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October

21

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Vegas sportsbooks happy to see San Francisco's win over New England

12.17.2012     01:21 PM     Printer Friendly
SportsMemo.com blog entry.
San Francisco's win over New England and Detroit's egg at Arizona helped Las Vegas sportsbooks turn a profit for Week 15.


"The Lions losing was huge for us," said Osborne. "You basically had two teams playing for nothing, both on long losing streaks, but the public all sided with the Lions and their offense. The Cowboys’ overtime win against the Steelers was also good for us. It was the last posted event for us and all the major liability from the day made the Steelers a pretty big loss for us."

"Everything we won on the day would have been given back had the Patriots covered the spread," said South Point sports book director Bert Osborne.





Tags: NFL Las Vegas San Francisco 49ers Detroit Lions




Nevada's push for online poker goes stagnant

12.17.2012     06:56 AM     Printer Friendly
SportsMemo.com blog entry.
You can stop holding your breath, legalized online poker in Nevada will have to wait until at least 2013. Great read on the current situation courtesy of the Las Vegas Sun.


“As much as I would prefer a different outcome the reality is that we have simply run out of time in the legislative calendar to pass an Internet poker bill," Reid said. "I am disappointed but Senator Heller and I remain committed to this issue and it will be a priority for us in the new Congress.”

“I think this is sort of typical of politicians: It’s never Congress’ fault that they didn’t get their act together; there’s always some other reason,” said Alan Feldman, spokesman for MGM Resorts International, a member of the AGA. “If you’re a Democrat, it’s the Republicans’ fault; if you’re a Republican, it’s the Democrats’ fault; and if you’re trying to toe the line with both, it’s someone else’s fault. If someone wants to use that as an excuse Read more



Tags: Las Vegas




Las Vegas sportsbook betting kiosks compromised

12.04.2012     07:51 AM     Printer Friendly
SportsMemo.com blog entry.
Looks like some bettors took advantage of a few glitches in Leroy's betting kiosks.


The scheme, discovered during the NCAA men's basketball tournament in March, involved exploitation of a weakness in the kiosks. The schemer or schemers would repeatedly hit the deposit button on the kiosks immediately after inserting cash, causing the wagering account to be credited for twice the amount of cash inserted. This resulted in ''cash on hand'' shortages in the accounting journals for the affected kiosks, the regulatory complaint says.






Tags: Las Vegas




Las Vegas sportsbooks are allowed to lay off bets at other books

11.30.2012     07:02 AM     Printer Friendly
SportsMemo.com blog entry.
Interesting interview with Sporting News and the Nevada Gaming Control Board's Chief of Enforcement. One question that a lot of folks are curious about is whether or not sportsbooks can lay off bets at other sportsbooks. Apparently they can, but not offshore and they must identify their intentions when doing so.



Tags: Las Vegas




Train route between Los Angeles and Las Vegas in the works

11.26.2012     08:17 AM     Printer Friendly
SportsMemo.com blog entry.
Introducing the X Train, a proposed railroad route between Southern California and Las Vegas. For $99 each way, you can hop on train in Fullerton, roll with your bros to Vegas, drink as much as you can, maybe win a few bucks, and pass out on the ride home all without having to deal with pulling your car over nine times so your buddy Steve can dry-heave in the desert.


"The whole idea is when you get on a train, you feel like you're in Las Vegas," said Michael Barron, president and CEO of the $100 million venture that hopes to launch its maiden voyage on New Year's Eve 2013. "It's essentially a nightclub on wheels."





Tags: Las Vegas




Everything you need to know about online poker in Nevada

11.19.2012     12:15 PM     Printer Friendly
SportsMemo.com blog entry.
Good article from the Las Vegas Sun about the details of Nevada's push for online poker.

 

Without federal action, Internet poker likely will be approved and regulated on a state-by-state basis, like the lottery. Poker operators likely will face different rules and taxes by state. There will be no federal oversight, and Nevada regulators may not play the important regulatory role Reid envisioned.






Tags: Las Vegas Poker




UNLV students learn ins and outs of gaming industry

11.12.2012     08:22 AM     Printer Friendly
SportsMemo.com blog entry.
Everyone knows that 90% of the classes you took in college were pointless. But UNLV is offering classes that are not only cool but ones that better prepare students for a career in the gaming industry. Good read courtesy of the Las Vegas Sun.


"We're not teaching students how to gamble," insists UNLV gaming professor Gary Waters, who teaches introductory classes in the gaming lab. "We're teaching students how to manage casinos. This is really important for the gaming industry."

"Our primary objective is so students can relate academic information to actual table games and slots, and get some operational experience," Waters said. "The more they get involved, playing it and dealing it, the better they perform in their internships and the more successful they are in their careers."

"The landscape has changed in the last few years," Waters said. "There are more college-educated executives leading these casinos. Education is more highly recognized in Read more



Tags: Las Vegas




UFC's Dana White cuts ties with The Palms after gambling credit cut in half

10.29.2012     11:20 AM     Printer Friendly
SportsMemo.com blog entry.
UFC President Dana White just pulled the plug on all future events at Las Vegas’ The Palms Casino Resort. The reason? The Palms cut White’s gambling credit line by 50 percent. White has a strong reputation as not only a big spender/gambler but also a tremendous tipper.



Tags: Las Vegas




Dude who stole $1.6 million in chips from Las Vegas casino still at-large

10.26.2012     12:30 PM     Printer Friendly
SportsMemo.com blog entry.
These Las Vegas chip stealing stories never get old. Meet Akingide Cole, a California man who made off with $1.6 million in chips from the Venetian. It wasn't exactly a smash-and-grab job. He walked into a closed area of the casino, grabbed the chips, and left. Authorities are still searching for Mr. Cole who was described as having "a large fibrous growth on his left earlobe." At least they know not to look for anyone with an attractive looking girlfriend.



Tags: Las Vegas




South Point nears online poker website launch, hiring new positions

10.15.2012     01:38 PM     Printer Friendly
SportsMemo.com blog entry.
If you live in Las Vegas and are currently looking for a job, South Point is looking to fill positions for its real-money online poker website. According to South Point, it is already prepared to go "live" but the launch date has been pushed back to later this year. Positions include marketing, customer service, compliance and IT. Salaries range from $25K to six figures.


"We feel we could launch today," Vaughan said. "But you’ve got to go through the independent testing labs, you have to satisfy the State Gaming Control Board and because we are the first, we’re going to be under the microscope. They’re going to prod us every which way, and that’s good. We don’t want to Read more



Tags: Poker Las Vegas



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