Tag Archives: nevada

While Hillary Clinton remains a clear favourite to win the 2016 US Election, trading at 1.21 on the Betfair Exchange (82% chance of winning). Betfair today revealed that the Democrats are faltering in the key ‘swing states’ of Florida, Iowa and Ohio. Detailing market insight on individual state outcomes, Betfair’s trading team revealed that the Democrats have seemingly lost their …

The Wall Street Journal has reported this weekend that Cantor Fitzgerald LP’s sports betting subsidiary CG Technology has agreed to pay $22.5 million to the US government in forfeiture of the firm’s connection with illegal gambling and money laundering activities. Cantor governance has pushed for a non-prosecution agreement with the US Government, with CG Technology admitting responsibility of aiding and …

New York private equity firm Z Capital has confirmed that it has brought Nevada casino operator Affinity Gaming outright for an all-cash deal of $580 million (£440 million). At present the private equity firm owns 41% equity in Affinity Gaming, with Z Capital seeking to purchase the outstanding stake at a price of $17.35 per share. Updating stakeholders, Z Capital …

CG Technology has agreed to pay a $1.5 million fine in relation to charges of underpaying and overpaying certain bettors on the sportsbook. This comes just two months after the Nevada Gaming Control Board alleged that CG Technology had underpaid winning parlays by about $700,000 on more than 20,000 occasions from August 2011 to March 2015. The complaint also accused the …

William Hill has opened wagering on Virtual Racing at two of its Nevada Race and Sports Books. After receiving approval for a field trial from the Nevada Gaming Control Board, the company will offer Virtual Racing inside the Plaza Casino and Silver Sevens Casino, both in Las Vegas. Featuring the voice of legendary race caller Tom Durkin, William Hill Virtual …

The Director of Commissioning for the Responsible Gambling Trust (RGT) has shared details of British advances in treatment data collection during the International Gambling Institute’s 16th International Conference on Gambling and Risk Taking. Jane Rigbye set out the British approach to data reporting in problem gambling treatment services in a speech to the University of Nevada, as part of International …

The Nevada Gaming Control Board have announced that bettors wagered $132.5 million on the Denver Broncos’ 24-10 victory over the Carolina Panthers. That figure topped the previous record of $119.4 million from two seasons ago, when the Seattle Seahawks beat the Broncos. The house won $13.31 million, making a profit for the 25th time in the past 27 years. It was …

All eyes are on the Levi’s Stadium on Sunday, as this year’s Superbowl sees Carolina Panthers take on Denver Broncos in Santa Clara, California. Just a few days before the big day we caught up with Jay Kornegay, Vice President of the Westgate Las Vegas Resort & Casino, to discuss Superbowl 50: ____________________________________ SBC: Hi Jay, the biggest annual sporting event …

DraftKings and FanDuel have been dealt another regulatory blow in the US after New York Attorney General Eric Schneiderman sent the two Daily Fantasy Sports (DFS) operators cease-and-desist letters demanding that they stop ‘illegally accepting wagers in New York State’. Schneiderman’s actions come after his office conducted a one-month investigation into DFS which concluded that the daily contests are essentially …

DraftKings Inc., the troubled daily fantasy sports (DFS) platform, has teamed up with sports data provider Opta to supply all its live soccer performance statistics. DraftKings has engaged Opta in order to enhance the customer experience of its soccer product, in anticipation of an upcoming expansion into new markets. One of the main features that has changed is the increase …