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Column: How Shanghai trading is changing the physical nickel market

Indeed, the growth of trading in Shanghai may prove beneficial to London as the new Chinese contract stimulates both paper and physical arbitrage.

Graphic on ShFE nickel price, volumes and open interest:

The take-away is that although Shanghai nickel may be prone to the same day-trading investment crowd flooding other local markets, its success is founded on bigger, more institutional players who are prepared to hold positions for longer. They currently stand at just over 80,000 tonnes. This is nothing new.

Answers on a postcard. It is too bulky for many manufacturers and needs to be cut into more manageable shape prior to usage, trading therefore at a discount to cut cathode and briquettes.

LME broker Triland Metals, for example, noted in its April 20 weekly physical premium report that Russian full-plate was trading at $40 over LME cash prices in the Belgian port of Antwerp, while briquettes were offered at $5-10 in Asian locations.

And in doing so, it altered both flows and stocks of refined nickel around the world.

Graphic on LME nickel stocks:

Will it allow exchanges such as ShFE to open up to international markets or will it favor the sort of connector model being pioneered in the stocks-trading space by Hong Kong Exchanges and Clearing, which now owns the LME?

Volumes already regularly exceed those on the London Metal Exchange (LME), which has dominated wholesale nickel trading for many, many years.

Beijing has made no secret of its longer-term ambitions to become a price-maker rather than price-taker of commodities such as base metals.


In March, for example, the ShFE contract traded around 10.76 million tonnes for nickel, even factoring in Chinese exchanges’ habit of counting both sides of a transaction in their volume figures.

(The opinions expressed here are those of the author, a columnist for Reuters)

On the LME, where volume figures are inflated by the exchange’s complex spread structure, headline activity amounted to 10.50 million tonnes.

Graphic on China’s Imports of Russian nickel:

The Shanghai nickel contract has also seen a steady build in market open interest, currently just over 707,000 tonnes.

Right now, there is no reason why the ShFE and LME contracts can’t coexist as Chinese domestic and international market-places respectively.

However, having once accounted consistently for over 90 percent of LME stocks, full plate inventory now represents just over 40 percent.

Some of that metal has gone into ShFE-registered warehouses, where stocks have been trending ever higher. David Wilson, analyst at Citi, estimates that there is somewhere like 250,000-300,000 tonnes of metal in bonded warehouse and mainland non-exchange storage.

More has disappeared into off-market obscurity.

Chinese imports of refined nickel have always included some Russian material but this typically accounted for between 45-55 percent of the total.

The Shanghai contract’s gravitational pull on Russian nickel is altering both the composition of LME stocks and the physical market premium structure.


The contract hasn’t been totally immune from the cross-commodities feeding frenzy of the last few weeks but activity has been on a fast upwards curve ever since the day of launch. Much of it is tied into one form or another of financing deal.

That ratio jumped to 64 percent last year and further to 68 percent in the first quarter of this year and that in the context of sharply higher overall import volumes.

Indeed, so quickly did trading activity explode into life that the ShFE nickel contract almost immediately ran into trouble in the form of a squeeze on shorts on the July 2015 contract.

That’s still some way short of the LME’s 1.96 million tonnes but it’s noticeable that the Shanghai nickel contract hasn’t seen the wild swings in open interest that have characterized some of the most frothy commodity contracts in China in recent weeks. Nickel has long been a favored collateral commodity because of its relatively high value.

And the physical market is also shifting shape, quite literally, in favor of Russian full-plate metal.


Both the Shanghai Futures Exchange (ShFE) and the Dalian Exchange are upping margin requirements and transaction fees to try and calm overheating contracts such as steel rebar and iron ore.

The stampede appears to have been halted with both prices and trading activity losing some of their recent froth. .

LONDON Everyone’s talking about Chinese speculators.

Red-hot demand for Shanghai arbitrage and physical delivery to China has translated into Russian full-plate trading at higher premiums than other forms of nickel despite the previously imbedded discount for cutting.

This is an inversion of past physical trading patterns and it is being driven by the startlingly fast rise of Shanghai as a nickel trading center.

So the exchange allowed the delivery of three brands of Russian nickel produced by Norilsk Nickel.

The LME contract, it seems, is subtly shifting delivery shape.

(Editing by Susan Thomas)

But the current trading frenzy shouldn’t distract from the growing global influence of China’s domestic commodity exchanges.

The ShFE launched its nickel contract in March last year, since when volumes and open interest have grown dramatically.

