The Payment in Lieu of Taxes or "PILOT" Plan for Atlantic City casinos is set to be voted on by the New Jersey legislature in the next few days. The bill is the latest attempt by the state government of New Jersey to bolster the Atlantic City gaming industry. Senate
March Madness office pools are more popular than ever these days, despite experts agreeing that the gambling activity is illegal. Occasionally, an elected official or sports coach admits to doing an office pool, which brings their ethics into question. Despite that, the practice is so widespread that March Madness bracket
With tax season upon us, gamblers who had a good 2014 have to consider how to report their winnings. Most of us don't have that problem, but those who do might soon have new forms to fill out. Some of the tax options might make filing a return simpler for
Darren Phua has pleaded guilty in a case centered around an illegal World Cup betting ring. Darren Phua is the son of gambling mogul Paul Phua Wei Sang, who is accused of the same crimes. When Darren Phua's lawyer was asked why the 23-year old pleaded guilty to the charges,
A new player has entered the drama surrounding Revel Casino's bankruptcy: Izek Shomof. Mr. Shomof is a Los Angeles-based real estate developer who entered an 11th-hour bid to purchase Atlantic City's Revel Casino Hotel. Judge Gloria Burns called for a one-week delays in the sale of Revel Casino to Glenn
In another startling turn of events, advisors to Revel AC, the owners of the Revel Casino Hotel, failed to gain approval for an agreement to sell the casino resort for $82 million. Judge Gloria Burns told the owners of the hotel property to look for a better price. Judge Burns'
The Restoration of America's Wire Act was scheduled to be discussed on March 5 in the House Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. Since first posting this story, the meeting has been canceled, but it should be rescheduled for the legislative schedule sometime in the near future, when
A former Miami police officer pleaded guilty in federal court Monday to charges that he extorted money from an illegal sports betting operation. Jerry Sutherland, 28, did not fight charges that he extorted $3,400 in cash from a South Florida gambling operator in exchange for police protection. Jerry Sutherland worked
The "Casino Property Taxation Stabilization Act", a bill that would transform how the property taxes on Atlantic City casinos are assessed, continues to languish in the halls of the state legislature. The PILOT bill, as it's known to lawmakers, was introduced three months ago, but concerns about the future of
The Nevada Gaming Commission on Thursday approved Olympics sports betting for Las Vegas this week. Olympic betting is a commonplace in several other western nations, but in the United States, it has been discouraged, because the Olympic Games have been seen as a showcase for the amateur athletes. Nevada has
The Hard Rock Cafe in Atlantic City could close in the coming months, but if the cafe's parent company can be believed, only if the Trump Taj Mahal is forced to close. The Press of Atlantic City reported this week that the Hard Rock Cafe, which is situated inside the
A.G. Burnett, chairman of the Nevada Gaming Control Board, has announced his support of Senate Bill 9, which would allow more games of skill in the casino. Traditionally, games of chance dominate the gaming floor of a casino. In this case, Senate Bill 9 would support all the inclusion of
