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Super Bowl XLVI Gambling: Public supports the Giants, big bets made on the Patriots

02.03.2012     07:48 AM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas gears up for Super Bowl XLVI weekend. According to LVH oddsmaker Jay Kornegay, 62% of the tickets have come in on the New York Giants but the bigger bets have been on the New England Patriots. 


“This creates so much traffic. It’s the biggest and most important week for Las Vegas in my eyes,” he said. “It’s about more than just the game anymore; it’s coming here to experience the whole weekend. From the Hoover Dam to the Strip, everybody benefits.”

“About 62 percent of our tickets are on the Giants so far. But the bigger plays have been on the Patriots,” Kornegay said. “This is the one event that the public, small money outweighs the sharp, big money.”






Tags: NFL New England Patriots New York Giants Super Bowl XLVI Las Vegas




NFL Handicapping: 77-year-old Vegas man wins Station Casinos' Football Contest

02.02.2012     06:00 AM     Printer Friendly
SportsMemo.com blog entry.
Article on Las Vegas resident Ernie Carey, who at 77 years old won this year's Station Casinos' NFL Contest. Carey finished 180-65, 73% straight up to claim the title. The grand prize was apparently a $225K house.


“In the first week, I had every team but the (New England) Patriots, who lost to the (Buffalo) Bills after being ahead at halftime,” Carey said. “That’s kind of the way the year went.”

“When we get that money, it will replenish my gambling fund,” Carey said. “My wife said she wants to buy new furniture, but I want to have a little extra to gamble.”

“I bet on the Patriots to win the Super Bowl at the beginning of the playoffs and I got 5-2 (odds). So if they win, I’ll get $183. Then, I put $90 on the Giants and am getting three points,” he said. “So, if they keep in close, I’ll win both sides.





Tags: NFL Las Vegas




Super Bowl XLVI Gambling: Sportsbook says 65% of action on New York Giants

02.01.2012     12:26 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas' MGM sportsbooks are reporting that upwards of 65% of the money wagered on Super Bowl XLVI thus far has been on the underdog New York Giants. Perhaps not in play here, but consensus underdogs of above 60% have long been a betting fade no matter what the sport.


"At this point we are still getting some dog money, they are betting the Giants, and I think that will be the trend going into the weekend," Jay Rood, vice president of the race and sports book at MGM, told Reuters in a telephone interview.

"I am fairly certain that it's happening throughout the whole state (of Nevada) as well so I'm pretty sure the state is going to need a Patriots victory."






Tags: NFL Super Bowl XLVI New York Giants Las Vegas




British sportbook makes deal with Las Vegas gambling software firm

02.01.2012     11:14 AM     Printer Friendly
SportsMemo.com blog entry.
British sportsbook Ladbrokes joined the wave of foreign corporations eager to take advantage of the proposed legalization of online gambling in the United States. Ladbrokes spent $3 million for a 65% stake in Las Vegas-based gambling software designer Stadium Technology. Ladbrokes rival, William Hill, has spend upwards of $50 million in various US gambling related ventures.



Tags: Las Vegas




Las Vegas oddsmakers offer opinions on Super Bowl XLVI

01.31.2012     06:52 AM     Printer Friendly
SportsMemo.com blog entry.
Gaming Today got the opinions of some Las Vegas oddsmakers and local media members on Super Bowl XLVI. Nine of the 11 picked New England to win. LVH's Jay Kornegay was on board with the Giants and MGM's Jay Rood hinted that the game will go under.


Jay Rood, MGM Resorts – Patriots 24-23: I see a low scoring game with Brady executing a last minute drive to seal the game and his hall of fame credentials.

Mike Colbert, Cantor Gaming – Patriots 27-20: Brady and Belichick will be too much for the Giants in a double-revenge game.

Jay Kornegay, LVH Super Book – Giants 27-24: I think the Giants defensive momentum carries over into this game and frustrates Brady.

Bert Osborne, South Point – Patriots 31-20: I’ve seen the Giants look bad a lot more times this season than I have with the Patriots.

