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Las Vegas Oddsmakers Are March Madness’ Big Winners After Two Rounds

Las Vegas Oddsmakers Are March Madness’ Big Winners After Two Rounds

Las vegas oddsmakers are welcoming in spring with open hands. The NCAA men’s basketball tournament is providing casino sportsbooks with the perfect elixir after a run of 12 months that was filled with underdogs overcoming long odds.

It has been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.

With the first week of March Madness within the publications, it absolutely was the oddsmakers in Nevada that played the winning pay the sports bettors.

Using the top-seeded and champion that is defending Wildcats out, along with No. 2 seeds Duke and Louisville, many brackets and wagers were busted. And that’s good news for the home.

Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We fundamentally became Caesars Palace federal reserve and had been printing money.’

Vegas was due for a strong run after a 2016 that was full of prediction and recreations chaos that is betting. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the World Series, Cleveland winning the NBA Finals, Clemson upending Alabama in university football, as well as the ‘Brexit’ vote kept both domestic and international oddsmakers guessing.

While publications in Nevada have largely weathered the storm, the March Madness victory so far is obviously welcomed.

Duke Loss, Vegas Win

The Duke Blue Devils are the Green Bay Pack Continue reading Las Vegas Oddsmakers Are March Madness’ Big Winners After Two Rounds

Las Vegas, Nevada Oddsmakers Are March Madness’ Big Winners After Two Rounds

Las Vegas, Nevada Oddsmakers Are March Madness’ Big Winners After Two Rounds

Nevada oddsmakers are welcoming in spring with available hands. After a run of 12 months that has been full of underdogs overcoming long odds, the NCAA guys’s basketball competition is providing casino sportsbooks using the perfect elixir.

This has been more sorrow than celebration for patrons at Las Vegas sportsbooks this March Madness.

Aided by the first week of March Madness in the books, it had been the oddsmakers in Nevada that played the hand that is winning the sports bettors.

Using the top-seeded and champion that is defending Wildcats out, in addition to No. 2 seeds Duke and Louisville, many brackets and wagers have already been busted. And that is good news for the home.

Talking with ESPN, Frank Kunovic, director of specialty games for Caesars Entertainment, said, ‘We essentially became Caesars Palace federal reserve and were printing money.’

Vegas was due for a strong run after a 2016 that was filled with forecast and activities chaos that is betting. The election of Donald Trump, Leicester City winning the Premier League, the Chicago Cubs winning the planet Series, Cleveland winning the NBA Finals, Clemson upending Alabama in university football, as well as the ‘Brexit’ vote kept both domestic and oddsmakers that are international.

While publications in Nevada have largely weathered the storm, the March Madness victory thus far is obviously welcomed.

Duke Loss, Vegas Win

The Duke Blue Continue reading Las Vegas, Nevada Oddsmakers Are March Madness’ Big Winners After Two Rounds

British Betting Industry Exempted from Punishing AML Directive

British Betting Industry Exempted from Punishing AML Directive

The united kingdom bookmaking industry is exempted by the nation’s Treasury through the brand new Fourth EU Money Laundering Directive, thus escaping the onerous and high priced fate of conducting due diligence on every deal of €2,000 (£1,740 / $2,150) and above.

The UK betting industry breathed a collective sigh of relief as it had been exempted from the Fourth EU Money Laundering Directive this week.

The government said the decision had been made after consultation with UK’s National Risk Assessment (NRA), which deemed betting, both online and off, to be low-risk in comparison with other sectors as the industry breathed a heavy sigh of relief. Both land-based and casinos that are online however, won’t be exempted.

Stay Vigilant

However the government emphasized that the industry must remain diligently committed to it anti-money laundering (AML) duties, or it could simply find itself having to fill out of the EU’s tiresome transaction report forms after all.

According to the British Gambling Commission, ‘the government has made clear that it will regularly review its place in relation to the cash laundering and terrorist financing risk that gambling providers present.’

As being a condition of certification, gambling operators are currently required to conduct AML assessments of their business and develop and implement stringent AML policies.

The Proceeds of Crime Act 2002, meanwhile, requires operat Continue reading British Betting Industry Exempted from Punishing AML Directive