Leonsis Focus, Partnered with MGM
Posted: Mon Jan 7, 2019 7:01 pm
http://www.espn.com/chalk/story/_/id/25705887/nbc-sports-washington-plus-start-alternate-betting-focused-washington-wizards-broadcasts
Now we see what the focus of the Leonsis family has been, trying to rush an interactive betting broadcast platform for the Wizards.
Realize it is the future of the league, but having an owner attempt to license his own product to the league as a whole feels like a conflict of interest.
The only goal of building such a platform is small licensing play per team (tiny annual minimum guarantee, 4 year license), and a minuscule percentage per bet.
It’s a good business model, that being said it’s a bit of a conflict of interest for it to be owned by the Leonsis family (or any owner) in my view.
Silver wants a 3rd party platforms approved by the home office, and overseen by multiple tiers of attorneys/accountants which the league office decides, not owners.
Individual teams building their own systems is a legal nightmare for the league office. This very much reads to me like Leonsis is angry he can’t have full control over betting revenue when the Wizards are involved. This is going to get ugly.
Now we see what the focus of the Leonsis family has been, trying to rush an interactive betting broadcast platform for the Wizards.
Realize it is the future of the league, but having an owner attempt to license his own product to the league as a whole feels like a conflict of interest.
The only goal of building such a platform is small licensing play per team (tiny annual minimum guarantee, 4 year license), and a minuscule percentage per bet.
It’s a good business model, that being said it’s a bit of a conflict of interest for it to be owned by the Leonsis family (or any owner) in my view.
Silver wants a 3rd party platforms approved by the home office, and overseen by multiple tiers of attorneys/accountants which the league office decides, not owners.
Individual teams building their own systems is a legal nightmare for the league office. This very much reads to me like Leonsis is angry he can’t have full control over betting revenue when the Wizards are involved. This is going to get ugly.
