March 18, 2015 in public
“There is simply no way the leagues could ask for a percentage piece of gambling revenue…” – Jeff Ma
LOS ANGELES, March 18, 2015 /PRNewswire/ — With just over 23 weeks of public operation, AllSportsMarket (ASM) reports $11,434,995.24 in IPO revenues across the NFL, MLB, NBA and NHL sectors. Baseball opened trading Saturday March 7, 2015, ending the day with a record total market volume of 250,920 shares traded.
“The overwhelming response to our MLB IPO shows again just how much fantasy players as well as casual fans enjoy trading teams on AllSportsMarket. Splitting our revenues 50/50 with the league charities now opens the door to lucrative partnerships that benefit not only the teams but the fans as well. I can’t wait for the day we get to see the ASM ticker symbol on every jersey, on every field.” says Ace Underhill, ASM “Creator.”
Bernie Nicholls continues “It’s great to be able to give back and when you get a chance to give to the sports and leagues that make the world of sports what they are, it’s a great feeling. As an ex pro athlete, giving back is something that needs to be done and the fact that our company is in a position to share revenues with the league charities is something that we had to do.”
On Feb. 26, 2015, Jeff Ma wrote on ESPN.com “There is simply no way the leagues could ask for a percentage piece of gambling revenue, as this would result in a huge conflict of interest. In addition, asking for a percentage based on the overall handle (total amount wagered) will cut into the margin of the sports books too significantly.”
There is a better way: The sports leagues can have the best of both worlds by embracing the concept of a “sports stock market” that will give them the revenue they are seeking without creating a massive disconnect with their fans. The world of sports investing is one well worth consideration and it is the future of fan engagement. As the old saying goes “What happens in Vegas, stays in Vegas!” Regulated sports betting is just one of the many things that should stay there. Real money sports team investing is not here just yet… but it will become a reality with public support. You can test drive the free market at http://AllSportsMarket.com/(follow #SportsFolio) and sign the online petition at http://TheSportsVote.com/(follow #TheSportsVote)
AllSportsMarket (ASM) is the World’s First Sports Stock Market trading your favorite teams around the clock with dividends paid on every win. Sports traders around the world compete to earn cash and win prizes. ASM is operated by The New Sports Economy Institute, a 501(c)(3) nonprofit organization established to teach finance through sports. Bernie Nicholls is ASM’s spokesman and sports industry liaison. Bernie was an explosive scorer who accumulated over 1,200 career points while playing for six NHL teams. Recently, Bernie helped coach the Los Angeles Kings to their first Stanley Cup ever in their 48-year history. Ace Underhill is the sole technical architect and creator with over 15 years’ experience working in movies, television and music videos with such luminaries as Snoop Dogg, Coldplay, Rihanna, Foo Fighters, Ariana Grande, Eddie Murphy, Christopher Titus and other top personalities worldwide. For more information, visit: http://AllSportsMarket.com. ASM Free! is available now for nearly all platforms worldwide including Apple, Android, BlackBerry, tablets, notebooks and desktop computers. The DeLorean Time Machine, hand-built in California, will be given away on Back to the Future Day, Oct. 21, 2015, in Hollywood. Sign up using the referral code “DELOREAN” for a special bonus and be sure to stop by the forums and chat.