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Gambling Update: More details on drunk gambler who lost $500K

03.07.2014     08:00 AM     Printer Friendly
UPDATE

At 52 years old, you should have experienced the following stages of drunkenness: buzzing, tipsy, drunk, hammered, and someone should probably call a doctor. And yet the gambler who lost $500K claims it was the responsibility of the casino to monitor his intake and eventually cut him off. Oh, and he takes prescription meds that enhance the effects of alcohol – something the casino was allegedly aware of.


"This is about you almost killing me," Johnston said. "What if I had gone to bed that night, with all those drinks in me, and I threw up on myself and I choked and died?"

"To her shock, after sleeping for seven to eight hours, (Johnston's female friend) found Mr. Johnston still gambling at the blackjack table, and still heavily intoxicated, late in the afternoon of January 31, 2014," the suit said.







Read more



Tags: Las Vegas




Drunk gambler attempting to sue casino over losses

03.06.2014     08:22 AM     Printer Friendly
SportsMemo.com blog entry.
Dude walks into a Las Vegas casino. Dude gets hammered on comped drinks. Dude proceeds to lose $500K. Dude sues casino.


"It's certainly an extraordinary case. This is not a story that I've ever heard before, where someone was blackout intoxicated where they couldn't read their cards, and yet a casino continued to serve them drinks and issue them more markers," Lyttle said. "It's a very heavy-handed and unusual approach that we haven't seen in this town in a long time."






Tags: Las Vegas




Ex-boxer in trouble for unpaid gambling markers

03.03.2014     11:30 AM     Printer Friendly
SportsMemo.com blog entry.
Former boxer Antonio Tarver is in hot water for a slew of stuff including a massive gambling debt at Las Vegas' Wynn Casino. Tarver, 46, was last seen playing Mason "The Line" Dixon in the 2006 Rocky reboot.

 




Tags: Las Vegas




Las Vegas sportsbooks gear up for March Madness

02.27.2014     01:58 PM     Printer Friendly
Nice breakdown by The Vegas Parlay of all of the sportsbook party options for March Madness.




Tags: College Basketball Las Vegas




Las Vegas sports betting pool gets taken down

02.12.2014     11:41 AM     Printer Friendly
Incredible read courtesy of Betting Talk about a massive Las Vegas sports betting pool not paying out its winners.


“I kept hoping that this guy who ran these great pools and was so responsive in his emails wouldn’t have screwed all of these people over like that,” said one contestant who asked to remain anonymous. “But then I thought what the hell does he have to lose? Of course he had about $600k in his possession of other people’s money, so why not just run with it?”







Tags: NFL Las Vegas




A day in the life of a Las Vegas sportsbook

02.12.2014     07:42 AM     Printer Friendly
SportsMemo.com blog entry.
Good article on FOX Sports that centers around sports betting in Las Vegas and LVH's head oddsmaker, Jay Kornegay.


“We basically sell integrity,” Kornegay said. “We have to have integrity of these games, because if we lose that, we don’t have a product to sell. …I’m not saying we’re best friends because we certainly have our differences, but we are on the same side. They want to protect their product and we want to protect their product. We want to make sure that these games are fair and true. If there’s any kind of tampering, we want to report it just as much as they want to.”

“There are similarities between the two, sure, but (with gambling) the rest of the world has already legalized it and there’s proof that people already want it,” Kornegay said. “In my eyes, it’s a safer way to handle sports gambling, because you can’t do it on credit. If you bet through a bookmaker on credit, that’s how you get in trouble. If it was legalized,

Read more



Tags: Las Vegas




Las Vegas policy doesn't allow gambling on Olympics

02.06.2014     02:10 PM     Printer Friendly
Article courtesy of Linemakers on why betting on the Olympics is not allowed in Las Vegas. Meanwhile, you get down on anything from ice dance to curling futures at offshore sportsbooks like Pinnacle.


