Legislation to permit private investment firms to place large bets at sports books died after the Nevada Assembly Judiciary Committee let a deadline pass without voting. Consultant and former Gaming Control Board Chairman Mark Lipparelli said the legislation would have benefited the state. "The state should embrace this idea. It will increase transparency, bolster competition and move at least one small element of the billions of dollars of illegal wagering out of the shadows. I have high confidence Nevada regulators will create a balanced framework that would address any concerns that could emerge," Lipparelli said.
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