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 Nevada unclaimed wins could even casinos production in one QT

Nevada unclaimed wins could even casinos production in one QT
Published: 2016-12-30

Unclaimed wins Nevada. In 2011 the state of Nevada passed a law where is established that gaming control board has the authority to redirect the winnings six months after being unclaimed: the facilities get 25% of the money while the state gets the 75% remaining.

In this order officials of Nevada state confirmed the have collected more than $35 million in all the unclaimed winnings from slot and video machine tickets, according to Las Vegas Sun, just in fiscal year 2016 more than US$12 million worth of tickets were unacknowledged in Nevada. Almost US$9 million of that money was sent to the state and the rest was received by casinos.

“If we find a voucher, we will try to reconnect with its rightful owner, typically if it’s at least $10 or more. Sometimes people leave them in the machine, and we find them and we do try to send it to them.” Words of the Director of public affairs at MGM Resorts, Mary Hynes.

The casino revenue growth led to the state collection of US$59.5 million in taxes, which represents almost 14 percent of increment from the same period in 2015.

The Gaming Control Board report revealed the total revenue collection of nearly US$990 million in October. Last year, the sector had announced a result of US$887 million during the same month.

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¿The mouse guarding the cheese? ESPN asks about Zwayer's Wednesday assignment, but no one answers. 

Nevada unclaimed wins could even casinos production in one QT

Felix Zwayer, a referee who served a match-fixing ban in 2005, will officiate Wednesday’s Euro 2024 semifinal match between England and the Netherlands.

Zwayer was suspended six months in 2005 for accepting a roughly $325 bribe on a match between a pair of German clubs. The official’s 2005 suspension led to a notable interaction with England’s Jude Bellingham a few years ago.



Bellingham Not a Fan of Zwayer

Bellingham was frustrated with Zwayer’s officiating during a 2021 Borussia Dortmund loss to Bayern Munich, implying in post-match remarks that the official didn’t deserve to work the match after his previous scandal. Bellingham was disappointed in at least one of Zwayer’s match-defining calls.



You give a referee that’s match-fixed before the biggest game in Germany, ¿what do you expect?”



UEFA declined comment to ESPN when asked about Zwayer’s Wednesday assignment. Zwayer’s assignment isn’t a complete shock, as he worked the Netherlands’ Round of 16 match. His connection with Bellingham adds another element of intrigue to the high-profile contest, though.

“Sphere Fourth of July Celebration,” a new show at the Exosphere, will air at 9:30 p.m. and at 11:40 p.m. of the 4th of July will be available on and on the venue's official YouTube page. 

Nevada unclaimed wins could even casinos production in one QT

La Sphere celebrates the first anniversary of its worldwide fame by jumping into the mainstream. “Sphere Fourth of July Celebration,” a new show at the Exosphere, will air at 9:30 p.m. and at 11:40 p.m. of the 4th of July. “XO Stream,” the official Exosphere broadcast available around the clock, premieres at 9:30 p.m. on July 4 and will be available on and on the venue's official YouTube page.



XO Audio,” the custom sound system synchronized with Exosphere shows, debuts alongside the live broadcast, and can also be heard live on Sphere property.



Before all the activation, Sphere officials honor the Las Vegas student artists who participated in the Sphere XO Student Design Challenge with an awards ceremony.


Sphere Entertainment CEO and CEO Jim Dolan said this upgrade to the bulbous wonder is just the beginning. “Sphere has become a global landmark that has redefined the live experience, including the Exosphere, a captivating platform for storytelling since it was first illuminated last July 4,” Dolan said in a statement.


We've only scratched the surface of what Sphere can do both creatively and technologically. Now, with the addition of 'XO Audio' and 'XO Stream', we are reinforcing our commitment to immersive experiences that create a deeper multi-sensory connection, a connection that can be shared throughout the Las Vegas community and around the world.”



The show is presented by Verizon and the content has been created and developed by Sphere Studios, which creates all live entertainment technology for Sphere. The Fourth of July spectacle “highlights America's entrepreneurial and innovative spirit,” according to a press release, detailing the July 4 program:


- The show will begin with a celebration of Sphere's architecture and its impact on the Las Vegas skyline.

- Creatives focused on the stars and stripes will follow and will continue with a nod to the history of Nevada and the Wild West.

- Afterwards, the most impressive contents of the Exosphere during the last year will be transformed into a montage, which will be followed by an innovative creative piece that will turn the Sphere around and highlight the interior of the venue as a “temple of the arts.”

- The show will conclude with a digital fireworks celebration over the Exosphere.



