Orders vs Fixed Odds model & high volume, lower margin bets vs high odds parlays. 15:18 Market Cap for Exchanges in the US: Can the US market expect to match or better the UK’s Exchange market share of 10-15%? 21:45 Will sportsbook operators evolve into Exchanges?: Could the compression of margins from competitors force sportsbooks to adopt the exchange model? Could a sportsbook add a matching engine under the hood? 31:09 Sportsbook wagering limits: The ethical argument on limiting winners. 34:01 The future of the industry: Smart betting through personalised betting recommendations. Follow us on:https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.

E181 - David Purdum from ESPN

In this episode of the Business of betting Pod, Jason is joined by David Purdum, Gambling reporter for ESPN. In this episode, Purdum who’s been writing on the industry since 2008 goes back on his career, and shares his opinion with Jason on legalization, Sportsbooks in the US and other aspects of the industry. 01:30 How did he get in the Industry: Starting in Atlanta, writing stories about the business, landing at ESPN06:24 The road towards the federal legislation: The PASPA journey from 2008, David’s opinionThe wire act and federalisation of Sports betting, the barrier to entry 11:50 The evolution of Sports betting in the US: Media companies, Leagues's position, the new betting habits with younger generations, prop bets, Fantasy sports 17:46 The future of betting: Bringing the exchange model in the US, Ethic and limits20:15 The bookmaker perspective: limiting winners, transaction fees, getting in the industry, market entry and new players: Sporttrade, prophets, FanaticsFollow us on:https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.