In a market such as nickel the dramatic rise of the ShFE is exerting an increasingly powerful gravitational pull on physical units, causing ripples through the global refined metal supply chain.

The problem was that there were insufficient stocks of the six Chinese good delivery brands to satisfy short position holders looking to settle their positions with physical metal.

And it’s noticeable that the decline, which has been running since the middle of 2012, has appreciably accelerated over the last six months or so. (“Nickel – More Funds than Fundamentals”, April 26, 2016)

This is because full-plate has also historically been the cheapest form of refined nickel.

The future is less certain.

This year has seen an unprecedented surge of trading volumes and open interest in Chinese markets as institutional and retail investors pour money into commodities.


Because Russian metal has been flooding into China ever since.

But it’s a moot question as to whether a local exchange delivery option has given the financing business an extra fillip by affording lenders on the mainland an added level of security.

Norilsk is the world’s largest producer of full-plate cathode, a form of nickel that has historically accounted for almost all registered LME nickel inventory. The largest component of exchange-registered stocks is now bagged briquettes.

What is not in doubt, though, is the steady rise of contracts such as Shanghai nickel, which is not only starting to influence pricing but changing the physical shape of the market as it does so. Imports from Russia jumped from 75,000 tonnes in 2014 to 194,000 tonnes in 2015 and were running at an annualized 295,000 tonnes in the first quarter of 2016

How You Can Find Foreclosed Homes

Three of the biggest auction companies that do these bank-owned property auctions are:

The real estate website lists properties for sale and lets you filter your home search to look just for foreclosure properties.

Click HERE for a list of the 10 states with the deepest discounts on foreclosed homes.

. But quick online searches reveal lots of questionable companies posting old listings or charging big bucks for them.

Some banks list their inventory of properties on their websites. Oh, they’re out there. They will know how to target the bank-owned properties that are posted on the Multiple Listing Service.

Look in the legal notices pages of your local paper to spot legitimate auctioneers advertising courthouse steps auctions in your area.

Here are some legitimate options:

Click HERE for more advice on buying foreclosed homes.

If you’re interested in trying to save money by buying a foreclosed home, half the battle is finding the listings. (Do it this way to avoid fake auctioneers and auctions.) Then check those auctioneers’ websites for listings.

REDC (Real Estate Disposition Corporation)

Click here to return to the “Good Morning America” website. is a foreclosure education and listing service. One way to find these lists is to search the name of the bank and the term “REO,” which stands for “Real Estate Owned” and means bank-owned.

Williams and Williams

Hudson and Marshall

Hire a buyer’s agent who specializes — or at least has experience — in foreclosed homes. It’s just another way of marketing a property. The site offers a one-week free trial, then it’s by subscription.

Sometimes, after a bank has already bought properties back on the courthouse steps, it will hold another auction to try to move several properties at once. Roughly a quarter of the homes on the market right now are bank-owned

Research and Markets: Research Report – Global Online Gambling & Betting Market 2014

The global online gambling market has a current value

estimated at a medium double digit number in billions of Euros, with

growth expected between +7 and 10% annually in the next few years.

- These market reports inform top managers about recent market trends

and assist with strategic company decisions

- Bwin.Party

Global Online Gambling and Betting Market 2014 depicts the latest trends

and developments in the field. In

South Africa, online gambling awaits legalization in 2014.

The major trends in online gambling and betting globally are mobile and

social gambling. Progress in online betting regulation in Germany is

expected in 2014, as several operators have applied for the first online

sports betting licenses.

The regulatory landscape on online gambling and betting is varied. In the USA, online gambling is legal only in three states

and in many Asian countries gambling and betting is allowed only in

casino resorts.

- Betfair Group

Italy has one of the most advanced regulatory arrangements regarding

online gambling in Europe. In North America and major Asian

countries online real-money games are yet awaiting progress in

regulation. The first

regulated online gambling website in Kenya was launched in 2013.

The authors observe: while land-based lottery and casinos still dominate

the gambling scene, online real-money gambling and betting are growing


In North America, online gambling was legalized in three US states by

early 2014, with online gambling revenues surging to millions in the

first months of legal operation.

- The analyses, statistical reports and forecasts are only based on

reliable sources including national and international statistical

offices, industry and trade associations, business reports, business and

company databases, journals, company registries and news portals.

