Democratic US Rep. Dina Titus, above. Her bill would update the 46-year-old reporting threshold on slot jackpots and ensure that it rises with inflation. (Image: Roll Call)
US Rep. Dina Titus (D) believes the current system is anachronistic, claiming it’s burdensome to casinos, customers, and the IRS.
The existing reporting policy was established in 1977, but someone forgot to index it for inflation. According to DollarTimes.com’s inflation calculator, $1,200 would be $6,120 in today’s money.
Razvan Belea after winning the EPT Paris Main Event. He became the first Romanian to win an EPT Main Event. (Image: Rational Intellectual Holdings via PokerStars)
Razvan Belea, a poker player, simply needed $530 and some extra spending money to become a billionaire and make history. He took the PokerStars European Poker Tour (EPT) Main Event for €1,170,000 (US$1.23 million), being the first Romanian to do so.
He got his place in the tournament via a PokerStars internet satellite, and the ensuing trip to Paris, France was well worth it. There were 1,606 entries for the €5,300 (US$5,593) main event, and it was the Romanian who outlasted them all.
According to The Hendon Mob, it was Belea’s greatest pay to date, as he previously earned only roughly $140K in live earnings after a decade on the circuit. The victory propelled him into
I have friends who firmly believe that casinos “fix” their video poker machines. They feel the casinos are cheating by not giving a random game, and in support of their beliefs, they cite some of the following observations:
On Thursday, officials stated that a big bust of illicit gambling in a major Upstate bust was the result of an investigation that took several months to complete. There are ten people who have been charged, and