
The controversial 2016 Rio Summer Olympics are officially in the publications, but the sports publications 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 and something bronze medal, carried a flag during the closing ceremonies. But Nevada sports books had little to wave a flag about by the end of the day.
Action was slower than sluggish, according to those who just take wagers in vegas’ biggest gambling enterprises. Perhaps a few of the lesser known events simply don’t jibe with the normal sports that are american. From badminton and canoe slalom, to rhythmic gymnastics and swimming that is synchronized Las 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 big baseball game, regular period,’ Mirage oddsmaker Jay Rood said this month.
The disappointing, yet not olympics that are totally unexpected Nevada casinos might result in less enthusiasm for the 2018 Winter Olympics in Southern Korea since well. It had been no effortless feat for oddsmakers to get ready lines for a host of athletic disciplines most had been utterly unfamiliar with.
Big Bets, Little Pay
Even the casual sports fan understands the name Michael Phelps, therefore the most decorated Olympian ever lived up to his hype. Phelps won five associated with the six events he competed in and departed his final Olympics with 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 had been a -300 favorite within the 100m butterfly, and his 4x200m freestyle relay group 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 800m freestyle. Those looking to benefit off Ledecky’s dominance needed to wager a staggering $25,000 to win simply $100.
As crazy as that sounds, it was a bet that is good as Ledecky cruised to a world-record time and beat the silver medalist by nearly 12 moments.
Team USA basketball men and women also wowed bookies in Nevada. The guys 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 of the participants with 121 total gold, silver, and bronze. China placed second with 70, and Great Britain third at 67.
Host nation Brazil won 19 medals that are total and garnered plenty of criticism as well. Insufficient housing, contaminated water, criminal activity, and final but certainly not least, Zika, all plagued the lead-up to the competition.
Lochte and Loaded
The games were definitely not without scandal before US swimmer Ryan Lochte took center phase, with incidents of rape and robbery being reported in the first few days alone. 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 sunlight.
In what would later be a fable concocted by the medal that is 12-time, Lochte’s tale about being robbed at gunpoint almost entirely took over the final times of the Olympics.
‘I over-exaggerated that story,’ Lochte told NBC within the weekend. ‘They place on a great games. . . [but] my behavior that is immature tarnished a little, and I also don’t desire that.’
Their mea culpas may have come too late, however. 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 decisions that are bad of it. It’s unclear whether his other backers, including Gillette, Gatorade, and AT&T, is going to do the same.
The International Olympic Committee (IOC) will more than likely never be rushing straight back up to a developing nation anytime soon again, but however, left the nation on a note that is positive.
‘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 Drive for Legal Sport Betting
Assemblyman Gary Pretlow wants sports gambling for New York but admits you will find significant legal dilemmas in his way. (Image: Jefferson Siegel/New York Daily Information)
New York Assemblyman Gary Pretlow wants to create legal activities wagering to New York State. Pretlow was instrumental in orchestrating the regulation of day-to-day dream sports in New York and sees no good reason to quit while he’s on a roll.
Pretlow told the Democrat Chronicle this week that, like New Jersey in recent years, he wanted to test federal opposition to sports betting, and much more particularly PASPA, the expert and Amateur Sports Protection Act 1992, which
‘I’m considering in 2010 putting in legislation similar to New Jersey’s legislation, and hopefully it gets to court in the Second Circuit, and hopefully we get a opinion that is different’ he said. ‘I am a believer in legalizing recreations betting.’
Concern About ‘Vice Bills’
But first a legislative push would have to persuade both chambers that appropriate activities betting is the right thing for New York, at a time once the state is cautious about passing more alleged ‘vice bills,’ after the legalization of casino gaming, MMA and now DFS. The question of legalizing sports betting would additionally most likely require an amendment to the state constitution by public referendum.