Bob Scucci, Coast Resorts – Patriots 27-24: I think this will be a closely fought game with no team getting too far ahead, just like their last Super Bowl and week 9 this year.

Read more


Tags: NFL New England Patriots New York Giants Super Bowl XLVI Las Vegas




Cantor Gaming takes over Palms Casino Resort sportsbook

01.27.2012     07:48 AM     Printer Friendly
SportsMemo.com blog entry.
Cantor Gaming received approval to take over the sportsbook at Las Vegas' Palms Casino Resort. Cantor is slated to begin operations by early February.


"We are delighted to have received regulatory approval quickly, enabling us to operate at Palms in time for March Madness, which is an exciting period for sports betting patrons," said Lee M. Amaitis, President and Chief Executive Officer of Cantor Gaming.  He continued: "We look forward to working with Palms and unveiling a spectacular new sports book later this year which offers sports betting fans a luxury, first class betting experience."





Tags: Las Vegas




Baccarat has become Las Vegas' big moneymaker

01.27.2012     07:26 AM     Printer Friendly
SportsMemo.com blog entry.
In terms of table games, Baccarat reigns supreme in Las Vegas. During the recent Chinese New Year celebration, it was reported that a few gamblers were playing $100K-$200K a hand at the MGM Grand. Baccarat accounts for nearly 60 percent of MGM's table game revenue. In Atlantic City, where there aren't as many high rollers, blackjack remains the most popular option.


“For us to make money in gaming today without baccarat is almost impossible,” said Debra Nutton, senior vice president of casino operations at the MGM Grand hotel-casino. “We need the big whales to make money.”

“Baccarat represents a small percentage of total table win at the Atlantic City casinos,” said Daniel Heneghan, a spokesman for the New Jersey Casino Control Commission. “Casinos here have never attracted the kind of big players, or whales, that Las Vegas has.”





Tags: Las Vegas




Las Vegas oddsmaker surprised by betting action on New York Giants

01.23.2012     07:54 AM     Printer Friendly
SportsMemo.com blog entry.
Wynn sportsbook director John Avello was surprised by the early money coming in on the New York Giants for Super Bowl XLVI.


“I’m a little bit surprised,” Wynn sports book director John Avello said of the early movement. “I think it was an easy number to make. I was thinking 4 the entire time with the Giants. I was thinking Patriots by 6.5 over the 49ers.”

“Everything was shaping up perfectly there before the David Tyree catch,” MGM Resorts International sports book director Jay Rood recalled last week. “We needed the favorite winning, but not covering. So, no, I think the Giants and Patriots would give us a great opportunity this year. The matchup would be great to drive interest.”





Tags: NFL New York Giants New England Patriots Super Bowl XLVI Las Vegas




Grantland reviews Las Vegas' Aria Casino sportsbook

01.20.2012     12:01 PM     Printer Friendly
SportsMemo.com blog entry.
Grantland's Bill Barnwell reviews the sportsbook at Las Vegas' Aria Casino.


In the end, Aria's the top book because it does more things right than anyone else. The Hilton might have more futures bets. Caesars might be bigger. The Wynn might feel more opulent. The Aria can compete with all of them, though, and it takes second place to nobody on comfort, food and drink accessibility, and television quality.





Tags: Las Vegas




Vegas buddies win this year's Hilton NFL SuperContest

01.04.2012     06:56 AM     Printer Friendly
Final recap of this year's Hilton NFL SuperContest. A group of Las Vegas friends took home the top prize of $320K on the strength of a 58-22-5 ATS record.


"We're a diverse group, so we all have a different point of view and way of handicapping, so we didn't have all favorites or all underdogs but a nice mix every week," Kannon said. The foursome each made a pick a week with one person charged with making two. "Paul was our leadoff man as 'the deuce,' and he also had the two plays in Week 17. I was the No. 2 hitter, James was in the three-hole, and Rob was the cleanup hitter."

"Everybody was watching the games with playoff spots on the line, and we were watching the sh---iest game cheering for the Jaguars," Oseland said.






Tags: NFL Las Vegas



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