New Jersey Loses Sports Betting Case, Las Vegas Poker Room Reopens, Nevada Revenue Announced

Sports Leagues Win Sports Betting Appeal

The sports leagues prevailed over New Jersey once again in the Third Circuit Court of Appeals.  The court split 2-1, taking the side of the sports leagues that New Jersey’s sports betting prohibition repeal was not full enough to qualify as legal under the Professional and Amateur Sports Protection Act.

New Jersey will appeal to the full Third Circuit Court of Appeals in an “en banc” request, meaning all judges in the circuit would make a ruling, if it is accepted.  The next step would be an appeal to the U.S. Supreme Court as to whether the Professional and Amateur Sports Protection Act is constitutional.  The U.S. Supreme Court refused to hear the case in New Jersey’s first attempt to legalize sports betting.

Linq Reopens Poker Room

The Linq reopened its Las Vegas Strip poker room.  It originally shuttered in January.  Local players and dealers felt the move was temporary and they were right.  There are four $45 No Limit Texas Hold’em tournaments daily.  The main games are No Limit Texas Hold’em and Pot Limit Omaha with $1 small and big blinds.  The buy-in is $50 to $300.  The Linq’s poker room will also spread a $1/$3 No Limit Hold’em game with no cap. The poker room is located in nearly the exact spot as the former O’Sheas poker room, just inside the south entrance from the Strip.

Deadwood Drops $1 million From New Games

Deadwood launched three new games in July.  Craps, roulette and live keno are all now available in South Dakota’s only commercial casino town.  Craps dropped $583,009, roulette $391,793 and live keno $7,555. Craps returned 73.54% of the drop, roulette 82.92%, while live keno returned 70.68% to players, according to the Rapid City Journal.

Another great month is expected in August with the 75th Sturgis Rally in town.  More than one million bikers visited Sturgis during the first full week in August.  Deadwood’s hotel occupancy was 100 percent during the Sturgis Rally. Sturgis is about 10 miles from Deadwood.

July Nevada Gaming Revenue Dips Slightly

Nevada casinos won $922.8 million in July.  That was down about one percent from the previous year.  The Las Vegas Strip won $524.9 million, down 2.1 percent.  The loss of high limit baccarat action appears to be the culprit.  Baccarat on the Las Vegas Strip was down 20.8 percent to $105.6 million in July.

Las Vegas saw its second largest visitation number in 2015.  Approximately 3.7 million tourists visited the country’s largest gaming market.  That was up 5.3 percent from the previous year, perhaps attributed to the addition of an extra weekend this year.