Headlines: Poker, Law, and Politics (09/19/07)

tombstone_091907.jpg

articles:
‘Surprise’ over gambling figures (BBC, 09/19/07)

Jeff Haney explains how restrictions on Internet gambling have hurt typical poker players a lot more than the pros (Las Vegas Sun, 09/19/07)

Poker poised to make a comeback in Tombstone (KVOA, 09/19/07)

Nitro creates account for table games funds (Daily Mail, 09/19/07)

Panhandle tracks reeling in losses (Weirton Daily Times, 09/19/07)

Local Men Arrested in Gambling Raid (The Pilot, 09/18/07)

IRS to Collect More Tournament Poker Winnings (CardPlayer, 09/18/07)

media:
Experts explain the fall in gambling (BBC, 09/19/07)

Poker poised to make a comeback in Tombstone (KVOA, 09/19/07)

Patrick on mission to sell casino proposal (NECH, 09/19/07)

press release:
Charges laid in illegal gambling investigation (Ontario Provincial Police, 09/19/07)

excerpts:
‘Surprise’ over gambling figures (BBC, 09/19/07)
“The internet and other new forms of gambling have not led to an increase in people having a flutter since 1999, a Gambling Commission study has found. In fact, due to a drop in the National Lottery sales, the numbers of people gambling fell from 72% in 1999 to 68%. Commission chairman Peter Dean said more than 99% of adults who gambled did so harmlessly but there were still 250,000 “problem gamblers” in Britain.”

Jeff Haney explains how restrictions on Internet gambling have hurt typical poker players a lot more than the pros (Las Vegas Sun, 09/19/07)
Don’t cry for the brand-name poker pros, or for the online hotshots who make a good part of their living hustling poker on the Internet. They weren’t hurt much when President Bush signed the Unlawful Internet Gambling Enforcement Act last year. They got off unscathed compared with thousands of “regular” poker enthusiasts in the U.S. who were essentially locked out of the poker scene when the law passed, according to Jay Lakin of Poker Source Online, one of the world’s largest Internet poker affiliate sites. ”

Poker poised to make a comeback in Tombstone (KVOA, 09/19/07)
“Visitors from all around come to Southern Arizona to visit Tombstone: “The Town Too Tough to Die.” And pretty soon some of those visitors could include poker players.  Poker could be making a comeback. “Tombstone was a Las Vegas before there was a Las Vegas,” says Harold Lee with the Arizona Card League. “Tombstone, as far as I can tell, is the home of poker in this country in a way.”

Nitro creates account for table games funds (Daily Mail, 09/19/07)
“The prospect of big revenue from table games has Nitro City Council members planning for a rainy day. Council voted unanimously Tuesday to create a special account specifically for the city’s share of revenue from the addition of blackjack, poker and roulette at Tri-State Racetrack & Gaming Center. City officials say they expect to receive millions each year in business and occupation taxes.”

Panhandle tracks reeling in losses (Weirton Daily Times, 09/19/07)
“Table gambling is the answer local track officials give when asked what will offset Pennsylvania’s operations. Marshall still believes games such as blackjack, poker and craps will be the key to not only stabilizing the current customer base but also attracting new gamblers. “Table gamers now go to Seneca Niagara (in New York), Detroit, Atlantic City or Las Vegas,” Marshall said. Table gambling locally “will allow us to seek a whole new customer than we currently attract.”

Local Men Arrested in Gambling Raid (The Pilot, 09/18/07)
“The crowd consisted of doctors, lawyers, businessmen and even one law-enforcement officer, Maj. Edward Melvin Lefler of the N.C. State Fairgrounds police. Madrid estimated that the average age of those in attendance was 40. After the initial entrance, Madrid said that the officers were polite, especially those from the Johnston County Sheriff’s Office. They sat at the tables with the players and joked.”

IRS to Collect More Tournament Poker Winnings (CardPlayer, 09/18/07)
The IRS has advised sponsors of poker tournaments that they have an obligation to issue W-2G forms and to withhold tax from payments that exceed $5,000. This has been done by issuing what is known as a revenue procedure, Rev Proc 2007-57. A revenue procedure is the IRS announcing what it believes are the duties of taxpayers and how they are meant to comply with the IRS interpretation of law.

media:
Experts explain the fall in gambling (BBC, 09/19/07)

Poker poised to make a comeback in Tombstone (KVOA, 09/19/07)

Patrick on mission to sell casino proposal (NECH, 09/19/07)

press release:
Charges laid in illegal gambling investigation (Ontario Provincial Police, 09/19/07)
“The warrant was executed at the completion of the three week long investigation. As a result, four individuals have been charged with illegal gambling offences contrary to the Criminal Code. An investigation was commenced by Organized Crime Section – Illegal Gambling Unit. The investigation confirmed the existence of a gaming house where members of the public would attend to play Texas Hold’em and other games of poker. Persons were seeking to gain monetarily from the gambling activity.”

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One response to “Headlines: Poker, Law, and Politics (09/19/07)

  1. I came accross this website today searching for any informations. I did not find them, but your site was very interesting.

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