Virgin Hotels Las Vegas will finally get a bookmaker after the Nevada Gaming Control Board on Wednesday recommended the licensing of Betfred Group Ltd. as operators.
The board members voted 2-0 to approve the bookmaker at a special meeting. The Nevada Gaming Commission is expected to review the final approval of the license at its monthly meeting on Thursday.
Betfred, a British bookmaker operator first licensed in 1967, operates in the United Kingdom, South Africa and the United States including Arizona, Colorado, Iowa, Maryland, Louisiana, Pennsylvania, Virginia, Washington and Ohio with 1,400 bets. outlets and 11,000 employees worldwide.
Founder and chairman Fred Dawn – 79-year-old “Fred” Betfred – told board members he “never set out to build an empire” but found that the popularity of sports betting had led to the rapid growth of the industry and his company.
Dawn said that when he started his company with several family members, sports betting was accepted without computer equipment. But a new book at Virgin Hotels will offer a state-of-the-art IGT betting system with four betting windows.
The book will operate at a casino controlled by the Mohegan Tribal Gaming Authority and all but one of the employees will work for Mohegan. One manager will be a Betfred employee, but Mohegan general manager Joe Hasson has said that any disputes with players will be handled by Mohegan, not Betfred.
The bookmaker said they hope the facility will be open in time to accept bets on the Super Bowl. Initially, the Betfred book will only offer sports betting and not horse racing. Managers say they hope to add race betting and a mobile betting app later this year.
This is an evolving story. Keep for updates.