The Swamp Can Resume its Gambling Problem

Okay . . . let's try this again.

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The Swamp Can Resume its Gambling Problem

Post by A_B » Mon May 14, 2018 9:31 am

States can now allow sports betting if they want.
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Re: The Swamp Can Resume its Gambling Problem

Post by rass » Mon May 14, 2018 9:35 am

No reason for brian to stay in Vegas now.
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Re: The Swamp Can Resume its Gambling Problem

Post by brian » Mon May 14, 2018 10:21 am

Seen a lot of people suggesting this somehow means doom for Las Vegas and not sure I agree. There are probably a very, very small subset of gamblers who visit Las Vegas only for sports betting and I suppose those folks might not visit any more if you can bet on games in New Jersey or New York or wherever, but at worst it's probably going to just make it more mainstream and increase the handle for casinos in Las Vegas.

Remember that everyone predicted Las Vegas was done in the 1970s when New Jersey legalized casino gambling. The population of Las Vegas then was 350,000 people. There's now enough hotel rooms in Las Vegas to hold 350,000 people.
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Re: The Swamp Can Resume its Gambling Problem

Post by The Sybian » Mon May 14, 2018 11:36 am

brian wrote:
Mon May 14, 2018 10:21 am
Seen a lot of people suggesting this somehow means doom for Las Vegas and not sure I agree. There are probably a very, very small subset of gamblers who visit Las Vegas only for sports betting and I suppose those folks might not visit any more if you can bet on games in New Jersey or New York or wherever, but at worst it's probably going to just make it more mainstream and increase the handle for casinos in Las Vegas.

Remember that everyone predicted Las Vegas was done in the 1970s when New Jersey legalized casino gambling. The population of Las Vegas then was 350,000 people. There's now enough hotel rooms in Las Vegas to hold 350,000 people.
But in fairness, nobody predicted Trump was dumb enough to go bankrupt running casinos.
I hear Syb is a big fan of the old judicial overreach around.
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Re: The Swamp Can Resume its Gambling Problem

Post by Nonlinear FC » Mon May 14, 2018 11:47 am

I don't see anything breaking Vegas as a destination. There's so much to do there now and like you said, online gambling and sports betting isn't what drives people that go to Vegas for the experience.

What I thought might break the town is when they tried that bullshit of making it a family destination. :D
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Re: The Swamp Can Resume its Gambling Problem

Post by brian » Mon May 14, 2018 11:52 am

The other thing everyone is forgetting is that the NCAA had been fucking Nevada over for the last 20 years by not allowing any postseason games or tournaments (other than conference tournaments) and presumably that prohibition will soon be over since the NCAA will be forced to play the Final Four in Wyoming or Utah every year if they're going to prevent states with legal sports betting from hosting.

So that means in the next 10 years, you'll almost definitely see a Final Four in Las Vegas at the new Raiders Stadium. I'd bet you'll probably see a college football title game at Raiders Stadium before 2030 as well. T-Mobile Arena will be a popular site for regional finals at some point possibly. There's been rumors that the women's basketball tournament will play its entire Sweet 16 in Las Vegas since there are several 13,000+ arenas on the Strip (with one more to come from MSG in 2021).

The net effect of those on the Las Vegas economy far outweights even a slight dip in sports betting revenue and I'm not convinced sports betting revenue in Las Vegas will dip at all. If anything I expect it to increase.

ETA: All those things I've mentioned have already been bid on by the LVCVA in the last few years despite the prohibition. They've been laying groundwork with the NCAA and once the dam bursts you're going to see Las Vegas win a lot of these events going forward. Ironically, the first NCAA events to be hosted will probably end up being things that won't even be bet on like NCAA national finals for things like golf, etc. I'd also bet my mortgage that Las Vegas gets a Frozen Four before it gets the basketball tournament.
"Cut from the cloth of a flag that bears the name 'Battle Born'" - Killers, Flesh & Bone

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Re: The Swamp Can Resume its Gambling Problem

Post by Nonlinear FC » Mon May 14, 2018 12:58 pm

Hmm... Is ASU close enough to the "local" host of a Frozen Four?

Trying to remember who got that nod when Tampa had it. Come to think of it, not sure who got it when it was in DC.

Huh. Says Navy.. So I guess you can just have a club team?

Oh, shit... Tampa's was co-hosted by Wisconsin??

Frozen Four in Vegas in 6 years.
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Re: The Swamp Can Resume its Gambling Problem

Post by brian » Mon May 14, 2018 1:00 pm

Nonlinear FC wrote:
Mon May 14, 2018 12:58 pm
Hmm... Is ASU close enough to the "local" host of a Frozen Four?

Trying to remember who got that nod when Tampa had it. Come to think of it, not sure who got it when it was in DC.

Huh. Says Navy.. So I guess you can just have a club team?

Oh, shit... Tampa's was co-hosted by Wisconsin??

Frozen Four in Vegas in 6 years.
Arizona State would likely be the host. They already play what is intended to be an annual tournament at T-Mobile every year.
"Cut from the cloth of a flag that bears the name 'Battle Born'" - Killers, Flesh & Bone

"As the saying goes: The house always wins in Vegas. The city doesn't look like this because the visitors are winners."

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Re: The Swamp Can Resume its Gambling Problem

Post by Nonlinear FC » Mon May 14, 2018 1:11 pm

Yeah, makes perfect sense, but if Tampa can get by with Wisconsin... I was going to say all bets are off, but stopped myself because that's cheesy.

Shit...
You can lead a horse to fish, but you can't fish out a horse.

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