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Seriously, just start the NFL season so we can bet please
07.22.2011 11:19 AM
Printer Friendly
The Hilton's
Jay Kornegay
is one of many excited to make the 2011 NFL season official. Unfortuantely,
not everything has been solved
just yet.
"There's no doubt about that," said Hilton Race and Sportsbook Director Jay Kornegay. "I had no idea when we started this summer that we had a chance of settling this thing by the end of July. We were thinking more of the 11th hour, like late August or early September. So, I'm very pleased, okay, surprised, relieved, that this work stoppage could be settled by the end of this month."
Tags:
NFL
Las Vegas
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Nevada Gaming Control Board discusses novelty bet requirements
07.22.2011 06:39 AM
Printer Friendly
The
Wall Street Journal
takes a look at Las Vegas' new move towards non-sporting event wagering. Mark Lipparelli of the Nevada Gaming Control Board says in order for an event to be approved it must first be "effectively regulated". He went on to state that talent shows like American Idol and Dancing with the Stars are not likely to pass because of the measure by which a winner is determined (i.e. general public vote).
He said other events, such as awards shows, some beauty pageants and financial-market moves are better candidates for wagering. Accounting firms oversee voting for major award shows and pageants and keep the results confidential, he said. Similarly, financial markets are overseen by regulators.
Tags:
Las Vegas
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Las Vegas sportsbooks offer odds on WSOP Championship
07.21.2011 07:31 AM
Printer Friendly
With the Nevada Gaming Control Board now allowing non-sporting event wagering, various Las Vegas sportsbooks are
offering odds
on November's World Series of Poker Main Event Championship.
"This is a great event for wagers," said Wynn Race and Sports Director Johnny Avello. "Not only will gamblers be betting on other gamblers, but non-gamblers who just have a love of poker and follow this event every year can get in on the action too."
Tags:
Poker
Las Vegas
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Las Vegas sportsbooks ready to roll when (if) lockout ends
07.18.2011 07:04 AM
Printer Friendly
Las Vegas sportsbooks eagerly await news that the
2011 NFL season
will take place. According to a few oddsmakers, once everything is in place, regular season over/under wins will be posted shortly thereafter.
"How can we put those up without knowing how many games there will be?" asks Bob Scucci, the boss at The Orleans and several other Boyd Gaming properties throughout the state. "You can't put up under 8.5 wins on a 10-game schedule."
"We've been thinking about them and are ready to go," he says. "We'd just need a couple of days to make minor adjustments."
"There are five or 10 players we need to make sure of their teams, like Kevin Kolb, before we are ready to offer numbers," says Salmons.
Tags:
NFL
Las Vegas
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Wynn becomes first Vegas sportsbook to offer non-sporting event wagers
07.07.2011 01:46 PM
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Yesterday, the Wynn Casino and Sportsbook became the first in Las Vegas to offer
event wagers on non-sporting events
. The Wynn posted odds on the upcoming World Series of Poker main event.
For the series' main event, the Wynn has begun accepting bets like whether a woman will finish higher than 40th in the male dominated tournament, and whether poker legends Johnny Chan, Allen Cunningham or Erik Seidel will win money in the event.
Avello said the bets were popular on Wednesday, and that he'd accept up to $10,000 wagers - enough to make money but not enough to make it reasonable for a player to throw the tournament given its pricey entry fee.
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Oddsmaker says betting of presidential election would be huge
07.06.2011 07:02 AM
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Lucky's oddsmaker
Jimmy Vaccaro
weighs in on novelty betting in Nevada as well as online poker's role in helping soften the laws against sports betting.
"Betting the Presidential election (in terms of handle) would make the Super Bowl look like a Bishop Gorman football game," Vaccaro said.
"I want poker to be like a blocking back for sports," Vaccaro continued. "Sports will take longer because of the federal regulations we have going back to the Wire Act."
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Jimmy Vaccaro
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Cantor Gaming inks deal with Venetian and Palazzo casinos
06.29.2011 08:28 AM
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The Las Vegas Sands casino
signed a long-term deal with Cantor Gaming
Tuesday. Cantor will operate the race and sportsbooks at the Sands' Venetian and Palazzo casinos. The Venetian was the first casino in Vegas to offer Cantor's mobile gaming devices. Cantor is expected to pour millions into the upgrade of the Venetian's sportsbook.
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Las Vegas sportsbooks fear NBA lockout
06.28.2011 07:35 AM
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As if worrying about whether or not there will be an NFL season wasn't enough for Las Vegas sportsbooks, now comes the potential for an
NBA lockout
.
"The local books will definitely be affected more than the Strip just because of that lost action during the week," said Coast Casinos sports book director Bob Scucci. "Our books are jumping nightly with NBA action during the week. When the Lakers play at 7:30, this entire sports book is packed with standing room only like a Monday night football game."
"Are we concerned? Yes, but it’s out of our hands. I would say (industry wide) the NBA represents about 13% of our handle. I don’t care what industry you’re in, you don’t want to lose 13% of it. We’re a big NBA house compared to others, but we still write more on college basketball. My guess is the college game represents around 20% of
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Macau and Singapore have become gambling meccas
06.07.2011 06:48 AM
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Back in 2006, Las Vegas was dethroned by Macau as the
Gambling Capital of the World
. Now it appears that Vegas will fall to No. 3 with Singapore projected to jump from $5.1 million to $6.4 million. Vegas took in $5.8 billion in 2010. Macau raked in a cool $23.5 billion last year with its growth expected to continue.
"It's going to be an extremely good year," in Singapore and Macau, he said. Casino revenue in Macau will probably grow 25% to 50% this year, Fahrenkopf said.
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Vegas oddsmakers talk 2011-12 NFL season
06.03.2011 01:00 PM
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Worried there won't be an NFL season? You aren't the only one.
Pro Football Weekly
checks in with Las Vegas oddsmakers Jay Rood (MGM), Jay Kornegay (Hilton) and Jimmy Vaccaro (Lucky's). The trio shares their feelings regarding the potential for an upcoming season and what sportsbook life will be like if things don't get worked out soon.
Vaccaro: "What you have going for you with (Sunday) is the absolute churn," he said, referring to the stream of bets taken by the book. "You've got multitudes of people running in there between 7:30 and 10 o'clock (a.m. Pacific). They sit down, bet their halftime bets and they stick around. And then they run up to the counter and cash their early bet or re-bet their second bet.
" ... We have 16 shots on Sunday, with 16 halftimes, 16 (first-half lines), 16 totals, 16 everything else. That's the great mix in booking — the more
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