A group of Las Vegas casino operators are planning to pool their sports book bets so their books can handle heavier betting action.
South Point owner Michael Gaughan received preliminary approval from Nevada’s Gaming Control Board to pool sports bets with the Palms, both Cannery casinos and the Rampart Casino at the JW Marriott in Las Vegas.
Pooling will allow the books to accept larger bets on all sports, but the casino operators really want to capture a larger share of college and pro football bets when the season begins in September.
The arrangement will allow these casinos to compete more effectively against larger casinos that run multiple books, including Station Casinos, Boyd Gaming Corp., MGM Mirage and Harrah’s Entertainment.
The properties, however, can’t begin taking bets under the proposed system until the Nevada Gaming Commission approves the plan. They plan to consider the proposal at their Aug. 20 meeting in Carson City, Nevada.