Tuesday, September 24, 2013

G2E Interview with Seth Young of Star Fantasy League



 

Fantasy Sports is a huge phenomenon and currently legal in New Jersey. It's not being offered yet.

It's my guess that once IGaming starts, one of the casinos will include it. I decided to seek out someone familiar with fantasy sports betting.

Seth Young is the Chief Operating Officer at Star Fantasy Leagues, based in Rochester, NY, where he brings a decade of experience in IGaming to the fantasy sports industry.

 

Fantasy Sports Betting is a viable option to wagering on games Nevada style. (Picking a team or individual).  What has stopped the casinos in Atlantic City from implementing it?

This is a great question, but I think ultimately it comes down to the time and expertise it takes to develop a viable platform to offer these games to a customer. At Star Fantasy Leagues we’ve been working for more than a year to develop our proprietary software, and there’s really no end in sight to the additions and improvements we see that we can make to our technology.

What the most popular Fantasy sport after NFL football?

Baseball, basketball, and hockey are all popular, but If we’re talking about daily contests at Star Fantasy Leagues, a lot of people who predominantly play our football games on a weekly basis will find that the transition to daily fantasy basketball is easier than baseball or hockey. Each game takes a different skill set, but basketball is probably the easiest one to understand behind football. I’m sure some people would be happy to debate that, though.

Most of the casinos are treading slowly into the online market.  Would fantasy add traction to that?

Well, I don’t really see the Internet disappearing anytime soon, so it would be a natural progression for casinos to get into the online market for all the games they offer. As long as state and federal governments decide to legislate to protect consumers instead of special interests, adding a suite of fantasy sports games to traditional casino games would complement any casino’s online offer, and allow their customer to better engage with sporting events.

ESPN and the social media engines (Yahoo) have their own fantasy leagues. What is the lure to join a league such as yours?

Star Fantasy Leagues offers daily and weekly contests for different sports. This means that instead of a traditional season long fantasy gaming platform – which we are also developing – you can join a new contest every single day. You can draft a team for basketball on Monday, enter a contest, and root for your players that night. On Tuesday, you can collect the cash you’ve won, draft a new team, and do it all over again. As a sports fan myself, it’s truly awesome. But that’s why we built it… because we’re sports fanatics ourselves.

Tell me about your league?

Star Fantasy Leagues was born from the minds of the brothers Zach and Justin Stanley. They were playing daily and weekly fantasy sports on the sites of some of our current competitors, and they were unhappy with the software and user experience. Instead of simply complaining about it, they decided to build what they wanted themselves and do it better than anybody else.

How does someone get started in a league like yours?
 

You can visit http://www.starfantasyleagues.com and sign up for an account. From there, you can make a deposit into your game wallet by using PayPal or any major credit card, join a contest, draft a team, and watch your player’s stats in real time. If you get the most points, you win the most cash. It’s really very simple once you take a few minutes to look at the website.

Many people are concerned about compensation with online gaming. How would you alleviate that concern?

Well, for one, we’re not a gambling website. Pursuant to US federal law, wagering on the contests we offer is considered to be a game of skill, not a game of chance. Regardless, Star Fantasy Leagues has important consumer protection in place. We appear to be the only company in our space offering age, ID, and location verification through our partners at IDology to ensure that our customers a) are of legal age to make a wager, b) are who they say they are, and c) are accessing our games from a jurisdiction that we accept traffic from. Additionally, we also fully segregate player funds from operating expenses, so player funds are never at risk. It’s frustrating that something like that needs to be clarified, and it’s wholly due to the legacy that some dishonest companies have left in the online gaming space.

What would you provide to a brick and mortar gaming operator?

If we decided we’d like to work with a brick and mortar operation, Star Fantasy Leagues could offer a turnkey solution for any casino interested in entering the online market for daily, weekly, and season-long fantasy sports, from the B2B to B2C.
 



 
Follow Seth on Twitter at @sethyoung
Read this link of a previous post about Fantasy Sports Betting in NJ.
 
Follow me for more from G2E in Las Vegas
 
Follow me on Twitter at @GamingGuyM



 

 

 

 

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