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$119.4 million bet On SuperBowl In Nevada
Tuesday February 4,2014 : SUPERBOWL BETTING GENERATES $119 MILLION IN NEVADA WAGERS
The reason Nevada wants to keep dominating sports betting in the United States.
Sports fans bet a record $119.4 million at Nevada casinos and books on the NFL Super Bowl, with unaudited Gaming Control Board tallies indicating that sportsbooks made an unprecedented profit of $19.7 million on the action, reports the Associated Press news agency.
The Denver Broncos started out as a 2.5-point favourite, but the Seattle Seahawks won 43-8.
Oddsmakers said Nevada was flooded with wagers on the favored team and its veteran quarterback Peyton Manning, who was named the NFL's Most Valuable Player for the 2013 season the day before the game.
The previous record for the handle, set last year, was $98.9 million.The last record for casino hold, or profit, was set in 2005, when sportsbooks won $15.4 million, AP notes.
Nevada land casinos retained an average of 16.5 percent of the millions legally wagered, far more than the average hold during the past decade.
Nevada sportsbooks have lost only twice on the Super Bowl in the past 20 years, most recently in 2008, when the New York Giants beat the New England Patriots, costing casinos a record $2.6 million The handle, or wagers placed, has increased annually for nine out of the last ten years.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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