Gambling News | Bitcoin Payouts, Wynn Case, The Mirage and Mandalay Bay Plan Mid-Week Closures

Gambling News Podcast

Bitcoin is dominating the financial news these days with a dramatic climb in value. Heading into the final week of November, its value has reached $18,500 in early trading. This rapid increase in price has increased the demand for Bitcoin in a number of different ways. The Winning Poker Network was paying out more than $100 million monthly in Bitcoin. More recently, that figure has increased to $160 million. This represents close to 95 percent of this popular poker site’s monthly payouts in winnings. The trend should continue as long as this bull run continues.
Next up, Clark County Judge Rules Nevada Gaming Regulators in Wynn Case
Multiple allegations of sexual misconduct by Steve Wynn came to light in January of 2018. By March of that year, he resigned his position as CEO of Wynn Resorts. He also sold all of his stock shares in the Las Vegas casino company. In 2019, the Nevada Gaming Board (NGCB) filed a lawsuit against Steve Wynn. The Board was seeking to permanently ban Wynn from any involvement in the Nevada casino industry. More recently, Clark County District Judge Adriana Escobar ruled against the NGCB in this matter. She stated that the board does have the ability to declare Wynn unsuitable to hold a Nevada Gaming license.
In the next story, The Mirage and Mandalay Bay Plan Mid-Week Closures
Due to rising cases of COVID-19 coupled with low mid-week demand, many Las Vegas hotels are reducing hours. While they will all remain open on the weekends, many will close Tuesdays and Wednesdays. MGM Resorts just announced that the Mirage and Mandalay Bay will close their hotels from Tuesday until noon on Thursday. This starts Nov. 30. Other properties on the Strip with mid-week closures include Park MGM, LINQ, Planet Hollywood and Encore. This will only impact its hotels. Casinos and other resort amenities will maintain regular business hours. Some plan to resume normal hotel operations after the first of the year.
In the last story, FOX Sports Wisconsin Part of Network Sports Gambling Partnership
FOX Sports Wisconsin has the broadcast rights to the MLB’s Milwaukee Brewers and the NBA’s Milwaukee Bucks. It is part of a regional network of 21 stations dedicated to sports-related content. A few years back, this network was purchased by Sinclair Broadcasting based in Maryland. That company has recently formed a sponsorship deal with Bally’s Corp to rename this network. The logical choice would be Bally’s Sports. This is a 10-year deal worth $85 million. This could also result in the ability of live sports betting through this network where legal. Bally’s plans to develop a mobile betting app with the necessary interactive capabilities.
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