DUBLIN–(BUSINESS WIRE)–Research and Markets (

has announced the addition of the “Global

Online Gambling & Betting Market 2014″ report to their


Companies Mentioned

In the largest Latin American market, Brazil, gambling and betting is

forbidden except for horse racing. Among the findings of the reports

researchers is that the online gambling and betting segment is

increasing, enhanced by the spread of smartphones and tablet computers. For example, a quarter of poker

players chose to bet on unregulated networks.

- Paddy Power

The spread of online betting and gambling is forcing governments to act

to regulate. Mobile gambling is expected to grow at double-digit

rates and to reach over 40% of the total online gambling market by 2018,

as the number of mobile gambling users increases by a hundred million.

The leading online gambling and betting companies worldwide include

PokerStars, Bwin.Party, William Hill Online, each of which annually

generate online revenues of over EUR 0.5 billion.

- The authors provide secondary market research: By using various

sources of information they ensure maximum objectivity for all obtained

data. As a result companies get a precise and unbiased impression of the

market situation.

Regulation of online gambling and betting in Germany and Russia lag some

of their neighbours. Total online gambling revenue in Italy

recently reached a high number in hundreds of millions of Euros, with

poker constituting the largest segment.

Regional variations in legislation and acceptance of online gambling and


- The author’s international employees research and filter all sources

and translate relevant information into English. This ensures that the

content of the original studies is correctly interpreted.

- PokerStars

. For more information visit

- 888 Holdings

Trends in online gambling and betting.

Product Information:

In France, online gambling and betting has been legal since 2010, but

many gamblers turn to illegal sites. However, offshore gambling websites

are popular among Brazilian gamblers, who spend several hundreds of EUR

million annually on offshore sports betting sites.

Online gambling and betting is spreading in the Asia-Pacific region. The

majority of Western European countries have some laws in place to

channel online gambling and betting. In

Australia, which leads the world in terms of per person gambling, online

sports betting and gambling has been growing by over 30% annually, while

the growth of the total gambling market does not exceed 5%.

About Research and Markets

Research and Markets is the world’s leading source for international

market research reports and market data. We provide you with the latest

data on international and regional markets, key industries, the top

companies, new products and the latest trends.

- William Hill Online

- Ladbrokes

Europe has been a leader in adopting regulation regarding online

gambling, but as the activity spreads, new measures are being enacted.

Online gambling is only starting to emerge in Africa

“Arbitrage”, con Gere y Sarandon, abre el festival de cine de San Sebastián

Jarecki ha dirigido también el documental “The Outsider”, ha escrito la adaptación para la pantalla de la novela de Bret Easton Ellis “The Informers” y ha producido el documental de James Toback Tyson, que obtuvo un Premio Especial del Jurado en el Festival de Cannes en 2008.

San Sebastián (España) –  La película “Arbitrage”, protagonizada por Richard Gere y Susan Sarandon, inaugurará el próximo 21 de septiembre la Sección Oficial a concurso de la 60 edición del Festival Internacional de Cine de San Sebastián (norte de España).

Según ha informado hoy la organización del Zinemaldia en una nota, la proyección del filme tendrá lugar en la gala de inauguración del certamen, en lo que será la “premiere europea” de la producción estadounidense “Arbitrage”.

La gala supondrá el regreso a San Sebastián de ambos actores, muy recordados en el festival por haber sido galardonados en pasadas ediciones con sendos Premios Donostia en reconocimiento a toda su carrera: Richard Gere en la 55 edición del Festival en 2007 y Susan Sarandon en la 43 edición en 1995.

Según el comunicado de la organización, “Arbitrage” es un “tenso y seductor thriller sobre el amor y la lealtad en el mundo de las altas finanzas”, en el que Gere y Sarandon están acompañados por un reparto que incluye también a Laetitia Casta, Tim Roth, Brit Marling y Nate Parker.

La nota del Zinamaldia explica que “Arbitrage” supone el debut en el largometraje de ficción del escritor y director Nicholas Jarecki, joven talento que saltó a la fama gracias a su libro “Breaking In: How 20 Film Directors Got Their Start”, publicado en 2002.

10 Steps You Can Take To Stop Gambling Today

Inpatient Treatment is another. Gamblers Anonymous is one. Don’t know where to turn to for help? Email


When your next urge comes, what will you do? You’ll need to know the answer to this. In the beginning the constant thoughts and urges to gamble can be intense.

These 10 steps are an excellent start to stopping gambling today.

If you have any unanswered questions or need to be pointed in the right direction email


If you go to a local casino, take a caring friend and ban yourself for life.

