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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.

UFC's Dana White cuts ties with The Palms after gambling credit cut in half

10.29.2012     11:20 AM     Printer Friendly blog entry.
UFC President Dana White just pulled the plug on all future events at Las Vegas’ The Palms Casino Resort. The reason? The Palms cut White’s gambling credit line by 50 percent. White has a strong reputation as not only a big spender/gambler but also a tremendous tipper.

Tags: Las Vegas

Final table of World Series of Poker starts tonight on ESPN2

10.29.2012     07:12 AM     Printer Friendly blog entry.
The final table of the World Series of Poker Main Event kicks off tonight at 4:30 pm PT on ESPN2. The Las Vegas Sun breaks down the final nine players.

Tags: Poker

Dude who stole $1.6 million in chips from Las Vegas casino still at-large

10.26.2012     12:30 PM     Printer Friendly blog entry.
These Las Vegas chip stealing stories never get old. Meet Akingide Cole, a California man who made off with $1.6 million in chips from the Venetian. It wasn't exactly a smash-and-grab job. He walked into a closed area of the casino, grabbed the chips, and left. Authorities are still searching for Mr. Cole who was described as having "a large fibrous growth on his left earlobe." At least they know not to look for anyone with an attractive looking girlfriend.

Tags: Las Vegas

College Football Handicapping: UNLV's Sherry expected to start behind banged up o-line

10.26.2012     12:10 PM     Printer Friendly blog entry.
UNLV at San Diego State -18 O/U 57

UNLV's Nick Sherry (back) is expected to start Saturday's game at San Diego State. It doesn't sound like he is 100% and he'll be working behind an injury-riddled offensive line.

“Every week it seems like somebody’s dealing with something,” said senior tackle Yusef Rodgers, who this week is listed as doubtful with a leg injury.

“It is kind of discouraging because we had high hopes,” Rodgers said of the offensive line. “We feel like with what we’ve got, we’re still doing all right.”

Tags: College Football UNLV Rebels San Diego State Aztecs Mountain West

Sports Betting Update: Colbert allegedly manipulated pointspreads

10.25.2012     12:23 PM     Printer Friendly
A theory (theory being the key word) behind Cantor Gaming sportsbook director Mike Colbert's relationship with Pinnacle.

Multiple industry sources — including one Vegas veteran who has worked with Colbert — alleged that Colbert would use his control over the point spreads to create valuable opportunities for specific clients and for his own wagers, placed offshore.

“Colbert being included in this is not a shock,” a Vegas industry source told The Linemakers. “He played some very dangerous games and was naive enough to believe that he could get away with them. He should have known better, and pushed the envelope way too far.”

Cantor Gaming Mike Colbert arrested, Feds round up Pinnacle agents

10.25.2012     06:54 AM     Printer Friendly blog entry.
In case you haven't heard, Cantor Gaming sports book director Mike Colbert was arrested yesterday for what authorities are calling "corruption, money laundering and conspiracy." Pinnacle is reportedly involved, and various "agents" throughout the United States have been arrested. There will be a press conference at some point today addressing the situation. At this point, there are a lot of theories and speculation as to what has and will occur. It certainly isn't good news but we'll offer more opinion if and when more facts become available.

The History of Sports Betting as told by Jimmy Vaccaro

10.23.2012     02:49 PM     Printer Friendly blog entry.
A three-part article from William Hill PR director and long-time Las Vegas odddsmaker Jimmy Vaccaro on the history of sports betting. Good read.

History of Sports Gambling, Part I: Roots in Youngstown, Ohio

History of Sports Gambling, Part II: The invention of the point spread

History of Sports Gambling, Part III: A look at the first opening lines

New Jersey sports betting as soon as January

10.16.2012     08:35 AM     Printer Friendly blog entry.
New Jersey says that it will begin issuing sports betting licenses as soon as January 2013. This of course hinges on whether or not the lawsuit filed by various sports leagues can be overcome. The NCAA, who allows multiple college basketball conference tournaments to take place in Las Vegas, stepped in and denied New Jersey to ability to hold championship events.

"Maintaining the integrity of sports and protecting student-athlete well-being are at the bedrock of the NCAA's mission, and are reflected in our policies prohibiting the hosting of our championships in states that provide for single game sports wagering," Mark Lewis, NCAA executive vice president of championships and alliances, said in a news release. "Consistent with our policies and beliefs, the law in New Jersey requires that we no longer host championships in the state."

"With the publication of these regulations, New Jersey ensures effective regulation and oversight of sports wagering, consistent with its longstanding nationwide

Read more

South Point nears online poker website launch, hiring new positions

10.15.2012     01:38 PM     Printer Friendly blog entry.
If you live in Las Vegas and are currently looking for a job, South Point is looking to fill positions for its real-money online poker website. According to South Point, it is already prepared to go "live" but the launch date has been pushed back to later this year. Positions include marketing, customer service, compliance and IT. Salaries range from $25K to six figures.

"We feel we could launch today," Vaughan said. "But you’ve got to go through the independent testing labs, you have to satisfy the State Gaming Control Board and because we are the first, we’re going to be under the microscope. They’re going to prod us every which way, and that’s good. We don’t want to

Read more

Tags: Poker Las Vegas


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