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NBA Gambling: League won't place expansion team in Las Vegas

07.20.2015     08:31 AM     Printer Friendly blog entry.
An NBA expansion team in Las Vegas? Not likely.

"There are no obstacles whatsoever in terms of the city to us coming to Las Vegas," Silver said. "We had an All-Star Game here (in 2007). We chose to put our largest summer league here. We have never suggested the fact sports betting takes place legally in Las Vegas is an impediment to us coming here. The reception we have received from this community has been terrific.

"The ultimate issue is that we are just not in an expansion mode right now. It doesn’t mean that expansion will never be in our future, but it’s just not at the moment."

Tags: NBA Las Vegas

Aliante Sportsbook now offering sports betting app

07.08.2015     10:14 AM     Printer Friendly blog entry.
Las Vegas' Aliante Casino and Sportsbook announced the release of its own sports betting app. Unlike a lot of Vegas sportsbooks, Aliante offers reduced juice MLB lines. Shops like Stations, Coasts, and Mirage deal 15-cent lines or more on sides. According to our odds screen, Aliante offers eight-cent lines. We're unsure however if that is the going rate for all bettors or just the small player/general public.

Tags: MLB Las Vegas

Las Vegas' Cosmo says its closing Book & Stage sportsbook

07.03.2015     09:16 AM     Printer Friendly blog entry.
Las Vegas' Cosmopolitan is shutting down its Book & Stage sportsbook next week. 

“We are constantly looking to add unique and compelling experiences to the resort and will be announcing an exciting lounge concept over the next month in the former Book & Stage space,” resort reps said in statement announcing the closure.

Tags: Las Vegas

NFL Gambling: Westgate SuperContest announces changes for 2015

07.03.2015     09:12 AM     Printer Friendly blog entry.
The Westgate SuperBook announced some changes for the upcoming 2015 NFL SuperContest. One of which will be the top 50 entrants taking home cash.

"The SuperContest is more popular than ever and we expect another record turnout," Kornegay said. "It used to be that only those in Vegas and those really connected to the industry here knew about the contest and that you could enter from out of state. The more mainstream media like people on ESPN have talked about it and with more people learning about the contest through social media, that has led to these record fields. ... We don't know how big it can get."

Tags: NFL Las Vegas

IRS seeks tax form on winnings of $600

07.02.2015     08:01 AM     Printer Friendly blog entry.
Filling out a tax form when you hit a royal flush on a video poker machine is mildly annoying. It's about to get worse. The IRS is proposing that the winnings limit be dropped from its current mark of $1200 to a mere $600.

"I think it would have a big effect on the overall experience for slot players, as it's very common to have jackpots over $600, and now they'll actually have to stop play and wait for the attendant to come over," said Chad Beynon, who covers gaming stocks for Macquarie.

"That does a few things. First of all, it's just a pause in the game that causes people to lose their momentum and maybe decide to go home," he added. "Second, people want to walk away after what they consider to be a big jackpot, and whereas before they would have played a couple more hours and not left until they hit a bigger jackpot, this is kind of the government telling you that you just won a lot of money."

Tags: Las Vegas

Bettman says no way on Phoenix to Las Vegas move

07.01.2015     08:00 AM     Printer Friendly
So it seems at some point, Las Vegas is going to inherit an NHL team. But according to commissioner Gary Bettman, just don't expect it to be the Phoenix Coyotes.

Bettman told Morgan that the Post “was told the story was completely untrue. They ran it anyway. The story is garbage. Team is staying put.”

Tags: NHL Las Vegas

Las Vegas wants to offer skill-based slot machines

06.26.2015     08:30 AM     Printer Friendly blog entry.
Las Vegas gaming regulators are putting together a bill that will allow slots to feature "an element of skill." Essentially they are looking to spice up the slots scene with more arcade-like games

“Really, what we are looking at is attempting to steer the state onto a new path, onto a new road, in terms of gaming,” he said. “Everyone here knows that we need a complete reinvigoration of slot games.”

Tags: Las Vegas

Drunk guy owes Vegas casino $500K

06.18.2015     09:51 AM     Printer Friendly blog entry.
We'd be really interested to find out just how many gamblers win cases against casinos that allegedly feed them copious amounts of booze that result in a copious amount of debt. Here's one dude that got wasted and now owes the Downtown Grand $500K.

Tags: Las Vegas

NFL gets pissy over Fantasy Football convention in Las Vegas

06.10.2015     08:29 AM     Printer Friendly blog entry.
It doesn't get anymore NFL than this. A bunch of players were slated to host a Fantasy Sports event at a Las Vegas casino but the league stepped in and kiboshed the whole deal. The reason? Because it was slated to take place at a casino which is a no-no according to the league. The real reason, as pointed out by one of the slated attendees, Tony Romo, was of course money. The NFL makes a shit-ton of cash off of fantasy football but reportedly didn't stand to make a dime, hence the cancellation.

"There's just far too many cases and it does make it sound sometimes that it's an issue about money, which is disappointing because we were just trying to get the fans to hang out with players."

Tags: NFL Las Vegas

Las Vegas sportsbooks to take syndicate bets

06.09.2015     08:30 AM     Printer Friendly blog entry.
It was recently announced that Las Vegas sportsbooks will legally be able to take bets from "business" groups. It's an interesting move considering the number of operations that already limit individual players who win and/or bet big. The new law states that the group must maintain a bank account within the state of Nevada and are obviously subject to taxation.

"It will be a choice of the various books and their appetite for risk. The same way it is today," Lipparelli said. "They determine what level of risk they want to accept. It's their right to refuse service to anyone they wish, if they determine that somehow they feel that this is going to be too difficult, too risky for them, they may elect to stay out of it."

Tags: Las Vegas


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