If you play online, contact the online casino and have your account closed permanently, & demand to be banned from their site. There are 1000’s of people who once were severely addicted to gambling, haven’t gambled for months and even years. Carrying recovery reading & phone numbers help. Good help seems to come from ex-gamblers themselves because they’ve been there, & they understand. Combat this with the previous 9 steps & a one on one coach, sponsor, or therapist. (because it is the truth).

There is but one good throw upon the dice, which is, to throw them away. It may sound funny, but joining a group of fellow recovering gamblers gives you strength & power over your gambling. There are therapists, counselors, & life coaches out there trained to help you stop. He’s overcome his own addiction to gambling & has helped many others do the same. You make lifelong friends who will always understand and care.

This step can be done by attending Gamblers Anonymous, Celebrate Recovery, & finding online support and help. A gambling problem is very strong, plays many tricks on on our minds, & tries to convince us of many lies. Carry only a very small budget for food each day and thats it.( absolutely no more than $5). Put up pictures of them & when you see it, remember that’s who you’re stopping for.

Recognize that if you gamble, you’re letting them down.

Remind yourself of all the bad things that have been caused by your obsession to gamble. The only time casinos won’t let you gamble, is when you don’t have what they want……money.


What does this mean exactly? It means you must submit,commit, & trust in the program of recovery you choose. In the moment, you’ll want a plan of action to take when the urge to gamble attempts to overwhelm you.

Author’s Bio: 


Get or print off pro gambling recovery literature & carry it with you at all times.

Read it daily, especially in first months. You trust that the program will solve your gambling problem, as long as you never give up on it.

Jason is a recovered compulsive gambler of over 5 years and a certified professional life coach. This includes credit cards, debit cards, access to bank accounts, checks, loans, etc. Know what to do & who to call if a thought or urges to gamble hits you….(and unfortunately they will).

To learn the secrets to stopping gambling now, & to get 1 on 1 coaching from Jason visit or email Jason at He is an author, life coach, sponsor, & former GA chapter president, husband, & stepfather.


Stopping Gambling isn’t easy. If you gamble online, get gamblock today.


To overcome something as powerful as a gambling problem or addiction, we must get help from others.

Help is out there in many forms. Connect your gambling with the the negative consequences its brought into your life.


Only those who never give up on themselves & their program of recovery beat gambling.


Make a list of the people you love & love you back. Know that if they can do it, you can too. If you want to stop starting right now, block all access to money. Have phone numbers listed for people to call who support you in your recovery. You help yourself and others triumph over a common enemy.


If you want to stop gambling right now, the first step begins by stopping to carry money. Know that there are 1000’s of recovering gamblers. Call them ANYTIME you need to. Its best to find someone who’s been in your shoes, but hasn’t gambled in quite some time.

Make sure you like them, they have your best interest in mind, & truly do help you. If needed, list them out. (Email the author at for online communities you can join today). -Author Unknown.

When you absolutely must stop gambling right now, here are 10 steps you can take today.


Recovering in numbers is key – Bets are off inLas Vegas

One couple even got into an intra-marital bidding war. Just don’t bet on who will be president!

Some members of Congress believe all spread betting is immoral and should be banned. presidential election.

Even though the odds mean no-one will make a fortune unless they bet a great deal of money, a quick non-scientific poll on the Las Vegas told me he might be right!

LAS VEGAS, Nevada (CNN) — Think of a game. The presidential election is just the big enchilada in this respect.

But proving that Las Vegas is the last of the big talking towns — one man said if he had a hundred million dollars he would bet a million on Kerry.

But of course, Las Vegas didn’t get to be the gambling capital of the world without being canny.

By CNN’s Richard Quest

Not that will worry those overseas too much. She offered up three.. “Superbowl-type sums would be bet. Hundreds of millions of dollars” he says.

Why? No-one seems entirely certain, but it probably has something to do with it being unseemly to bet on something as important as the White House.

The Web site makes it clear that the odds are being offered for information and entertainment purposes only and that using this information is a violation of federal law.

“I think it is absolutely ludicrous. I think we should be allowed to bet on the presidency. It is against the law in Las Vegas (and thereby everywhere else) to bet on the outcome of the race for the White House.

Frankly I wasn’t sure he had the price of a cujp of coffee. Because what this means is that in places where on-line betting is allowed like the UK, or offshore betting jurisdictions like the Carribean, these odds are being used as a barometer for those who are betting on the outcome.

