Fall 2017 issue of Horizons

Online Skins Betting Online sports betting is only the tip of the iceberg as technology innovations in ESports have created a whole new kind of product to bet on. Skin betting has become a $7.4 billion dollar segment, which is almost double the amount of bets placed in Las Vegas sports books. Skins are virtual cosmetic items, like special weapons in Counter Strike Global Offensive, that are compared to other stand-ins for cash (casino chips, baseball cards). Skins are backed by cash value and exchanged on third-party websites. ESports enthusiasts use them to wager on the outcome of competitive video-game matches or casino games like roulette, and the transaction takes place solely online. Casino operators, game manufacturers and regulatory bodies have to prepare to evaluate and respond to disruptive technologies.

2017 Gaming Statistics AVAILABLE ONLINE

To view the publication, go to www.RubinBrown.com/Gaming-Stats

Having the right approach to preparedness for this technology and change will be critical to an organization’s long-term success. This will require an investment in education, training, new protocols, and procedures – all of which have to be approved by the regulators.

GAMING SERVICES GROUP

Many gaming operations throughout the nation seek out RubinBrown’s accounting, consulting and tax services. For more information, visit www.RubinBrown.com/Gaming .

Daniel Holmes, CPA, CIA, CGMA Partner & Practice Leader Gaming Services Group 702.579.7034 daniel.holmes@rubinbrown.com

Brandon Loeschner, CPA, CISA, CGMA Partner & Practice Leader Gaming Services Group 314.290.3324 brandon.loeschner@rubinbrown.com

Fall 2017

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