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Keyword: gambling

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  • Miccosukee tribe may be on hook for over $1 billion in gambling taxes

    06/06/2018 8:54:58 PM PDT · by ConservativeStatement · 42 replies
    Miami Herald ^ | June 4-5, 2018 | DAVID OVALLE
    A Miccosukee tribal member owes back taxes on gambling revenue, a federal appeals ruled Monday in a decision that experts believe could pave the way for the federal government to collect more than $1 billion in overdue personal income taxes. The U.S. 11th Circuit Court of Appeals upheld a Miami federal judge who ruled that tribal member Sally Jim must pay the Internal Revenue Service $278,758 in taxes, interest and penalties for failing to file a tax return in 2001. The ruling came two years after U.S. District Judge Cecilia Altonaga decided her family's gaming income — a distribution of...
  • Delaware Will Be First New State to Offer Sports Betting

    06/01/2018 6:03:26 AM PDT · by C19fan · 9 replies
    SI ^ | May 31, 2018 | Charlotte Carroll
    Delaware will become the first new state to offer sports betting following the Supreme Court's decision to overturn the federal ban on sports gambling, Governor John Carney announced. The betting will begin Tuesday at 1:30 p.m. at all three casinos in the state. Betting will include single game and championship wagering on professional baseball, football, hockey, basketball, soccer, golf and auto-racing. The Supreme Court made the decision May 14.
  • Long opposed to casinos, Virginia may be ready to gamble

    05/17/2018 1:43:38 PM PDT · by C19fan · 5 replies
    Washington Post ^ | May 5, 2018 | Gregory S. Schneider
    A hub for gambling is taking shape in a historic area of Virginia between Richmond and Williamsburg, signaling sharp change in a state that long resisted the lure of gaming revenue. Two weeks ago, a Chicago company announced plans to buy and reopen the dormant Colonial Downs horse-racing track, Virginia’s only facility for major thoroughbred events. The deal — worth some $20 million — was made possible when the General Assembly this year legalized a type of video horse-racing game that some have likened to slot machines.
  • Don’t Bet On It: Legalized gambling won’t fix state budget

    05/16/2018 6:51:31 AM PDT · by SeekAndFind · 13 replies
    City Journal ^ | 05/16/2018 | Steve Malanga
    The Supreme Court has opened the floodgates to sports betting by overturning a federal law restricting legal betting on games. More than a dozen states are likely to join New Jersey, which brought the suit challenging the1992 federal law, in instituting legalized betting on the NFL, NBA, and other leagues. Other states, under pressure to balance their budgets without raising taxes, will surely follow. Don’t bet, however, that this is good news for taxpayers. Since states began instituting lotteries six decades ago, legalized gambling has spread throughout the United States. Advocates have often touted gambling as a magic bullet to...
  • Supreme Court Strikes Down Federal Law That Banned Sports Gambling

    05/14/2018 12:26:01 PM PDT · by servo1969 · 13 replies ^ | 5-14-2018 | Mary Chastain
    The Supreme Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act (PAPSA) that outlawed sports gambling in most states.From Fox News: The 1992 law had barred gambling on football, basketball, baseball and other sports with some exceptions, like allowing people to wager on a single game only in Nevada. The Supreme Court ruling now gives states the go-ahead to legalize sports betting if they want."The legalization of sports gambling requires an important policy choice, but the choice is not ours to make," the opinion by Justice Samuel Alito said."Congress can regulate sports gambling directly, but if...
  • Where sports gambling is legal, state-by-state

    05/14/2018 11:59:09 AM PDT · by C19fan · 8 replies
    Yahoo ^ | May 14, 2018 | Jay Busbee
    By a 6-3 margin, the U.S. Supreme Court has struck down the Professional and Amateur Sports Protection Act, which paves the way for legalized nationwide sports gambling. States can now decide on their own if they want to offer gambling within their borders. But which states will offer gambling, and when? That’s a trickier question. Even in the best-case scenario, it’ll still be several weeks before you can make legal bets – and that’s in states where gambling bills have already passed through the appropriate state legislatures. If your state hasn’t even started considering the possibility of legalized gambling, it...
  • Opinion analysis: Justices strike down federal sports gambling law

