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.
Brightline West has momentum heading into the new year after securing billions in federal funding for a high-speed rail line between Las Vegas and Southern California.
A man who saved his family on Christmas morning when he woke them up to a fire in their home died after he went back inside and lost consciousness searching for an engagement ring.
Teenage actor Hudson Meek has died after he fell out of a moving vehicle in Alabama, authorities said.
A wanted sex offender is back into custody in Las Vegas after being on the run in Mexico for more than a decade, authorities announced.
Creed, Janet Jackson, Bruno Mars, The Chainsmokers, Anyma are among the many big names in town.
As we get older and our financial life gets more complicated, it’s difficult to know how long to keep financial records and paperwork.
Waiting too long to enroll can result in a penalty that remains in effect for the life of a beneficiary’s Medicare coverage.
Las Vegas Bowl, Hofbräuhaus and Seth MacFarlane highlight the week heading into the New Year.
“The Fire Inside” shares the inspirational story of how Claressa Shields conquered the odds with a pair of boxing gloves and a positive mindset.
Police are investigating a Christmas shooting at Sky Harbor Airport in Phoenix that left three people injured by gunfire and another person stabbed.