excerpt:
At a time when most economic news is bleak, maybe we can take a tip from England, and the British Open bets that will be placed this week with that nation’s legal bookmakers. There, winnings are easily taxed.

Here? More and more sports wagering is conducted online, through offshore websites.

(more…)

excerpt:

Poker Players Alliance Executive Director John Pappas talks about the organization’s stance on the new legislation, which is now in its nascent state: “McDermott is on the tax writing committee in the U.S. House of Representatives and he’s been an advocate for extracting revenue from internet gambling.

(more…)

excerpt:

LAS CRUCES — The federal entity that regulates tribal gaming has issued a subpoena to the Fort Sill Apache Tribe of Oklahoma, seeking details about a poker tournament the tribe hosted last month in Akela.

The National Indian Gaming Commission, in a July 15 letter, demanded the tribe provide information, including a description of the tournament, the number and names of participants and the names of employees.

(more…)

(more…)

excerpt:

WASHINGTON, July 16 /PRNewswire-USNewswire/ — Rep. Jim McDermott (D-Wash.) introduced legislation yesterday that directs a potential $40 billion over the next 10 years to be spent on job training for those in the declining sectors of the economy and educational assistance for foster care youth. The legislation, Investing in our Human Resources Act of 2008 (H.R. 6501), would be funded through new revenue generated by regulated Internet gambling activities.

(more…)

excerpt:

NASHVILLE, Tenn. — Poker can be fun, but people playing for cash in Tennessee could be breaking the law.

On Monday night, Metro police broke up what they called a sophisticated gambling operation with a familiar Nashville businessman in the mix.

Channel 4’s Sara Dorsey was with police during the raid.

(more…)

excerpt:

The legality of real-money online poker is colored with different shades of gray in various jurisdictions. Its legality in Germany hinges in part on how much of the game is up to chance. A decision in that country could spell out an important precedent for the entire EU, according to Axel Freiherr v. dem Bussche and Tobias Schelinski.

(more…)

excerpt:

I am planning a trip to Las Vegas after November of this year for some high-stakes poker, as I do about once a month. My question is: Why would it be bad if I didn’t have to leave Colorado? If I could, I would choose stay in Colorado hotels, spend my money in Colorado restaurants and tip Colorado workers. But there are some who do not consider the creation of new jobs, offering more reasons for tourists to visit our state and keeping Colorado money at home a good thing.

(more…)

excerpt:

The bill by California Assemblyman Lloyd Levine (D-Van Nuys) which would lead to the legalization of intrastate online poker in California has cleared a significant legislative hurdle and is on its way to the Senate Appropriations Committee in August, its final stop before coming before the full State Senate for a vote. If the bill is passed, and signed by the governor, California would become the first state to legalize intrastate online poker for its residents.

(more…)

excerpt:

Deputy United States Trade Representative (USTR) Ambassador John Veroneau is expected to arrive in Antigua and Barbuda today to begin high-level talks with Minister of Finance and the Economy, Dr. Errol Cort, on the longstanding trade battle between the two countries over internet gambling.

(more…)