Chris Grove

Written by

Share on social media

Play in a new window

Sweepstakes casinos have been earning billions of dollars over the last five years, despite their shadowy legal status. Chris Grove, the co-founder of Acies Investments, explains why his firm, which includes former MGM Resorts Chairman Jim Murren, has invested in this vertical and explains why he thinks it’s not really gambling. He cites the fact that over 80 percent of players on sweepstakes casino sites never invest money and they have the same chances of winning real money as those who do. He compares them to social casinos, which are the root of the sweepstakes casinos. He spoke with GGB Publisher Roger Gros from his home office in December.