    05/14/2018 10:55:37 AM PDT · by Repeal 16-17 · 20 replies
    SCOTUSblog ^ | May 14, 2018 | Amy Howe
    The 10th Amendment provides that, if the Constitution does not either give a power to the federal government or take that power away from the states, that power is reserved for the states or the people themselves. The Supreme Court has long interpreted this provision to bar the federal government from “commandeering” the states to enforce federal laws or policies. Today the justices ruled that a federal law that bars states from legalizing sports betting violates the anti-commandeering doctrine. Their decision not only opens the door for states around the country to allow sports betting, but it also could give...
  • Supreme Court makes sports betting a possibility nationwide

    05/14/2018 7:47:50 AM PDT · by Leaning Right · 48 replies
    AP via Yahoo ^ | May 14, 2018 | JESSICA GRESKO
    The Supreme Court on Monday struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports. The Supreme Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game.
  • Supreme Court strikes down law banning sports betting

    05/14/2018 7:24:41 AM PDT · by GIdget2004 · 11 replies
    The Hill ^ | 05/14/2018 | Lydia Wheeler
    The Supreme Court has struck down a federal law that banned sports betting in almost every state across the country, handing former New Jersey Gov. Chris Christie (R) a major win to bolster his legacy. New Jersey has been fighting since 2010 to make sports wagering legal at racetracks and casinos in the state, but had repeatedly been blocked by the Professional and Amateur Sports Protection Act of 1992. The Court ruled 7-2 that PASPA’s provisions prohibiting states from authorizing and licensing a sports gabling scheme violates the anti-commandeering rule. In delivering the opinion of the court, Justice Samuel Alito...
  • Fewer people are visiting Las Vegas. One insider thinks hotel resort and parking fees are to blame

    05/03/2018 8:43:55 AM PDT · by rktman · 169 replies ^ | 5/2/2018 | Jay Jones
    Daily resort fees and parking charges are rising and spreading in Las Vegas, adding as much as $45 a day to visitors' hotel bills. The publisher of Las Vegas Advisor blames the extra charges for a recent decline in the number of visitors. "Everyone hates resort fees, but the parking [fee] is even worse," said Anthony Curtis of Las Vegas Advisor. "Everyone wants some kind of comp, [and] the most basic comp is free parking. That was the one comp that everyone got." The Advisor, a decades-old, monthly newsletter highlighting what's new in Vegas and featuring deals for visitors, provides...
  • Caught in the Searchlight: Hsu, Reid, and the Searchlight Leadership Fund

    09/13/2007 12:59:08 PM PDT · by Fedora · 77 replies · 6,422+ views
    Original FReeper research | 9/13/2007 | Fedora
    Caught in the Searchlight: Hsu, Reid, and the Searchlight Leadership Fund Harry Reid’s Mob Money, Part 5By Fedora Fugitive fundraiser Norman Hsu’s donations to Hillary Clinton have understandably grabbed the limelight, but there is another story lurking in the shadows of the affair. Federal Election Commission documents record that on May 17, 2007, Hsu donated $1,000 to the Searchlight Leadership Fund, a political action committee associated with Senate Majority Leader Harry Reid. On the same day, Searchlight received a $1,000 contribution from Winkle Paw, described by Hsu’s lawyer as a business associate of Hsu. Also donating $1,000 to Searchlight that...
  • A $2M check, Harry Reid and one frustrated prosecutor

    12/11/2016 1:33:09 PM PST · by LiberalismDestroys · 25 replies
    The Salt Lake Tribune ^ | 12/11/2016 | TOM HARVEY AND JENNIFER DOBNER
    The $2 million cashier's check was drawn at a St. George bank Nov. 5, 2010. From there, it was sent by FedEx to a Los Angeles attorney who represented Ireland-based Full Tilt Poker. Made out to "Mail Media LTD" — a Full Tilt-owned entity used to launder online-gambling funds — the millions then were deposited at Basler Kantonalbank in Switzerland, where Mail Media had an account. And from there, Davis County Attorney Troy Rawlings is investigating whether it went into a Marshall Islands account in the name of Searchlight Holding Inc. to benefit, or even bribe, Harry Reid, the once-powerful...
  • Tiger Woods is now the favorite to win the 2018 Masters

    03/15/2018 12:06:20 PM PDT · by C19fan · 66 replies
    SB Nation ^ | February 15, 2018 | Brendan Porath
    With the Masters starting in just three weeks, the oddsmakers favorite to win the green jacket is now Tiger Woods. These odds are for the 2018 Masters, to be clear. The move into solo position with the lowest odds for Augusta came on Thursday morning. Woods had an 8:23 a.m. ET tee time at the Arnold Palmer Invitational, and he’s spent much of the morning sharing the lead at Bay Hill. Woods went out with a 3-under 33 on the course’s back nine, his best opening nine score at this event since 2007.
  • Sportsbooks get crushed on Super Bowl betting thanks to Eagles upset

