Vegas Oddsmakers Are March Madness’ Big Winners After Two Rounds

Vegas oddsmakers are welcoming in springtime with open hands. The NCAA men’s basketball tournament is providing casino sportsbooks with the perfect elixir after a run of 12 months that was filled with underdogs overcoming long odds.

This has been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.

With the first week of March Madness into the books, it had been the oddsmakers in Nevada that played the hand that is winning the sports bettors.

Using the top-seeded and protecting champion Villanova Wildcats out, along with No. 2 seeds Duke and Louisville, many brackets and wagers have been busted. And that is good news for the household.

Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We basically became Caesars Palace federal reserve and were printing money.’

Vegas was due for a strong pursue a 2016 that was filled with prediction and recreations betting chaos. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the planet Series, Cleveland winning the NBA Finals, Clemson upending Alabama in university football, additionally the ‘Brexit’ vote kept both domestic and oddsmakers that are international.

While books in Nevada have largely weathered the storm, the March Madness victory to date is obviously welcomed.

Duke Loss, Vegas Win

The Duke Blue Devils are the Green Bay Packers of college basketball. Each year, sportsbooks in Nevada and online take a slew of futures on both teams to win their respective championships.

The thousands of bet slips are null and void with Coach K’s elimination. Among the worthless items of paper includes a $12,000 wager put at William Hill back on 23 february. Duke ended up being then at 8-1 to win the title that is national meaning the bet would have returned $96,000.

The Westgate said its worst-case scenario ended up being a Duke nationwide championship, and that mostly felt to be the theme around town. The South Point took two $10,000 wagers from the bettor that is same recent months at 10-1 and 15-2 odds.

Villanova’s loss was additionally welcomed in Sin City. Wisconsin’s upset over the defending champs canceled numerous $10,000-plus wagers regarding the Wildcats repeating.

Potential Losses Remain

The Golden Nugget Las Vegas will have its eyes dedicated to No. 7 Michigan while the Sweet Sixteen begins on Thursday evening. That’s because Derek Stevens, who owns the D Casino, put a $12,500 wager at +8000 for the Wolverines to win it all.

Golden Nugget host and owner of CNBC’s ‘Billion Dollar Buyer’ Tilman Fertitta is not yet sweating the bet. ‘I’ve got a million up, and you are in #SWEET16? Should be fun my buddy!’ the billionaire tweeted at Stevens.

The D Casino owner is certainly one of nevada’ very early March Madness victims. Stevens put $11,000 on all the 32 games that are first-round. He went 10-19-3 to lose $109,000.

To win his $1 million bet, Michigan will need to beat No. 3 Oregon on Thursday, then likely get past No. 1 Kansas to attain the Final Four.

Australian On Line Poker Exemption Rejected By Senate, Passes Bill Ensuring Demise

The Australian Senate hammered the penultimate nail into the coffin of online poker on Tuesday. Lawmakers rejected a carve-out amendment, proposed by Liberal Democratic Party Senator David Leyonhjelm, that would have saved the game in the united kingdom.

Instead they chose to pass a proposed amendment towards the 2001 Interactive Gambling Act (IGA). The amendment has the indirect effect of banning not poker that is just online in-play sports betting and on-line casino gaming too.

Senator David Leyonhjelm’s make an effort to intervene to save on the web poker in Australia has failed as his amendment that is carve-out did pass now the game will likely be illegal on the internet. He branded the situation ‘stupid.’ (Image:

The amendment seeks to make it more challenging for unlicensed operators to target residents that are australian clarifying that only operators that hold a permit in Australia should be able to legally provide their solutions.

But since Australia does not have any licensing framework for online poker or online casino, just activities betting, sites like PokerStars and 888 don’t have any option but to quit the market or break the law.

No License for Online Poker

Clarity was required because the IGA permitted just ‘licensed operators’ to engage utilizing the market, but failed to state where those operators needed to be licensed, offering some legally gray wiggle room for online poker sites to operate.

Sites like PokerStars and 888 are, of course, licensed in numerous jurisdictions around the planet, just not Australia, because there is no such thing being an Australian online poker license.

The amendment that is new make Australia a black market for internet poker, and continuing to offer games in the united states will result in hefty fines for operators, and potentially jeopardize their certification in other jurisdictions.

The legislation will move to the House of Representatives, which is expected to vote it into law from the Senate.

Leyonhjelm has Harsh Words

‘It’s stupid,’ Leyonhjelm told The Huffington Post Australia. ‘If you intend to play poker, there are several opportunities in Australia, at gambling enterprises and tournaments. It isn’t as if there isn’t any deal that is great of playing already, nonetheless they’re just stopping it online. The world that is whole online now.

‘The initial 2001 legislation ended up being meant to stop online gambling of many types, but it don’t, there is a loophole. There was quite an online that is active community in Australia. I do not think it will be successful for everyone really determined. When you yourself have a VPN or offshore account, you’ll still play. It is a stupid situation to be in,’ he said.

888 left the Australian market in 2016 in expectation of the bill law that is becoming. PokerStars execs have said they expect to do so too, but will likely wait until its enactment.

For Australia’s poker players they will soon have little option but to quit playing on line or seek out the black market, where they will be denied the player protections the departed major online poker sites might have guaranteed.

