
The controversial 2016 Rio Summer Olympics are officially in the publications, but the activities books in Nevada had little interest in their result. For the first time since the Sydney Games in 2000, sports betting was permitted in the Silver State for this year’s 16 days of competition, but apparently, bettors were less than excited about their myfreepokies.com options.
American gymnast Simone Biles, who took home four gold plus one bronze medal, carried a flag throughout the closing ceremonies. But Nevada sports books had little to wave a flag about at the conclusion of the day.
Action was slower than sluggish, according to those who simply take wagers in nevada’ biggest casinos. Perhaps a number of the lesser known events simply didn’t jibe with the typical sports that are american. From badminton and canoe slalom, to rhythmic gymnastics and swimming that is synchronized Vegas activities 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 season,’ Mirage oddsmaker Jay Rood stated this month.
The disappointing, yet not olympics that are totally unexpected Nevada gambling enterprises might induce less enthusiasm for the 2018 Winter Olympics in Southern Korea since well. It had been no simple feat for oddsmakers to organize lines for a host of athletic disciplines most had been utterly new to.
Big Bets, Little Pay
Even the casual sports fan knows the name Michael Phelps, therefore the most decorated ever that is olympian up to their hype. Phelps won five associated with six events he competed in and departed his olympics that are final a total of 23 silver medals.
And for bettors in the Silver State, the relative lines on Phelps were almost off the chart.
At Bovada, Phelps had been a -300 favorite in the butterfly that is 100m and his 4x200m freestyle relay team needed a $700 bet to win $100.
However it was fellow US swimmer Katie Ledecky who got the most respect in the pool with the freestyle that is 800m. Those looking to benefit off Ledecky’s dominance needed to wager a staggering $25,000 to win just $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 seconds.
Team USA basketball people 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 medal count that is highest of all participants with 121 total gold, silver, and bronze. Asia put second with 70, and Great Britain 3rd at 67.
Host country Brazil won 19 total medals, and garnered plenty of criticism as well. Insufficient housing, contaminated water, criminal activity, and last but most certainly not least, Zika, all plagued the lead-up to the competition.
Lochte and Loaded
The games had been 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 a lot of the last 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 days of the Olympics.
‘I over-exaggerated that story,’ Lochte told NBC on the weekend. ‘They place on a games that are great . . [but] my behavior that is immature tarnished a little, and I don’t want that.’
His mea culpas may have come too late, but. Speedo terminated its sponsorship on Monday, amid Lochte’s late-out-of-the-gate admission he had way too much to drink that night and made bad decisions because from it. It’s unclear whether their other backers, including Gillette, Gatorade, and AT&T, will do the same.
The International Olympic Committee (IOC) will more than likely never be rushing right back to a developing nation anytime soon again, but nevertheless, left the country on a note that is positive.
‘We arrived in Brazil as guests. Today we depart as your friends,’ IOC President Thomas Back said during the closing ceremony.
New York Assemblyman Pretlow to Drive for Legal Sport Betting
Assemblyman Gary Pretlow wants sports gambling for brand New York but admits you will find significant legal issues in his way. (Image: Jefferson Siegel/New York Daily News)
New York Assemblyman Gary Pretlow wants to bring legal sports gambling to Nyc State. Pretlow was instrumental in orchestrating the regulation of day-to-day fantasy sports in New York and views no good reason to give up while he’s on a roll.
Pretlow told the Democrat Chronicle this week that, like brand New Jersey in recent years, he wished to test federal opposition to sports wagering, and much more particularly PASPA, the pro and recreational Sports Protection Act 1992, which
‘I’m considering this present year putting in legislation much like nj-new jersey’s legislation, and hopefully it gets to court in the Second Circuit, and hopefully we obtain a different opinion,’ 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 legal activities wagering is the right thing for New York, at the same time if the state is wary of passing more so-called ‘vice bills,’ following the legalization of casino gaming, MMA now DFS. The question of legalizing sports wagering would also most likely require an amendment to your continuing state constitution by public referendum.
‘ Any discussion of legalizing sports betting in NY is premature at this point,’ Pretlow conceded. ‘There are significant appropriate problems to consider before undertaking this endeavor.’
It’s difficult to see how nyc could succeed in the federal courts, where nj-new jersey has failed at every turn. Early in the day this month, the United States Court of Appeals for the Third Circuit blocked New Jersey’s attempt to provide sports betting at its casinos and racetracks once more, governing that it would be described as a breach of PASPA.
PASPA ‘Not Fair’
‘It’s not fair that only one state is allowed to legitimately take recreations wagers,’ Pretlow said, inaccurately.
