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

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

Las vegas oddsmakers are welcoming in springtime with open arms. After a run of year that was filled with underdogs overcoming long chances, the NCAA males’s basketball tournament is supplying casino sportsbooks because of the perfect elixir.

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

Because of the first week of March Madness within the publications, it absolutely was the oddsmakers in Nevada that played the winning pay the sports bettors.

Aided by the top-seeded and protecting champion Villanova Wildcats out, in addition to No. 2 seeds Duke and Louisville, many brackets and wagers have been busted. And that’s good news for the household.

Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We fundamentally became Caesars Palace federal reserve and were printing money.’

Vegas was due for a strong run after a 2016 that was full of prediction and activities 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, and the ‘Brexit’ vote kept both domestic and international oddsmakers guessing.

The March Madness victory thus far is certainly welcomed while books in Nevada have largely weathered the storm.

Duke Loss, Vegas Win

The Duke Blue Devils are the Green Bay (suite…)

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Billy Walters Test Star Witness Embezzled from Battered Women’s Charity to finance Gambling, Hookers

Billy Walters Test Star Witness Embezzled from Battered Women’s Charity to finance Gambling, Hookers

Gambling, soliciting prostitutes, ripping down a ladies’ charity and leaking painful and sensitive company information, it’s all just a later date in the office, apparently, for the former president of America’s milk-processing companies that are biggest.

William ‘Billy’ Walters leaves a Manhattan federal court. He is alleged to have made $43 million in unlawful stock trades on Dallas-based Dean Foods. He is pleading simple.

Tom Davis, the previous president of Dean Foods, of Dallas, continued their testimony in the trial of his one-time friend, the gambler that is legendary Walters, on Wednesday. Walters is accused of making $43 million from illegal trades on Dean Foods’ stock, utilizing privileged information allegedly furnished by Walters.

Since the celebrity witness for the prosecution, Davis was expected by US Assistant Attorney Brooke Cucinella to reveal any unsavory details about his history that will later surface throughout the course associated with trial. This is standard practice, as it’s preferable that such info is presented to the court in advance instead of being wheedled out of the witness later on by a defense attorney.

And, kid, did Davis deliver!

$200,000 On One Hand of Blackjack

The court had heard the day that is previous the nature of Davis’ relationship with Walters changed after the latter loaned him around $1 million. After Davis became indebted to (suite…)

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UK Betting Industry Exempted from Punishing AML Directive

UK Betting Industry Exempted from Punishing AML Directive

The UK bookmaking industry happens to be exempted by the country’s Treasury through the brand new Fourth EU cash Laundering Directive, hence escaping the onerous and costly 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 was exempted from the Fourth EU Money Laundering Directive this week.

As the industry breathed a heavy sigh of relief, the us government said your decision had been made after assessment with UK’s National danger Assessment (NRA), which deemed betting, both online and off, to be low-risk in contrast with other sectors. Both land-based and online casinos, however, will never be exempted.

Stay Vigilant

However the government emphasized that the industry must remain diligently committed to it anti-money laundering (AML) duties, or it may simply find itself needing to fill out the EU’s tiresome transaction report forms in the end.

In accordance with the UK Gambling Commission, ‘the government has made clear it will frequently review its place in terms of the amount of money terrorist and laundering financing risk that gambling providers present.’

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

The Proceeds of Crime Act 2002, meanwhile, calls for operators to continually monito (suite…)

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Florida Gambling Expansion Heavily Opposed by Sunshine State Voters, New Poll Finds

Florida Gambling Expansion Heavily Opposed by Sunshine State Voters, New Poll Finds

Florida gambling expansion efforts are greatly opposed by likely voters in the Sunshine State, a new poll discovers.

Governor Rick Scott desires a new florida gambling compact using the Seminole Tribe on his desk quickly.

According up to a research performed by Mason-Dixon Polling & Research, an independent firm that is surveying offices in Washington, DC, and Jacksonville, Florida, just eight per cent of Florida voters say they support expanded gambling. That compares to 84 per cent whom said they want gaming left as is, or paid down.

No Casinos, the lobbyist that is leading Tallahassee working against casino growth, championed the findings.

‘It’s time to stop listening to gambling lobbyists and listen to the individuals,’ No Casinos President John Sowinski stated. ‘a huge majority of Floridians don’t want their elected officials to expand gambling, since they know that more gambling hurts the quality of life for them and their families.’

Point Taken

Florida lawmakers and Governor Rick Scott (R) have been looking for a resolution to the Seminole Tribe’s video gaming compact that legally expired in 2015. Hawaii House and Senate differ on what path is better, while the powerful Native American group isn’t budging on its blackjack monopoly.

The bill that is latest to gain ground arises from State Rep. Mike Los Angeles Rosa (R-District 42). Home Bill 7037 seeks to execute a compact that i (suite…)

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