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Place your bets: The NBA just struck a deal with a casino

DraftKings CEO: Legal sports betting will bring innovation It just became the first American pro league to announce a deal with a casino and sports book operator. MGM Resorts International will be the league's official gaming partner. Sports betting is still illegal in most of the country. But in May, the Supreme Court opened the way for states other than Nevada to legalize it for the first time. That helped prompt the NBA-MGM partnership. The arrangement will allow MGM to use official NBA data feeds in its sports betting operations, along with the NBA and WNBA logos. The value of the deal was not disclosed. MGM ( MGM ) CEO Jim Murren said the partnership would "revolutionize sports betting in the United States." He said the NBA data and logos will give bettors more confidence in the integrity of the wagering. "I know the value of data. To have the official NBA data for bettors around the world is very valuable," Murren said. Related: States can legalize sports betting.

For the original version including any supplementary images or video, visit https://money.cnn.com/2018/07/31/news/companies/nba-mgm/index.html

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Calendar quirk contributes to drop in New Orleans casino winnings

Winnings by Harrah’s land-based casino, the Fair Grounds racetrack and the three riverboat casinos were $50 million in July, compared to $50.8 million in July 2017, according to figures released by the Louisiana Gaming Control Board . That was better than the state’s overall performance, which was 5.5 percent lower than the year before. The state's 15 riverboat casinos, four racinos and Harrah's took in $222.4 million in winnings during July, down from the $235.4 million. The calendar difference didn’t have any effect on video poker revenues statewide. Revenue from terminals in truck stops, bars and restaurants was up 3.4 percent to $49.2 million from $46.2 million.

For the original version including any supplementary images or video, visit https://www.theadvocate.com/new_orleans/news/business/article_15bb46a8-a240-11e8-8d04-6358fee49261.html

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