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July 28, 2014

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Proponents bet on legalization of sports wagering in New Jersey

(via Greater Media Newspapers)

Comment Despite a federal ban on sports betting, stakeholders expect Monmouth Park to host legalized sports betting by the start of the NFL season. Their optimism is due to the progress of a state bill, S2250/A3476, which passed the Senate in a 38-1 vote on June 26 after clearing the Assembly in a 63-2 vote. The legislation would repeal the state ban now in place and authorizes sports betting at casinos ...

With talk of LeBron’s return, Cavaliers appeal to Vegas bettors

(via espn.com)

Comment More bets have been placed on the Cleveland Cavaliers to win the 2015 NBA title than on any other team at the Las Vegas Superbook. LeBron James hasn't committed to return to the Cavaliers. But some betting money sure has. "They are our biggest liability right now," said MGM VP of Race and Sports Jay Rood. "We took a dime ...

In Las Vegas, defying the odds of reality

(via The New York Times)

Comment My approach to Las Vegas had always been to let everyone else visit it first. To humanity I said, “No, after you.” But there it was on the map, unavoidably lodged smack on the route of a planned road trip across the American West. It would take too much effort to avoid. So my traveling companions and I went for ...

Lottery mystery yields clues to $7.5 million prize

(via philly.com)

Comment [{"text":"Lottery’s ‘luckiest woman’ bet flabbergasting sums on scratch-offs","url":"http://lasvegassun.com/blogs/elsewhere/2014/jul/01/lotterys-luckiest-woman-bet-flabbergasting-sums-sc/"},{"text":"How lottery legend from Las Vegas likely used odds, Uncle Sam to win millions","url":"http://lasvegassun.com/blogs/elsewhere/2014/jul/02/how-lottery-legend-joan-ginther-likely-used-odds-u/"}] Third of three parts. Ever notice that instant lottery tickets are consecutively numbered? Ever wonder if those numbers could help in a hunt for riches? They theoretically can, at least in Texas. They helped us create a list, predicting ...

Cliven Bundy’s war: Inside the rancher’s independent sovereign republic

(via GQ)

Comment It's April in the Nevada desert, not even 11 A.M., and the heat is already physical, like something you could lean on. To those not yet accustomed to the republic, like myself, there's a feeling of unreality to it. Even the view from up here... To see the full story, click here.

Caesars turnaround odds hobbled by default-swap volumes

(via Bloomberg)

Comment Caesars Entertainment Corp. (CZR)’s ability to negotiate a debt exchange that keeps it out of bankruptcy is being complicated by a surge in credit-default swaps that would be profitable if the casino operator defaults. The net amount of outstanding contracts... To see the full story, click here.

How lottery legend from Las Vegas likely used odds, Uncle Sam to win millions

(via philly.com)

Comment [{"text":"Lottery’s ‘luckiest woman’ bet flabbergasting sums on scratch-offs","url":"http://lasvegassun.com/blogs/elsewhere/2014/jul/01/lotterys-luckiest-woman-bet-flabbergasting-sums-sc/"}] Second of three parts. Joan Ginther wasn’t necessarily lottery loco. Maybe it wasn’t a case of dumb luck, but smart luck. She may have purchased at least 80,000 pricey tickets worth $2 million or more, according to expert analysis of 28 instant prizes she won, including three totalling $15 million. To see ...

Worst of Macau’s gambling slowdown is seen as over

(via Investor's Business Daily)

Comment Revenue for Macau casinos fell in June, confirming what analysts have been forecasting for months, but casino stocks jumped on hopes that the worst of the recent slowdown may be over. Macau's Gaming Inspection and Coordination Bureau said Tuesday that gross gaming revenue in June was $3.41 billion, down 3.7% from a year ago. That was the first annual decline ...

Lottery’s ‘luckiest woman’ bet flabbergasting sums on scratch-offs

(via philly.com)

Comment For years, people who dream of beating the lottery have puzzled over the amazing case of Joan Ginther, who made headlines around the world by scratching off “10MILL” on a $50 instant ticket in June 2010 to win her fourth multimillion-dollar prize. Skeptics wondered if she cheated or had an ingenious system for pinpointing winners. After all, Ginther received a ...

Floyd Mayweather confirms he will fight Marcos Maidana again in September

(via Daily Mail)

Comment Floyd Mayweather Jnr is set to face Marcos Maidana for a second time when he returns to the ring this autumn. The pound-for-pound No 1 was given a tough test when the pair met at the MGM Grand in Las Vegas in May, before winning on points. And Mayweather confirmed they will meet again on September 13. To see the ...

EDM power players: The executives

(via Billboard)

Comment Who are the masters of the $6.2 Billion EDM universe? These tastemakers are dazzling the industry with the intensity of a stunning laser show. To see the full story, click here.

Nanny from hell? Fired caretaker won’t leave California home

(via Reuters)

Comment A California family is exasperated — and fearful — after a 64-year-old woman they hired as a live-in nanny stopped working and has refused to move out of their home after being fired. Marcella Bracamonte says she and her husband, Ralph, hired Diane Stretton in early March to do chores and watch over their children, ages 11, 4 and 1, ...

Hedge funder says massive heist may have been Macau’s ‘Lehman’ moment

(via Business Insider)

Comment In April, Huang Shan, a shareholder in the Kimren Group, one of Macau's top high-roller promoters, took $1.3 billion worth of the company's money and vanished. Now Macau's entire junket funding system is facing a crisis of faith that could change the face of Asia's gambling mecca as we know it. To see the full story, click here.

Atlantic City’s Showboat Casino to announce closing Friday

(via Press of Atlantic City)

Comment The Showboat Atlantic City Hotel and Casino will tell workers Friday that it is closing, says Bob McDevitt, president of Unite HERE Local 54. “I know that the workers are getting issued WARN Act notices tomorrow,” he said. “We were notified by the company today and we began notifying the workers immediately.” The casino had more than 2,100 workers as ...

Redskins sign undrafted UNLV wide receiver Jerry Rice Jr.

(via The Washington Post)

Comment Undrafted free agent wideout Jerry Rice Jr. — yes, the son of the NFL’s all-time leading receiver — announced via Instagram that he has signed a contract with the Redskins. Rice, who finished his college career at UNLV after playing sparingly in four years at UCLA, tried out with the Ravens and 49ers earlier this year. To see the full ...