2016 Rio Summer Olympics Summary, Nevada Sports Betting Does Not Medal
The controversial 2016 Rio Summer Olympics are officially in the publications, but the activities publications in Nevada had little interest in their outcome. For the time that is first 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 options.
American gymnast Simone Biles, who took home four gold and another medal that is bronze carried a flag through the closing ceremonies. But Nevada sports books had little to wave a flag about at the end of the time.
Action was slower than slow, according to those who take wagers in vegas’ biggest casinos. Perhaps a number of the lesser known events simply did not jibe with the conventional American sports bettor. From badminton and canoe slalom, to rhythmic gymnastics and swimming that is synchronized Vegas sports books lined up the odds, but few took them.
‘We most likely have actually taken about as much in Olympic wagers as we might on a baseball that is big, regular season,’ Mirage oddsmaker Jay Rood pelican pete free online slots stated this month.
The disappointing, yet not olympics that are totally unexpected Nevada casinos might induce less passion for the 2018 Winter Olympics in South Korea as well. It was no simple feat for oddsmakers to organize lines on a host of athletic disciplines most had been utterly not really acquainted 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 of the 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 nearly off the chart.
At Bovada, Phelps was a -300 favorite in the 100m butterfly, and his 4x200m freestyle relay team needed a $700 bet to win $100.
But it was fellow US swimmer Katie Ledecky who got the most respect in the pool with the freestyle that is 800m. Those seeking to benefit off Ledecky’s dominance needed to wager a staggering $25,000 to win simply $100.
As crazy as that sounds, it in fact was a good bet, as Ledecky cruised to a world-record time and beat the silver medalist by nearly 12 moments.
Team USA basketball people also wowed bookies in Nevada. The men were -2500 favorites and the ladies were listed at -1400. Both won their tournaments.
Overall, Team USA won the greatest medal count of all participants with 121 total gold, silver, and bronze. China placed second with 70, and Great Britain 3rd at 67.
Host nation Brazil won 19 medals that are total and garnered plenty of criticism as well. Insufficient housing, contaminated water, crime, and last but 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 days that are few. But Lochte’s actions overshadowed a lot of the final few days of the Games, in what athletes that are many have considered a cloud over their moment in the sun.
In what would later on be a fable concocted by the 12-time medal champion, 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 on the weekend. ‘They place on a games which are great . . [but] my behavior that is immature tarnished a little, and I also don’t desire that.’
Their mea culpas may have come too late, but. 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 decisions that are bad from it. It’s unclear whether their other backers, including Gillette, Gatorade, and AT&T, does the exact same.
The International Olympic Committee (IOC) will probably never be rushing right back up to a developing nation anytime soon again, but however, left the nation on a good 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 recreations gambling 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 legal sports betting to Ny State. Pretlow was instrumental in orchestrating the regulation of daily fantasy activities in New York and views no reason to quit while he’s on a roll.
Pretlow told the Democrat Chronicle this week that, like New Jersey in recent years, he desired to test federal opposition to sports betting, and much more especially PASPA, the Professional and Amateur Sports Protection Act 1992, which
‘I’m considering this season putting in legislation much like nj’s legislation, and hopefully it gets to court within the Second Circuit, and hopefully we get a different opinion,’ he said. ‘I am a believer in legalizing recreations wagering.’
Concern About ‘Vice Bills’
But first a push that is legislative have to convince both chambers that appropriate activities wagering could be the right thing for New York, at any given time once the state is cautious with passing more so-called ‘vice bills,’ following the legalization of casino gaming, MMA and now DFS. The question of legalizing sports gambling would also probably require an amendment towards 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 appropriate dilemmas to start thinking about before undertaking this endeavor.’
It’s difficult to see how ny could succeed in the federal courts, where nj-new jersey has failed at every turn. Previously this month, the United States Court of Appeals for the Third Circuit blocked nj-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 reasonable that only one state is permitted to legally take activities 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 currently legalized ahead of the passage associated with the bill in 1992. Delaware offers restricted sports betting at its racetracks, while Oregon and Montana simply choose not to.
