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NBC 10: Dave & Buster's to allow customers to bet on arcade games


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Arcade giant Dave & Buster's is taking its games to a new level by offering social wagering on its app.

 

Customers can soon make a friendly $5 wager on a Hot Shots basketball game, a bet on a Skee-Ball competition or on another arcade game. The betting function, expected to launch in the next few months, will work through the company's app.

 

Dave & Buster's, started in 1982, now has more than 222 venues in North America, offering everything from bowling to laser tag, plus virtual reality. The company says it has five million loyalty members and 30 million unique visitors to its locations each year. The company's stock is up more than 50% over the past year.

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Robbins and Madding saw the incredible growth of legal sports betting, but sought to capitalize on the recreational wagers taking place between peers. The company has raised about $14 million with investors that include billionaire investor Marc Lasry, former and current professional athletes John Isner and Julie and Zach Ertz, along with the Raptor Group and SeventySix Capital.

 

"We're creating a new form of kind of a digital experience for folks inside of these ecosystems," said Madding, Lucra's chief operating officer. "We're getting them to engage in a new way and spend more time and money," he added.

 

Lucra says its skills-based games are not subject to the same licenses and regulations gambling operators face with games of chance. Lucra is careful not to use the term "bet" or "wager" to describe its games.

 

"We use real-money contests or challenges," Madding said.

 

Lucra's contests are only available to players age 18 and older. The contests are available in 44 states.

https://www.nbcphiladelphia.com/news/business/money-report/dave-busters-to-allow-customers-to-bet-on-arcade-games/3845414/?_osource=SocialFlowTwt_PHBrand

 

 

You're not a real gambler until you're down bad on a 5 game skeeball parlay 

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26 minutes ago, Skins24 said:

At some point, we're going to run out of things to bet on...

 

Anyone want to bet on when that happens?

All I know is I need a few presidents to move on to a better place…. 😬.

 

 

Customers bet five dollars to win 4 dollars.

 

Seriously, if you are going to bet your friends just use the iou system…

 

edit: I just realized if I win I still lose 😢😢😢

Edited by CousinsCowgirl84
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5 hours ago, Skins24 said:

At some point, we're going to run out of things to bet on...

 

Anyone want to bet on when that happens?

 

I'll give you 3 to 1.

5 to 1?

10 to1?

Done!

I'm gonna get ya, I don't know how but I'm gonna get ya.

  • Haha 1
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Just now, Spaceman Spiff said:

This is kinda gross.

It's also just very weird. 

 

Even assuming that somebody wants to bet $5 on a game of skeeball, what idiot is going to let D&B take a cut of that?

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Too bad they don't have games like Street Fighter and Mortal Kombat at D&B anymore.  It's all basically all random redemption stuff and big racing games that are also like 90% luck and auto-pilot games.  At least the basketball and skeeball games are games of skill.

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2 hours ago, China said:

People still go to Dave & Busters? I thought they went belly up already.

 

Well per the article their stock is up 50% in the last year so apparently not. Family Entertainment Centers like them are actually booming 

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