South Point to run Cannery, Palms books

Jun 30, 2009 5:09 PM
by David Stratton |

The sports book operation at Michael Gaughan’s South Point hotel/casino will take control of the sports books at the Palms, Cannery, Eastside Cannery and Rampart casinos, in time for the upcoming football season, GamingToday has learned.

The shift in operating control applies only to sports betting and not the respective casinos’ race books, according to Gaughan.

The changes will require approval from Nevada regulators, who will review the proposals at their August 2009 meetings Gaughan confirmed.

Under the proposal, the Palms, Cannery and Rampart sports books would begin using South Point’s "numbers," such as betting odds, point spreads, wagering limits and other parameters.

"We’re merging our sports book with those casinos’ sports books," Gaughan said. "Everyone still runs their own book, but we would be responsible for setting lines and limits."

All money bet would be funneled to the South Point, with the "satellite" or "affiliate" sports books taking a percentage of the total volume bet. Gaughan referred to it as a "pooling of handles."

The "satellite" sports books would also use South Point’s parlay cards.

At South Point, Bert Osborne, the director of sports operations, would become responsible for overseeing the betting at the other sports books.

However, personnel issues would still be under the control of the current managers, according to one of the supervisors.

When contacted by GamingToday on Monday, the South Point’s Bert Osborne said the process of establishing operating connections with the other sports books "is still too far out to discuss," and deferred comments until a later date.

Question? Comment? E-mail me at: David Stratton