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Las Vegas welcomes WCC and MWC tournaments
03.04.2011 07:24 AM
Printer Friendly
Despite the NCAA not wanting its championships to take place in states that offer sports gambling, it has allowed various conferences to conduct their own postseasons wherever they so choose.
One of those destinations is Las Vegas
where the West Coast Conference and Mountain West Conference will hold their respective tournaments. The WCC actually plays its conference tourney in The Orleans Hotel and Casino.
"Playing at a member institution's facility, on UNLV's campus rather than a casino facility, negates a lot of, if not all, those concerns," he says. "Gambling is probably more closely regulated and better controlled in Las Vegas than in any other city."
The WAC did not ask the Orleans for the sports-book restriction on its games, Orleans general manager Tony Taeubel says. However, he says, "We would be happy to do that for
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Tags:
West Coast Conference
Mountain West
College Basketball
Las Vegas
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Rio Casino heist conducted by criminal masterminds
03.01.2011 11:08 AM
Printer Friendly
UPDATE
Just when you thought criminals couldn't get any dumber, we hear the
details of the recent botched robbery
at Las Vegas' Rio Casino. Apparently there were three men in on the take, one of which stole $33K in casino chips. The chip stealer owed $15K to another gentleman who claims he was not involved in the plot. The third guy decided it wise to use his own taxi cab as the getaway vehicle. During said getaway, the robber and driver chit-chatted about what took place which was must have been a hit down at the local precinct considering the conversation, as most in taxis, was being recorded. The driver then dropped the robber off at Terrible's Casino to meet with the guy claiming he wasn’t involved. Surprisingly, the robber, said by some to be a "leader in
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Las Vegas
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Las Vegas plays host to smartest criminals in the US
02.24.2011 09:33 AM
Printer Friendly
Seriously. What is with these people trying to rob casinos? And what is with them stealing chips? Another heist took place at the Las Vegas Rio this morning as a man wearing a fedora and fake moustache (of course) pulled a gun on a dealer and
ran off with $32K in chips
. His getaway you ask? A taxi. No word on whether or not he
dropped his cell phone
or
posted his exploits on Facebook
.
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Las Vegas
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New airline promises Vegas-in-the-air type atmosphere
02.23.2011 11:30 AM
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Gamblers from New York may find it much easier to get to Las Vegas starting this fall. LV Air has announced it will offer
four nonstop daily flights from JFK to McCarran
. The airline is expected to partner up with various Las Vegas casinos, which would purchase tickets for its best customers. Other perks include iPads, personal movie viewers, “direct to room" luggage service and holograms of celebrities explaining which exit to use in case you crash. Outside of the "high rollers", LV Air will also offer coach service with prices “comparable to those on major airlines". A Friday-Sunday round trip from New York to Las Vegas on United Airlines currently costs about $600.
"Seats to Las Vegas have been drastically reduced over the last three years by the major airlines. So we think we're filling a hole in demand, I think there is built-in demand in
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Billy Walters 60 Minutes segment helps Las Vegas charity
02.23.2011 08:01 AM
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Billy Walters’ favorite charity, Opportunity Village, saw a
huge spike in donations
following Walters' recent 60 Minutes segment on CBS. MGM President Terry Lanni reportedly donated $50,000. All told, Opportunity Village received around $65K more than their normal monthly output.
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Small increase in profit for Nevada casinos in 2010
02.10.2011 11:26 AM
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Nevada casinos saw a small
0.1% increase in profit
in 2010. The Nevada Gaming Control Board reported the casinos made $10.4 billion; up about $12 million from 2009. Revenues were down in Washoe, Elko and Clark counties but up 4.1% on the Las Vegas strip.
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Las Vegas wins again: Moves to 15-2 in last 17 Super Bowls
02.09.2011 01:46 PM
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Super Bowl XLV delivered a small profit for Nevada sportsbooks, but the bookies failed to crack the $1 million mark for only the fourth time since 1995. Over the last 17 years a total of $1.34 billion has been wagered on the Super Bowl in the state of Nevada. In the end, over those 17 seasons, the Sportsbooks have won $96 million.
We have charted the official statistics showing the total amount wagered and the corresponding wins and losses over the past 17 seasons as provided by the Nevada Gaming Control Board.
Las Vegas Sportsbook Super Bowl Profits Since 1995
Year
Matchup
Wagered
Net Profit
Win%
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
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%
Totals
$1,349,898,311
$96,054,617
7.10%
We asked Hilton sportbook director Jay Kornegay was exactly caused Vegas to lose out on Super Bowl XLII when the Giants upset the Patriots as 12.5-point underdogs. The answer was surprising as Kornegay said that most of damage came from the general public betting the Giants on the moneyline.
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Nevada sportsbooks barely profitable in wake of Super Bowl XLV
02.08.2011 02:31 PM
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The Nevada Gaming Control Board reported that there was $87.5 million bet on Super Bowl XLV throughout the state. The sportsbooks
made out with a mere $724K
thanks to the Green Bay/Over result.
"The big sharp money just never materialized because they never got value," he said.
"There wasn't anyone that lost anything mind-blowing," he said. "I think we were really worried about it being a loss -- it could have been worse."
"I can't say I've got a cheese head in my office right now," said Jay Kornegay, executive director of the race and sports book at the Las Vegas Hilton.
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Update: Las Vegas sports complex in the works
02.08.2011 09:40 AM
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UPDATE
Here is an update of the proposed downtown
Las Vegas sports complex
which could include a 17,500 seat basketball/hockey arena, 50,000 seat football stadium and 9,000 seat baseball facility.
UNLV wants to build multi-purpose arena
02.02.2011 11:43 AM
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Watch and win is about to get much cooler for residents of Las Vegas. UNLV has
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Increased betting options at Nevada sportsbooks
02.03.2011 06:49 AM
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The offshore world has had no issue posting odds on events with outcomes that are voted on but up until recently, betting on events such as American Idol of the Oscars was illegal in Las Vegas. The Nevada Gaming Commission felt these events were too easy to manipulate and unreliable as far as the process for which a winner was decided. That however is about to change as the
Las Vegas Sun reported today
that the NGC approved a measure that would allow Nevada sportsbooks to offer odds on non-sporting events such as presidential elections and reality TV.
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