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December

21

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Nevada sportsbooks seek to get rid of federal tax

08.27.2014     08:42 AM     Printer Friendly
SportsMemo.com blog entry.
Ever wonder where exactly your tax dollars are going? Nevada's sportsbooks raised their hands on that one got a pretty interesting response. The IRS had no freakin' clue. Rep. Dina Titus is wanting to get rid of the tax and keep the money within the state.


“The IRS didn’t even know it existed,” Titus said. “The money just went into some black hole in the general fund. […] It can be reinvested into Nevada’s economy. Gaming is our lifeblood, and this is a drop in the bucket to Washington.”





Tags: Las Vegas




NHL is reportedly headed to Las Vegas

08.27.2014     06:13 AM     Printer Friendly
SportsMemo.com blog entry.
The NHL in Las Vegas? The NHL in Las Vegas! Reports are saying a team in Sin City is a "done deal" as the league looks to expands in the not-so-distant future. The Las Vegas Coolers, Blackjacks, and Dice were some of the team names Twitter came up with last night. We’ll go ahead and tell you right now that the nickname won’t have anything to do with gambling -- even though all three of those are pretty cool. Bank on something that relates to the desert, Area 51, the heat, or cowboys.


Sources close to the situation have indicated Las Vegas is a done deal, the only thing to be determined being which owner will be entitled to proclaim that he brought the first major league sports franchise to Sin City.





Tags: NHL Las Vegas




CG Technology upgrades sports betting app

08.14.2014     06:32 AM     Printer Friendly
CG Technology (Cantor Gaming) recently upgraded is sports betting app. The new version will allow users to place future, prop, and parlay bets.



Tags: Las Vegas




Online gambling needs interest from more states

08.08.2014     06:34 AM     Printer Friendly
SportsMemo.com blog entry.
By now you've heard of the ridiculous Restoration of America's Wire Act in which old goof Sheldon Adelson and his political minions are trying to completely shut down online gambling. That includes the states that just made it legal like Nevada and New Jersey. It's not like $290,000 is a lot of money to Adelson, but despite the fact that there is practically zero chance the Wire Act will be passed, that is how much money was thrown into the anti-online gambling cause during the second quarter. But even though Adelson's attempt to shut down everything will fall short, his efforts are certainly hampering those try to expand online gambling. One gambling analyst noted that in order for online gambling to go national, more states need to show serious interest.


“If more and more states would enact online gaming at the state level, I think at some point there would be more interest for a federal bill,” he said.

“The FBI has warned it will open the door to money laundering and other criminal activity,” Read more



Tags: Las Vegas




Phil Ivey attempts to bail illegal sports bettors out of jail

07.30.2014     08:17 AM     Printer Friendly
UPDATE

Phil Ivey and another unnamed poker pro reportedly attempted to post bail for the two men tied to the illegal sports betting operation that was taken down last month at Caesars Palace. The Feds weren't having it however with both men, Malaysian citizens, in line to be deported.





World Cup sports betting ring busted as Las Vegas casino

07.16.2014     07:47 AM     View Original Blog


Huge illegal sports betting ring taken down at Las Vegas' Caesars Palace. One of the accused is high-stakes poker player Paul Phua. You can watch Las Vegas' KLAS report Read more



Tags: Las Vegas




Las Vegas resident Pete Rose doesn't do the casino thing

07.16.2014     08:08 AM     Printer Friendly
SportsMemo.com blog entry.
In a recent interview, Pete Rose claimed no one in the Reds' clubhouse knew he was betting on baseball. He also said that despite living in Las Vegas, he never goes to casinos.


“Baseball, to me, is a better game if I’m in it,” Rose said, repeating a line from a 2012 interview with WFAN’s Steve Somers. “Because of my passion for the game and for my love of young players, and for the way I like to develop young players. When I managed the Reds from ’84 to ’89, nobody in that clubhouse knew that I was making a bet. Nobody.”

“There are some people that think I’m wrong when I drive by a race track,” he said. “Drive by it. Don’t stop in it. OK? I’m not a casino gambler. And if you don’t believe me, just have someone follow me around. I go to work every day, I get off, I go get me a Subway salad, I go home and watch baseball on TV. (I) never go in a casino.”