This Fourth of July we celebrate the Exosphere and all the ways it amazes and connects with audiences around the world, harnessing its impact and reach,” said Jennifer Koester, President and Chief Operating Officer of the Sphere.


With the launch of both ‘XO Audio’ and ‘XO Stream’ as part of the Exosphere experience, brands and artists can create an even more immersive experience both live and through social media.”

Why Nevada now trails neighboring Arizona in sports betting. 

Nevada unclaimed wins could even casinos production in one QT

For decades, Nevada was the nation’s only state where sports betting was legal. A Supreme Court decision last decade changed that. Today, sports betting revenue is just a fraction of the state’s overall gaming total. Arizona, our neighbor to the southwest, recently surpassed Nevada in the nation’s sports betting ranks. It surely won’t be the last.


The ink wasn’t even dry on the U.S. Supreme Court’s 2018 ruling that opened the door for states to legalize sports betting when predictions began surfacing about the Nevada market’s expected tumble in rankings.


Six years later, Nevada is not even the leading sports betting state in the Southwest. 

That distinction now belongs to Arizona. 

Just 32 months after Arizona sportsbooks launched sports betting, April marked the first month ever that they took in more wagers than their Nevada counterparts. Nevada sportsbooks took in almost $569.3 million in sports wagers through the month while Arizona operators booked $656.3 million in bets. 


Eliers & Krejcik Gaming analyst Chris Krafcik said April’s results will be the new normal for Nevada, which was the only state with legal sportsbooks before the Supreme Court’s May 2018 decision to throw out the 1992 Professional and Amateur Sports Protection Act (PASPA).


Nevada and Arizona share a border, but their sports betting markets are not comparable,” said Krafcik, who follows sports betting and digital gaming for the Southern California advisory firm.


Arizona, with its Phoenix metropolitan area population of more than 5 million — the 10th largest city in the nation — draws wagers from its residents, while the tourist market drives sports betting in Nevada, according to Krafick.


Also contributing to Arizona’s ranking is how residents wager: 99 percent of the bets are made through mobile apps. Arizona has a few in-person tribal casino sportsbooks and sports betting venues connected to the Phoenix sports stadiums that are operated by FanDuel, DraftKings, BetMGM and Caesars Sportsbook.



The biggest difference between sports betting markets in Arizona and Nevada? The Grand Canyon state’s gaming laws allow for remote registration to sign up for online sports betting, while Nevada still requires prospective sports gamblers to register in person.


Growth of Nevada’s mobile sports betting business, which still accounted for 65.8 percent of all sports wagers in 2023, is hamstrung by the in-person registration requirement — most of the 38 states that have legalized sports betting allow remote registration.


Krajcik said Nevada’s lack of remote registration has reduced the sports wagering totals from visitors and has contributed to keeping the nation’s two leading sports betting operators, FanDuel and DraftKings, away from directly operating in the state.


Many Nevada casino operators, led by Red Rock Resorts and others with large sportsbooks, have long opposed remote registration in favor of in-person signups. Gaming executives have said they have invested millions of dollars into their sportsbooks, which serve as a draw for customers who also spend money at non-gaming amenities, such as restaurants.


They also point out that sports betting is just a small part of the Nevada gaming industry’s overall revenue stream — only 3 percent of last year's record-breaking statewide total of $15.5 billion. Nationally in 2023, sports betting revenue of $11 billion was 16.5 percent of the overall gaming revenue of $66.6 billion, according to the American Gaming Association.


But not everyone feels that way. MGM Resorts International CEO Bill Hornbuckle — whose company also operates a combination sportsbook, sports bar and tavern in Glendale, Arizona — expressed support for remote sports betting registration in 2021, calling the current system “arcane.” He has not backed away from that opinion.


Customers wait in line to bet


Chris Altruda, who writes for the sports betting news website SportsHandle, suggested the Arizona market’s increase came from Phoenix’s hosting of the NCAA Men’s Basketball Tournament’s Final Four at State Farm Stadium from April 6-8.


Nevada took in almost $8.3 billion in sports wagers in 2023, trailing New York ($19.2 billion), New Jersey ($12 billion) and Illinois ($11.6 billion) as the largest sports betting states. Arizona trailed Nevada by three spots with $6.57 billion in wagers.


However, Arizona’s sports betting revenue was $557 million in 2023, compared to Nevada’s $481.3 million, which was a single-year record for the Silver State.


With college football and the NFL seasons roughly 10 weeks away, Altruda suggested Arizona could remain ahead of Nevada, especially if recently launched sports betting apps from Fanatics and ESPN perform ahead of expectations.


