
The controversial 2016 Rio Summer Olympics are officially in the publications, but the activities books in Nevada had interest that is little their outcome. For the time that is first the Sydney Games in 2000, sports betting was permitted in the Silver State with this year’s 16 days of competition, but evidently, bettors were less than excited about their options.
American gymnast Simone Biles, who took home four gold plus one bronze medal, carried a flag through the closing ceremonies. But Nevada sports books had little to wave a flag about at the conclusion of the time.
Action was slower than slow, according to those who take wagers in nevada’ biggest casinos. Perhaps some of the lesser known events simply don’t jibe with the conventional American sports bettor. From badminton and canoe slalom, to rhythmic gymnastics and swimming that is synchronized Las Vegas recreations books lined up the odds, but few took them.
‘We most likely have taken about as much in Olympic wagers as we would on a baseball that is big, regular period,’ Mirage oddsmaker Jay Rood stated this thirty days.
The disappointing, yet not olympics that are totally unexpected Nevada gambling enterprises might cause less enthusiasm for the 2018 Winter Olympics in Southern Korea since well. It had been no feat that is easy oddsmakers to prepare lines for a host of athletic disciplines most had been utterly unfamiliar with.
Big Bets, Little Pay
Also the casual sports fan understands the name Michael Phelps, plus the many decorated ever that is olympian up to his hype. Phelps won five associated with the six events he competed in and departed his olympics that are final a total of 23 gold medals.
And for bettors in the Silver State, the relative lines on Phelps were nearly off the chart.
At Bovada, Phelps was a -300 favorite in the 100m butterfly, and his 4x200m freestyle relay group needed a $700 bet to win $100.
Nonetheless it was fellow US swimmer Katie Ledecky who got the most respect in the pool with the freestyle that is 800m. Those trying to benefit off Ledecky’s dominance needed to wager a staggering $25,000 to win simply $100.
As crazy as that noises, it was a good bet, as Ledecky cruised to a world-record time and beat the silver medalist by almost 12 moments.
Team USA basketball men and women also wowed bookies in Nevada. The men were -2500 favorites and the women were listed at -1400. Both won their tournaments.
Overall, Team USA won the highest medal count of most participants with 121 total gold, silver, and bronze. Asia placed second with 70, and Great Britain third at 67.
Host country Brazil won 19 myfreepokies.com total medals, and garnered plenty of criticism as well. Insufficient housing, contaminated water, crime, and last but certainly not least, Zika, all plagued the lead-up to the competition.
Lochte and Loaded
The games were most certainly not without scandal before US swimmer Ryan Lochte took center phase, with incidents of rape and robbery being reported in the first days that are few. But Lochte’s actions overshadowed much of the final few days of the Games, in what athletes that are many have considered a cloud over their moment in the sunlight.
In what would later on be a fable concocted by the medal that is 12-time, Lochte’s tale about being robbed at gunpoint almost completely took over the final times of the Olympics.
‘I over-exaggerated that story,’ Lochte told NBC over the weekend. ‘They place on a great games. . . [but] my immature behavior tarnished that a little, and I don’t want that.’
Their mea culpas might have come too late, nonetheless. Speedo terminated its sponsorship on Monday, amid Lochte’s late-out-of-the-gate admission which he had way too much to drink that night making bad decisions because of it. It’s unclear whether his other backers, including Gillette, Gatorade, and AT&T, does the same.
The International Olympic Committee (IOC) will likely not be rushing right back up to a developing country anytime soon again, but nonetheless, left the united states on a positive note.
‘We found its way to Brazil as guests. We depart as your friends,’ IOC President Thomas Back said during the closing ceremony today.
New York Assemblyman Pretlow to Push for Legal Sport Betting
Assemblyman Gary Pretlow wants activities betting for brand New York but admits you will find significant issues that are legal his way. (Image: Jefferson Siegel/New York Daily Information)
New York Assemblyman Gary Pretlow wants to create sports that are legal to Ny State. Pretlow was instrumental in orchestrating the regulation of daily fantasy sports in New York and views no good reason to stop while he’s on a roll.
Pretlow told the Democrat Chronicle this week that, like New Jersey in recent years, he wished to test federal opposition to sports gambling, and much more particularly PASPA, the expert and recreational Sports Protection Act 1992, which
‘I’m considering this year putting in legislation similar to New Jersey’s legislation, and hopefully it gets to court in the Second Circuit, and hopefully we obtain a opinion that is different’ he said. ‘we am a believer in legalizing recreations wagering.’
Concern About ‘Vice Bills’
But first a push that is legislative have to persuade both chambers that appropriate activities wagering is the right thing for New York, at a time if the state is cautious with passing more alleged ‘vice bills,’ following a legalization of casino gaming, MMA now DFS. The question of legalizing sports gambling would additionally most likely need an amendment to the continuing state constitution by public referendum.
‘ Any discussion of legalizing sports betting in NY is premature at this true point,’ Pretlow conceded. ‘There are significant issues that are legal think about before undertaking this undertaking.’
It’s difficult to see how ny could succeed in the courts that are federal where nj has failed at every turn. Previously this month, the United States Court of Appeals for the Third Circuit blocked New Jersey’s try to offer sports gambling at its casinos and racetracks once more, governing it would be described as a breach of PASPA.
PASPA ‘Not Fair’
‘It’s not reasonable that only one state is permitted to legally take sports bets,’ Pretlow said, inaccurately.
While Nevada is the only state that offers full-scale sports wagering, Oregon, Delaware and Montana are also legally allowed to take action, having being exempted by PASPA because they had currently legalized before the passage associated with the bill in 1992. Delaware offers sports that are limited at its racetracks, while Oregon and Montana simply choose not to ever.