The United states Gaming Association, which advocates for the legalization and licensing of sports betting, has said that 80 percent of Super Bowl watchers are and only regulation, while 65 percent trust regulated sports betting will either bolster the integrity of games or have no impact on game outcomes.
‘This law [PASPA] has failed miserably,’ said AGA Chairman Geoff Freeman recently. ‘People in america spend an approximated $150 billion a year wagering on sports, only 3 percent of it lawfully.’
Glenn Straub Threatens to Abandon Revel Atlantic City
Revel Atlantic City owner Glenn Straub says time is operating away for local officials to accept his casino and hotel permits, otherwise he’s ready to abandon ship. (Image: Jacqueline Urgo/Philadelphia Inquirer)
Developer Glenn Straub says he’s considering abandoning their resurrection plans for Revel Atlantic City unless local officials in New Jersey change their ways that are governing.
The Florida-based property millionaire ended up being once again before nj’s Casino Reinvestment Development Authority (CRDA) last week. Straub is looking for a permit to use the resort.
Straub has performed renovations in the $2.4 billion shuttered home to add a ropes and 13-floor cycling program.
The changes required brand new traffic-flow permits through the CRDA, but the governing organization claims it requires extra information. The CRDA has also dragged its legs in approving a casino permit for Revel, despite the fact that Straub has hired a gambling operator to handle the center’s gaming.
The CRDA argues Straub’s company, 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 just what nj-new Jersey is well 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 seemed resolute in professing his willingness to abandon Revel in its entirety, but that would mean giving up on his $82 million investment he paid in 2015 to find the bankrupt resort. However, that’s chunk change set alongside the $500 million Straub initially devoted to the location that first opened in 2012.
His plans of converting the resort into a ‘recreation-based center along with casinos’ have struck one roadblock after another.
Just four months ago, Straub told Forbes, ‘Atlantic City is really a perfect place 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 coastline town. Icahn changed his mind this by announcing the closure of his Trump Taj Mahal month.
Originally scheduled to start 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 aiming for an opening, but his patience is wearing thin october.
‘ I do not have enough time to be screwing with this stuff,’ Straub declared. ‘This is 10 times worse than just 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 town’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 right back Revel.
Rather than doing everything in its capacity to expedite the procedure, the CRDA seems to be centered on non-gaming activity.
At its meeting a week ago, the agency approved two measures that have absolutely nothing to do because of the casino market.
The agency agreed to sponsor a summer that is fifth concert with real time Nation, and also decided to spend $150,000 regarding 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 said 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 as the place to opt for crazy bathtubs that are adult-themed the Pennsylvania Pocono Mountains’ Mount Airy region has very long found video gaming, and with it, a tax fight. (Image: usatoday.com)
For many people over 40, say ‘Mount Airy in the Poconos,’ and images of eight-foot-tall champagne bubble shower and heart-shaped tubs immediately jump in your thoughts. A few decades 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 exactly is now called to as the Pocono Mountains is doing something distinctly unromantic: fighting for its own money.
Mount Airy Casino Resort is asking the Pennsylvania Supreme Court to annul state gambling legislation that calls for gambling enterprises to pay $10 million annually 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 in which they are located. The kicker is that the two percent must equal at minimum $10 million, otherwise the casino is on the hook to make up the difference.
But none of Pennsylvania’s twelve casinos also came near to grossing $500 million from slots this past year, meaning all had to compose extra taxation checks.
Sheldon Adelson’s Sands Bethlehem is the casino that is largest, with regards to pure revenue, in Pennsylvania. During the last fiscal year, the Las Vegas Sands property produced $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 huge difference had been even bigger. The northeast Pennsylvania casino pulled in just $139.1 million in terminal income, meaning its two payment that is percent $2.78 million, with $7.22 million tacked on.