2016 Rio Summer Olympics Wrap Up, Nevada Sports Betting Doesn’t Medal

2016 Ri<span id="more-6912"></span>o Summer Olympics Wrap Up, Nevada Sports Betting Doesn’t 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 with 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 bronze medal, carried a flag throughout 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 Las Vegas’ biggest gambling enterprises. Perhaps some of the lesser known events just did not jibe with the typical American sports bettor. From badminton and canoe slalom, to rhythmic gymnastics and swimming that is synchronized Las Vegas recreations 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 said this month.

The disappointing, yet not olympics that are totally unexpected Nevada casinos might trigger less passion for the 2018 Winter Olympics in Southern Korea as well. It was no feat that is easy oddsmakers to prepare lines for a host of athletic disciplines most had been utterly new to.

Big Bets, Little Pay

Even the casual sports fan knows the name Michael Phelps, and the most decorated ever that is olympian up to his hype. Phelps won five of this six events he competed in and departed his olympics that are final a total of 23 gold medals.

And for bettors in the Silver State, the lines on Phelps were almost off the chart.

At Bovada, Phelps had been a -300 favorite into the butterfly that is 100m and his 4x200m freestyle relay team 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 freestyle that is 800m. Those looking to profit off Ledecky’s dominance needed to wager a staggering $25,000 to win just $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 seconds.

Team USA basketball women and men also wowed bookies in Nevada. The men were -2500 favorites and the ladies had been 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. Asia put second with 70, and Great Britain 3rd at 67.

Host nation Brazil won 19 total medals, 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 most certainly not without scandal before US swimmer Ryan Lochte took center stage, with incidents of rape and robbery being reported in the first few days alone. But Lochte’s actions overshadowed a lot of the last few days of the Games, in what many athletes might have considered a cloud over their moment in the sun’s rays.

In what would later on be a fable concocted by the medal that is 12-time, Lochte’s tale about being robbed at gunpoint almost completely took over the last days of the Olympics.

‘I over-exaggerated that story,’ Lochte told NBC on the week-end. ‘They put on a games which can be great . . [but] my immature behavior tarnished that a little, and I don’t wish that.’

Their mea culpas may too have come late, however. 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 of it. It’s unclear whether their other backers, including Gillette, Gatorade, and AT&T, is going to do the same.

The International Olympic Committee (IOC) will more than likely not be rushing back to a developing nation anytime soon again, but nonetheless, left the nation on a positive 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 wagering for New York but admits you can find significant issues that are legal his way. (Image: Jefferson Siegel/New York Daily Information)

New York Assemblyman Gary Pretlow wants to bring sports that are legal to Nyc State. Pretlow was instrumental in orchestrating the regulation of daily fantasy activities in New York and views no good reason to give up while he’s for a roll.

Pretlow told the Democrat Chronicle this week that, like New Jersey in recent years, he desired to test federal opposition to sports wagering, and more particularly PASPA, the expert 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 in the Second Circuit, and hopefully we obtain a different opinion,’ he said. ‘I am a believer in legalizing sports wagering.’

Concern About ‘Vice Bills’

But first a push that is legislative have to persuade both chambers that appropriate recreations wagering could be the right thing for New York, at a time if the state is cautious with passing more so-called ‘vice bills,’ following legalization of casino gaming, MMA now DFS. The question of legalizing sports gambling would also probably need an amendment to your continuing state constitution by public referendum.

‘ Any discussion of legalizing sports betting in NY is premature as of this point,’ Pretlow conceded. ‘There are significant legal issues to start thinking about before undertaking this undertaking.’

It’s difficult to see how nyc could succeed in the courts that are federal where New Jersey has failed at every turn. Early in the day 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 permitted to lawfully simply take recreations bets,’ Pretlow said, inaccurately.

While Nevada is the state that is only offers full-scale recreations wagering, Oregon, Delaware and Montana are also lawfully allowed to do so, having being exempted by PASPA because they had currently legalized prior to the passage associated with the bill in 1992. Delaware offers sports that are limited at its racetracks, while Oregon and Montana simply choose not to ever.

