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John G. Brokopp Gaming Guru - Page 52  Gambling on the Internet: A Risky Proposition1 May 2001
I receive a lot of inquiries about Internet gambling. Today I am going to begin a 3-part series on what this burgeoning industry is all about in an effort to answer some of your questions. In a relatively short period of time, our access to personal computers and the Internet has revolutionized our lives. ... (read more)
How Honest Are One-Armed Bandits?24 April 2001
There is very little room for the chance of dishonesty and corruption in modern casino life. State regulatory boards and strict licensing procedures ensure the integrity of the manner in which casinos conduct business. When irregularities are detected, severe fines are imposed. The ever-present threat of loss of license also hangs over the heads of casino owners and operators. ... (read more)
Hollywood Casino Expansion Is Underway17 April 2001
The legalization of dockside gambling in Illinois in the summer of 1999 sounded the beginning of the end for "seaworthy" gambling vessels. Talk of plans to construct permanently docked "gambling barges" was rampant among all the license holders. That talk has turned into action for the Hollywood Casino ... (read more)
The IRS Takes Gambling Record Keeping Seriously10 April 2001
Last week I stressed the importance of being prepared when tax season rolls along if you have gambling winnings to report. If you have kept the proper records and you are eligible to itemize, you will be able to offset gambling winnings on your federal return if you can prove losses up to but not surpassing the amount that you must claim as winnings. ... (read more)
Gambling and Tax Liabilities3 April 2001
If you're just getting around to putting together your 2000 state and federal income tax information in preparation for filing your returns, you may have come across the receipt you received from the slot attendant for winning that $1,600 jackpot on a Double Diamond slot machine way back in January of last year. ... (read more)
Sam's Town is Las Vegas' New Best-Kept Secret13 March 2001
Sam's Town Hotel & Gambling Hall on Boulder Highway in Las Vegas made its reputation on being the establishment where "locals bring their friends". In the wake of an $86-million expansion and renovation, Sam's Town enters the new millennium with such a new look and feel that it is very likely going to become the place Las Vegas visitors will go back home to tell their friends about. ... (read more)
No Way to Treat a Gaming Legend6 March 2001
I was happy to see Jack Binion come to Illinois. I was sad to see him go. He doesn't know me from Adam. All I know about him is what I've read in the papers. But not long ago I did have a chance encounter with the man, and it told me a lot about what kind of gambling entrepreneur he is, why he has been so successful, and why it's the gambling world's loss that he was forced out of Illinois. ... (read more)
More Video Poker Strategy20 February 2001
Video poker continues to grow in popularity by leaps and bounds among recreational casino gamblers who prefer tackling the so-called "electronic gaming devices" to table games. The reason, as I have emphasized in past columns, is simple: The chances of winning at traditional reel slots are based on a ... (read more)
Casinos Play a Game of Give and Take13 February 2001
When it comes to choosing playing slots or video poker, it really is no contest. Video poker wins hands down. Why? The chances of winning at slots are dependent on a computer program determined by the manufacturer. The chances of winning at video poker are based on the constant of mathematical probability. ... (read more)
The Casino Answer Man7 February 2001
To some, thrifty gambling might mean cutting the house edge to the bone, learning every nuance of blackjack, craps or a particular video poker game. To others, it might mean getting the most out of slot clubs and comps, taking advantage of triple points days and direct mail offers to get the most benefit out of the least play. ... (read more)
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