Old friends land in Gold rush!

Feb 3, 2004 7:42 AM

NEW NUGGET’S SOLID GOLD! "Things are changing at the Golden Nugget downtown," reported an excited pipe. "There are some old but new faces showing up behind the counter at the race and sports book."

The caller was referring to Chris Andrews and Nick Bogdanovich, two of the sports betting industry’s better-known names. They’re also two of the industry’s most capable bookmakers.

Andrews has spent several years in a similar capacity at the Cal-Neva in Northern Nevada while Bogdanovich spent a number of years at Binion’s Horseshoe when Jack Binion ran the downtown property.

Vegans with good memories will also remember Nick for his bad beat with Charles Barkley’s Super Bowl bet a couple of years ago at Mandalay Bay.

"Hey, it didn’t take long for the players to see a major difference in the way the book is run and also in the new limits that have been set. It shouldn’t take long for all the former downtown sports fans to find their way to the new Golden Nugget," said the pipe.

Indeed, the Golden Nugget is planning to implement changes and reduce restrictions that will draw in sports and race bettors.

Moreover, the Golden Nugget’s new casino will be launching aggressive strategies in all aspects of the casino. Watch for 6x, 8x and 10x odds at the craps tables coming soon.

And keep reading GT for all the latest happenings.

 

U.K. MAY NOT BE OK: Not unless they reduce what U.S. gaming authorities are calling an onerous tax.

As it stands, English gaming companies are paying a 40% tax on their gaming operations, a figure that is troubling to most American companies.

Recently, the Isle of Capri Inc., one of several U.S. gaming companies to be making a big push in the U.K. to re-write their gaming laws, said they want the country to lower its gaming tax to something more palatable, say 15%.

They certainly couldn’t expect American companies to make major investments if they’re bucking such an excessive tax, said one gaming official.

Also on record as opposed to the 40% tax is MGM MIRAGE Inc., whose representatives said the current tax level is prohibitive.

Looks like once again we’ll have to pull the Brits’ chestnuts from the fire.

 

THEY GAMBLE BIG IN MACAU: Proof of the attraction the Chinese island of Macau has to Las Vegas operators can be seen in the revenue reports of local gaming magnate, Stanley Ho. For the month of January, which included Chinese New Year, Ho’s properties set a record of three billion patacas, or $375 million American dollars. That was an increase of some 35% over last year.

Ho’s executives say the increase resulted because there are far more Chinese travelers from the Chinese mainland making the trip. And, these include a large number of high-stakes gamblers from Guangdong Province and Shanghai.

Currently, only Sheldon Adelson of The Venetian and Steve Wynn of Wynn Resorts are licensed to build and operate casinos in Macau, but other companies are hopeful local officials will open up the region to other operators as well.

 

WHAT’S IN A NAME? A lot, if the name happens to be Kennedy and not (Pete) Rose. Case in point took place in Louisiana over the weekend: A fellow named Edmund Reggie was inducted into the Louisiana Political Museum and Hall of Fame.

Reggie was a former small-town judge and banker who was influential in the Democratic Party because of his association with former governors Earl Long and Edwin Edwards. He also was on a first name basis with some of the family of former president John F. Kennedy.

Being ignored by the Hall of Fame committee was the fact that a dozen years ago, Reggie was convicted of bank fraud.

Among the guests at the induction was Sen. Edward Kennedy who just happens to be married to Reggie’s daughter, Victoria Reggie Kennedy.

Maybe Rose would have had a better chance for the Hall of Fame if he had married well!