The twoplustwo message board has been on fire this week after disclosures were made that a Dutch player was having tax problems. The tax authorities are claiming a 29% cut of poker earnings in terms of the amended Betting and Gaming Tax Act, which claims the right to tax online winnings from foreign, but not domestic online gambling sites.
For some time the Dutch taxman has been badgering poker players on a selective basis at one time sending tax law advisories to some players and requesting they complete tax returns on any undeclared online winnings.
In the latest tax ‘intervention’ the authorities are on live and Internet poker player Steven Van Zadelhoff’s case, raiding his home, taking documentation and insisting he pays them hundreds of thousands of Euros in unpaid taxes.
(Read the full post about ‘Nasty shock for Dutch poker player as tax man claims a 29% cut of earnings’…)
Aztec Riches Casino The Microgaming network of online casinos has been one of the hottest of late when it comes to slot jackpots. The hits have kept on coming this week with th biggest jackpots coming on the CashSplash game.
The first of the CashSplash hits came on Monday when a lucky player won $44,910. The winning trend continued on Tuesday when another player took home the grand prize on the game, which was worth $50,223.
The reason for the frequent hits on this particular game that was developed by Microgaming can be traced to the amount of players who are involved in the game. (Read the full post about ‘Microgaming Powered Online Casinos Hot With Slot Jackpots’…)
Poker icon Doyle Brunson would know who Benedict Arnold is. After all, they graduated High School together.
Okay, that was an attempt at a very bad joke….a very very very bad joke.
And we at Gambling911.com don’t really believe that Doyle Brunson is a Benedict Arnold.
Benedict Arnold was a general during the American Revolutionary War who originally fought for the American Continental Army but switched sides to the British Empire. While he was still a general on the American side, he obtained command of the fort at West Point, New York, and plotted unsuccessfully to surrender it to the British.
(Read the full post about ‘Poker Legend Doyle Brunson Benedict Arnold?’…)
DoylesRoom.com’s Hoyt Corkins now ranks among the most successful WPT poker champions. Late Wednesday evening, Corkins captured the WPT Southern Poker Championship title, the second WPT title of his career. With 14 cashes, 6 final tables and 2 championship titles to his name, the DoylesRoom.com player has won well over $3 million in WPT events. His total lifetime winnings exceed $5 million. Corkins began final table play on Wednesday afternoon with the chip lead and while he bounced around throughout the course of the afternoon, he ended the tournament right where he started, ahead of everyone else.
(Read the full post about ‘Hoyt Corkins Captures WPT Southern Poker Championship’…)
MGM Mirage MGM Mirage stock rebounded in the afternoon on Friday after having a tough morning. The stock, unlike most other US based gaming stocks, had an increases in price for the day.
While other gaming stocks were falling on Friday, MGM closed the day at $11.62 a share. It was an increase of 2.65%, or $.30. The increase, however, may be short-lived with analysts believing that the stock could fall in the coming weeks.
Of all the US-based gaming stocks, Las Vegas Sands had the worst day to close out the week. (Read the full post about ‘MGM Mirage Stock Rises While Other Gaming Stocks Fall’…)
The Club World online casino group has revealed that it is geared up to launch a new online casino third week January at the ICEi expo in London. Branded Manhattan Slots and powered by RealTime Gaming, the new venue will be mainly focused on Internet slot action with over 120 games in its inventory. The site will be accepting US action.
The Club World online casino group has been operating from the United Kingdom since 2004. The casinos operate through World Online Gaming N.V., which is incorporated under the laws of Curacao. World Online Gaming has been issued the license for online gaming and is regulated by the Curacao gambling jurisdiction.
(Read the full post about ‘Manhattan Slots the latest online casino to launch under Club World stable’…)
(Bloomberg) — Melco Crown Entertainment Ltd. is seeking to regain market share as gambling in Macau returns to "double digit" growth for the first time since the global recession started, the Sydney Morning Herald reported.
Melco Crown, in fourth place with 12.5 percent of the market, may offer discounts and commissions to return its market share to the 2008 peak of 19 percent, the Herald said, citing analysts and Macau gambling data. Stanley Ho’s SJM Holdings Ltd. has the largest market share, at 30 percent, followed by Sands China Ltd.
(Read the full post about ‘Macau Sees Double Digit Growth’…)
It appears that the disappointing performance of the Gibraltar-based online casino group 32Red in the first half of 2009 is a thing of the past, with the company reporting a better second half to post a 2009 FY gross win of £12.8 million – still down 1.6% on the 2008 numbers, but a creditable turnaround on the year, given the dismal global economy.
Looked at against the backdrop of the first half of 2009, the turnaround is impressive, with gross win up 18% in the second half.
CEO Ed Ware recalls that during the year his company was obliged to start copyright litigaton against William Hill PLC in regard to its launch of an online casino branded 32Vegas.
(Read the full post about ‘Good turnaround at 32Red with gross win of £12.8M’…)
Melco Crown Entertainment It was another rough day on the stock market for a company who has had too many of these days in the past several months. Melco Crown Entertainment stock fell almost ten percent on Wednesday.
Melco Crown is one of the gaming companies that has been hit hard by the economic troubles throughout the world. On Thursday, the company’s stock fell to $3.68 a share. That represents a decline of 8.23% for the day.
Back in September, Melco stock had risen up to $7.90, but since then it has been in a steady decline. (Read the full post about ‘Melco Crown Entertainment Stock Drops Almost Ten Percent’…)
Wayne Allyn Root is a frequent contributor to the Gambling911.com website and the 2008 Libertarian Vice Presidential candidate. Today he goes off on President Obama, claiming among other things that "Obama is the first president owned by the unions" and that he is "Modeling the USA after Michigan and California – government employee unions go wild". Wayne Allyn Root’s views do not necessarily reflect those of Gambling911.com nor its management.
There was never going to be a heavy tax on high value "Cadillac" health insurance policies. That was just a smokescreen. T
(Read the full post about ‘Wayne Root: Obama Death Panels Equal Unions’…)
