Caesars Sports Fires Longtime Bookmaker Nick Bogdanovich

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Longtime Las Vegas bookmaker Nick Bogdanovich confirmed to media that he has been fired by Caesars Sports just four months after Caesars Entertainment completed its $4 billion acquisition of William Hill and named Bogdanovich as its vice president of trading.

According to a text message to the Las Vegas Review Journal, Bogdanovich merely said that Caesars “wanted to go in a different direction” He refused to make further comments.

William Hill Sportsbook Director

Prior to being the vice president of trading at Caesars, Bogdanovich served as William Hill sportsbook director since 2012.

As sportsbook director, Bogdanovich was in-charge of risk management and ensuring that the company’s trading department complies with the Nevada Gaming Regulations. Bogdanovich also made sure that William Hills’ betting meny is the best in class.

Unless he decided to take a break, it’s unlikely he will be jobless for long. With his knowledge, experience and worldwide contacts would make him a valuable asset to any sports betting organization.

With the sports betting industry wars heating up right now, several competitors are already rumored to be in talks to sign Bogdanovich to their fold.

Bogdanovich Rose from the Ranks

Bogdanovich rose from the ranks to become one of Sin City’s top bookmaker. He started his sports betting industry career in 1986 as a ticket writer at the Sand sportsbook in Las Vegas. He also spent nine years as Binion’s Horseshoe sportsbook director and was also in-charge of sportsbooks at the Stratosphere, Mandalay Bay, and the Golden Nugget.

A native of Las Vegas who attended Western High School, Bogdanovich played college basketball while earning a degree in business administration from Lewis-Clark State College in Lewiston, Idaho.

He was a director of bookmaking operations at Club Cal-Neva sportsbooks when the latter and the American Wagering and Brandywine Bookmaking were bought by William Hill for $55 million in 2011.

NGCB Approves William Hill’s Takeover of CGT Operations in Las Vegas

William Hill

British company William Hill has received the green light to purchase CG Technology’s operations in Nevada. On Thursday, the Nevada Gaming Control Board approved Wiliam Hill’s takeover of CGT’s assets in the Silver State.

William Hill CEO Joe Asher said that he was excited with the approval of the acquisition. He added that they have started discussions with Las Vegas Sun for the renovation of the Venetian sportsbook. Asher also said that they are looking to renovate Silverton:

“There are some things we will do a little differently. We just wanted to get the finish line. We’ve invested millions into sportsbooks in this state.”

Significant Presence on the Strip

The approval will allow William Hill to take control of the sportsbooks of The Venetian Las Vegas, Palazzo, Tropicana Las Vegas, Cosmopolitan of Las Vegas, Palms, and Silverton. All casinos are on or near the Las Vegas Strip which is a market where William Hill can grow.

Willam Hill announced the planned takeover last year. As one of the largest sportsbooks in the world, William Hill already has a strong presence in Nevada. Prior to the news of its proposed acquisition of CGT’s assets, William Hill operated 113 race and sportsbooks in the Silver State. However, it lacked a significant presence on the Strip.

The deal effectively removes one competitor from the picture and puts William Hill brand in some of the Strip’s most shiny casino gems. Nevada is currently home to around 200 sports betting locations and the British company continues to grow its presence in the U.S. market.

End of The Road For CGT

Asher was the managing director of CG when it came to Nevada during the mid-2000s. It was then known as Cantor Gaming and was the sports betting branch of the financial company Cantor Fitzgerald. Asher quit in 2007 to form his own sportsbook firm called Brandywine Bookmaking which quickly grew into 16 race and sportsbooks in Las Vegas under the name Lucky’s Race and Sports.

For its part CG has a history of being penalized by the Nevada Gaming Control Board. It has been penalized three times for various violations including allowing out-of-state wagers, accepting bets after the conclusion of events, and paying out too much and too little on some wagers. CG paid a total of $10M across those violations.

ESPN also reported that CG was involved in in an “illegal gambling and money laundering scheme” which cost it another $22.5M in federal penalties. The NGCB had threatened to revoke CGT’s license as recently as last year but it survived the storms. However, this latest development does look like the end of the road for CGT in Las Vegas.