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September

21

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CG Technology CEO resigns

07.21.2016     08:04 AM     Printer Friendly
SportsMemo.com blog entry.
Things aren't looking all that great for Las Vegas sportsbook CG Technology these days. It was recently fined by the Nevada Gaming Control Board for failing to correctly pay out winning wagers. Now news has come out that CEO Lee Amaitis will resign at the end of August. As of now, CG's sportsbooks (Cosmopolitan, Venetian, Palms and M Resort) will continue to operate though will be heavily monitored by a third party.


"The Board will not tolerate improper or incorrect payments to patrons by gaming licensees, and therefore takes this matter extremely seriously," Nevada Gaming Control Board Chairman A.G. Burnett told the Las Vegas Sun, which first reported the settlement. "This settlement contains several harsh punishments and requirements for remediation that reflect those concerns."






Tags: Las Vegas




Football Handicapping: Las Vegas offers an endless array of contests

07.19.2016     08:04 AM     Printer Friendly
SportsMemo.com blog entry.
While the Westgate's famed SuperContest takes top billing, Las Vegas sportsbooks are offering a multitude of football contests for the upcoming season.




Tags: College Football NFL Las Vegas




SuperContest no longer 100 percent payback

06.27.2016     09:05 AM     Printer Friendly
SportsMemo.com blog entry.
Due to growth, the world famous NFL SuperContest will no longer offer a 100 percent payback. Instead, the Westgate will take 8 percent to cover the cost of running the contest.


“I know it’s not something that’s looked upon in a positive way, but we just can’t have a loss leader,” Kornegay said. “We’re not looking to make it profitable, but we’re trying to cover our expenses. We thought this number is fair.”

“We reviewed the contest over the offseason, and the numbers were not really flattering,” Kornegay said. “When we had 400 contestants, it wasn’t that big of a deal. But as it escalated in growth the past four or five years, the costs have really grown.”






Tags: NFL Las Vegas




MLB newest league to consider Las Vegas for expansion

06.22.2016     08:42 AM     Printer Friendly
SportsMemo.com blog entry.
What is with everyone wanting to set up shop with a professional sports team in Las Vegas? The NHL is giving it a go, the Oakland Raiders are efforting, and now MLB is saying it "would not disqualify" Sin City -- whatever that means.


“I think the whole, ‘You can’t go to Vegas because there are casinos there,’ we passed that by a long time ago. There’s casinos all over the place. I see Las Vegas as a viable alternative. I would not disqualify it just because of the gambling issue.”






Tags: MLB NHL NFL Las Vegas




NHL yet to mention anything about betting on Las Vegas' expansion team

06.16.2016     10:17 AM     Printer Friendly
UPDATE

Now that the NHL has approved an expansion team in Las Vegas, everyone is waiting to hear what the league will say about local sportsbooks taking wagers on their games. So far, it hasn't come up, though the NHL has plenty of time (over a year) to raise a stink about it. 


“I haven’t had any conversations with the NHL, and it would certainly be out of the ordinary if that were to occur,” Chairman of the Nevada Gaming Control Board A.G. Burnett said Tuesday. “It seems to me that a lot of the sports leagues are seeing that professional sports can thrive without any issues in a well-regulated betting environment.”

“I certainly would be disappointed if they submitted that request,” Kornegay said. “I believe we would be sending the wrong message by doing so. I think it would be best for the games to be on the board. How awkward

Read more



Tags: NHL Las Vegas




Las Vegas earns NHL franchise

06.15.2016     08:37 AM     Printer Friendly
SportsMemo.com blog entry.
You did it, Sin City. You managed to snag a professional hockey team. Up next is somehow making it work, which according to some, won’t be easy.


"This could be a watershed moment for our community and sports in Southern Nevada," said Jonas Peterson, president and CEO of the Las Vegas Global Economic Alliance. "Having a professional hockey team will not only boost our economy, but also our sense of community pride."

But it’s asking a lot for Las Vegas to support a major league team when it’s struggled to support pretty much every minor league team that’s tried to play there. If the city has some positives, it also has some negatives, like irregular working hours, middling public transit and abundant competition for the entertainment dollar, which may depress sports attendance.






Tags: NHL Las Vegas




Daily Fantasy Sports could return to Nevada

06.09.2016     08:44 AM     Printer Friendly
SportsMemo.com blog entry.
After ruling it illegal, the Nevada Gaming Commission voted to reinstate Daily Fantasy Sports. Former Vegas bookmaker Vic Salerno owns the company, US Fantasy, which if given final approval, will offer pari-mutuel type betting on fantasy sports at Nevada sportsbooks. Salerno claims that 50 percent of the DFS handle would come from new players.




Tags: Las Vegas




NFL says players can't attend charity event because of casino ties

06.03.2016     08:54 AM     Printer Friendly
SportsMemo.com blog entry.
The NFL is at it again. This time it decided that a children's charity bowling event at Las Vegas' Sunset Station Casino was "against policy."


“That’s a great question and we do not have the answer to that. That’s one of the many unknown things about the NFL and the way that they have chosen to enforce certain policies against certain groups. Why they were OK with it is anyone’s guess. There’s no consistency with what the NFL does in regards to these policies,” Pettit said.

“The NFL has a tendency to selectively enforce their own policies when it’s convenient for them or when it makes sense for them.”






Tags: NFL Las Vegas




CG Technology in trouble with the Nevada Gaming Control Board

05.18.2016     07:58 AM     Printer Friendly
SportsMemo.com blog entry.
CG Technology is once again in a bit of hot water. The Nevada Gaming Control Board is going after the Las Vegas sportsbook for screwing up payouts to bettors due to what is being called a "software glitch."


“Consequently, (CG Technology) effectively ignored a group of several thousand patrons who had won their parlay wagers but who had underpaid their winnings and left responsibility to those patrons to bring an underpayment to the attention of (the company),” the complaint said.






Tags: Las Vegas




Raiders to Vegas makes little sense if locals can't bet on the games

05.17.2016     08:23 AM     Printer Friendly
SportsMemo.com blog entry.
While the odds of the Oakland Raiders moving to Las Vegas seem decent, the underlying issue is will local sportsbooks be able to offer lines on their games? Oddsmaker Jay Kornegay brought up a good point that if their games aren't on the board it'll continue to make sports betting look taboo.


“As much as we want to see a pro franchise, I certainly would not be in favor of taking those games off the board,” said Jay Kornegay, the race and sports book director of the Westgate Superbook. “It’d be sending the wrong message. It’s stating something is wrong with the industry.”

“Future sports betting, when it spreads across the United States, will be modeled after Nevada,” Rood said. “We’re one of the most highly regulated industries in America. I’d put us up against any banking or Wall Street regulations. That stringent. And I would think the leagues will embrace that. We want the same thing the leagues want: games played with integrity.”






Tags: NFL Oakland Raiders Las Vegas



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"Las Vegas'"

September

20


 
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