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 books in Nevada had little interest in their outcome. For the first time since the Sydney Games in 2000, sports betting was permitted in the Silver State for this year’s 16 days of competition, but evidently, bettors were less than excited about their options.

American gymnast Simone Biles, who took home four gold plus one bronze medal, carried a flag throughout the closing ceremonies. But Nevada sports books had little to wave a flag about at the end of the day.

Action was slower than slow, according to those who just take wagers in Las vegas, nevada’ biggest casinos. Perhaps a few of the lesser known events just did not jibe with the typical sports that are american. From badminton and canoe slalom, to rhythmic gymnastics and synchronized swimming, Las Vegas recreations books lined up the odds, but few took them.

‘We most likely have taken about as much in Olympic wagers as we’d on a big baseball game, regular period,’ Mirage oddsmaker Jay Rood stated this thirty days.

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

Big Bets, Little Pay

Even the casual sports fan understands the name Michael Phelps, and the many decorated Olympian ever lived up to their hype. Phelps won five of this 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 lines on Phelps were nearly off the chart.

At Bovada, Phelps was a -300 favorite within the butterfly that is 100m and his 4x200m freestyle relay group needed a $700 bet to win $100.

Nonetheless 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 noises, it 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 guys were -2500 favorites and the women were listed at -1400. Both won their tournaments.

Overall, Team USA won the greatest medal count of all of the participants with 121 total gold, silver, and bronze. China put second with 70, and Great Britain third at 67.

Host country Brazil won 19 medals that are total and garnered plenty of criticism as well. Inadequate housing, contaminated water, crime, and final but certainly not least, Zika, all plagued the lead-up to the competition.

Lochte and Loaded

The games had been most certainly 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 last few days of the Games, in what numerous 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 12-time medal winner, Lochte’s tale about being robbed at gunpoint almost totally took over the last times of the Olympics.

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

Their mea culpas may have come too late, nonetheless. 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 and made 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 nonetheless, left the united states on a good note.

‘We found its way to Brazil as guests. Today we depart as your friends,’ IOC President Thomas Back said during the closing ceremony.

New York Assemblyman Pretlow to Push for Legal Sport Betting

Assemblyman Gary Pretlow wants activities wagering for New York but admits you will find significant legal problems in his way. (Image: Jefferson Siegel/New York Daily News)

New York Assemblyman Gary Pretlow wants to create legal sports betting to Ny State. Pretlow was instrumental in orchestrating the regulation of daily fantasy sports in New York and sees 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 wanted to test federal opposition to sports betting, and much more specifically PASPA, the expert and Amateur Sports Protection Act 1992, which

‘I’m considering this season putting in legislation similar to nj’s legislation, and hopefully it gets to court in the Second Circuit, and hopefully we get a different viewpoint,’ he said. ‘I am a believer in legalizing sports betting.’

Concern About ‘Vice Bills’

But first a legislative push would have to persuade both chambers that appropriate sports wagering is the right thing for New York, at a time once the state is cautious with passing more alleged ‘vice bills,’ following legalization of casino gaming, MMA now DFS. The question of legalizing sports gambling would additionally probably require an amendment towards the continuing state constitution by public referendum.

‘ Any discussion of legalizing sports wagering in NY is premature at this point,’ Pretlow conceded. ‘There are significant issues that are legal think about before undertaking this endeavor.’

It’s difficult to see how New York could succeed in the federal courts, where nj has failed at every turn. Earlier 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 fair that only one state is allowed to lawfully just take sports wagers,’ Pretlow said, inaccurately.

While Nevada is the state that is only offers full-scale sports betting, 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 regarding 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 licensing of sports betting, has said that 80 % of Super Bowl audiences are in support of regulation, while 65 believe that is percent sports betting will either bolster the integrity of games or have no impact on game outcomes.

‘This law [PASPA] has failed miserably,’ stated AGA Chairman Geoff Freeman recently. ‘People in america spend a projected $150 billion a year wagering on sports, just 3 percent from it lawfully.’

Glenn Straub Threatens to Abandon Revel Atlantic City

Revel Atlantic City owner Glenn Straub states time is operating away for local officials to approve their hotel and casino 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-new jersey’s Casino Reinvestment Development Authority (CRDA) last week. Straub is looking for a permit to use the resort.

Straub has performed renovations regarding the $2.4 billion shuttered home to incorporate a ropes and cycling course that is 13-floor.

The changes needed brand new traffic-flow permits through the CRDA, but the governing organization states it requires extra information. The CRDA has also dragged its feet in approving a casino permit for Revel, even though Straub has hired a gambling operator to manage the center’s gaming.

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

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

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

Straub’s Bluff?

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

His plans of transforming the resort into a ‘recreation-based facility along with casinos’ have struck one roadblock after another.

Just four months ago, Straub told Forbes, ‘Atlantic City is a place that is perfect place money. It’s going to increase 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 open on June 15 as a facility that is hotel-only the recreational https://myfreepokies.com/pelican-pete/ activities, unattained permits have kept the lights dark at Revel.

Straub is now intending for A october opening, but his patience is using thin.

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

After Which There Were Seven

When the Trump Taj Mahal closes on October 10, only seven gambling enterprises will continue to be in Atlantic City. The city’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, but the policies are definitely not making it easy for Straub to create back Revel.

Rather than doing everything in its power to expedite the process, the CRDA appears to be centered on non-gaming activity.

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 5th summer time beach concert with Live Nation, and additionally 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 city,’ CRDA Executive Director John Palmieri said in a press launch.

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

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

When best-known whilst the place to opt for crazy bathtubs that are adult-themed the Pennsylvania Pocono Mountains’ Mount Airy area has long discovered video gaming, and with it, a tax battle. (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 to mind. A couple of years right back, the working-class resort area marketed the decidedly unique and memorable tubs to couples who wanted some playtime that is entirely adult.

But now, one casino in what exactly is now introduced to as the Pocono Mountains is doing something distinctly unromantic: fighting for its very own cash.

Mount Airy Casino Resort is asking the Pennsylvania Supreme Court to annul a continuing state gambling legislation that requires casinos to spend ten dollars million yearly to its host city 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 truly are located. The kicker is that the two percent must equal at least $10 million, otherwise the casino is regarding the hook to make up the distinction.

But none of Pennsylvania’s twelve gambling enterprises also came near to grossing $500 million from slots year that is last meaning all had to compose extra income tax checks.

Sheldon Adelson’s Sands Bethlehem is the biggest casino, when it comes to pure revenue, in Pennsylvania. During the last fiscal year, the Las Vegas Sands home generated $288.9 million in gross terminal revenue.

At two percent, Sands’ true tax payment ended up being about $5.7 million. Meaning Adelson’s gaming company ended up being forced to pay the $4.3 million difference.

The difference was even more substantial for Mount Airy. 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.

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