Nevada’s Gaming Control Board is discovering that making changes to regulations governing the state’s sports betting isn’t as simple as it sounds. An hour-long workshop in Las Vegas Thursday proved that point.
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“A Mob Story,” currently playing at the Plaza in Downtown Las Vegas, tells the tale of how organized crime infiltrated, helped build, and departed—maybe—Las Vegas.
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Las Vegas Strip casinos still won money from gamblers, but gaming income as a whole declined—which makes investors understandably impatient because, after all, the house is always supposed to win, and win big.
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It was only a matter of time before the infant American sports betting industry would look for people with expertise in that unique field. Nevada was ripe for the picking as it has long been the only state in the union to offer full-service sports wagering in this country.
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Las Vegas-based USBookmaking announced Monday it will launch a sports book at the Santa Ana Star casino in New Mexico next week, under an agreement with the tribal casino’s operator, which is governed by a state compact.
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Bookmakers aren’t going to find themselves out of position again a year later. The Westgate Las Vegas Superbook, which took a handful of bets at 500-to-1 on the Golden Knights to win last year’s Stanley Cup, opened the team at 10-to-1 this season and has already seen it bet down to 8-to-1.
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The property is the closest to the stadium site across the Interstate 15. The planned monorail extension’s last stop will be at Mandalay Bay, meaning thousands of extra visitors will be in the property on game days.
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Oscar Goodman sits in the chair, head bowed. The glow of his cellphone reflects in his large glasses. The dark, pinstriped suit jacket hangs long on his body. The martini, when not in his hand, is never far from reach.
Read More . . .Nevada gaming revenues fell for the second straight month in August, which wasn’t a surprise given all the negative noise coming from casino operators and the investment community about depressed third quarter results in Las Vegas.
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The deal is the first between a manufacturer of electronic gaming machines, table games and other gambling products, and the Golden Knights, which has signed marketing deals with other gaming-oriented businesses.
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Nevada-based PropSwap offers an opportunity for players to sell live betting tickets to other gamblers. Now that U.S. sports betting laws have changed, the company and it's unique concept are on the rise.
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The SuperBook is going national. Westgate Resorts and Paragon Gaming announced plans Wednesday to bring the SuperBook concept to gaming markets where sports betting has been legalized.
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