While Nevada is the only state that offers full-scale recreations wagering, Oregon, Delaware and Montana are also lawfully allowed to take action, having being exempted by PASPA because they had already legalized ahead of the passage of the bill in 1992. Delaware offers sports that are limited at its racetracks, while Oregon and Montana simply choose not to ever.
The American Gaming Association, which advocates for the legalization and licensing of sports betting, has said that 80 per cent of Super Bowl people are and only 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. ‘Americans spend an approximated $150 billion a betting on sports, only 3 per cent of it legally. year’
Glenn Straub Threatens to Abandon Revel Atlantic City
Revel Atlantic City owner Glenn Straub says time is running down for local officials to approve his casino and hotel permits, otherwise he’s prepared 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 real-estate millionaire had been once again before nj-new jersey’s Casino Reinvestment Development Authority (CRDA) last week. Straub is looking for a permit to use the resort.
Straub has performed renovations on the $2.4 billion shuttered property to add a ropes and cycling course that is 13-floor.
The changes required brand new traffic-flow permits from the CRDA, however the governing organization states it requires information that is additional. The CRDA has also dragged its feet in approving a casino permit for Revel, even though Straub has hired a gambling operator to manage the center’s gaming.
The CRDA argues Straub’s business, Polo North nation Club Inc., hasn’t filed the paperwork that is appropriate.
‘I can’t believe exactly how much bureaucracy there is in this state. This is just what nj-new Jersey is known for,’ Straub opined to reporters during a break. ‘This state stinks.’
Straub stated he’s got ‘other things you can 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 stopping on his $82 million investment he paid in 2015 to find the resort that is bankrupt. However, that’s chunk change compared to the $500 million Straub initially dedicated to the place that very first opened in 2012.
His plans of transforming the resort into a ‘recreation-based facility along with casinos’ have struck one roadblock after another.
Just four months ago, Straub told Forbes, ‘Atlantic City is just a place that is perfect put money. It’s going to multiply 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 month by announcing the closure of his Trump Taj Mahal.
Originally scheduled to start on June 15 as a hotel-only facility featuring the recreational activities, unattained permits have kept the lights dark at Revel.
Straub is now aiming for A october opening, but his patience is using thin.
‘ I do not have enough time become screwing with this stuff,’ Straub declared. ‘This is 10 times 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 finance the CRDA.
A series must be followed by the CRDA of regulations and licensing procedures, however the policies are certainly not making it easy for Straub to bring straight back Revel.
In the place of doing everything in its power to expedite the process, the CRDA seems to be centered on non-gaming entertainment.
The agency approved two measures that have nothing to do with the casino market at its meeting last week.
The agency agreed to sponsor a summer that is fifth concert with real time Nation, and also decided to invest $150,000 in the Garden State movie Festival over the next two years.
‘ The CRDA continues its mission to attract events and visitors to the populous city,’ CRDA Executive Director John Palmieri stated in a press release.
Unfortunately, at least for now, the CRDA isn’t attracting a half of the investor that is billion-dollar Straub.
Mount Airy Casino Challenges Pennsylvania’s $10 Million Annual Host Tax
As soon as best-known because the place to opt for crazy bathtubs that are adult-themed the Pennsylvania Pocono Mountains’ Mount Airy region has very long discovered gaming, and with it, a tax battle. (Image: usatoday.com)
For many folks over 40, say ‘Mount Airy in the Poconos,’ and images of eight-foot-tall champagne bubble shower and heart-shaped tubs immediately jump to mind. A few years straight back, the working-class resort area marketed the decidedly unique and memorable tubs to couples who desired some playtime that is entirely adult.
But now, one casino in what’s now referred to as the Pocono Mountains is doing something distinctly unromantic: fighting for its very own cash.
Mount Airy Casino Resort is asking the Pennsylvania Supreme Court to annul state gambling legislation that calls for gambling enterprises to spend ten dollars million yearly to its host city 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 in which they are located. The kicker is that the two percent must equal at minimum ten dollars million, otherwise the casino is on the hook to make the difference up.
But none of Pennsylvania’s twelve gambling enterprises also came near to grossing $500 million from slots last year, meaning all had to compose additional income tax checks.
Sheldon Adelson’s Sands Bethlehem is the casino that is largest, in terms of pure revenue, in Pennsylvania. The Las Vegas Sands property generated $288.9 million in gross terminal revenue during the last fiscal year.
At two percent, Sands’ true tax payment had been about $5.7 million. Meaning Adelson’s gaming business ended up being forced to pay the $4.3 million difference.
For Mount Airy, the distinction 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.