The Citizen Recommends: The Future of Sports Tech & Sports Betting Conference
The Citizen Recommends: The Future of Sports Tech & Sports Betting Conference
Venture capitalist Wayne Kimmel and former Phillie Ryan Howard look to make the burgeoning sports betting industry their own
Jun. 23, 2018
Peripatetic venture backer Wayne Kimmel is e'er in search of the next new thing. That's what drove him in 2000, when he was amid the first investors in a platform that delivered eating house food to your door. It was called SeamlessWeb, and today information technology's traded on the New York Stock Substitution as GrubHub . And that'due south what he was thinking when he invested in Have Intendance Health, which Walgreen'southward bought and turned into their in-store health clinics in 2006. So information technology should come as no surprise that, in the wake of the Supreme Court's determination to overturn the 1992 federal law that made sports betting illegal in every land except Nevada, there's Kimmel again, focused on figuring out the future.
Tomorrow, SeventySix Capital , the firm Kimmel runs with partners Jon Powell, the former owner of the King of Prussia Mall, and former Phillie All-Star Ryan Howard, will host The Futurity of Sports Tech and Sports Betting Conference at the Prince Theater.
The conference, in partnership with Arizona Country Academy's Global Sports Plant, run by former Wharton Professor Ken Shropshire , is just the latest manifestation of Kimmel'southward latest large bet. While headlines relate athletes and their political activism, Kimmel believes something else is also happening, which he's intent on funding: Athletes are flexing their muscles in the boardroom, likewise, and finding bottom-line and social bear on returns.
"The vision for u.s. is that athletes accept more than than but financial capital, they have social capital," Kimmel said on Saturday, while on his way to another sports and business organization result with Howard and the Eagles' Zach Ertz. "They help companies open doors, they take online followings, and the passion, drive and resiliency they've used to succeed on the field are the same traits needed to brand it equally an entrepreneur."
Who better, and then, Kimmel argues, to seize on the burgeoning sports betting industry and shape it to change the earth? Exactly how is the brainstorming that will take place tomorrow.
"Sports betting is a new $200 billion industry," says Kimmel. "Yeah, the big casinos are the get-go to accept advantage of it. But nosotros believe nosotros'll be finding the Facebooks and Googles of the sports betting industry. Ryan and I want to detect them, and invest in them."
The conference will feature those that Kimmel already sees as game-changing, like Philly-based N3rd Street Gamers—esports are exploding—and Shot Tracker, a technology that turns a basketball court smart, with sophisticated mapping of every motility on it. "The globe of sports is irresolute in ways that are hard to predict," Kimmel says. "Just that's the fun of it."
Adding to Kimmel's breathless prognosticating will no dubiousness be Shropshire's shrewd social commentary. They'll make an interesting pair, salesman Kimmel with his predictions, and academician Shropshire with his "what it ways for club" big-picture musings.
The Future of Sports Tech and Sports Betting Conference, Tuesday, June 26, 8:30 am-11:30 am, $99, Prince Theater, 1412 Chestnut St.
Source: https://thephiladelphiacitizen.org/the-citizen-recommends-the-future-of-sports-tech-sports-betting-conference/
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