Clarion to host NYC Sports Betting Investor Summit and USA Conference

The American investment community is not just aware of the $150 billion opportunity legalized sports betting brings, but is actively seeking to learn more about the market and meet its key players. 

On November 4th in New York City, Clarion Gaming, organizers of ICE London, will host The NYC Sports Betting Investor Summit, co-sponsored by Morgan Stanley. It is the first of two back-to-back events in New York that week, and is followed by the Sports Betting USA Conference, also hosted by Clarion Events. These events are the first to bring the worlds of finance, media and sports betting, both digital and land-based, together for a dissection of key issues, opportunities, partnerships and threats to the evolution of the Sports Betting opportunity across America’s 50 states.

The Summit will give the investment community a chance to hear from and meet sports betting executives and to debate key questions such as: who will the market share winners be; which will prove to be the most successful partnerships; and could there be continued M&A driven by the theme.

This event will host institutional investors, private equity firms, family offices, venture capitalists, analysts and private wealth managers looking to invest in the legalised US sports betting market. This event will focus on the key elements of the sports betting value chain and identify opportunities for investors, operators and suppliers.

Confirmed speakers include: Thomas Allen, Managing Director, and Ed Young, Equity Analyst, Morgan Stanley; Lou Rogacki, Deputy Director, New Jersey Division of Gaming Enforcement; Ramy Ibrahim, Managing Director, Moelis & Company; and Matt Davey, President & CEO, Tekkorp Capital LLC.

“This is one of the most interesting investment opportunities in US right now,” said Christopher Smith of The Firmament Group. “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.”

Based on Morgan Stanley research, there should be $216 billion legally waged on sports by 2025 in the U.S. which would result in an additional $11 billion in revenue for casino operators, equivalent to all of North America's movie box office sales in 2017. 

The Summit will see CFOs, CEOs, Investor Relations teams and owners of gaming companies and their suppliers meet with institutional investors, private equity groups, hedge funds, venture capitalists, family offices, investment advisors, hedge fund managers, asset managers, public companies and IPO candidates, casino operators, suppliers to the gaming sectors, asset managers, the network media and advertising community as both sides of the deal look to maximize the opportunity the legalization of sports betting brings.

“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. “The American sports betting opportunity is by far the greatest opportunity in the sector since the advent of Internet gaming 20 years ago.”

Furthermore, The Sports Betting USA Conference, a two-day trade conference that will see 1,000 attendees, will be held at the Metropolitan West on Nov. 5 and 6 and will examine the key components of the sports betting ecosystem including regulation, operation and customer acquisition.

Setting the agenda, attendees will hear from and ask questions to Senator Joseph Addabbo Jr. and Assemblyman J. Gary Pretlow as they outline their view for the future of betting in New York. Following their insights, some of the biggest names in betting and gaming including MGM Resorts, William Hill, Hard Rock Casino and Penn National Gaming will too, be sharing their ideas in a series of panel discussions alongside major stakeholders such as the NFL, NBA, MLB, MLS, PGA and NASCAR.

"The legalization of sports betting in America is expected to have a transformational impact on the sports ecosystem, as the number of states with legalized sports gaming more than doubled in the last year with another dozen states expected to approve enabling legislation in the next 12 months," said Caselli. "From professional sports leagues and major broadcasting networks to media and technology companies as well as the broad investment community, many groups are primed to realize the astronomical opportunity sports betting brings."  

Sports Betting USA has also brought a large selection of US media to attend and speak about the development of the market across America. Mass media firms NBC Sports, Bloomberg Intelligence, CBS Sports, ESPN Sports, and WarnerMedia join digital media giants including Google, Facebook, Twitter and others as they discuss the new model of media partnerships to acquire market share in the US betting market

"We have gathered the top experts in the sports betting ecosystem for two days of frank discussion, analysis and networking for investors, operators, service providers and suppliers, media and broadcasting companies and regulators," said Caselli. "The pace of sports-related partnership agreements reached over the last 12 months, between media giants like Fox Sports and The Stars Group, and casinos/gaming participants such as Caesars Entertainment and DraftKings, is just the tip of the iceberg. This $150-billion industry is just too big for anyone to pass up." 

"Sports betting is in its infant stage with the market set to explode and explode soon," said Brad Feinberg, NBC Sports Philadelphia Betting Expert. "We are going to see media coverage of sports betting increase at record levels. From a broadcasting perspective, sports gambling is going mainstream." 

Registration is open at the official website.