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Ader Says Daily Fantasy Sports Comparable to Macau During Its Glory Days

by | May 28, 2015 | Uncategorized | 0 comments

In its glory days Macau’s casinos were bringing 40% margins and showering the gaming industry with riches, BusinessInsider.com noted.

A corruption crackdown by the Chinese Government has changed all that.

Since last summer, Macau’s 40% margins have turned into 40% (and even 50%) casino revenue declines. 

Appearing on CNBC’s “Fast Money” Wednesday, activist investor and founder of SpringOwl Asset Management, Jason Ader, claimed daily fantasy sports has the capability of delivering similar returns.

“The business has the potential to be as big as Macau over time, said Ader, a former analyst at Bear Stearns.

He also suggested that daily fantasy sports will some day replace the slot machine as the number one way in which Americans gamble.

“Millennials… don’t like the traditional gaming experience,” he said. They prefer gaming experiences provided by companies like FanDuel and DraftKings.

“All you have to do is.”

– Aaron Goldstein, DFS911.com and Gambling911.com