    02/05/2018 3:38:02 AM PST · by C19fan · 23 replies
    Larry Brown Sports ^ | February 4, 2018 | Larry Brown
    The outcome of the Super Bowl was a nightmare not just for the New England Patriots and their fans, but also for most sportsbooks. There was so much money bet on the Philadelphia Eagles either via the point spread or the moneyline that most books were hoping for a Patriots win. Of note, there were several huge seven-figure bets placed on the Eagles that gamblers were able to cash on. William Hill sportsbook took a lost of over $4.6 million on three massive bets on the Eagles alone. 54 percent of their bettors were on the Eagles side of the...
  • Belief in the underdog: Four million-dollar bets placed on Eagles in Super Bowl LII

    02/04/2018 5:58:35 AM PST · by C19fan · 23 replies
    ESPN ^ | February 3, 2018 | David Purdum
    With a day to go before kickoff, four reported million-dollar bets have already been placed on Super Bowl LII -- all on the underdog Philadelphia Eagles. A bettor on Friday at William Hill placed a $1 million money-line bet on the Eagles at +155 odds. If Philadelphia pulls the upset over the New England Patriots, the unnamed bettor would net a $1,550,000 profit.
  • Nevada Regulator Investigates Wynn, Raising Chance of Ouster [Bloomberg Link Only]

    01/31/2018 7:35:37 AM PST · by C19fan · 2 replies
    Bloomberg [Link in Thread Body] ^ | January 31, 2018 | Christopher Palmeri
    Click here to go to Bloomberg.
  • NBA Seeking 1 Percent of Every Bet Made on Games If Gambling Legalized

    01/25/2018 10:53:00 AM PST · by SoFloFreeper · 27 replies
    Bleacher Report ^ | 1/24/18 | Joseph Zucker
    ....NBA commissioner Adam Silver has been open about his willingness to embrace the practice. He wrote an op-ed for the New York Times in 2014 in which he advocated for the legalization of sports betting. "In light of these domestic and global trends, the laws on sports betting should be changed," Silver said, citing sports betting’s popularity both among fans in the United States and throughout the world. "Congress should adopt a federal framework that allows states to authorize betting on professional sports....
  • Famous World Series Bettor Looking To Put At Least $10 Million On Eagles

    01/24/2018 3:31:21 PM PST · by C19fan · 40 replies
    CBS Philly ^ | January 24, 2018 | Andrew Porter
    Do you remember the let-it-ride World Series bettor who won $14 million? Well, the anonymous gambler is planning on putting at least $10 million on the Eagles to beat the Patriots in Super Bowl 52, according to RJ Bell. It would be the biggest sports bet in Las Vegas history.
  • Out-of-pocket gamblers' fury at victorious Vikings: Last-gasp heroes Minnesota take the knee [tr]

    01/15/2018 6:06:06 AM PST · by C19fan · 59 replies
    UK Daily Mail ^ | January 15, 2018 | Ariel Zilber
    The Minnesota Vikings’ final act of sportsmanship in their shock victory over the New Orleans Saints on Sunday cost bettors a lot of money. The Vikings won the NFC Divisional Round game over the Saints on a last-second 61-yard touchdown pass to wide receiver Stefon Diggs at US Bank Stadium in Minneapolis. When Diggs ran into the end zone, the clock read 0:00, meaning the game was over. But the rules of football stipulate that even if a team scores a touchdown with no time left on the clock, it still needs to kick an extra point. Diggs’ touchdown gave...
  • Legalize Sports Betting

    12/31/2017 6:33:56 AM PST · by Kaslin · 35 replies ^ | December 31, 2017 | Steve Chapman
    Americans have long since broken free of their Puritan past, but the Puritan impulse is not quite dead. Among the places it shows signs of life is the 1992 federal law that prohibits states from -- you are not going to believe this -- allowing betting on sports. If a Martian arrived today, of course, she would deduce that in this country, betting on sports is not forbidden but mandatory. In practice, it's as American as Dunkin' Donuts. March Madness costs businesses an estimated $4 billion a year in lost productivity, and it's not because employees waste time singing their...