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Sam Nazarian didn't only drop a hint about SBE's plans for the SLS Las Vegas sportsbook at last week's RD&E (Retail, Dining & Entertainment) Experience but he also shared their plans for a poker room, or lack thereof. When SLS Las Vegas opens it will not have a poker room. Nazarian didn't count out a poker room from future phases that there may be of SLS Las Vegas , but a poker room
isn't in the cards a part of the plan today.
When The Cosmopolitan of Las Vegas opened in 2010, they didn't have a poker room. And, despite rumors that they will be adding one, the Cosmo still doesn't have a poker room today with no plans to add one in the future that we know of.
SLS Vegas / SBE / Sam Nazarian / Sportsbooks / → All Tags
Last week, we attended the RD&E (Retail, Dining & Entertainment) Experience which is a conference about hospitality and non-gaming parts of casinos. One of the keynote speakers was Sam Nazarian who owns SBE and the coming SLS Las Vegas which is currently under construction on the grounds formerly occupied by the Sahara.
Nazarian's goal for the SLS is for the property to earn a whopping 70% of revenue from non-gaming amenities. Last year, Nevada casinos had just under 65% of their revenue come from non-gaming venues. The idea behind SLS is that the casino is on equal footing to every other part of SLS (and most other casinos today).
Hidden between discussions about the shopping, restaurants and nightclubs was a nugget about the sportsbook planned for SLS. A plan that sounds a lot like Lagasse's Stadium. The idea is that the sportsbook will be integrated with Umami Burger and will open out to the street (arrows above point to possible locations). According to Nazarian, the idea is that the sportsbook will be more of a sports bar where you can buy a "$10 burger and $5 beer," bet on a game and watch it.
Fight Night / Dining / Drinking / Betting / Sportsbooks / Survival Strategies / Tips / → All Tags
The city of indulgence and home of the 24-hour assault on the senses receives a Pulp Fiction-style adrenaline shot to the heart this Saturday night as pound-for-pound king Floyd Mayweather, Jr. takes on Robert Guerrero at the MGM Grand Garden Arena in a 12-round tilt for Mayweather's WBC welterweight title.
When Mayweather fights in Las Vegas, the world takes notice. This is so much more than 36 minutes of stepping and counterpunching. It's a spectacle that draws people from across the globe to the entertainment capital of the world for a weekend that rivals any 48-hour stretch Sin City has to offer.
College football will take center stage in Vegas when the Golden Nugget releases point spreads for what they consider the biggest games of the season. Golden Nugget has been the first casino sportsbook to release point spreads on college football for seven years in a row now and that tradition continues when they open up betting on Friday, June 7.
NFL / Sportsbooks / Football / Gambling / → All Tags
Everyone that loves sports loves the NFL. The NFL never goes to sleep. It only naps. The NFL is the only professional sports league where people are excited about learning who and when their team will play. Last night, the NFL released the schedule for every team for the next season. People are so into the NFL schedule release that ESPN devoted a TV special for it.
Football is, by far, the most bet on sport in Vegas sportsbooks and release of the schedule has sportsbooks moving quickly to meet the excitement with the release of point spreads. The first casino to release point spreads was the world famous LVH SuperBook.
Sportsbooks / Betting / Vegas News / Elections / → All Tags
Sabermetrics first changed how people look at baseball. Now, it's trickled down to just about every professional sports and all pro teams approach how they build their team differently today then they did five years ago. Many sports bettors have begun to act similarly, using sabermetrics when they bet on sports. Nate Silver is a statistician who created a system for forecasting the performance and career development of Major League Baseball players. In recent presidential elections, he brought similar statistical modeling to predicts the next Commander in Chief. His Five Thirty Eight blog has become popular with its incredible accuracy.
International sportsbooks were quick to follow Mr. Silver to the elections and have been offering bets on presidents. That's been off limits to Nevada sportsbooks, but that may be changing soon. Las Vegas Democrat Tick Segerblom has introduced a bill in the Nevada Legislature to legalize betting on federal elections.
It's not new information that sportsbooks aren't major revenue generators for casinos. Sportsbooks only generate about 1-2% of gaming revenue, but in the past, they had a purpose for gaming business. Sportsbooks have always been seen as an amenity by casinos to keep people on the property with hopes that they'll play more profitable games in the casino. That was a different day.
