Las Vegas, Nevada Oddsmakers Are March Madness’ Big Winners After Two Rounds

Las Vegas, Nevada Oddsmakers Are March Madness’ Big Winners After Two Rounds

Las Vegas oddsmakers are welcoming in spring with available hands. After a run of year which was filled up with underdogs overcoming long chances, the NCAA men’s basketball tournament is supplying casino sportsbooks with the perfect elixir.

It has been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.

Utilizing the first week of March Madness in the books, it had been the oddsmakers in Nevada that played the hand that is winning the sports bettors.

With all the top-seeded and champion that is defending Wildcats out, as well as No. 2 seeds Duke and Louisville, many brackets and wagers were busted. And that is good news for the household.

Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We fundamentally became Caesars Palace federal reserve and had been printing money.’

Vegas was due for a strong follow a 2016 that was filled up with prediction and activities chaos that is betting. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the planet Series, Cleveland winning the NBA Finals, Clemson upending Alabama in university football, plus the ‘Brexit’ vote kept both domestic and international oddsmakers guessing.

While publications in Nevada have largely weathered the storm, the March Madness victory to date is obviously welcomed.

Duke Loss, Vegas Win

The Duke Blue Devils a Continue reading “Las Vegas, Nevada Oddsmakers Are March Madness’ Big Winners After Two Rounds”

New York State Senate Factors Revenue from Online Poker into Draft Budget Plan

New York State Senate Factors Revenue from Online Poker into Draft Budget Plan

This new York State Senate has included revenue from legalized, regulated online poker in its 2017-18 budget plan. But before you New York poker players break the ticker tape start out dancing, a few caveats.

All eyes is going to be on Gary Pretlow this year, since the New York State Assemblyman has insisted he will put his weight behind online poker into the lower chamber.

First, online poker was also within the draft that is first of Senate’s 2016-17 budget and yet regulation did not happen. It was left out of the final version.

And second, neither the homely House nor Governor Andrew Cuomo has made room for on-line poker regulation in their own budget plans.

The next thing, then, lies in the Senate convincing the home in the future up to speed with their plan, or at least the online poker part of it. Whether the House is willing and able is truly anyone’s guess.

Poker inside your home

Senator John Bonacic’s internet poker bill sailed through the Senate last year, passed away by an emphatic margin of 53 to 5. But Bonacic’s counterpart in the lower chamber, Representative Gary Pretlow, dragged his heels, grumbling about any of it being a ‘1000-1 shot’ and, at one point, even questioned whether poker had been a game of ability at all.

It had been an astonishing statement since certainly one of the principle aims of the bill he had been sponsoring was to reclassify poker as a casino game of ski Continue reading “New York State Senate Factors Revenue from Online Poker into Draft Budget Plan”

Bicycle Casino in Southern California Raided by Federal Detectives

Bicycle Casino in Southern California Raided by Federal Detectives

The Bicycle Casino is including another chapter that is scandalous its notorious story. The Southern California cardroom and hotel outside of la in Bell Gardens was raided by federal officials on Tuesday morning, but law enforcement divisions are remaining peaceful on the information on the operation.

Governor Jerry Brown (D), left, attended the ribbon cutting of the Bicycle Casino’s hotel expansion in 2015 alongside Bike Managing General Partner and CEO Hashem Minaiy. Couple of years later, the owners are now allegedly entangled in a federal financial investigation.

The raid has been carried down by the usa Department of Homeland protection, and its Immigration and Customs Enforcement (ICE). According to neighborhood media reports, the US Attorney’s Office, IRS, California Bureau of Gambling Control, and the Financial Crimes Enforcement Network (FinCEN) are also involved.

ICE spokeswoman Virginia Kice said, ‘Because the warrant is under seal, we aren’t able to comment on the nature or scope of the investigation.’

Nonetheless, Fox 11 in Los Angeles says the sting is in response to alleged money allegations that are laundering the casino. All gambling is shutdown as investigators sweep the Bike, because it’s affectionately known.

Since 1996, FinCEN has required casinos to file Currency Transaction Reports for just about any customer transacting $10,000 or higher in a day.

Dirty Money Crackdown

All signs point to Continue reading “Bicycle Casino in Southern California Raided by Federal Detectives”

Galaxy Macau Expansion Devoted Nearly Totally to Non-Gaming

Galaxy Macau Expansion Devoted Nearly Totally to Non-Gaming

Galaxy Macau is readying to commence construction on the resort’s third and fourth stages, however the multibillion-dollar expansion won’t add much square footage in regards to gaming room.

Billionaire Lui Che Woo says the following two expansions at Galaxy Macau will focus on the non-gaming guest.

In its 2016 yearly report, which was filed just a week ago, Galaxy Entertainment reveals some of the blueprints for its five-star flagship resort based on the Cotai Strip. The Hong-Kong-based company hopes to commence construction on stage three in the late first quarter or very early second quarter of 2017.

Citing Macau’s ‘Tourism Industry Arrange,’ which aims to make the gambling city less reliant on gaming revenue in favor for the mass market, Galaxy states its additions will be used for activity and activities that are recreational.

‘Galaxy Entertainment continues to move forward with Phases 3 and 4 . . . with practically all floor areas assigned to non-gaming and primarily targeting MICE (meetings, incentives, conferences, and exhibitions),’ Galaxy Chairman Lui Che Woo said in the report.

Mass Appeal

Galaxy Macau exposed in May of 2011 at a cost of HK$16.5 billion ($2.1 billion). The resort during the right time featured over 2,200 rooms across three accommodations.

From its beginning, Galaxy Macau has been more concentrated on a wider demographic of guests compared to other companies invested in the region. As so Continue reading “Galaxy Macau Expansion Devoted Nearly Totally to Non-Gaming”