Legendary Vegas bookie tells pro leagues, NCAA: Get out of gambling biz or else |
The federal indictments against 26 former and current college basketball players and a
former NBA player announced this week alleging a widespread point-shaving operation is yet
another “told you so” moment in sports betting. And unfortunately, there’s more of that to come.
I should know.
For over 40 years I built and ran sports books in Las Vegas, at Caesars Palace, the Las Vegas
Hilton, Station Casinos and more. And as a longtime industry leader, my position was and
remains straightforward and consistent – there must be a clear separation between participation
in sports and gambling on sports. The sports leagues and NCAA used to agree.
Before 2018, Nevada was the only state in the U.S. to bet on sports and we did a commendable
job monitoring suspicious wagering activity and unusual point spread movement. For instance,
we........