Tags: Las Vegas




World Cup sports betting ring busted as Las Vegas casino

07.16.2014     07:47 AM     Printer Friendly
Huge illegal sports betting ring taken down at Las Vegas' Caesars Palace. One of the accused is high-stakes poker player Paul Phua. You can watch Las Vegas' KLAS report here.



Tags: Las Vegas




LVH changes name to Westgate Superbook, upgrades to follow

07.14.2014     02:23 PM     Printer Friendly
SportsMemo.com blog entry.
Looks like the LVH has a new owner and a new name with the sportsbook now called Westgate Superbook. Westgate Resorts CEO David Siegel bought the property for an estimated $160 million. According to The Vegas Parlay, the sportsbook will receive a multiple upgrades, including a jumbo screen TV. This will have no impact on the upcoming NFL SuperContest.



Tags: Las Vegas




Teddy Covers' Las Vegas Wise Guy Report: AFC Season Over/Under Win "morphers"

06.23.2014     08:47 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Two weeks ago, I wrote about the seven NFC teams that are projected to improve or decline by two wins or more in 2014 based on the current market numbers for their season win totals.  I intended to write Part II of the article last week, talking about the four AFC teams that are also projected to improve or decline by two wins or more in 2014, but I got derailed by the College Football Game of the Year openers at the Golden Nugget; a “must report” event.  So, let’s just call it better late than never!

The markets are telling us to expect more of the same from 12 of the 16 AFC teams.  What makes these four squads different? My goal here is to focus on why these particular teams are expected to improve or decline significantly compared to last year.  I’ll do that by looking at how the broader market conditions affect the numbers.  What do the markets fixate upon?  What do they largely ignore?  Read on to find out. 

Kansas City Chiefs: 11-5 in 2013, O/U 8 wins in 2014
Last year in this space, I called the Chiefs coming off a truly dismal 2-14 campaign “the poster child for Read more


Tags: NFL AFC Kansas City Chiefs Cleveland Browns Cincinnati Bengals Houston Texas Teddy Covers Las Vegas




Sheldon Adelson is the worst kind of person

06.23.2014     08:36 AM     Printer Friendly
SportsMemo.com blog entry.
Article courtesy of The Verge reinforces our theory that Sheldon Adelson is an idiot.


"It’s [Adelson’s] ‘I’m rich and I’m right’ campaign," says Jan Jones Blackhurst, head of government relations at Caesars Entertainment, which supports online gambling. "That kind of scaremongering … is just counterproductive to the entire legitimacy of the industry. It’s confusing to everybody."

"This is a play from Adelson to put the final nail in the coffin of Caesars," he says. "Caesars wants internet gaming very badly."





Tags: Las Vegas



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Copyright © 2007 SPORTSMEMO, INC, 1-800-575-3069. Sportsmemo.com is the nation’s premier resource for sports betting and handicapping information. Get free football picks, free NFL picks, free college football picks, free baseball picks, free NBA picks, free college basketball picks, free hockey picks, free golf picks, and free soccer picks from the nation’s top handicappers. Sportsmemo's sports betting insight and analysis comes from some of the most respected sports handicappers in the sports gambling industry including Ted Sevransky (Teddy Covers), Brent Crow of Alatex Sports, Rob Veno, Erin Rynning, Otto Sports, Andrew Lange, Sammy P Sports, Ian Cameron, and Paul Stone. Listen to these handicapping experts daily on the Sportsmemo Radio Show from Noon-2 pm PST on Fox Sports 920AM in Las Vegas and the web at Sportsmemo.com.  Missed the Sportsmemo Radio Show?  Past shows are available on Sportsmemo.com's radio archive page. Looking for daily sports betting tips and sports betting advice on the MLB, NBA, NCAA, NFL, NHL, AFL, and PGA? Check out the interactive sports betting posting forum, matchup statistics, power ratings, expert handicapping blogs, and original sports betting articles from the Sportsmemo team that specializes in sports information from a pointspread perspective at Sportsmemo.com.   Dec 21, 2014 04:47 AM.