One woman and her husband wanted to bet $100 on Kerry (Last of the big spenders there.) Another man would bet a thousand dollars on Bush. There’s a fair chance that in Las Vegas someone will give you odds and take your money.

And they show the two are absolutely equal.

Welcome to Las Vegas. But he talked it well and probably could have talked me out of the busfare home.

And even though you can’t bet in the city, and no casino is giving you the chance, there are plenty of betting services that are offering up the odds on this years race.

So for instance, Web sites like Americasline are giving odds out on who will win on November 2.

And he is of the view a lot of money would be wagered. “You look at any place around the world, whatever country you want to go to and you can bet on almost anything. He wanted a grand on Kerry. ” He told me. Now try to put a bet on it. It would be great fun.”

Well, he knows a great deal more about the subject than me.

On everything, that is, except the U.S. Any game

Richard Gere, Nate Parker and Nicholas Jarecki Discuss Inspiration Behind ‘Arbitrage’ Video

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Toxic Relationships: Surviving a Narcissist

It does not occur to them. A narcissist doesn’t understand the concept of making amends, because they truly are never wrong. A father who is a compulsive gambler and liar – someone who takes self interest to a whole new level. I grew up surrounded by them. Those of us who know them intimately have become masters of looking the other way, of making excuses, of refusing to see ugly when ugly is standing right in front of us waving an enormous red flag..

Our official break up occurred almost a year ago. Whether Male or Female, The Narcissist is a Nightmare

They say that 75% of Narcissists are men. A mother, who I love dearly, but would best be classified as a benign narcissist. It wasn’t so much a breakup as a dismissal. Most of us have filters, and we know when we’re hurting someone and try to make amends. I got a first hand glimpse at a female narcissist and it took about a year into our two-year relationship for me to start wondering whether I was actually losing my mind. The other 25% are women, and they are just as deadly.

Who Are We? The Ones Who Get Sucked In?

How do they weave their spell? How does a strong, intelligent and grounded woman or man get sucked into the black hole of someone else’s insatiable psyche? It’s easy, if you’re used to Narcissists. While it’s slowly dawns on you that you weren’t quite paying attention, they’ve already moved on.

It’s hard for thinking, feeling human beings to understand the true nature of someone who is unable to love and unable to empathize. We try to modify our behavior so that we don’t make the same mistakes. Everything I believed about myself was called into question: How I looked, how I ate, how I functioned – normally quite well thank you – but not when I’m under siege. There is no experience quite as humbling as giving your all to a relationship and discovering that the other person was not remotely committed to you or the relationship. Then last, but by no means least, a grandmother who lived nearby who could suck the life out of a room with just one or two vicious comments. . I started to ask questions, set boundaries and I was not cooperating to her satisfaction, so I was dismissed

Nevada sports betting could be a $5 billion industry

Even without it, book director Jay Rood said, “We’re ahead of last year on handle by 5 or 6 percent, so it continues to be strong.”. CG Technology and William Hill sports books led the way with mobile phone apps that changed the game when introduced five years ago.

But there are simple theories, too.

Vaccaro has seen almost everything there is to see during four decades as a Las Vegas bookmaker. “There is more access to everything, and I think the mobile app is the catalyst.”

“In the long run, it could revolutionize sports betting in the state,” Holt said. You see them drinking Coronas all day,” Vaccaro said. It’s growing and growing and growing, and it’s going to get bigger.”

Advances in technology have helped the state catch up. 19, and it has boosted the book’s handle instead of cannibalizing counter business.

From his spot behind the counter at the South Point sports book, he watched amusement park-like lines form at each open window. “But there is no one set reason the handle is going up.”

Offshore and underground bookmakers still dominate the action, with an estimated $400 billion bet illegally on sports in the U.S. In the late 1990s, Roxborough said, casinos were plotting to downsize sports books. It topped $3 billion for the first time in 2012, escalated to $4.2 billion last year and is projected to approach $5 billion in 2016.

Make no mistake, offshore books such as Pinnacle Sports in Curacao and BetCRIS in Costa Rica are still doing business on American soil, but the passage and enforcement of federal online anti-gambling laws have made it more difficult for the Average Joe to wager with a credit card in recent years. Still, he was blown away in February, and then blown away again in March.

At the South Point, Vaccaro said, around 100 customers signed up for the mobile app during the NCAA Tournament, and the book’s tournament handle was up about $1.2 million over 2015.

Times have changed in many eye-opening ways in the past five years, and, of course, since the ’70s.