Today's casinos aren't run by gaming revenue. Nightclub, food and beverage revenue are equal (or greater) generators of revenue for a casino. Casinos aren't mom & pop shops, they're run by major corporations who have to report earnings every three months. They have to explain where every penny of revenue and profit comes from and they have to find more money every quarter. If more money is being made by selling overpriced nachos then a casino will focus their efforts on getting that revenue. Revenue for a hotel and casino are broken down by how much every square foot generates. We shouldn't be surprised to see sportsbooks shrinking when they are only providing 1-2% of revenue of overall gaming.
Vegas Rumors / The Quad / Sportsbooks / Hotel Renovations / Renovations / Construction / Nightclubs / → All Tags
Things are a'changing fast at The Quad. Pulse of Vegas, the blog of Caesars Entertainment, recently chronicled the opening of a new bar (Catalyst), a new section of casino floor, a new wine and spirits shop, and two new entrances as well. While work continues on other sections of the hotel-casino, no mention has ever been made about improvements to its sportsbook. But, is that about to change?
VegasChatter Facebook fan Mike P. messaged us today with this news:
The Mirage sportsbook was one of the first "mega sportsbooks" in Las Vegas. Over time, it began to show its age. You could see it from the TVs to the worn furniture. That changed this week as The Mirage finished renovations to its sportsbook just in time for March Madness. One thing will stand out to anyone that walks by and that's the giant 85 foot long, $1.5 million digital display.
The impressive display can be chopped up into 12 sections, as needed, allowing a variety of games in different sizes. The display is great and certainly impressive but, for the sake of comparison, the crispness of the picture isn't quite as sharp as the Cantor Gaming sportsbook at Venetian. It's still impressive, though. The theater-style lighting is another difference between the two sportsbooks. Regardless, this is a major step forward for The Mirage.
Openings / Sportsbooks / Plaza / William Hill / Betting / → All Tags
You know something is a big deal when former Mayor Oscar Goodman officiates it and that was the case when William Hill unveiled their new sportsbook at the Plaza. The space itself is huge -- probably the largest downtown -- but it has been neglected and in disrepair for years. Enter William Hill who bought in plenty of blue paint to brighten up the dark space. They also brought plenty of seating and 75 brand new TVs.
The main viewing area has two rows of short cocktail tables and two rows of bistro tables featuring four bar stools a piece. Pop Up Pizza is a 10-second walk from the sportsbook and this would be a great place to bring a pie over any enjoy the games. We were treated with balloon and mini basketballs at the opening. Our basketball wanted to play some video poker, but had problems finding money.
March Madness / Sportsbooks / Gambling / NCAA / Basketball / → All Tags
We've been preparing for this week since before the Super Bowl. Finally, the madness begins! The NCAA Basketball Tournament begins tomorrow, March 19 with a couple of play-in games, but March Madness begins Thursday around 9 a.m. These play-in games are still new to the NCAA Tournament and have yet to bring much madness to the event so the chaos still begins later in the week. The sportsbooks will be packed all weekend and there will be March Madness viewing parties anywhere you can squeeze a TV.
To understand how chaotic March Madness is in Las Vegas, just imagine the crowds for the Big Game spread over 12 hours a day for 4 consecutive days coinciding with the beginning of spring on Wednesday and the kick off of pool season. Here are a few links to get you ready for the action:
Sportsbooks / March Madness / Cantor Gaming / William Hill / Station Casinos / Sports Connection / Apps / → All Tags
Recently, we shared the Vegas observation that there are so many more wagering options at the sportsbook then ever before. Along with the wide variety of wagers available in just the past year has also come new ways to place those bets. As this writer commented, he hasn't placed a wager at a sportsbook in a while. That doesn't mean that we're not at the sportsbook less often, it just means that we get our bets down a different way.
In the past two years, Cantor Gaming, Station Casinos and William Hill all introduced sports betting apps. (Station Casinos' app is the only one that gives players club points.) While none are perfect, all have their good attributes and all will help you avoid annoyingly large lines at the sportsbooks during March Madness.