Tag: vegas
Raiders to Vegas as NFL Resists Sports Betting
Roger Goodell, National Football League Commissioner, has eased up his position towards sports betting once the Raiders landed in Nevada. US.- As Las Vegas will host the newest stadium of Raiders, officials of the National Football League (NFL) and representatives of the football team are debating the possible impacts of the gaming industry on the sports integrity. Whilst the NFL used to be one of the major opponents to legal and unauthorised industries, Roger Goodell, NFL Commissioner, has eased up his position towards the activity. This week authorities of the NFL and Las Vegas revealed their joint plan for the…
Recreational Gamblers Boost Vegas Revenue
Casino operators in Nevada were smiling over Vegas revenue numbers in June 2016 according to the Nevada Gaming Control Board’s latest financial report. Released at the close of July, the report details a 6.9% revenue year-over-year increase thanks to a total gaming win worth $887 million. As ever, the Las Vegas strip was the biggest contributor to that haul with $488 million coming from gamblers on the iconic gambling strip. However, while the strip’s haul is 9.74% higher than the same period in 2015, that’s not the end of the story. More Action Means More Wins In addition to Vegas…
Vegas Taking Bets on Olympics for First Time Since 2000
The last time Americans could walk into a Las Vegas sports book during the Olympics and make a bet on their country, Michael Johnson was still winning medals, Vince Carter was making a towering Frenchman famous, and Michael Phelps was debuting in the Games as a 15-year-old also-ran on the U.S Olympic swim team. This year, all that changes. For the first time since the 2000 Sydney Games, Las Vegas sports books are accepting bets on the Olympics this summer, providing casinos a financial boost in the dog days of August, keeping bettors glued to the TV as Carmelo, KD,…
Vegas Casino Dealers Indicted for Cheating
Two former casino dealers and two friends are accused of siphoning more than $1 million off craps tables over two years, using phantom bets at a posh Las Vegas Strip resort. James Russell Cooper Jr. and Mark William Branco were fired by the Bellagio after the scheme came to light and they were arrested in July 2014, prosecutor Jay P. Ramen said Thursday. Cooper and Branco are named with Jeffrey D. Martin and Anthony Grant Granito in a 60-count indictment filed Wednesday. The charges include cheating at gambling and theft — felonies that could get the defendants decades in prison….
RAWA Could Criminalizes Nevada Sports Bets
The Restoration of Americas Wire Act bill (known at RAWA) is in Congress and would ban Internet gambling. However, it could also inadvertently criminalize Nevada’s booming mobile sports wagering business, which has been credited with turning the Silver State’s sports books into a $3.9 billion-a-year industry. The measure, backed by Las Vegas Sands Corp. Chairman Sheldon Adelson, is aimed at reversing changes made in 2011 to the 1961 Federal Wire Act. If approved, the RAWA bill would end most forms of online betting, including interactive poker in Nevada. Because the bill would stop transmission of gambling information through wire communications…
Genting breaks ground for Vegas Resort
Genting has broken ground in Las Vegas on their Resorts World complex that is slated to cost anywhere from $4 billion to $7 billion and completed in 2018. The new resort which will sit on the site of the former Stardust casino on the strip will cover 88 acres and have 3,500 hotel rooms, a 4,000 seat outdoor amphitheater and shopping mall and possibly even a panda enclosure. KT Lim, chairman and CEO of Genting Group, said the new sprawling complex would showcase the best of China past and present. The CEO was at the ceremonial ground breaking event in…