Blog por Daniela Freitas

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Las Vegas Oddsmakers Are March Madness’ Big Winners After Two Rounds

Las vegas oddsmakers are welcoming in springtime with available arms. 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.

It’s been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.

Aided by the first week of March Madness within the books, it was the oddsmakers in Nevada that played the winning pay the sports bettors.

With the top-seeded and defending champion Villanova Wildcats out, also No. 2 seeds Duke and Louisville, many brackets and wagers happen busted. And that’s good news for the house.

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 up with forecast and recreations betting chaos. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the World Series, Cleveland winning the NBA Finals, Clemson upending Alabama in college football, plus the ‘Brexit’ vote kept both domestic and oddsmakers that are international.

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

Duke Loss, Vegas Win

The Duke Blue Devils are the Green Bay Packers of college basketball. Each year, s (mais…)

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aesars Begins Charging Some Guests for Parking, as Vegas Casinos Continue Irritating Trend

Several Caesars properties in nevada are no longer offering free parking to out-of-state guests. Caesars Entertainment announced this week that the Linq Hotel has officially begun charging visitors to self-park their vehicles, and tolls will commence at Caesars Palace and Paris nevada a few weeks on April 6.

Caesars is caravanning down MGM’s lead in deciding to charge visitors for parking their vehicles at several of its resorts.

Las Vegas could be adjacent to Paradise, Nevada, nevertheless the lyrics to the Joni Mitchell song ‘ Big Yellow Taxi’ are coming real in Sin City. ‘ They paved paradise, and put up a parking great deal,’ perfectly summarizes a growing trend in the gambling mecca of casino operators charging guests simply to reach their resorts.

Linq visitors are forced to pay $8 a for self-parking night. Caesars Palace, Paris nevada, and Bally’s will charge $10 per 24 hours. Valet rates at Caesars Palace, Bally’s, Paris, Planet Hollywood and The Cromwell are a definite flat $18.

Caesars claims its choice to charge for parking isn’t a money grab, however in reaction to its benefits members frustrations that are voicing getting a parking spot. The organization suspects many Las Vegas site visitors were parking within their lots that are free and then walk to many other non-Caesars properties.

Local Outrage

Though Nevada residents can avoid the fees at Caesars simply by scan (mais…)

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British Betting Industry Exempted from Punishing AML Directive

Great britain bookmaking industry happens to be exempted by the nation’s Treasury from the brand new Fourth EU Money Laundering Directive, hence escaping the onerous and expensive fate of conducting due diligence on every deal of €2,000 (£1,740 / $2,150) and above.

The UK industry that is betting a collective sigh of relief as it absolutely was exempted from the Fourth EU Money Laundering Directive this week.

The government said the decision had been made after consultation with UK’s National Risk Assessment (NRA), which deemed betting, both online and off, to be low-risk in comparison with other sectors as the industry breathed a heavy sigh of relief. Both land-based and casinos that are online however, will not be exempted.

Stay Vigilant

Nevertheless the government emphasized that the industry must remain diligently committed to it anti-money laundering (AML) duties, or it might just find it self having to fill out the EU’s tedious transaction report forms after all.

In accordance with the UK Gambling Commission, ‘the government has made clear that it will frequently review its position with regards to the amount of money laundering and terrorist funding risk that gambling providers present.’

As being a condition of certification, gambling operators are already required to conduct AML assessments of the business and develop and implement stringent AML policies.

The Proceeds of Crime Act 2002, meanw (mais…)

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