It’s been a wild week of gambling news, with rumors still flying about both a Las Vegas NBA and an MLB team. There are new basketball arenas being build and plots of land being looked at for baseball stadiums. And over the weekend, a small amount of rain caused some major Las Vegas flooding, virtually shutting down the city and the airport! Hello friends! And welcome to This Week in Gambling, where we have a lot to discuss, including the latest state to regulate sports betting and possible Las Vegas NBA and MLB teams! More on all of that in…

A month’s worth of rain fell in only two hours, causing Las Vegas flooding that saw standing water in casinos and the closure of the airport. Streets became rivers. Parking garages became waterfalls. There was even water pouring from lighting fixtures in hotels. Down on Fremont Street, the Circa Casino had water coming from behind video screens. At Planet Hollywood water gushed from the rooftop. And even the illustrious Caesars Palace sprang a leak. It was all quite surreal. All in all, there were over 300 emergency calls during the storm, and seven people had to be rescued from swift…