‘ Any conversation of legalizing sports gambling in NY is premature only at that point,’ Pretlow conceded. ‘There are significant legal dilemmas to start thinking about 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. Previously this the United States Court of Appeals for the Third Circuit blocked New Jersey’s attempt to offer sports betting at its casinos and racetracks once again, ruling that it would be a violation of PASPA month.
PASPA ‘Not Fair’
‘It’s not reasonable that only one state is allowed to legitimately simply take sports bets,’ Pretlow said, inaccurately.
While Nevada is the only state that offers full-scale recreations wagering, Oregon, Delaware and Montana are also legally permitted to do so, having being exempted by PASPA because they had currently legalized ahead of the passage regarding the bill in 1992. Delaware offers sports that are limited at its racetracks, while Oregon and Montana simply choose not to.
The United states Gaming Association, which advocates for the legalization and certification of sports betting, has said that 80 % of Super Bowl people are and only https://myfreepokies.com/pelican-pete/ regulation, while 65 believe that is percent sports betting will either bolster 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 per cent of it legally. year’
Glenn Straub Threatens to Abandon Revel Atlantic City
Revel Atlantic City owner Glenn Straub states time is running down 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 real estate millionaire was once again before nj-new jersey’s Casino Reinvestment Development Authority (CRDA) last week. Straub is looking for a permit to work the resort.
Straub has performed renovations regarding the $2.4 billion shuttered property to add a ropes and 13-floor cycling program.
The changes required new traffic-flow permits from 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 center’s gaming.
The CRDA argues Straub’s business, Polo North nation Club Inc., hasn’t filed the appropriate paperwork.
‘I can’t believe how much bureaucracy here is in this state. This is just what New Jersey is known for,’ Straub opined to reporters during a break. ‘This state stinks.’
Straub said he’s got ‘other activities to do’ then wait on New Jersey and Atlantic City officials.
Straub’s Bluff?
Straub seemed resolute in professing his willingness to abandon Revel in its entirety, but that would mean quitting on his $82 million investment he paid in 2015 to find the bankrupt resort. However, that’s amount change compared to the $500 million Straub initially devoted to the location that very first opened in 2012.
His plans of converting the resort into a ‘recreation-based facility along with casinos’ have hit 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 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 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 intending for an opening, but his patience is wearing thin october.
‘ I don’t have enough time to be screwing with this stuff,’ Straub declared. ‘This is 10 times even worse than just what it would be anyplace else.’
After Which There Were Seven
When the Trump Taj Mahal closes on October 10, only seven gambling enterprises will stay in Atlantic City. 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, but the policies are definitely not making it simple for Straub to create back Revel.
Rather than doing everything in its power to expedite the procedure, the CRDA appears to be centered on non-gaming activity.
At its meeting the other day, the agency approved two measures that have nothing to do aided by the casino market.
The agency agreed to sponsor a fifth summer beach concert with Live 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 city,’ CRDA Executive Director John Palmieri stated in a press launch.
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 due to the fact place to opt for crazy adult-themed bathtubs, the Pennsylvania Pocono Mountains’ Mount Airy region 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 bath and tubs that are heart-shaped jump to mind. A couple of years 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 called to as the Pocono Mountains is doing something decidedly unromantic: fighting for its very own cash.
Mount Airy Casino Resort is asking the Pennsylvania Supreme Court to annul state gambling legislation 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 are located. The kicker is that the two percent must equal at minimum ten dollars million, otherwise the casino is in the hook to make the difference up.
But none of Pennsylvania’s twelve gambling enterprises also came close to grossing $500 million from slots a year ago, meaning all had to write extra income tax checks.
Sheldon Adelson’s Sands Bethlehem is the largest casino, 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 ended up being about $5.7 million. Meaning Adelson’s gaming company was forced to pay the $4.3 million difference.
The difference was even more substantial for Mount Airy. The northeast Pennsylvania casino pulled in just $139.1 million in terminal income, meaning its two percent payment ended up being $2.78 million, with $7.22 million tacked on.
