Archive for June, 2015

Nevada Has $1 Billion Month in May 2015, Thanks to the Mayweather/Pacquiao Fight

Nevada Has $1 Billion Month in May 2015, Thanks to the Mayweather/Pacquiao Fight

Written by Steve Larson | Tuesday, June 30th, 2015

Nevada had its first $1 billion-plus month in well over a year in May 2015, due to the influence of the Floyd Mayweather-Manny Pacquiao boxing match. According to the Nevada Gaming Control Board, May 2015 showed a 3.3% increase over May 2014. The bump in gaming revenues came despite the closure of an establishment, the […]

Phil Mickelson Part of an Illegal Sports Gambling Case, According to Several Sources

Phil Mickelson Part of an Illegal Sports Gambling Case, According to Several Sources

Written by Steve Larson | Monday, June 29th, 2015

Famed golfer Phil Mickelson is part of a federal investigation into an illegal sports betting operation, though he is not accused of a crime. According to ESPN’s Outside The Lines program, Mickelson made nearly $3 million in payments to an intermediary in “an illegal gambling operation which accepted and placed bets on sporting events”. Mickelson […]

Marco Rubio Is a New Co-Sponsor for Anti-Gambling RAWA Bill, Defends Stance

Marco Rubio Is a New Co-Sponsor for Anti-Gambling RAWA Bill, Defends Stance

Written by Steve Larson | Friday, June 26th, 2015

On Thursday, Republican presidential candidate Marco Rubio defended his support of the anti-online gambling bill, Restore America’s Wire Act. Senator Rubio also said his support of RAWA had nothing to do with his run for president or any alleged desire to solicit Sheldon Adelson’s political donations. The Washington Post has reported several times this year […]

Best Sunshine Casino in Saipan Interested in Hiring 180 U.S. Casino Workers

Best Sunshine Casino in Saipan Interested in Hiring 180 U.S. Casino Workers

Written by Steve Larson | Thursday, June 25th, 2015

Saipan’s Best Sunshine International Casino plans to hire 180 experience U.S. casino workers, including dealers, cashiers, and shift managers. Saipan is a commonwealth of the United States, located in the Marianas Island chain. The inhabitants of the island of 48,220 people are considered U.S. citizens and the island is governed by American federal laws. Any […]

3rd Circuit Court of Appeals Should Rule on New Jersey Sports Betting Soon

3rd Circuit Court of Appeals Should Rule on New Jersey Sports Betting Soon

Written by Steve Larson | Wednesday, June 24th, 2015

Tomorrow is the first day the 3rd Circuit Court of Appeals is set to rule on the longstanding New Jersey sports betting case. The decision should go a long way to setting federal policies on sports gambling for years to come. The case stems from a lawsuit filed in October 2014 by America’s five most […]

Experts Laugh at Rumors of a Wynn Resort and MGM Resorts Merger

Experts Laugh at Rumors of a Wynn Resort and MGM Resorts Merger

Written by Steve Larson | Tuesday, June 23rd, 2015

CNBC financial gury and show host Jim Cramer recently launched the rumor that MGM Resorts and Wynn Resorts “might merge“. The blogosphere lit up with discussions of the subject, while serious analysts laughed off the idea. Given the prominence of the source and the reaction, several attempts to analyze such a merger appeared. Few people […]

Jim Murren Says MGM Resorts Will Not Build Another Vegas Strip Casino in His Tenure

Jim Murren Says MGM Resorts Will Not Build Another Vegas Strip Casino in His Tenure

Written by Steve Larson | Monday, June 22nd, 2015

Jim Murren, the Chairman and CEO of MGM Resorts International, said he does not expect to build any more casinos in Las Vegas during his time with the Strip’s biggest gaming company. With Bellagio, Mandalay Bay, The Mirage, CityCenter, and MGM Grand as a Las Vegas Strip properties for his company, Murren sees no reason […]

Las Vegas Casino Legend Kirk Kerkorian Dies at the Age of 98

Las Vegas Casino Legend Kirk Kerkorian Dies at the Age of 98

Written by Steve Larson | Friday, June 19th, 2015

Kirk Kerkorian, the Armenian-American billionaire who helped transform Las Vegas into the gambling capital it is today, died this week at the age of 98. Kirk Kerkorian was the man who made MGM Resorts into one of the world’s leading international gaming corporations, while creating the concept of the “mega-resort”. Over the years, Kerkorian built […]

New Oregon Video Lottery Machines Generate More Revenues and Controversy

New Oregon Video Lottery Machines Generate More Revenues and Controversy

Written by Steve Larson | Thursday, June 18th, 2015

The Oregon Lottery is replacing old video lottery machines with new VLMs and the move is causing gambling recovery advocates to protest. The rollout of the state-of-the-art machines promises players the ability to play more games at one time, while betting less money on each of those games. Casual readers might think a gaming machine […]

Cleveland Cavaliers Installed as 9:4 Favorites to Win 2016 NBA Finals, Despite 2015 Loss

Cleveland Cavaliers Installed as 9:4 Favorites to Win 2016 NBA Finals, Despite 2015 Loss

Written by Steve Larson | Wednesday, June 17th, 2015

Despite the Golden State Warriors’ NBA Finals victory over the Cleveland Cavaliers last night, Westgate Las Vegas SuperBook has already installed the Cavs as the early 9:4 favorites to win the 2016 NBA Championship. The line was set only hours after the Warriors beat the Cavaliers in Game Six of the 2015 NBA Finals, 105-97, […]