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Feds take down another illegal sports betting operation

11.28.2012     06:45 AM     Printer Friendly
Jacktrade LLC, a defunct Las Vegas company, recently pleaded guilty to running an illegal offshore sportsbook. The case, which has been going on since 2006 (seriously?) is unrelated to the Mike Colbert/Cantor/Pinnacle bust.

"This allows Michael to claim gambling losses that were not his own and to create a tax windfall (generally in excess of $1 million) for himself at the end of each year," a court declaration says. "Additionally, this enables Michael's customers to remain anonymous and avoid filing any IRS documents."

"Patrons use telephones to place bets with the company in Curacao on horse and dog racing events occurring at various venues in North America," a 2001 memo from the Nevada Attorney General’s Office to Dennis Neilander, chairman of the state Gaming Control Board at the time, reads. "The bets are made against front money deposits with IRG in Nevada."









College Football Gambling: Notre Dame an underdog in virtually every BCS scenario

11.27.2012     08:04 AM     Printer Friendly
SportsMemo.com blog entry.
According to one report, Notre Dame would be an underdog to five of the six SEC teams currently ranked in the BCS top 10.


“Sporting News asked Kenny White, longtime oddsmaker in Las Vegas and one of The Linemakers on Sporting News for betting lines on potential games between the Irish and the six SEC teams ranked in the top 10 of the current BCS poll,” Hayes said. “Of those six teams, Notre Dame would be favored to win one game: against No. 10 South Carolina by 1 point.”






Tags: College Football Notre Dame Fighting Irish SEC




Train route between Los Angeles and Las Vegas in the works

11.26.2012     08:17 AM     Printer Friendly
SportsMemo.com blog entry.
Introducing the X Train, a proposed railroad route between Southern California and Las Vegas. For $99 each way, you can hop on train in Fullerton, roll with your bros to Vegas, drink as much as you can, maybe win a few bucks, and pass out on the ride home all without having to deal with pulling your car over nine times so your buddy Steve can dry-heave in the desert.


"The whole idea is when you get on a train, you feel like you're in Las Vegas," said Michael Barron, president and CEO of the $100 million venture that hopes to launch its maiden voyage on New Year's Eve 2013. "It's essentially a nightclub on wheels."





Tags: Las Vegas




Everything you need to know about online poker in Nevada

11.19.2012     12:15 PM     Printer Friendly
SportsMemo.com blog entry.
Good article from the Las Vegas Sun about the details of Nevada's push for online poker.

 

Without federal action, Internet poker likely will be approved and regulated on a state-by-state basis, like the lottery. Poker operators likely will face different rules and taxes by state. There will be no federal oversight, and Nevada regulators may not play the important regulatory role Reid envisioned.






Tags: Las Vegas Poker




Cantor takes over sportsbook at Pahrump Nugget Casino

11.15.2012     06:10 AM     Printer Friendly
SportsMemo.com blog entry.
Cantor Gaming will take over the race and sportsbook at the Pahrump Nugget Casino – Cantor's first venture outside of Clark County. The casino is located an hour west of Las Vegas.

In other Cantor news, according to the Las Vegas Review-Journal, former sportsbook director Mike Colbert pleaded not guilty to charges ranging from money laundering to enterprise corruption. Colbert is due in court in New York later this month and then back in Las Vegas on December 3.









LVH Sportsbook offers MNF prop bet highlighting Chiefs' ineptitude

11.12.2012     10:49 AM     Printer Friendly
Kansas City at Pittsburgh -12.5 O/U 40

You know you're having a bad season when a Las Vegas sportsbook hangs the following prop bet...

copy_kc_chiefs.JPG



Tags: NFL Kansas City Chiefs Pittsburgh Steelers




UNLV students learn ins and outs of gaming industry

11.12.2012     08:22 AM     Printer Friendly
SportsMemo.com blog entry.
Everyone knows that 90% of the classes you took in college were pointless. But UNLV is offering classes that are not only cool but ones that better prepare students for a career in the gaming industry. Good read courtesy of the Las Vegas Sun.


"We're not teaching students how to gamble," insists UNLV gaming professor Gary Waters, who teaches introductory classes in the gaming lab. "We're teaching students how to manage casinos. This is really important for the gaming industry."

"Our primary objective is so students can relate academic information to actual table games and slots, and get some operational experience," Waters said. "The more they get involved, playing it and dealing it, the better they perform in their internships and the more successful they are in their careers."

"The landscape has changed in the last few years," Waters said. "There are more college-educated executives leading these casinos. Education is more highly recognized in Read more



Tags: Las Vegas




Women cashes in on 15-team parlay at Las Vegas sportsbook

11.07.2012     07:12 AM     Printer Friendly
A woman hit a 15-team parlay at Las Vegas' Red Rock Casino last week. She invested $5 and turned it into nearly $100K. Good for her.

Nebraska -2
San Diego State +15
Denver -4
Green Bay -11
Indianapolis +2
Baltimore -4
Houston Texans -10
Carolina +3
Detroit -4
Chicago -3
Seattle -4
Tampa Bay +1
Pittsburgh +3
Atlanta -4
New Orleans -3








Sportsbooks get kicked in the balls following chalk-heavy NFL Sunday

11.05.2012     11:13 AM     Printer Friendly
SportsMemo.com blog entry.
Let's see. Undefeated Atlanta won and covered. Everyone and their uncle were on Seattle at home. Houston rolled over the Bills. Peyton Manning laying less than a touchdown? Book it. Packers laying double-digits? Never in doubt. And anyone who bet the Bears as road chalk had a winner by the end of the first quarter. Add it all up and it as expected, it was a rough day for the boys behind the counter.


"I've been in this business for 26 years and I have never seen what I saw yesterday," Kornegay said. "We call for more money a couple times a year, but never like this."

"Years ago, you had about 25 percent of your business tied up in parlays," Vaccaro said. "Now, I think we're coming close to 75 percent of our business is in parlays. People are taking $60 to $70 and hoping it lands every once in a while."






Tags: NFL




Meet the individuals involved in last week's sports betting bust

11.02.2012     06:37 AM     Printer Friendly
A detailed report from Vegas Inc. on the individuals involved in last week's Las Vegas/Pinnacle sports betting bust.







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