Las Vegas casino owner gets win, no $1M payday as Michigan loses

Las Vegas casino owner gets win, no $1M payday as Michigan loses

Derek Stevens, who owns the D Las Vegas and the Golden Gate, lost his $25,000 futures bet to win $1 million on the Wolverines but he won $100,000 on a $330,000 hedge bet he placed on the Wildcats on the money line Monday afternoon.

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