Las Vegas Gaming Companies Represented on Annual List of Most Overpaid CEOsBy: Grant Mitchell
Members of Penn Entertainment, Las Vegas Sands, Caesars, and Wynn were all named four of the most overpaid members of the gaming industry. Penn Entertainment CEO Jay A. Snowden had the highest ranking of the bunch (third) and was paid just under $66 million, compared to average employee salaries of $33,930.
Los Angeles Rams Running Back Wins Over $500k Playing Poker in Las VegasBy: Grant Mitchell
Ronnie Rivers, 24, won $514,837 playing three-card poker while in town to celebrate his and his mother’s birthday. Local television station KTNV reported that Rivers produced a royal flush between his three cards and the dealer's three cards to secure the “Mega Progressive Jackpot.”
New RICO Suit Against Wynn Resorts Owner Steve Wynn Dropped in CourtBy: Grant Mitchell
The lawsuit was levied by Angelica Limcaco, an ex-salon manager at Wynn Las Vegas. She previously sued him in 2018 for alleged sexual harassment, retaliation, and wrongful termination. The 9th US Circuit Court of Appeals ultimately rejected the woman’s case.
Sports Betting Agencies Controversially Partnering with College CampusesBy: Grant Mitchell
Sportsbooks have partnered with US college campuses as sports betting has grown, but industry experts are concerned that exposing minors to gambling could have long-term consequences. As a result, Legislators are currently creating new regulations to limit the impact of gambling on minors, and operators have been kept on the lookout for these partnerships.
DraftKings Dispute $3 million Parlay Wager Placed Outside NJBy: Ken Edwards
A Florida man who recently placed $3 million with DraftKings in parlay wagers in New Jersey has had betting account frozen after it was discovered that the bets were placed outside the state lines of the Garden State.
Sports Betting Profits in New Jersey now outpace Nevada’sBy: Ken Edwards
When the Professional and Amateur Sports Protection Act (PASPA) was repealed in May 2018 and states began to legalize sports betting, there was a lot of gaming industry talk that the state of Nevada as a whole would lose many customers, its sports betting influence, and that the very essence of sports betting would alter as a result have options.
Top 5 Reasons NJ Sports Betting is Bigger than Nevada’sBy: Ken Edwards
In June 2019, the Garden State of New Jersey overtook Nevada in terms of both handle and revenue, and it’s been widening ever since. From May 2019 to August 2019, New Jersey’s sportsbooks beat out Nevada sportsbooks in three of four of those months. In August 2019 alone, New Jersey’s sportsbooks took in $293.5 million in bets, and $25.5 million in revenue, beating up on Nevada’s $288 million and $18.7 million respectively.
- Sports Betting