Manitoba lotteries, one of Canada’s largest lotteries, partnered with British Columbia Lotteries Corporation to launch a high stakes poker tournament. The tournament was the largest poker event held in Manitoba. The tournament took place from April 11th to the 15th and was held at the McPhillips Station Casino in Manitoba. The Manitoba poker tournament featured [...]
Last year Washington DC seemed to be on track to be the first jurisdiction in the United States to offer legal internet gambling. Its program, iGaming, would have been the first in the nation and offered Texas hold ’em poker, blackjack and bingo. Last week the DC council reversed course and because of criticism that [...]
Gambling in the United States has a long and colorful history. Humans have gambled since prehistoric times and dice have been found in several Roman ruins. Native Americans still play the ancient ‘stick game’ at Pow wows. Gambling played an important role in colonial America. The first settlement at Jamestown was partially funded by lotteries [...]
Many states, faced with mounting budget deficits, are turning to gambling to fill the void. Many states are expanding gambling options and are liberalizing gambling regulations to encourage growth in the industry. Legal gambling has created thousands of new jobs and states want a piece of the gambling action. Not everyone is happy with expanded [...]
In states that are exploring the possibility of liberalizing online gambling laws legislators are concerned that legal internet poker will siphon money away from state regulated lotteries. Many stated depend on lottery revenues to fund educational programs and other social services. As deficits increase states are looking for new revenue streams and internet gambling is [...]
The next presidential election will take place in 2012 and so far no candidates from either party have clearly spelled our specific policies regarding internet gambling. Online gambling is a co0ntroversial topic that some candidates wish to avoid. For GOP candidates social conservatives and the religious right are adamantly opposed to internet gambling and most [...]
Members of congress are desperate to balance the nation’s budget especially in advance of the 2012 elections. Members are trying to figure out ways to increase revenues and cut spending at the same time. Congressional debates have been unpleasant and there has been a lot of political posturing. One of the new revenue streams being [...]
Tough economic times have prompted congress to seek new revenue streams to offset budget cuts. Some in congress say that legalized online gambling could bring in billions of much needed revenues annually. In addition several states are planning to offer intra state gambling top residents. Many in congress would like to overturn the ill advised [...]
Gambling is big business in the United States. As everyone knows the two gambling hotspots in the United States are Las Vegas and Atlantic City. Because of the amounts of cash that are regularly exchanged at casinos the Internal Revenue Service requires casinos to keep track of winnings and make sure the appropriate taxes are [...]
For years online gaming operators targeting the UK gaming market paid no taxes in the UK. Online gambling operators in the UK pay a 15% tax on gross profits in addition to corporation taxes. The UK government faces the problem of whether to tax gaming services at the point of consumption or at the point [...]
