Nevada sports books saw an increase of 1,650% in August wagering. (No, that’s not a typo.) It would be an understatement
to say that the Floyd Mayweather/Conor McGregor fight helped. $70 million was wagered on it, with the books keeping nearly $20 million. It also shows how much money is to be made from sports betting if only the Supreme Court can persuaded to strike down the Bradley Act. September is expected to be as good but not as much as August, in part because a big ticket fight between two tomato cans ended in a draw.
Westgate Las Vegas SuperBook Manager Jeff Sherman said “We have not seen a drop in wagering handle. NFL sports wagering is as vibrant as ever. It would take something larger than [Donald Trump] to put a noticeable dent in NFL handle.”
* Hurricane Nate struck a glancing blow to Gulf Coast casinos. All were temporarily closed, although only Margaritaville Resort Biloxi was so badly damaged as to remain shuttered for the time being. Other casinos reporting damage were the Hard Rock and the Golden Nugget, the latter having taken in four feet worth of storm surge. However, it affected neither the hotel nor the casino floor, so it’s back to business as usual.
* Singapore‘s two megaresorts are cleaning up their act. Fines on their casinos are down 61% from last year. After all this time, Marina Bay Sands apparently still doesn’t have a system in
place for collecting entry fees from residents — at least not one that placates Singaporean regulators. It was fined $55,000 for that infraction and another $11,000 for having a minor on the casino floor “without reasonable excuse.” Resorts World Sentosa‘s laxity was even greater, with seven minors found in the gambling area, for a $55,000 fine. “[Casino Regulatory Authority] continues to exercise vigilance on the ground and work with the casino operators to strengthen compliance,” said CEO Jerry See.
The possible arrival of skill-based slots has also not escaped the CRA’s notice and the Authority wants to give them a good, hard look. “CRA has been studying these developments closely and reaching out to [United States] counterparts on their regulatory philosophy and approach,” said Authority Chairman Lee Tzu Yang. That’s Singapore, always ahead of the curve.
