Prohibition of the $10 horse contests in the state of Nevada
goes into effect this week, but those places holding free ones can continue.
GamingToday sources indicate that Poker Palace
is the only free contest on the board. The North Las Vegas venue has two
contests with a $500 top prize for each. The first contest is Wednesday through
Friday, while the second takes place Saturday and Sunday. Entrants must be
present each day of the contest in order to win.
The Monte Carlo is working on a free contest. Further
details, if available, will be in next week’s GT edition. All
other contests are on hold, until they can get their contests completely
The new regulations were part of the Nevada Gaming Control
Board’s massive Minimum Internal Control Standards, which sets the accounting
criteria for virtually every casino operation.
The new standards affecting race and sports contests requires
that all entry fees, prize payouts, contestants’ selections and contest
results to be recorded in the casino’s computerized race and sports system.
Most of the casinos’ betting systems in Nevada are provided
by Vic Salerno’s American Wagering. These systems process all wagers, and
maintain accounting controls and records.