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Casinos Make 6.9 Million on Superbowl

2/10/10 - Official numbers from the Nevada Gaming Control Board show that Nevada casinos won almost $6.9 million on this year's Super Bowl as bettors wagered $82.7 million on the NFL classic.
 
Bookies in the gambling mecca were up $179 000 on amounts won on sports bets over the same period last year on $1.21 million more in bets.
 
Underdogs New Orleans Saints beat the favoured Indianapolis Colts 31-17 in the Sunday game.
 
Speaking to Associated Press, Jay Kornegay, executive director of the race and sports book at the Las Vegas Hilton, said results were hurt by bad weather in the northeastern United States, which prevented some gamblers from making planned trips to bet on the game in Sin City.

But he said the bets taken on the game were indicative of today's struggles for casinos in Las Vegas. "We thought the Super Bowl was a great measuring stick of the economy and we think the economy is just a little better than what it was last year," Kornegay said.
 
Kornegay said his sports book accepted 14 percent more wagers than it did last year, but average bets were lower.
 
Nevada's biggest Super Bowl win in the last 10 years was in 2005, when the New England Patriots topped the Philadelphia Eagles and casinos won $15.4 million. Bettors wagered the most in 2006, when $94.5 million was bet on the Pittsburgh Steelers victory over the Seattle Seahawks.
 
Nevada casinos lost almost $2.6 million in 2008, when the New York Giants beat the favored Patriots.
 
Kornegay said the Hilton lost money on the game in part because it lost money on normally lucrative proposition wagers. Casinos usually profit by offering long odds on unusual circumstances players like to bet on - a successful 2-point conversion, for example.
 
"A lot of things happened in this game that normally don't happen," Kornegay said. "Those are all props that normally go the other way."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authorityís data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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