The United Kingdom (UK) consists of England, Scotland, Wales, and Northern Ireland. Today gambling is a multi-billion dollar business there, and all major forms of gambling, online and offline, are both legal and extremely popular. The widespread appeal of gambling throughout the UK is no surprise, given the fact that in England, at least, gambling … [Read more…]
Back in 1895, when automobile mechanic Charles Fey introduced America to the first mechanical slot machine that was even remotely like slot machines today, slot machines were not only unknown in Canada, but would have been completely banned if available. Slot machines, like most other forms of gambling, except for horseracing, were very slow to … [Read more…]
History and Background Aussies love to gamble and will gladly gamble on almost everything. However, slot machines better known in Australia as pokies, may well be most Aussies’ favourite game. The fact that pokies are immensely popular in Australia is no surprise given that it is just another variation of an activity that has been … [Read more…]
For nearly four decades, fans of the slot machines have been paying taxes only on winnings that equate to $1,200 or more. But now, thanks to a new proposal by the Internal Revenue Service (IRS), the threshold for taxable casino winnings could be cut in half. The IRS is proposing that casino winnings should be … [Read more…]
Maine is home to just two licensed casinos, Hollywood Casino Bangor and Oxford Casino. Every month, the Gambling Control Board releases revenue reports detailing the financial status and tax contributions from each casino’s range of gambling amusements. In the board’s annual report for the year ending 2014, it was revealed that slot machine wagers have … [Read more…]
The idea of winning a multi-million dollar progressive jackpot on a slot machine instantly conjures images of the brilliant lights of Sin City. It’s a fantastic dream the majority of us will never realize, but for those who do, it becomes a life changing experience never to be forgotten. Such was the experience of one … [Read more…]
Today our attention turns to large, coastal town of Ayr in southeastern Scotland, where one most fortunate granny is counting her lucky stars – and over 220,000 pounds – after becoming a bingo and slots winner all in the same night. The first win came on a bingo game at the Mecca Bingo Club in … [Read more…]
The transition from live to online gambling first began just over two decades ago in 1994, when the World Wide Web was still in its nascent stages. Mobile gambling followed about 10 years later, but the infantile status of mobile technology at the time prevented the industry’s growth from taking off for years to come. … [Read more…]
For most residents of San Jose, California, the evening of Tuesday, March 10, 2015, was a typical evening, trimmed with pleasant weather and family dinners. But for federal, state and local law enforcement agents, as well as the owners and employees of 11 Vietnamese cafés and bars across the city, a tale of proscribed gambling … [Read more…]
Taxes are hard enough to calculate for the average American, and now the Internal Revenue Service (IRS) has introduced a new proposal to redefine the gambling tax rules for play on slot machines. The proposal would alter the way a single session of gaming is defined, and how gains and losses should be adjusted. The … [Read more…]