The United states Gaming Association, which advocates for the legalization and certification of sports betting, has said that 80 % of Super Bowl people are in favor of regulation, while 65 believe that is percent sports betting will either fortify the integrity of games or have no impact on game outcomes.
‘This law [PASPA] has failed miserably,’ stated AGA Chairman Geoff Freeman recently. ‘People in america spend a calculated $150 billion a betting on sports, only 3 percent of it legally. year’
Glenn Straub Threatens to Abandon Revel Atlantic City
Revel Atlantic City owner Glenn Straub states time is operating out for local officials to approve their casino and hotel permits, otherwise he’s ready to abandon ship. (Image: Jacqueline Urgo/Philadelphia Inquirer)
Developer Glenn Straub says he’s considering abandoning his resurrection plans for Revel Atlantic City unless local officials in New Jersey change their ways that are governing.
The Florida-based property millionaire was once again before New Jersey’s Casino Reinvestment Development Authority (CRDA) last week. Straub is seeking a permit to use the resort.
Straub has performed renovations on the $2.4 billion shuttered home to incorporate a ropes and 13-floor cycling course.
The changes needed brand new traffic-flow allows through the CRDA, however the governing organization says it needs extra information. The CRDA has also dragged its feet in approving a casino permit for Revel, despite the fact that Straub has hired a gambling operator to control the facility’s gaming.
The CRDA argues Straub’s business, Polo North Country Club Inc., hasn’t filed the paperwork that is appropriate.
‘I can’t believe how much bureaucracy there is in this state. This is exactly what nj-new Jersey is known for,’ Straub opined to reporters during a break. ‘This state stinks.’
Straub stated he’s got ‘other things to do’ then wait on brand New Jersey and Atlantic City officials.
Straub’s Bluff?
Straub seemed resolute in professing their willingness to abandon Revel in its entirety, but that would mean giving up on his $82 million investment he paid in 2015 to get the bankrupt resort. However, that’s chunk change set alongside the $500 million Straub initially committed to the place that very first opened in 2012.
His plans of transforming the resort into a ‘recreation-based center along with casinos’ have hit one roadblock after another.
Just four months ago, Straub told Forbes, ‘Atlantic City is a perfect spot to put money. It’s going to grow ten times what it’s now worth.’
Straub and billionaire Carl Icahn both pledged to revitalize the gaming beach town. Icahn changed his mind this by announcing the closure of his Trump Taj Mahal month.
Originally scheduled to open on June 15 as a facility that is hotel-only the recreational activities, unattained permits have kept the lights dark at Revel.
Straub is now intending for A october opening, but his patience is wearing slim.
‘ I do not have enough time become screwing with this stuff,’ Straub declared. ‘This is 10 times even worse than what it would be anyplace else.’
Then There Were Seven
When the Trump Taj Mahal closes on 10, only seven casinos will remain in Atlantic City october. The city’s casinos all pay 1.25 percent of gross gaming revenues to fund the CRDA.
The CRDA must follow a series of regulations and licensing procedures, but the policies are most certainly not making it possible for Straub to bring right back Revel.
As opposed to doing everything in its power to expedite the process, the CRDA appears to be focused on non-gaming activity.
At its meeting last week, the agency approved two measures that have nothing to do using the casino market.
The agency agreed to sponsor a 5th summer beach concert with real time Nation, and additionally consented to spend $150,000 regarding the Garden State Film Festival over the next two years.
‘ The CRDA continues its mission to attract events and visitors to the city,’ CRDA Executive Director John Palmieri said in a press launch.
Unfortunately, at least for now, the CRDA isn’t attracting a half of the billion-dollar investor in Straub.
Mount Airy Casino Challenges Pennsylvania’s $10 Million Annual Host Tax
Once best-known while the place to go after crazy bathtubs that are adult-themed the Pennsylvania Pocono Mountains’ Mount Airy area has very long discovered video gaming, and along with it, a tax fight. (Image: usatoday.com)
For many folks over 40, say ‘Mount Airy in the Poconos,’ and images of eight-foot-tall champagne bubble shower and tubs that are heart-shaped jump to mind. A couple of years right back, the working-class resort area marketed the decidedly unique and memorable tubs to couples who desired some entirely adult playtime.
But now, one casino in what exactly is now introduced to as the Pocono Mountains is doing something decidedly unromantic: fighting for its very own money.
Mount Airy Casino Resort is asking the Pennsylvania Supreme Court to annul a continuing state gambling regulation that requires gambling enterprises to spend ten dollars million yearly to its host town or town.
Senate Bill 862, passed and signed into law back in 2006, mandates that casinos pay two percent of gross slots revenue to the township by which they truly are located. The kicker is the fact that two percent must equal at least ten dollars million, otherwise the casino is on the hook to make up the huge difference.
But none of Pennsylvania’s twelve casinos even came near to grossing $500 million from slots last year, meaning all had to compose additional taxation checks.
Sheldon Adelson’s Sands Bethlehem is the largest casino, when it comes to pure revenue, in Pennsylvania. During the last fiscal year, the Las Vegas Sands property generated $288.9 million in gross terminal revenue.
At two percent, Sands’ real tax payment was about $5.7 million. Meaning Adelson’s gaming business was forced to pay the $4.3 million difference.
For Mount Airy, the difference had been also larger. The northeast Pennsylvania casino pulled in simply $139.1 million in terminal income, meaning its two payment that is percent $2.78 million, with $7.22 million tacked on.