Gambler Hits Jackpot With Court's Tax Ruling - Saturday 20th of May 2006
ST. PAUL, Minnesota As reported by the Associated Press: "What Estelle Busch lost at the slot machines, she won with tax collectors.
"The Minneapolis woman with a 60-hour-a-week gambling regimen — she labeled it a business — convinced the Minnesota Supreme Court that she should be able to deduct $200,000 in gambling losses over three years from her taxes.
"...State tax collectors had been demanding she pay $102,000 in back taxes.
"...Justices concurred that she was involved in a 'trade or business,' even if it wasn't a particularly reasonable one to practice..."
Other news from around the same time
Octavian Appoints New Head of Marketing - Saturday 20th of May 2006
UK Networked gaming specialist Octavian has expanded its team with the appointment of Helen Hedg....
NIGC Releases Draft of Casino Licensing Regulations - Saturday 20th of May 2006
WASHINGTON, DC As reported by Indianz.com: "Tribes will have to certify every year that their casi....
Lotto to Launch Huge Promotion with $112M Unclaimed Jackpot - Saturday 20th of May 2006
Guyana – As reported by Stabroek News (Guyana): "The time to claim $112,640,940, the largest jack....
Sands Could Sell to Vegas-based Firm for $148 million - Saturday 20th of May 2006
LAS VEGAS, Nevada As reported by the Reno Gazette Journal: "A Las Vegas 'bad guy' is taking over T....
Gambling Kingpin Returned to Prison - Saturday 20th of May 2006
PENNSYLVANIA – As reported by the Tribune-Review (Pennsylvania): "The former kingpin of Western P....
£350M. Casino Plan for Bowling Revealed - Saturday 20th of May 2006
GLASGOW, Scotland – As reported by the Evening Times (UK): "But Harrah, one of the world's larges....
Casino Firm Buying Riverboat - Saturday 20th of May 2006
EAST ST. LOUIS, Missouri – As reported by the Enquirer (Ohio): "… Fort Mitchell-based Columbia ....
Herbst Gaming to Buy Sands Regent - Friday 19th of May 2006
by Howard StutzLas Vegas Gaming WireLas Vegas-based Herbst Gaming pushed into Northern Nevada's cas....
Construction on Michigan Casino Near - Friday 19th of May 2006
NEW BUFFALO, Michigan – As reported by The Post-Tribune (Michigan):"…the Pokagon Band of Potawa....
Gambling With Mobile Bill - Thursday 18th of May 2006
AUSTRALIA As reported by the Courier-Mail: "Betting cash on the outcome of blackjack, roulette or ....
