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Manne wrote:

Nonprofessional gamblers can deduct their wagering losses up to the amount of their wagering gains. Although it has been clear that such gamblers cannot simply net their gains and losses over the year, the exact method they should use was never specified. The IRS recently issued a legal memorandum that explains how gambling gains and losses should be calculated for tax purposes.

:dirol

I agree with the posting. Thanks for that.
Join: 2009/02/20 Messages: 21
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Manne wrote:

Many states allow bingo and poker gambling at eighteen, and then allow slots and casino gambling at twenty-one. Some states already permit casino gambling at eighteen.

With legislation pending to bring open, regulated Internet gambling to the U.S., there is a high probability Congress will set a national age limit. While many might assume that limit to be twenty-one.

:dirol

21 is a good age for gambling and drinking 😁
Join: 2006/12/20 Messages: 978
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A new online government resource released March 31 provides “practical advice and hope” for anyone suffering from financial-related depression or other emotional health issues amid the financial crisis.

The guide, “Getting Through Tough Economic Times” was released by the Substance Abuse & Mental Health Service Administration (SAMHSA) in collaboration with other government agencies and the Suicide Prevention Center.

Also given are ways to find help if needed.

(The guide is based on scientific literature and findings from the past 20 years. It warns that for many people, economic hardships can lead to conditions including depression, anxiety, excessive gambling, and substance abuse).

The guide can be found at: Substance Abuse and Mental Health Services Administration (SAMHSA) Website
Join: 2006/12/07 Messages: 29893
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The European Commission has stated that US laws on online gambling and the arrest of European gaming company directors are illegal and obstruct legitimate commercial activity.

:1orglaugh
Join: 2006/12/07 Messages: 29893
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Manne wrote:

Online gaming firm 888 saw profits for the year rise and has continued to trade well in the start of the new year, though it expects first quarter revenue to be below the previous quarter.

Profit before tax for the year rose 6% to $48.6m on total revenue that rose to $256.8m from $213.4m. Total dividend is 5.4 cents for the year, against last year’s 6.8 cents.

It said current trading to date in Q1 has been stronger than December with daily average revenue higher by more than 5%.

:thumbsup

It's just what they need
Join: 2006/12/07 Messages: 29893
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Manne wrote:

Last year, the Poles spent more on gambling than on beer, vodka and medical services. If the upward trend continues the gambling market will be worth as much as the mobile telecommunication in 2009.

(One-armed bandits are the most popular way of gambling).

Vodka is good :1orglaugh
Join: 2008/12/18 Messages: 846
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snobben wrote:

21 is a good age for gambling and drinking 😁

21 is a good age for gambling and drinking 😁

I think so to 😁
Join: 2006/12/07 Messages: 29893
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Slots and casino gaming have done so well for the state of Pennsylvania, regulators are now giving permission to place the gambling machines at one of the most historic sites in the US. The Valley Forge Convention Center will receive a state license to host slot machines, it was announced Wednesday.

The Pennsylvania Gaming Control Board released a statement saying the center would be allowed to place as many as 500 slots on its premises. Regulators say the machines should build enough business to gross $74 million annually within five years.

(Over 23,000 jobs have been created by casino operations in Pennsylvania).

:dirol
Join: 2006/12/07 Messages: 29893
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Indiana casinos rang up a total $111.4 million in March, up nearly 1 percent from a year earlier, the Indiana Gaming Commission reported Wednesday. Increased revenue at Horseshoe and Blue Chip casinos was offset by declines for Ameristar and the Majestic Star casinos............

Read more: Casino revenues up - no recession here

:dirol
Join: 2006/12/07 Messages: 29893
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Times may be tough, but the Italian betting market continues to deliver growing revenues, according to the latest numbers from the Italian regulator AAMS which announced this week that the latest quarterly statistics show that overall wagers rose 9.2 percent to Euros 13.2 billion.

:dirol
Join: 2006/12/07 Messages: 29893
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With every sign pointing to the eventual regulation of Internet gaming in the US, insiders are beginning to wonder what the new geography of the online gambling industry will be. Some observers are predicting that influential land casino operators may use their powerful political lobbies to get a competitive edge in earning licensing for online casinos.

