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Blog posts June 2014

House of Cards Gaming Report for the Week of June 30, 2014

House of Cards Gaming Report for the week of June 30, 2014 - HOCGamingReport 

This week's stories: US Supreme Court declining to hear NJ Sportsbetting case; Massachusetts Supreme Judicial Court rules that casino bill repeal question can appear on ballot; and LeBron James opting out affects sportsbo…

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Slip Opinion from MA Supreme Judicial Court on Casino Repeal Question

GANTS, J.

The issue presented on appeal is whether an initiative petition meant to prohibit casino and slots gambling and abolish parimutuel wagering on simulcast greyhound races meets the requirements set forth in art. 48 of the Amendments to the Massachusetts Constitution and, therefore, may be con…

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A review of New Jersey's Golden Nugget online casino by Jeremy Enke

Since November of 2013, online gambling has been legal and regulated in the state of New Jersey. Gambling enthusiasts can now safely play their favorite casino games online from the comfort of their own home.

Each of New Jersey’s online casinos is licensed and regulated by the DGE (Division of Gam…

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House of Cards Gaming Report - Week of June 23, 2014

House of Cards Gaming Report for the week of June 23, 2014 - HOCGamingReport 

This week's stories:  Amaya Gaming buys Pokerstars/FullTiltPoker; Golden Nugget does not have to pay winners in unshuffled card case; and Ben Affleck banned from another casino 

Have any news or tips regarding casinos,…

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The Mathematics of Non-Negotiable Chip Programs by Eliot Jacobson Ph.D.

While much of the U.S. market shuns baccarat, it is the number one game internationally. The size of the wagers players make is stunning to watch. In Macau, for example, it is difficult to find a table with a minimum wager less than $100. The casinos are packed full of what we in America would consi…

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Gambling and the Law®: Using Archaic Laws to Fight Modern Gambling by Professor I. Nelson Rose

© Copyright 2014, all rights reserved worldwide.  Gambling and the Law® is a registered trademark of Professor I Nelson Rose, www.GamblingAndTheLaw.com.  Published in Gaming Law Review and Economics, Vol. 18, No. 4 at p.  (May 2014).

 

Gambling and the Law®:

Using Archaic Laws to Fight Modern Ga…

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New Training: Casino Mathematics for Table Games and Surveillance by Eliot Jacobson

I wouldn’t believe that it’s possible except that I’ve done it. I created and delivered a training on casino mathematics to table games and surveillance staff and management. The amazing part of this is that it actually worked. They came, they learned, and they left feeling like they could immediate…

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May Table Games Revenue Up Over Previous Year from PA Gaming Control Board

HARRISBURG, PA: The Pennsylvania Gaming Control Board announced today that revenue from the play of table games at Pennsylvania casinos during May of 2014 was up 2.3% over revenue generated last year.

According to a report posted today on the Board's web site, www.gamingcontrolboard.pa.gov, May’s g…

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House of Cards Gaming Report for the Week of June 16, 2014

This week's stories:

- Borgata Tax Settlement with Atlantic City

- PA Gaming Board Fines Sands Bethlehem and Valley Forge

- James Woods leaves a WSOP event on a stretcher

To listen to this week's report, click HERE

Have any news or tips regarding casinos, gaming or legislation? Send us an email at newsro…

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Federal Judge: Offshore Online Gambling Accounts Are Reportable Foreign Financial Accounts by Brad Polizzano

A federal district court judge in California has ruled that FirePay, PartyPoker, and PokerStars online gambling accounts are subject to the foreign financial account reporting rules.

Ok, so who cares?

Any U.S. taxpayer who has or had offshore online gambling accounts. If a U.S. taxpayer’s total maximu…

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Building a bankroll online at the micro stakes tables by Jeremy Enke, NJ.com

The easiest way to begin building an online poker bankroll at the micro stakes tables in New Jersey’s online poker rooms is by searching the various sites for the best deposit bonuses. As the name implies, these bonuses are offered to players who make a deposit to play at the real money cash games o…

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Underage Gaming Violations Lead To $120,000 In Fines For Two PA Casinos

HARRISBURG: The Pennsylvania Gaming Control Board on Wednesday levied fines totaling $120,000 for incidents at two casinos that permitted individuals under the age of 21 to access casino floors and, in most instances, to gamble.

All of the fines were the result of Board-approved consent agreements be…

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Atlantic City to pay $88 million more to Borgata as part of tax settlement By LYNDA COHEN

Atlantic City has agreed to pay $88 million more to the Borgata as part of a tax settlement that would end any appeals through 2015.To read more of the Press of Atlantic City article, click HERE

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Ultimate Gaming names Todd Kobrin Chief Marketing Officer

Las Vegas (June 9, 2014) – Ultimate Gaming, operator of Ultimate Poker (www.UltimatePoker.com) and Ultimate Casino (www.UCasino.com), welcomes Todd Kobrin as Chief Marketing Officer.

Kobrin brings more than 18 years of online gaming and sports marketing experience to Ultimate Gaming.  He most rece…

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PA Gaming Control Board to Hold Public Hearing on July 17th for Parx Casino License Renewal

HARRISBURG:

The Pennsylvania Gaming Control Board today announced that it would hold a public hearing on Thursday, July 17, 2014 to gather evidence, including public comment, on the renewal of the casino license of Greenwood Gaming and Entertainment, LLC., operator of Parx Casino in Bucks  County.…

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DAN HEIMILLER WINS THE 2014 WSOP SENIORS CHAMPIONSHIP from WSOP.com

Dan Heimiller was among the bigger stacks out of the 32 players returning to the tables for Day 3 of the record-breaking Event #17: $1,000 Seniors No-Limit Hold'em Championship at the 2014 World Series Of Poker. With an original field size of 4,425, this event was no short feat of accomplishment for…

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THE 6-MONTH CHECK-UP: WHAT NJ PLAYERS ARE SAYING by Jeremy Enke

Online poker has officially been regulated and legal in New Jersey now for 6 full months. And while the reporters and industry analysts have plenty to say each week about the good, bad, and ugly of the industry; there is no better judge than the players themselves.

This week we perused the various in…

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IRS: Mined Bitcoins are Taxable by Brad Polizzano

Let’s applaud the Internal Revenue Service for issuing fresh guidance on the agency’s application of the tax law to virtual currencies.

I was nodding along until reaching the discussion of “mining” virtual currency:

When a taxpayer successfully “mines” virtual currency, the fair market value…

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May Slots Revenue Report Released By PA Gaming Control Board

HARRISBURG, PA:  The Pennsylvania Gaming Control Board reported today that the difference in slot machine revenue generated at casinos during May of this year was less than 1% compared to May of 2013.

The complete casino by casino revenue report, which can be found on the Board’s web site www.gam…

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HOUSE OF CARDS GAMING REPORT - WEEK OF JUNE 9, 2014

This week's stories include:  Las Vegas Casino Strike Averted; US Gaming Revenues Hit Record Levels in 2013; and UFC President Dana White "banned" from gambling at the PalmsTo Listen to this week's Gaming Report, click  HEREHave any news or tips regarding casinos, gaming or legisla…

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