Trump Tower Wiretapped During Russian Mafia Gambling Probe

Trump Tower was indeed the target of a wiretap while former President Barack Obama was at the White home, but the surveillance wasn’t directed at then-candidate Donald Trump.

Trump Tower is now greatly guarded outside, but for 2 yrs the FBI had wiretaps on at the least one residence inside the building. (Image: Splash News/The Sun)

The 45th commander-in-chief has spawned allegations that his campaign headquarters inside Trump Tower in nyc was wiretapped during the 2016 election cycle as he took in Democratic foe Hillary Clinton. Obama, as well as federal authorities, have dismissed such allegations and members of Trump’s own party have asked the president to rescind the claims.

But this week it was revealed that the FBI did in fact have actually cables in the 58-story Fifth Avenue skyscraper. It simply ended up beingn’t about Trump.

In accordance with a report from ABC News, the FBI wiretapped unit 63A for just two years from 2011 to 2013. The surveillance was to monitor an advanced Russian crime that is organized occupying the machine. Federal authorities say the group was an ‘international cash laundering, sports gambling, and extortion ring.’

The Fugitive

The probe led to a jury that is grand of more than 30 people including Alimzhan Tokhtakhounov, aka ‘Little Taiwanese.’ Tokhtakhounov, among the world’s most notorious Russian mafia leaders, was charged with running an illegal gambling system. But he avoided arrest and remains a fugitive of the United States.

‘He is prominent. He’s got extremely good connections in the industry world along with the criminal globe, overseas, in Russia, Ukraine, Uzbekistan, other countries,’ Mike Gaeta, the FBI representative who led the operation in 2013 told ABC News.

Court documents expose a Tokhtakhounov associate speaking on the phone regarding a $50,000 gambling debt from inside Trump Tower in 2013. The ring member threatens the person on the other side of the phone, explaining the gambler would be tortured and ‘wind up underground’ if he did not pay up.

Tokhtakhounov had been dabbling in illicit criminal behaviors in the US long before 2011. At the 2002 Winter Olympics in Salt Lake City, the mafia employer was accused of fixing the pairs’ figure skating competition in favor of the Russian team.

The International Olympic Committee reversed the outcomes and awarded the Canadian team the gold medal after it was revealed that judges from Russia, Asia, Poland, Ukraine, and France had been pressured into putting the Russian pair first.

Russian Ties

Opponents to Trump are trying to create the case he’s a strong ally to Russia, which many start thinking about no buddy towards the US. There are allegations that Trump’s real estate portfolio has a disproportionate number of russian citizens as tenants, a claim the Trump Organization denies.

It is said by the company doesn’t track the nationality of its buyers. But into the Miami area, the community round the licensed Trump condo towers became known as ‘Little Moscow’ for the high influx of Russians buying and leasing the units.

This week, FBI Director James Comey additionally revealed to Congress therefore the average man or woman during his House Intelligence Committee hearing testimony that there surely is an ongoing probe into whether there was coordination between Russia and President Trump’s campaign to defeat Clinton.

Wynn Boston Harbor Can’t Bring Fifth Avenue to Everett, Scales Back High-End Retail Room

Wynn Boston Harbor in Everett, Massachusetts, will not be the Fifth that is next Avenue Newbury Street.

All those luxury retail shops that were offered to your Massachusetts Gaming Commission during Wynn Boston Harbor’s pitch are increasingly being came back. (Image: Patrick Whittemore/Boston Herald)

Appearing before the Massachusetts Gaming Commission (MGC) previously this thirty days to provide an update on the $2 billion construction project, Wynn Boston Harbor President Robert DeSalvio revealed that the casino resort is greatly scaling back its shopping that is retail room. The new plan is to devote 9,177 square legs to shopping, down more than 83 percent from the originally envisioned 56,602 square legs.

The elimination reduces the number of shops by 10. Wynn Resorts pointed to retail struggling nationwide as the reason that is primary the amendment.

‘Quite honestly, Wynn concentrates on an extremely high end luxury number of merchants which are pretty well represented on Newbury Street in Boston,’ DeSalvio explained to the MGC. ‘We talked for them as well as for them to close a shop and break a lease and move a few kilometers away, rebuild and re-open, that has been a tall order.’

Wynn Boston has been no easy go for Steve Wynn. The resort was engaged in a lengthy dispute that is environmental nearby Somerville, which it eventually won, and remains tangled in a lawsuit brought on by Revere that states the MGC worked behind closed doors in approving Wynn’s proposal in Everett.

Vision Hindsight

Whenever Steve Wynn proposed his resort to the MGC, the billionaire told hawaii the location would not simply be considered a casino and hotel, but a shopping that is premiere in the northeast.

‘In addition to offering a luxurious and trendy array of men’s and women’s fashions from around the world, Wynn Boston Harbor will additionally feature an eclectic mix regarding the world’s most gorgeous and jewelry that is one-of-a-kind accessories,’ the resort’s website states.

But at just over 9,000 square feet, that’s roughly the size of 3.5 Chipotle restaurants. Maybe Not precisely a shopping epicenter.

Changing the shops will be added convention room as well as an restaurant that is italian oyster bar, and craft beer dispensary. Wynn is appeasing the commission by saying the number of full-time jobs will expand as a result of the added eateries by 177 positions.