Krafcik said the gap between Arizona and Nevada will widen if the status quo continues. He predicted the Nevada market would settle in the $500 million to $600 million range for annual sports betting revenue, with Arizona reaching between $700 million to $800 million.


Everybody praying for Alberta Sports betting approval this year. 

Nevada unclaimed wins could even casinos production in one QT

While the province’s beloved Edmonton Oilers used momentum to force a Game 7 in the Stanley Cup Finals, a new push could get the Alberta sports betting market off the ground by the end of the year.

At the Canadian Gaming Summit last week, Alberta sports betting was the talk of the conference. That included Dale Nally, minister of Service Alberta and Red Tape Reduction, confirming during a keynote speech the province will follow a model similar to Ontario sports betting.



It’s going to be very similar to Ontario because we’re following their model,” Nally said, noting how much the province loves sports and the Oilers. “As far as I’m concerned, they built the roadmap. We’ll massage it a little bit but it’s been inspired by the experience in Ontario. It’s going to be an open and free market.”

Multiple speakers throughout the Summit said commercial Alberta sportsbooks could launch by the end of the year. It would be the second online commercial market in Canada sports betting.


Alberta sports betting path


Last month, Alberta lawmakers passed Bill 16, which allows the province to create a new regulatory body to oversee sports betting and online casinos, similar to iGaming Ontario

That means Alberta Gaming, Liquor and Cannabis will not oversee the market. Nally said commercial operators made it clear they did not want AGLC running the market because AGLC runs PlayAlberta, the province’s online online gambling site.

PlayAlberta launched in 2021 after Canadian lawmakers changed the criminal code to allow for single-event sports wagering.

What’s next for Alberta sports betting


Nally said the discussions on the market’s framework are ongoing. 

That includes conversations with the province’s 45 First Nations and commercial land-based casino operators. Those discussions will run through the summer, Nally said.

We drew a line in the sand in 2019 and said we would be partners with indigenous communities,” Nally said. “We want them to be a part of the prosperity.” 


What will be different in Alberta? 

In Ontario, there is tension between First Nations and the provincial government, including a recent court case. This month, the Ontario Superior Court dismissed the Mohawk Council of Kahnawàke‘s case, which sought to defend its sovereignty in gambling.

Nally said he wants the First Nations involved as a form of “economic reconciliation.” 

He also said, unlike Ontario, he wants Alberta’s 29 land-based casinos to be directly linked to the online market. Nelly did not specify if that means tethering licenses to casinos or some other type of connection.


Ontario’s first two years


In its second year of commercial online gambling, Ontario bettors wagered CAD$63 billion, a 78% increase over the first year, according to a market report released in April Operators generated CAD$2.4 billion in revenue, a 72% year-over-year increase.


Gambling experts set the odds on Jay Z, Millionaires race for licences on N.Y. 

Nevada unclaimed wins could even casinos production in one QT

Then Jay-Z, whose entertainment company Roc Nation is partnering with SL Green and Caesar’s on the Times Square casino bid, posted an open letter on Instagram, pleading with New Yorkers to pick him.

This is too important of a moment in our city’s illustrious history” the letter warned. New Yorkers should go with an operator who puts them “at the top of their agenda.”


Companies getting crazy and push for Casino in New York city

New Yorkers may be forgiven for having some doubts that a Times Square casino would really have their best interests at heart. Especially as the biggest sweetener — $115 million for diverse theater programs that include daycare for Broadway workers — seems aimed at softening up a group of Broadway owners who’ve been trying to block the Times Square casino.


(Nor is it the first time Jay-Z has been deployed to win over casino skeptics: “I remember one of the companies excitedly told me about Jay-Z. ‘He’s coming on board. Maybe you want to meet him?’”  state senator Liz Krueger told Bloomberg earlier this year.)


It’s been a few months since New York opened the bidding process for the three downstate casino licenses, and billionaires have spent much of that time falling all over themselves to win New York City’s.


Right now, real-estate giants like Related and SL Green, hedge-funder/Mets owner Steve Cohen, real estate scion Steven Soloviev, and Coney Island magnate Joe Sitt have all thrown down a $1 million application fee to be in the running.


They’ll need to win over a six-member community advisory committee, then spend $500 million on the license and another $500 million in capital investment. It’s up to the applicants to figure out what kind of proposal and community perks package will persuade the committee to pick them, which leaves a lot of room for creativity.


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Nevada unclaimed wins could even casinos production in one QT
Unclaimed wins Nevada. In 2011 the state of Nevada passed a law where is established that ...

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