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Saturday Sportsbooks Celebrate Solid Results from Busy Betting

Saturday Sportsbooks Celebrate Solid Results from Busy Betting

Mayweather-Pacquiao was the biggest draw for a busy day in sports wagering.

Sports bettors rarely have times such as this past Saturday.

Not merely was the long-awaited fight between Floyd Mayweather Jr. and Manny Pacquiao held, bringing in an unprecedented number of bets for a boxing match, but that battle came at the end of a very busy day in the sports globe.

That made it a day to keep in mind for fans, bettors, and perhaps nearly all of all, sportsbooks.

All long, there were events to be bet on day. There was playoff hockey early on, as the Capitals to even up their show at one game each.

Later later in the day, there was the thrilling game seven encounter between the San Antonio Spurs and also the la Clippers; a big performance by Chris Paul sent the Clippers to the second round.

And there was a lot of baseball all day long, including a clash between the Yankees and the Red Sox, a matchup that always yields plenty of attention.

Kentucky Derby Won by American Pharoah

But there have been two big events that basically drove the action that is betting Saturday. First, there clearly was the Kentucky Derby, the initial of the Triple that is annual Crown races.

The battle was won by favorite United states Pharoah, who finished a length ahead of Firing Line while second choice Dortmund came in third.

Since the three horses that completed into the money were the 3 top favorites, that meant a lot of racing fans were Continue reading Saturday Sportsbooks Celebrate Solid Results from Busy Betting

Wynn Resorts Dividends Slashed Following Macau Slump

Wynn Resorts Dividends Slashed Following Macau Slump

Wynn Resorts share dividends took a nosedive this week due to results that are poor Macau gambling.

Wynn Resorts Ltd is moving on the pain of the drop that is sharp Macau gambling to its shareholders by cutting dividends by 67 percent, Bloomberg reports.

The gambling chain, which owns and runs the Wynn Macau casino resort, posted its earnings for the first quarter of 2015 this week, and also the news isn’t pretty if you are an investor.

Income was hovering just under $1.1 billion, a reduced figure than industry quotes of $1.12 billion.

As being a result, dividends from shares spiraled downwards to 50 cents per share. That is clearly a 3rd regarding the $1.50 given out in February.

Wynn Resorts Ltd also posted a $17.1 billion table games turnover in the VIP sector, a drop of over 52 % set alongside the exact same quarter year that is last. Table games return in the mass market sector was also down, by 7% to $279.6 million.

Following the dividends results were announced, Wynn shares dropped 9 percent to close at $130.48.

Macau Clampdowns everyone that is affecting

The continuing crackdown on corruption in China is having a huge effect in the Macau economy. Chinese President Xi Jinping happens to be on a crusade the year that is past so to stop thousands of public officials removing towards the Macau peninsula with public funds.

The amount of money allowed to be brought slots of las vegas casino from the mainland to Macau, China’s sole arbiter of le Continue reading Wynn Resorts Dividends Slashed Following Macau Slump