Fantasy Aces Daily Fantasy Sports Corp.
TSX VENTURE : FAS
OTC PINK : FASDF

Fantasy Aces Daily Fantasy Sports Corp.

December 08, 2015 16:10 ET

Fantasy Aces Daily Fantasy Sports Corp. Provides NBA Update, Announces $250,000 NBA Live Event Championship, Retention of Compliance Advisor and Announces Investor Conference Call

ALISO VIEJO, CALIFORNIA--(Marketwired - Dec. 8, 2015) - Fantasy Aces Daily Fantasy Sports Corp. (the "Corporation" or "Fantasy Aces") (TSX VENTURE:FAS)(OTC PINK:FASDF) is pleased to provide an update on the 2015-16 NBA season. Fantasy Aces continues to record impressive year over year growth in multiple categories,. As well Fantasy Aces is announcing its USD$250,000 NBA Live Event Championship in March 2016.

NBA Operating Results

Fantasy Aces has delivered unprecedented growth since the start of the NBA season on October 27, 2015, in both contest entries and prize payouts, as well as gross revenues from game entries.

For the first six weeks of the NBA season, Fantasy Aces has had total prize payouts of over USD $1,100,000, an increase of 480 percent for the same period in 2014. Additionally, gross revenue increased 490 percent and game entries grew by 310 percent.

To better highlight this growth Fantasy Aces is proud to announce that they just completed their best weekend ever in terms of gross management fee earned and overlay. November gross revenue was in excess of US$200,000 eclipsing October by 78%. With the growth show above we expect December to be even better with positive overlay.

"November was obviously a huge month for us and we're seeing no signs of a slowdown" says Tom Frisina, CEO of Fantasy Aces. "Despite the macro headlines, our business continues to grow impressively and we are excited to showcase our growth to our investors in the coming months."

NBA Live Final

It will be the second consecutive year that Fantasy Aces will hold a live NBA championship event, and the event continues the Corporation's tradition of big-ticket live finals for all major sports.

The $250,000 Fantasy Aces Basketball Championship (FABC) will take place on Saturday, March 26, 2016, in San Diego, Calif., when 20 finalists will square off in a live one-day daily fantasy NBA contest with a USD$100,000 grand prize. Qualifying for the event will commence on Friday, December 11 at FantasyAces.com.

The 20 FABC finalists and their guests will enjoy a VIP weekend in San Diego, including luxury accommodations at the world-famous Hard Rock Hotel in the heart of the historic Gaslamp Quarter. In addition, FantasyAces will host a cocktail reception and San Diego Bay cruise aboard a private motor yacht on Friday afternoon, followed by a gourmet dinner buffet with downtown views from the Hard Rock's incredible rooftop venue.

On Saturday, the finalists will enjoy an invitation-only party with a red carpet reception and an abundance of drinks, delicious food and live NBA game action on flat-screen televisions. At the end of the night, the champion will earn the $100,000 grand prize as well as a luxury suite upgrade.

Compliance Advisor

Fantasy Aces is pleased to announce the retention of Stephen Crystal as its Regulatory Compliance Advisor. Mr. Crystal has nearly 25 years of experience as a legal advisor, casino owner/operator, and investor in numerous public and private Gaming Technology and Interactive Gaming companies worldwide. In addition, he has:

  • Been a licensed gaming and regulatory attorney for almost 25 years providing counsel to public and private gaming companies worldwide.

  • Provided financial, strategic, business and regulatory advisory services to companies within and outside the United States.

  • Held numerous gaming licenses as an owner/operator, supplier and Board member, including owner/operator licensed in the State of Nevada.

With the many proposed changes to the regulatory environment for the Daily Fantasy Sports industry, Fantasy Aces felt that the retention of Mr. Crystal will help ensure that the Corporation continues to be proactive in understanding and interpreting the changes to the industry and will ensure that the Corporation will be able to easily meet all the proposed changes in the coming months. Mr. Crystal's background and experience in the gaming and regulatory industries will be invaluable as the Fantasy Aces moves forward.

The company also wishes to announce that it will be holding an investor conference call on Wednesday, December 9, at 7:00 a.m. MDT. Details of the call are included here:

Participants Dial-in (local/toll-free): 1-416-340-2217/1-888-789-9572

Participant code: 1370125

During this call, Fantasy Aces Chief Executive Officer Tom Frisina and Director Dave Antony will be commenting on recent events related to the Daily Fantasy Sports industry in addition to recent corporate developments in the context of the business plan. Following those comments, Mr. Frisina and management will answer questions regarding the business of the company.

About Fantasy Aces

Fantasy Aces is a leading DFS (Daily Fantasy Sports) site focused on everyday skill-based fantasy sports games. Fantasy Aces has developed proprietary software which allows users to create fantasy teams from the player rosters of actual sports leagues and then use their teams to compete against other users in various categories such as points scored, yards gained, goals, assists or home runs registered, depending on the specific sport. The FantasyAces.com website offers daily and weekly skill based fantasy sports games for six major North American sports, including the NFL, NBA, NHL, MLB, College Football and the PGA. Fantasy Aces also offers a variety of entry fee contest options for its members to play, in addition to free roll tournaments to attract new members to the site. Fantasy Aces charges a management fee from all entry fees collected on the website.

Reader Advisory

Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"). By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, currency fluctuations, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Trading in the securities of Fantasy Aces Daily Fantasy Sports Corp. should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Fantasy Aces Daily Fantasy Sports Corp.
    Tom Frisina
    Chief Executive Officer
    (805) 565-7850
    tom@fantasyaces.com

    Fantasy Aces Daily Fantasy Sports Corp.
    Etienne Moshevich
    Investor Relations
    (604) 681-0084
    etienne@fantasyaces.com