Fantasy Aces, long recognized as one of the leading mid-tier operators in the DFS space, announced a partnership earlier this week that appears to foreshadow imminent expansion into overseas markets. As per an official press release touting the new venture, Fantasy Aces will leverage the business development expertise of Cameron Thomson Group (CTG) to identify and pursue potential strategic opportunities outside of North America.
Leveraging The Resources of A Renowned Development Firm
As per their official website, CTG bills itself as “the pre-eminent provider of Outsourced Business Development Solutions for the Media / Entertainment and Technology sectors.” The press release also highlights CTG’s “experience in sports betting, interactive gaming applications and gaming technology” as the primary impetus for Fantasy Aces’ interest in partnering with the firm.
CTG’s website emphasizes their experience and presence in European and Asian markets as a primary strength in achieving their objective of helping companies in various sectors expand their presence and footprint worldwide.Movie Fifty Shades Darker (2017)
A statement in the press release from Ronald Thomson, CTG’s president, asserts the company’s belief that Fantasy Aces is a burgeoning entity within the DFS space, one that is poised to undergo significant expansion with his firm’s assistance. Fantasy Aces’ U.S. customer base is cited as “approaching 35,000”, and indeed, the California-based operator has enjoyed year-to-year growth since its debut in April 2013.
Following the Trend of DFS’ International Expansion
The announcement of the newly-minted business relationship comes shortly after co-industry leader DraftKings’ long-awaited UK debut in early February, which followed the forging of partnerships with Premier League clubs Arsenal, Watford and Liverpool. The breadth of Fantasy Aces’ potential international expansion—as well as what contest offerings might be feasible outside the U.S. market—is to be determined. Any entry into the UK market by a DFS operator would require the company to first be granted a gaming license.
Interestingly, in the wake of the Nevada Gaming Control Board’s October 2015 ruling that all DFS operators without a license were prohibited from operating in their jurisdiction, Fantasy Aces was the one company in the space to publicly contemplate the idea of doing so. However, they quickly reversed course with a subsequent press release in which they unequivocally confirmed that they would not take that course of action, and instead would “strongly support the Fantasy Sports Trade Association and other member industry sites in pursuing a solution allowing all DFS players in Nevada and throughout North America to engage in our industry’s legal and widely popular fantasy sports entertainment.”
Potential Growth of Contest Offerings In Future
While the legal landscape for DFS in the US remains in flux, Fantasy Aces becomes the third major operator in the space to begin exploring opportunities beyond the North American continent, as FanDuel also currently awaits the granting of their gaming license in the UK. Fantasy Aces currently offers gameplay in MLB, NFL, NBA, NHL, PGA and as of last football season, NCAA CFB contests. International expansion would reasonably carry the expectation of a variety of DFS soccer contests being made available as well, along with possibility of several other sports popular outside the U.S.