Selling Off the Vegas Strip as Sports Betting Spreads!

News coming out of Las Vegas is that up to 20% of the casinos on the Strip could be up for sale as soon as next year, including properties like Caesars Palace, Bellagio and the MGM Grand. Also, industry news finds that talk of regulation continues as sports betting spreads to states like Connecticut and Arizona, among others.

Well well well… we meet again. Back for another edition of This Week in Gambling. Interesting news coming out of Sin City where there are rumors of a massive sell-off on the Las Vegas Strip, but first, this week’s big story. Sports betting is spreading across America faster than herpes at a Charlie Sheen party. Right now seventeen states have regulated the activity and more are on the way… and that has translated to big profits for some.

British bookmaker William Hill was smart enough to get a foothold in America long before the Supreme Court’s sports betting decision just over a year ago. They opened their first book in Nevada way back in 2012 and now they’re reaping the rewards. The company is live in seven states and could hit $1 billion in profits just in the first half of this year! Plus, with more states opening up as sports betting spreads… and the company’s plans for expansion... soon nearly half of their income could be coming from America.

Meanwhile, Massachusetts, North Carolina Iowa and Oklahoma have all been making headlines recently as they push toward regulation of sports wagering, and now you can add a couple more states to that growing list. Talks about legalizing the industry have now started in Connecticut, where of course, any regulation would have to come via Tribal gaming interests to avoid potential conflict.

Tribal gaming also plays a key role in Arizona where the topic has emerged recently, but the tribes there don’t even seem interested in sports betting at this point. Nevertheless, the governor seems confident that it will get done at some point… he just doesn’t know when. Maybe 2021… 2022?


Since so many of you are interested in betting on sports, and since sports betting spreads so quickly, we recently published an article on our website about states where sports betting is currently regulated, or where it soon will be. You can find that article by following the direct link that we placed for you below this video in the descriptive area.

Now recently, Eldorado Resorts purchased Caesars Entertainment for just north of $8.5 billion… perhaps you heard about this. Now Eldorado says they may be forced to sell some of Caesars properties due to antitrust concerns. Caesars Palace, Harrah’s, the Flamingo, the Linq, Bally’s, Paris and Planet Hollywood… all strip casinos… and all could be up for sale next year.

And then came this rumor from MGM! Reports say that they are shopping their Bellagio and MGM Grand properties, and if true that means that nine casinos… a full 20% of the Vegas Strip… could soon be on the market! I wonder if they’d take a check? You know, I’d just have to post date it… Just don’t cash it until Friday… 2053…