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Online Casino News for Sunday - February 15, 2004

More Online Casino News
• Include Nevada, D.C. to Kerry's win file
• Colleges take a gamble on gaming
• Country Club Hills, Summit ready for casino's impacts
• Vote in opposition of casino principled but costly
• Region's casinos see major crowds, not major crimes
• If casino arrives, agreement SD 206 in
• In Joliet, most well known neighbor on the block stays alone
• Strength of the people
• Acknowledgement link between Virginia tribes, Jamestown party
• Las Vegas not all glitz, a shocking suicide rate
• States look desperately at Indian casino revenue
• Authorities look for casino loophole
• Casino permit: Is it worth the gamble?
• April draws near: Prepare those tax answers
• A Tribe Divided, One Little Indian Boy Stands In The Middle
• Casino Owner Pinnacle Expects to Invest $550 Million
• SC asked to repeal Internet gaming decision
• Carnival will smother ship's no-smoking regulation
• New hype started over trail of Binion treasure
• Resorts Continues Poker Lessons At No Cost
• Rolling for the big cash, chance on TV
• Castoffs catcher could catch Castaways
• For tribes, affiliates only
• Video Lottery feeds school system
Online Casino News
Casino permit: Is it worth the gamble? - 2004-02-15
As five Chicago-area communities fight to obtain the state's 10th and last casino gaming license, throwing around proposals joining forces with some of the world's biggest gaming companies for as much as $500 million, one crucial question comes to mind: Why?

Many public officials and gaming company representatives declare that casinos leave communities awash in cash culled from taxes and tourists, in addition to employment and development plans.
Read the full story at NWITimes.com
 
April draws near: Prepare those tax answers - 2004-02-15
Nothing like a nasty, difficult test to get the old brain cells in motion, in particular about your least-favorite topic: taxes.
Question: A gambler is indebted to a casino by an amount of $3.4 million. The casino agreed to $500,000. Did the gambler have to report the difference as revenue?

Answer: No. Gambling chips are not seen as property to secure a debt and have no worth outside the casino.
Read the full story at Arizona Republic
 







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