Sports book purchase
William Hill Plc, a bookmaker based in the United Kingdom, will spend about $39 million to acquire two Nevada-based sports betting companies, American Wagering Inc. and Club Cal Neva Satellite Race and Sports Book Division.
The article goes on to say that the Nevada sports book market generated a handle of $2.5 billion in 2010.
The data from the gaming commission says that 193 locations made $151 million with a win percent of 5.47%, which seems like it would be a handle of $2.76 billion. I am not sure how to explain the difference.
I assume that with the new applications for the I-Pod that the sports betting in Nevada has good prospects.
Makes me wonder why a sale now when there is so much recent news about electronic devices and live action gambling during sporting events. Great boom coming... so sell out now?Quote: pacomartinI assume that with the new applications for the I-Pod that the sports betting in Nevada has good prospects.
Quote: JimMorrisonHope WillHill has problems getting approved by Gaming. They're a sleazy operation and I don't trust them at all.
Never had an issue, they are one of the most trusted bookmakers in this country. I dare say one of the top three in the UK.
Quote: WizardofEnglandNever had an issue, they are one of the most trusted bookmakers in this country. I dare say one of the top three in the UK.
Their online casino and book is very shady. Lots of instances of non-pays or making online players snail mail docs to UK etc. They're rogue in my opinion.
If there is no need to snail mail a document in order to make a deposit then there is no need to snail mail a document in order to make a withdrawal.Quote: JimMorrison... or making online players snail mail docs to UK etc.
> They're rogue in my opinion.
Would you say Blacklist or Graylist?
Quote: FleaStiffIf there is no need to snail mail a document in order to make a deposit then there is no need to snail mail a document in order to make a withdrawal.
> They're rogue in my opinion.
Would you say Blacklist or Graylist?
That is my argument totally, if you accept my deposit without docs then it's a bunch of bullshit to insist on docs for the cashout. And if you are going to insist on docs etc at least don't say it's for the players security. LOL yeah right.
I'd say graylist since they will pay people, just after a threshold they will make it almost impossible to collect. I know Casinomeister has had problems with them in the past and Gambling Grumbles also.
Apparently, the buyer and seller have differing opinions about the likelihood that those things will come to fruition.Quote: FleaStiffMakes me wonder why a sale now when there is so much recent news about electronic devices and live action gambling during sporting events. Great boom coming... so sell out now?
Quote: pacomartin
The article goes on to say that the Nevada sports book market generated a handle of $2.5 billion in 2010.
The data from the gaming commission says that 193 locations made $151 million with a win percent of 5.47%, which seems like it would be a handle of $2.76 billion. I am not sure how to explain the difference.
Maybe pushes or unresolved bets count against the win % without counting against the handle?
Quote: FleaStiffPerhaps some find the hurdles too high and never get their money but it seems to mainly just obscenely absurd delaying tactics. So, I guess graylist, but if they have not yet shaped up why is it that they continue to grow? Surely there should be constant pressure on them to speed up the payouts.
My understanding is they are well respected as a bookmaker etc. It's their online operations that are the problem. 32Red just successfully sued them over trademark infringements. Perhaps it's time to get rid of the management team online and start fresh before their reputation takes a serious hit.
Quote: pacomartinThe data from the gaming commission says that 193 locations made $151 million with a win percent of 5.47%, which seems like it would be a handle of $2.76 billion. I am not sure how to explain the difference.
You're forgetting the skim.
