Most sports books offer wagering on horseraces - thoroughbreds, quarterhorses and trotters - that are transmitted via satellite to Las Vegas from major tracks around the country. Since the early 1990s, many of the race books joined the state’s Pari-Mutuel Association, which pools bets made at the casinos with those at the participating racetracks.
By pooling bets, casinos are able to book "exotic" bets such as the Trifecta or Pick Six offered at the racetrack, which often pay prizes in five and six figures. In addition to protecting casinos from paying huge jackpots from their own funds, pari-mutuel wagering provides casinos a steady return, usually a small percentage of the pool. Check out horse racing betting tips here. Some experts believe horserace betting is a poor proposition because of the taxes that reduce the pari-mutuel betting pool. For instance, of the total money wagered on California races, about 80 percent is returned as winning payoffs. The 20 percent taken for taxes, breeders’ fees and operating costs is perceived as a "house advantage," far greater than any casino table game. However, veteran horse players believe handicapping - picking a winner - is a science and not a game of chance, and winning payoffs are just rewards for their knowledge and skill.
The Las Vegas Strip’s only bingo room is going virtual. The Riviera Hotel and Casino in Las Vegas is launching a partnership this week with Buffalo Studios, the company behind the popular Facebook game Bingo Blitz.
Atlantic City honored Dennis Gomes, by naming the street in front of the casino in his honor Friday. At a curbside ceremony, Mayor Lorenzo Langford unveiled a sign renaming a portion of North Carolina Avenue as Dennis C. Gomes Avenue.
Big changes are in store for gamblers and hotel guests at the Atlantic City Tropicana Casino and Resort as the establishment starts a $25 million renovation project. The undertaking is the first of what could be four or five years of work to re-do the casino resort.
Expanding its hopes of an online future, WMS Industries Inc. (WMS) announced on Monday that it was acquiring Jadestone Group AB, the Swedish online gaming developer.
Pro basketball's San Antonio Spurs and Miami Heat win on the road in the NBA playoffs, Phoenix Coyotes avoid elimination in pro hockey and Bodemeister will skip the Belmont.
