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I. Nelson Rose Gaming Guru - Page 22  Big Brother (The IRS) Is Watching9 January 2002
The Internal Revenue Code is unkind to winners -- and it doesn't much
like losers, either. The federal government taxes gambling winnings at
the highest rates allowed. So do the many states and even cities that
impose income taxes on their residents. If you make enough ... (read more)
Why Disney Won't Take Bets From Vermont7 January 2002
The Los Angeles Times broke the story at the end of May 2001: The Walt Disney Co. is backing a pay-to-play online gaming venture.
Disney's partner, Skillgames, was supposed to officially launch its Web site, Skillgames.com, in 2001 "amid a multimillion-dollar promotional blitz." This particular project may have evaporated into the vaporweb. ... (read more)
Don't Tug on Superman's Cape2 January 2002
It is possible to get in trouble with gray market gambling, but you
really have to work at it. One good way is to thumb your nose at the
cops.
The latest to learn this sad lesson are three Internet gambling
websites: Alohacasino.com, Royalclubcasino.com, and 7sultans.com. ... (read more)
Busted For Betting Online?23 December 2001
Is gambling on the Internet legal?
Some state and federal law enforcement officials declare flatly, "yes,
it's all illegal." Yet with hundreds of websites taking billions of
dollars in wagers each year, fewer than 25 people have ever been
prosecuted for online gambling. ... (read more)
Making a Full Casino Out of Video Games14 December 2001
Technology has made it possible to create a full casino--including table
games--using only video screens and computer chips. The games feel and
play like the real thing, even though patrons are actually gambling
against a machine.
Games like blackjack ... (read more)
Busted For Betting Online?12 November 2001
Is gambling on the Internet legal?
Some state and federal law enforcement officials declare flatly, "yes, it's all illegal." Yet with hundreds of Web sites taking billions of dollars in wagers each year, fewer than 25 people have ever been prosecuted for online gambling. Most were bookies who were also taking sports bets by telephone. ... (read more)
Nevada Legalizes Internet Gambling - Maybe16 October 2001
Many Nevada casinos have decided that Internet gaming is not just going to go away. As with Indian gaming, they have abandoned years of wishful thinking, arguing for prohibition, and have finally adopted the position that the industry should be regulated. So, in June 2001 they persuaded the Nevada Legislature and Gov. ... (read more)
In Nevada, It's Pay Your Markers or Go to Jail14 October 2001
The District Attorneys' offices in Nevada are threatening to charge
gamblers who don't pay off their markers to local casinos with felonies.
Law enforcement officials do not normally act as collection agencies.
But two recent decisions from two different courts ... (read more)
Nevada Legalizes Internet Gambling--Maybe19 August 2001
Many Nevada casinos have decided that Internet gaming is just not going
to go away. As with Indian gaming, they have abandoned years of wishful
thinking and arguing for prohibition, and have finally adopted the
position that the industry should be regulated. So, in June 2001 they
persuaded the Nevada Legislature and Gov. ... (read more)
The Legal Gray Areas of Gambling Debt Enforceability7 August 2001
A federal judge has ruled in a major decision that Internet gambling is not a crime--sometimes.
Judge Stanwood R. Duval, Jr., of the U.S. District Court in New Orleans issued
the ruling in late February, 2001. He dismissed two test cases brought against MasterCard and Visa, allowing Web betting sites to ... (read more)
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