Megabucks Hits, Revel Trying to Close Sale, Nevada Lottery Bill, and More

Megabucks $10.7 Million Jackpot Hit

Trinidad Torres was visiting Las Vegas this week. She was staying at Westgate, formerly the Las Vegas Hilton and LVH. She deposited $100 into a Megabucks slot machine and within minutes the machine dealt three jackpot symbols, releasing the $10.7 citywide progressive million jackpot. Torres will be returning to her home state of Utah with a trip she will never forget.

Mayweather Fight Against Pacquiao Filling Rooms

Floyd Mayweather Jr. and Manny Pacquaio will fight at the MGM Arena in Las Vegas on May 2. The announcement immediately caused rates to spike along the Las Vegas Strip. MGM told the Las Vegas Review-Journal that it is already 98 percent sold for that weekend. Remaining rooms go for $1,600 per night, five times more than a standard weekend.

Rates at other Las Vegas Strip casinos are also selling for several multiples higher than normal. Even downtown hotels are publishing rates to reflect the busy weekend. The Plaza, which normally sells weekend rooms in the low to mid $100’s, prices its remaining inventory at $409 the weekend of the fight.

Revel Begs Court to Approve Straub Sale

Revel is once again in court hoping to unload the failed resort. The previous $82 million offer is available again between Revel and Glenn Straub’s Polo North. The deal requires that tenants staying after the shuttering and the energy provider are released from contracts, removing those liabilities. The previous deal is being appeal by those parties, hoping to keep previous arrangements intact.

Borgata to Hold First Skill Contest Saturday

The Borgata in Atlantic City will host its first skills competition for cash on Saturday. There will be about 750 contestants, each paying $20, competing in a free throw contest. There will be just four places paid. The prize pool will be $10,000. Based on the 750 estimated players, the house edge in the free throw contest will be 33 percent. That makes it one of the worst bets in Atlantic City.

Unshuffled Baccarat Case Continues

The 14 baccarat players that won an estimated $1.5 million playing a game with unshuffled cards asked a judge to let them keep the money on Friday. A lower court ruled that the game was illegal under New Jersey gaming law. The Golden Nugget, scene of the April 2012 game where players were able to bet on patterns discovered through cards set in distinctive order, opposes the motion.

Nevada Lottery Bill Unveiled

A constitutional amendment that would bring a state lottery to Nevada was introduced by Assemblyman Harvey Munford. Nevada is one of just six states absent a lottery. There has been an attempt to change that in most of the state legislative sessions throughout the decades. The biggest obstacle has always been the opposition of the gaming industry, which claims the state should not compete with its biggest industry. Nevada lottery proceeds would go towards education and care for senior citizens.