If a federal ban on sports betting is lifted in the coming months, the NBA wants sports books to pay the league 1 percent of the money wagered on its games as an “integrity fee.” An NBA official, assistant general counsel Dan Spillane, made the request in written testimony submitted Wednesday in support of the passage of a sports betting bill at New York’s Senate Racing, Gaming and Wagering Committee hearing. For sports books, the “integrity fee” could be costly. The 1 percent fee amounts to more than 20 percent of sports book revenues, William Hill sports book CEO Joe Asher told the committee. “It’s a red herring when you call it an integrity fee. They want to be partners but they don’t want to appear to be partners. They’re saying they want to protect the integrity of the game by not having bookmaking. Now they want to be part of it. It doesn’t work both ways.” – Vic Salerno, a Las Vegas sports betting pioneer. Prices of straight bets could also be increased in order for sports books to turn a profit. The price on straight bets from the traditional $11 to make $10 could jump to $12 or $13 to make $10. “It has to go up or they can’t make money. I don’t know if they’ll be successful,” he said. “If the tax rate is on the handle, forget it. Kentucky wants 20 percent of the handle. We don’t hold 20 percent. It’s a very thin margin.” – Vic Salerno, a Las Vegas sports betting pioneer.
As The Mirage casino-hotel prepares to close for good, all gambling activity came will come to an end early this morning.
Niklas Astedt had the chip lead when action in the World Series of Poker Main Event was halted Tuesday at Horseshoe Las Vegas with three players remaining.
NBA commissioner Adam Silver has mentioned Las Vegas and Seattle as potential expansion markets, and two groups are looking to build an NBA-ready arena on the Strip.
The Aces trailed by as many as 21 points in the first half Tuesday against the Chicago Sky. They rallied, but still came up short.
No matter one’s political views, all Americans deserve to have their votes secured.
Take a look at some editorial cartoons from across the U.S. and world.
On the surface, spending cuts are the result of a lack of money. But dig deeper and you’ll see the cuts came because the higher education system had an unusual bounty of resources.
If President Joe Biden wanted unity, he’d have started with an apology. Instead, he continues to claim Trump is a threat to democracy
Mr. Segerblom seems to have nothing better to do than to change good established names to entertain his fancy and pat himself on the back.
A president appearing to suffer cognitive decline is frightening. If paranoia is also potentially present, it becomes terrifying.