The United states Gaming Association, which advocates for the legalization and certification of sports betting, has said that 80 per cent of Super Bowl people are and only regulation, while 65 believe that is percent sports betting will either strengthen 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 a calculated $150 billion a betting on sports, only 3 % from it legally. year’

Glenn Straub Threatens to Abandon Revel Atlantic City

Revel Atlantic City owner Glenn Straub states time is operating away for local officials to accept their casino and resort 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 governing ways.

The Florida-based real-estate millionaire ended up being once again before nj’s Casino Reinvestment Development Authority (CRDA) last week. Straub is looking for a permit to operate the resort.

Straub has performed renovations on the $2.4 billion shuttered home to include a ropes and 13-floor cycling course.

The changes needed new traffic-flow allows from the CRDA, however the governing organization states it needs 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 control the facility’s gaming.

The CRDA argues Straub’s business, Polo North Country Club Inc., hasn’t filed the appropriate documents.

‘I can’t think exactly how much bureaucracy here is in this state. This is exactly what nj-new Jersey is known for,’ Straub opined to reporters during a break. ‘This state stinks.’

Straub said he’s got ‘other things to do’ then wait on New Jersey and Atlantic City officials.

Straub’s Bluff?

Straub seemed resolute in professing their willingness to abandon Revel in its entirety, but that would mean stopping on his $82 million investment he paid in 2015 to get the bankrupt resort. However, that’s amount change set alongside the $500 million Straub initially focused on the location that very first opened in 2012.

His plans of converting the resort into a ‘recreation-based center along with casinos’ have hit one roadblock after another.

Just four months ago, Straub told Forbes, ‘Atlantic City is really a perfect spot to place 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 hotel-only facility featuring the recreational activities, unattained permits have kept the lights dark at Revel.

Straub is now aiming for A october opening, but his patience is putting on thin.

‘ I don’t have time to be screwing with this stuff,’ Straub declared. ‘This is 10 times even worse than just what it would be anyplace else.’

And Then myfreepokies.com There Were Seven

When the Trump Taj Mahal closes on October 10, only seven gambling enterprises will remain in Atlantic City. The town’s casinos all pay 1.25 percent of gross gaming revenues to finance the CRDA.

The CRDA must follow a series of regulations and licensing procedures, nevertheless the policies are most certainly not making it easy for Straub to create right back Revel.

In the place of doing everything in its capacity to expedite the procedure, the CRDA appears to be focused on non-gaming entertainment.

The agency approved two measures that have nothing to do with the casino market at its meeting last week.

The agency agreed to sponsor a summer that is fifth concert with real time Nation, and also agreed to spend $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 populous city,’ CRDA Executive Director John Palmieri stated in a press release.

Unfortunately, at least for now, the CRDA isn’t attracting a half of a billion-dollar investor in Straub.

Mount Airy Casino Challenges Pennsylvania’s $10 Million Annual Host Tax

Once best-known as the place to go with crazy bathtubs that are adult-themed the Pennsylvania Pocono Mountains’ Mount Airy region has very long found video gaming, and along with it, a tax battle. (Image: usatoday.com)

For many folks 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. Several years straight back, the working-class resort area marketed the decidedly unique and memorable tubs to couples who wanted some totally adult playtime.

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 requires casinos to spend $10 million yearly to its host town or town.

Senate Bill 862, signed and passed into law back in 2006, mandates that casinos pay two percent of gross slots revenue to the township in which they’re located. The kicker is the fact that two percent must equal at minimum $10 million, otherwise the casino is in the hook to make up the huge difference.

But none of Pennsylvania’s twelve gambling enterprises even came close to grossing $500 million from slots year that is last 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. 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 was 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 simply $139.1 million in terminal income, meaning its two payment that is percent $2.78 million, with $7.22 million tacked on.

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