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Floyd Mayweather wasn't afraid to fade Tim Tebow

12.29.2011     01:33 PM     Printer Friendly
SportsMemo.com blog entry.
Even with an impending trial (one that resulted in a 90-day sentence), Floyd Mayweather still found time to indulge in his favorite pastime – placing massive sports bet at Las Vegas’ M Casino. Mayweather's most recent wager was the old Always Bet on Brady/Tim Tebow Fade, which according to reports was a $1 million winner.



Tags: Las Vegas




Nevada at the forefront of the crusade for legalized online gambling in the U.S.

12.28.2011     01:59 PM     Printer Friendly
SportsMemo.com blog entry.
Two articles from the Las Vegas Sun on Nevada's step towards legalized online gambling and the important role the Council on Problem Gambling could have in getting other states to join in.


“If there are 1.7 million people in the state who are old enough to play legally, that represents a pretty good market to pursue,” he said after regulators unanimously approved the new online poker rules.

“Nevada was condemned by every other state for legalizing an activity that was criminalized in all those states,” Faiss said. “The goal of the federal government was to wipe out our gaming industry. It is not unreasonable to say that without Nevada’s commercial and regulatory success with respect to casino gaming, there would be no gaming industry today in the United States and little anywhere else.

“Now, Nevada gaming control and industry it governs are recognized as world Read more



Tags: Las Vegas




Gaming Commission to decide fate of Las Vegas Hilton

12.15.2011     07:28 AM     Printer Friendly
UPDATE

Update on who is going to take over the operations of the financially struggling Las Vegas Hilton – which will be changing its name to LVH (Las Vegas Hotel & Casino) starting in 2012.





Las Vegas Hilton on life support after declines in revenue

08.26.2011     08:31 AM     View Original Blog


The Las Vegas Hilton may be on its way Read more



Tags: Las Vegas




Las Vegas oddsmakers recap NFL Week 14

12.13.2011     12:27 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas oddsmakers discuss last week's NFL results. Lucky's had a prop bet on whether or not the Packers would go undefeated. After Sunday's win, they decided to take it down with the last available price -140 on "yes".


"The Green Bay game did all the damage on the day and built a large piece of liability heading into the Giants game," said MGM Resorts sports books director Jay Rood. "When the Falcons came back against the Panthers and the Saints held on to win by 5 over the Titans, that was pretty much the day for us."

"We’d have to make the number too high with only three games to go and it looks too easy now for them," said Vaccaro, "No one is going to stop this team now."





Tags: NFL Las Vegas




Really rich casino exec doesn't like the idea of online gambling

12.07.2011     01:26 PM     Printer Friendly
SportsMemo.com blog entry.
Sheldon Adelson, the 78-year-old CEO of the Las Vegas Sands Corp., says that he is “morally opposed” to online gambling. Adelson's reasoning? Technology isn't sophisticated enough to prevent kids from betting online. This of course is just one man's opinion. That man though happens to be worth over $20 billion and dudes like that tend to have a lot of pull. The rest of the Sands Corp. has yet to offer an official opinion on the matter.


"Sheldon has long had concerns about this issue, and it is perfectly within his right to make this decision," Fahrenkopf said in a statement. "However, the AGA, at the direction of our board of directors, will continue to support federal legislation to allow states to license and regulate online poker." 





Tags: Las Vegas




Antoine Walker ordered to pay back debt to Vegas casinos

12.06.2011     10:59 AM     Printer Friendly
SportsMemo.com blog entry.
Antoine Walker had better start getting in shape because he'll need to play a lot of NBDL games to cover the $770K debt he owes to multiple Las Vegas casinos. 


As part of a deal struck with prosecutors, Walker will have to pay back $770,050 in restitution to the casinos and is prohibited from gambling. He was also given a one-year suspended sentence, which would go into effect if he fails to meet the terms of his probation.





Tags: Las Vegas




MGM goes after poker websites that use its brand

12.02.2011     12:35 PM     Printer Friendly
SportsMemo.com blog entry.
MGM Casino is suing a host of people/companies who previously created website domains using MGM-type names. For example, someone from Zimbabwe registered ariapoker -- Aria Casino is owned by MGM. A gentlemen from Texas owns excaliburpoker.com -- Excalibur Casino another MGM property. Some of these site though were created as early as 2002, yet MGM never said a word until now. The reason is obvious. With the potential for legalized online poker in the near future, MGM wants to make sure there is no question as to where people should go for their online gaming needs.


“The defendants have or have had a bad faith intent to profit from their registration of the domain names,” charges the suit, which alleges the defendants have been involved in either “cybersquatting” — the use of other’s trademarks to earn a profit online — or trademark infringement, or in some cases both.





Tags: Las Vegas




Alledged beard for Billy Walters indicted on sports betting probe

12.01.2011     06:15 AM     Printer Friendly
SportsMemo.com blog entry.
You'll get a kick out of this one. Robert Walker, who happens to be a sports bettor and may or may not be connected to Billy Walters, was indicted by a federal grand jury for what they are calling "...causing a domestic financial institution to fail to file an accurate currency transaction report." The Feds say Walker was making bets for Walters' Acme company. Walker says no way. The Feds/IRS then tried to get Walker to rat on Walters to no avail.



Tags: Las Vegas




Cantor Gaming inks deal to run The Palms' sportsbook

11.30.2011     12:26 PM     Printer Friendly
SportsMemo.com blog entry.
Cantor Gaming signed a deal to run The Palms' sportsbook which will begin renovations following the college basketball season. The new venue is expected to open by the start of the 2012 football season. Cantor's mobile in-game wagering will be offered.


"We look forward to transforming the race and sports book into a formidable space that encompasses exquisitely stylish designs and the latest mobile gaming technology, complementing the rest of the property," Cantor Gaming President and Chief Executive Officer Lee Amaitis said in the news release.





Tags: Las Vegas




Bank robber stinks at gambling, forced to turn self in after going bust

11.17.2011     02:58 PM     Printer Friendly
SportsMemo.com blog entry.
Let's assume for a second you manage to pull off a bank heist. Better yet, how about two in five days? You would probably consider yourself very fortunate and want to ensure that your "earnings" would last so you wouldn't have to tempt fate with yet another bank robbery. Meet New Hampshire resident Timothy Burke (pictured left), who by all accounts is a solid game planner. He robbed a bank (the same one) twice in five days – albeit for a modest $6K payday. Following his accomplishments, Mr. Burke took a bus (isn’t Atlantic City much closer?) to Las Vegas where as you probably already suspected, proceeded to gamble all of said earnings away. Broke and on the lam, Burke decided it best to turn himself into police where he was arraigned for felony armed robbery. He was already out on bail for possession of heroin and pot. Nice.



Tags: Las Vegas



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