Kornegay added, “Just the popularity of sports betting, the entertainment value is second to none.”

It’s tough to find a book without a mobile app. each year. The Westgate unveiled a phone app Jan. State gaming laws are being loosened to help pump up the handle, with entity betting being one progressive example.

“You go to these places for the Super Bowl and Final Four,” Roxborough said, “and it’s a very skewed demographic for people in their 20s.”

Mobile apps, mainstream and social media interest, the expansion of in-game and proposition wagering, fantasy sports’ popularity, Las Vegas book upgrades, laws that caused a slight shift away from offshore wagering, and various economic and societal factors are creating a perfect storm surge for legal sports wagering in Nevada.

“There are more women than I’ve ever seen, and they know the money line is different from the point spread. College basketball was a spectacular draw, too, with the 67-game NCAA Tournament pulling in an estimated $200 million in March and April. “The world is so (bleeped) up, this is a great relief for three hours.”

“I’ve seen from studies around the world that the mobile app builds business, there’s no question about it,” said Michael “Roxy” Roxborough, an oddsmaker who founded and operated Las Vegas Sports Consultants from 1982 to 1999. But Nevada is gaining ground and significance, and a handle approaching $5 billion (with a win percentage in the 5.5 range) is no small thing to bookmakers and casino operators.

Las Vegas Review-Journal sports betting columnist Matt Youmans can be reached at or 702-387-2907. It adds up to free advertising.

“The mobile app is just so popular,” Westgate sports book director Jay Kornegay said “The counter handle has not suffered, either.”

“You are seeing a majority of locals betting on phone apps, and they come to your casino to watch the games. “Las Vegas betting is stronger than ever. CG Technology executives lobbied lawmakers and worked with the Gaming Control Board to get the bill passed, and the entity concept is expected to flourish for football season in the fall.

The biggest events are booming. But that trend has reversed. MGM Resorts, one of the last to make an impression on the market, is set to roll out a phone app later this month. And that was Super Bowl week.

Mobile phone apps and increased mainstream media coverage of sports betting are two major parts of the equation.

Bookmakers all over the city are getting noticeably more aggressive in beefing up betting menus — even on baseball, golf, hockey and mixed martial arts — to create a more competitive market. “On a macro level, the sports betting industry in Nevada never has been stronger. “It’s a way for people outside of the state to get involved.”

On many days, Vaccaro said, 40 percent of what is wagered with the South Point comes in on phone accounts. A record $132.5 million was wagered in the state on Super Bowl 50 — up from $98.9 million three years ago. on ESPN Radio (1100 AM). He co-hosts “The Las Vegas Sportsline” weekdays at 2 p.m. The Nevada handle of $2.4 billion in 1995 remained flat for more than a decade while offshore books owned the market.

In the late 1970s, as Jimmy Vaccaro tells the story, there were times when ticket writers in Strip sports books would fall asleep behind the counter because there was so little action. A month after the Super Bowl brought a crush of customers, the first four days of the NCAA Tournament did the same.

Last summer, Senate Bill 443 was signed into a law, authorizing business entities in Nevada to place wagers on behalf of investors from around the world. and Manny Pacquiao generated an estimated handle of $80 million in the state.

He’s not exaggerating, either. Follow on Twitter: @mattyoumans247

“People started to bet more because they could bet on their phone,” Holt said. Ten years ago, nobody cared about betting in Las Vegas.”

“The way things are trending, it’s possible,” Michael Lawton, senior research analyst for the Gaming Control Board, said of the $5 billion figure. The Westgate recently poured more than $12 million into the installation of state-of-the-art video boards and a renovated book, and Station Casinos spent millions on new video boards at Red Rock Resort.

“We have a pretty sports-passionate culture,” Lawton said.

“Every single big event has gone up, with record-breaking handles every year,” said Matthew Holt, vice president of CG Technology sports books. On any given day, Twitter is flooded with sports betting-related posts, helping to attract younger bettors. A year ago, boxing’s megafight between Floyd Mayweather Jr. “That made everyone else get an app, too, because they wanted to be competitive.”

“I’m just flabbergasted,” Vaccaro said. It’s a cheap date,” Vaccaro said. The sports betting handle in Nevada was $2.4 billion in 2006. “People can’t get enough of it. There are a lot of moving parts contributing to what we’re seeing.”

Kornegay, Rood and Vaccaro have appeared on ESPN “SportsCenter” spots in the past year, televised signs of increased mainstream media coverage in all forums