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Gaming Control Board hits Cantor with $5.5 million fine

01.14.2014     11:29 AM     Printer Friendly
SportsMemo.com blog entry.
Earlier this week reports came out the Cantor Gaming (now CG Technology) was being fined $2 million by the Gaming Control Board for its connection to the Mike Colbert/Pinnacle fiasco. Well, it turns out the fine is a little steeper than $2 million. How about $5.5 million – which is apparently a Nevada record. Also, if you want you can read the official "complaint", here's the PDF (a few highlights below).


69. The Indictment also alleges Paul Sexton and Michael Colbert acted in concert to launder money which represented the proceeds of criminal conduct.

70. Paul Sexton placed approximately 4,464 wagers with CANTOR GAMING from July of 201 1 through October 24, 201 2. The total amount of these wagers was approximately $22,000,000.00.

71 . Paul Sexton only placed wagers for Gadoon Kyrollos with CANTOR GAMING. 

 




Tags: Las Vegas




Teddy Covers' Las Vegas Wise Guy Report: NBA Moneyburners!

01.13.2014     12:18 PM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last week, I took an in-depth look at five of the biggest moneymakers in the NBA through the first half of the season.  This week I’m going to focus on the teams at the other end of the spectrum – bottom feeders and disappointments.  I’ll break down the three biggest money-losers of the season thusfar.  And I’ll take a look at a ‘morpher’; a team playing significantly worse than current market projections.

I’ll start with the three teams that can be collectively called ‘the hopeless trio’.  It’s hard to make money betting on the very worst teams in any sport, and the NBA is certainly no exception.  And there’s no question who the very worst team in the NBA is this year, because they have both the worst SU record in the league (7-29) and the worst pointspread mark (12-24 ATS).  That team?  The Milwaukee Bucks!

Bucks head coach Larry Drew has never coached a bottom feeder before.  He walked into a good situation in Atlanta with the Hawks, who made the playoffs all three years that he was coaching the team.  Here in Milwaukee, the playoffs Read more


Tags: NBA Milwaukee Bucks Orlando Magic Philadelphia 76ers Miami Heat Teddy Covers Las Vegas




William Hill offers unique Super Bowl XLVIII prop bet

01.10.2014     01:57 PM     Printer Friendly
SportsMemo.com blog entry.
Las Vegas' William Hill sportsbooks are offering a unique opportunity for football bettors; an "exacta" pro bet on Super Bowl XLVIII's outcome. For example, taking Seattle to beat Denver would play out +325. There are 32 different combinations. For full odds, click here.



Tags: Las Vegas NFL Super Bowl XLVIII




Cantor Gaming changes its name to CG Technology

01.10.2014     07:44 AM     Printer Friendly
Perhaps tied to the recent $2 million fine handed down by the Nevada gaming regulators, Cantor Gaming has decided to change its name to CG Technology. CG also hinted that there will be a public offering upcoming.



Tags: Las Vegas




South Point's College Football Bowl Contest came down to BCS Championship

01.10.2014     07:32 AM     Printer Friendly
UPDATE

According to The Vegas Parlay, no one managed to go 16-for-16 in South Point's College Football Handicapping Contest. Picking games straight up, two contestants were 13-for-15 heading into the BCS Championship – one had Florida State and one had Auburn. The end result was a nice $50K payday.





South Point's College Football Bowl Parlay Contest

12.19.2013     08:14 AM     View Original Blog


Details on South Point’s $50K college football bowl parlay Read more



Tags: Las Vegas College Football




Cantor Gaming hit with $2 million fine

01.08.2014     01:46 PM     Printer Friendly
SportsMemo.com blog entry.
Looks like Cantor Gaming is being hit with a $2 million fine for not knowing and/or doing anything about former employee Mike Colbert's actions.


The complaint said the company or Lee Amaitis, chief executive of the Las Vegas-based sports-betting unit, known until this week as Cantor Gaming, knew or should have known that one of their top executives was taking illegal bets. According to the complaint, failure to supervise an employee sufficiently to prevent criminal activity violates Nevada gaming regulations. Cantor Gaming's failure to do so "tends to reflect poorly on the reputation of gaming in the State of Nevada" and could hurt development of the industry, the complaint said.






Tags: Las Vegas




Vegas poker player tips cab driver $10K for returning forgotten $300K

01.02.2014     08:02 AM     Printer Friendly
SportsMemo.com blog entry.
In keeping with today's Good Samaritan theme, here's another gem. An unnamed Las Vegas poker player left $300K in a cab and had it returned courtesy of the cab driver. He "tipped" the cabbie $10K for his nice deed.


"It's good enough, I really appreciate it," Gamboa said about the reward. "I wasn't expecting anything from the people I help. I never expect anything from the people I do good for, but I really appreciate it and that he appreciated what I'd done for him."






Tags: Las Vegas Poker




Teddy Covers' Las Vegas Wise Guy Report: Playoff bound, but Super Bowl XLVIII bound?

12.23.2013     07:23 AM     Teddy Covers     Printer Friendly
Submitted by Teddy Covers

SportsMemo.com blog entry.
Last year, heading into Week 17, Atlanta was the team to beat in the NFC, having already clinched homefield advantage with their 13-2 (at the time) record.  Washington was the hottest team in the conference and Green Bay was considered very live for the title, with Aaron Rodgers just one year removed from his Super Bowl ring.  In the AFC, the playoff were expected to be an eventual battle between the Patriots and Broncos, with the other four teams (Baltimore, Cincinnati, Houston and Indy) largely considered to be fodder for the elites; non-factors.

What happened? A San Francisco-Baltimore Super Bowl, won by the Ravens; their third straight postseason win as an underdog.  Let’s not forget that Baltimore entered the playoffs in the midst of a late season 1-4 SU and ATS skid; a team that NOBODY expected to make noise in January and February.

In 2011, in the NFC, Green Bay was the unbeatable juggernaut with a 15-1 record as the defending champs, and the Saints weren’t far behind, just one year removed from a Drew Brees Super Bowl ring.  Meanwhile, the Giants were on the outside of the playoff picture, needing to beat Dallas just to get Read more


Tags: NFL Teddy Covers Super Bowl XLVIII Las Vegas




South Point's College Football Bowl Parlay Contest

12.19.2013     08:14 AM     Printer Friendly
SportsMemo.com blog entry.
Details on South Point’s $50K college football bowl parlay contest. It is $10 per card and the bonus is you don't have to worry about those pesky pointspreads – nothing but straight up action, baby! Also be sure to check out The Vegas Parlay -- a great blog that covers the Las Vegas sportsbook scene.



Tags: College Football Las Vegas




Former Vegas gambling exec runs into trouble for playing at Pinnacle

12.05.2013     07:59 AM     Printer Friendly
SportsMemo.com blog entry.
Because of his ties to Pinnacle Sports, former Golden Nugget owner Timothy Poster had his application to work in the gaming industry rejected by the Nevada Gaming Control Board. Funny that despite residing in Las Vegas, Poster placed bets at Pinny simply because its limits were higher.


Burnett told Poster, "I've heard you're a really good guy. I like you personally." But the board cannot ignore these violations.

Board member Terry Johnson said he could not approve the license because of "his associations with certain persons" and his online wagering with an illegal sports betting service.

Johnson said he had "trouble accepting that you (Poster) did not know it was an unlawful act."






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, and Ian Cameron. 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.   Apr 16, 2014 06:05 PM.