"Don't think that the Nevada Gaming Control Board doesn't want to be bothered," said Avello, "because they do listen and want to do what's best for the state, but they need to know every angle of each separate case. I would love to book (Olympic) hockey, and while I could probably prove that a large portion of the players are professional players, there are a handful of those players that are actually amateur that I might not be able to prove."



copy_pinnacle_olympics.JPG





Tags: Las Vegas




Steve Wynn teams up with Sheldon Adelson for anti-online gambling crusade

02.04.2014     07:27 AM     Printer Friendly
SportsMemo.com blog entry.
So now we have not one but two filthy rich, old, delusional casino execs saying no to online gambling.


“This is not a good entrepreneurial opportunity,” Wynn, who knows a little bit about entrepreneurship, said. “Where is the business opportunity? The big problem I see is I don’t see the government letting us keep the money.”

“(Legalizing web gaming) can’t get through the House of Representatives,” Wynn said. “They can’t agree on anything, especially something this esoteric.”







Tags: Las Vegas




Las Vegas sportsbooks rake in $19.6 million on Super Bowl XLVIII

02.04.2014     06:16 AM     Printer Friendly
Super Bowl XLVIII proved to be a profitable one for Las Vegas sportsbooks – and by profitable, we mean they absolutely crushed. A record $119.4 million was wagered and the books won $19.6 million – a ridiculous 16.5% return. It could have been worse had the first score of the game not been a safety.

Las Vegas Super Bowl Profits 1995-2014
Year
Matchup
Wagered
Net Profit
Win%
2014
Seattle 43, Denver 8
$119,400,822
$19,673,960
16.5%
2013
Baltimore 34, San Francisco 31
$98,936,798
$7,206,460
7.30%
2012
NY Giants 21, New England 17
$93,899,840
$5,064,470
5.40%
2011
Green Bay 31, Pittsburgh 25
$87,491,098
$724,176
0.83%
2010
New Orleans 31, Indianapolis 17
$82,726,367
$6,857,101
8.30%
2009
Pittsburgh 27, Arizona 23
$81,514,748
$6,678,044
8.20%
2008
NY Giants 17, New England 14
$92,055,833
($2,573,103)
-2.80%
2007
Indianapolis 29, Chicago 17
$93,067,358
$12,930,175
13.90%
2006
Pittsburgh 21, Seattle 10
$94,534,372
$8,828,431
9.30%
2005
New Engand 24, Philadelphia 21
$90,759,236
$15,430,138
17.00%
2004
New England 32, Carolina 29
$81,242,191
$12,440,698
15.30%
2003
Tampa Bay 48, Oakland 21
$71,693,032
$5,264,963
7.30%
2002
New England 20, St. Louis 17
$71,513,304
$2,331,607
3.30%
2001
Baltimore 34, NY Giants 7
$67,661,425
$11,002,636
16.30%
2000
St. Louis 23, Tennessee 16
$71,046,751
$4,237,978
6.00%
1999
Denver 34, Atlanta 19
$75,986,520
$2,906,601
3.80%
1998
Denver 31, Green Bay 24
$77,253,246
$472,033
0.60%
1997
Green Bay 35, New England 21
$70,853,211
$2,265,701
3.20%
1996
Dallas 27, Pittsburgh 17
$70,907,801
$7,126,145
10.10%
1995
San Francisco 49, San Diego 26
$69,591,818
($396,674)
-0.60%
 
 
$1,662,135,771
$128,471,540
7.72%





Tags: NFL Super Bowl XLVIII Las Vegas




Super Bowl XLVIII Gambling: Las Vegas sportsbooks clean up

02.03.2014     07:58 AM     Printer Friendly
SportsMemo.com blog entry.
Outside of the safety to open Super Bowl XLVIII, everything went right for the Las Vegas sportsbooks.


“The patrons went 0-2 — crappy game and lost money,” William Hill sports book director Nick Bogdanovich said. “It was a good day for the books.”

“That safety was a torch job,” Bogdanovich said. “It’s not a fun way to start off the day, getting six figures in the hole.”

“We were down $62,000 on the first play of the game,” Vaccaro reported. “We got dinged pretty good on that one, and a few others as the game went on.”







Tags: NFL Super Bowl XLVIII Las Vegas



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