Companies such as MGM Mirage, Harrah's Entertainment, and Las Vegas Sands may cry poverty to Congress, using their largely self-generated economic woes as reason to favor them in any licensing procedure, says gaming expert Anthony Riello. The gaming companies employ thousands of US citizens, and can plea the need to keep them viable as an excuse to provide protectionist cover for them.

:dirol
Join: 2006/12/07 Messages: 29893
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Manne wrote:

Indiana casinos rang up a total $111.4 million in March, up nearly 1 percent from a year earlier, the Indiana Gaming Commission reported Wednesday. Increased revenue at Horseshoe and Blue Chip casinos was offset by declines for Ameristar and the Majestic Star casinos............

Read more: Casino revenues up - no recession here

:dirol

Thanks for sharing this positive post.
Join: 2006/12/11 Messages: 1758
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It was not only PartyGaming that was in trouble with the US when it came to Internet gambling laws. Other companies are in similar negotiations with the US Department of Justice. Now that PartyGaming has reached a settlement, however, the precedent may be set for the others to reach deals in the near future.

888.com and Sportingbet have been in negotiations with the US Attorney's Office in New York for the past couple of years. The PartyGaming deal has set a model that can now be used in the negotiations.


(Representative Barney Frank is expected to unveil legislation in the next couple of weeks that would overturn the Unlawful Internet Gambling Enforcement Act. If that occurs, online gaming companies would likely apply to operate in the biggest online gaming market in the world).

:dirol
Join: 2006/12/07 Messages: 29893
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kennex wrote:

The European Commission has found that the U.S. ban on Internet gambling lacks legal justification and discriminates. :1orglaugh

The European Commission has found that the U.S. ban on Internet gambling lacks legal justification and discriminates. :1orglaugh


Online gambling proponents may have to wait a little longer for the passage of federal legislation that would legalize betting on the Internet. Congress is tied up with other pressing issues. (economic crisis) :dirol
Join: 2006/12/07 Messages: 29893
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Manne wrote:

It was not only PartyGaming that was in trouble with the US when it came to Internet gambling laws. Other companies are in similar negotiations with the US Department of Justice. Now that PartyGaming has reached a settlement, however, the precedent may be set for the others to reach deals in the near future.

888.com and Sportingbet have been in negotiations with the US Attorney's Office in New York for the past couple of years. The PartyGaming deal has set a model that can now be used in the negotiations.


(Representative Barney Frank is expected to unveil legislation in the next couple of weeks that would overturn the Unlawful Internet Gambling Enforcement Act. If that occurs, online gaming companies would likely apply to operate in the biggest online gaming market in the world).

:dirol

The US government need some pressure!!
Join: 2007/02/24 Messages: 1205
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The Las Vegas gaming group that owns Caesars Palace is to install Mitch Garber, a former chief executive of Party Gaming, as the head of a new company formed to house its internet operations and the popular World Series of Poker.

The move is likely to fuel speculation over the possibility of Harrah’s making acquisitions in the online-gaming sector.

Many observers think it is simply a matter of time before online gambling is legalised in America.

:dirol
Join: 2006/12/07 Messages: 29893
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Manne wrote:

The Las Vegas gaming group that owns Caesars Palace is to install Mitch Garber, a former chief executive of Party Gaming, as the head of a new company formed to house its internet operations and the popular World Series of Poker.

The move is likely to fuel speculation over the possibility of Harrah’s making acquisitions in the online-gaming sector.

Many observers think it is simply a matter of time before online gambling is legalised in America.

:dirol

Read more here: Harrah’s Entertainment Prepares for Online gambling

:dirol
Join: 2006/12/07 Messages: 29893
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David_1 wrote:

Vodka is good :1orglaugh

Vodka is good :1orglaugh


Gambling is better 😁
Join: 2006/12/07 Messages: 29893
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kennex wrote:

The US government need some pressure!!

The US government need some pressure!!

The push for legalizing and regulating the Gambling industry is now stronger than ever!! :dirol
Join: 2006/12/07 Messages: 29893
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Based in Washington State, PRWeb.com, has been ordered to stop promoting online gambling through its press release service this week.

Washington is the only state that makes online gambling a Class C felony for those who actually place bets on the Web.

PRWeb has long been one of the leading sources for online gambling press releases.

:dirol
Join: 2006/12/07 Messages: 29893
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