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Gambling Wisdom of the Week: “How the IRS views gambling is a murky, swampy, stinky cesspool, so wide that it’s extremely difficult to maneuver around.There is a litany of lengthy sequential steps the casino has to take in most gaming jurisdictions to change the percentage return more in the casino’s favor. I will keep you abreast, Bill, of any change to the gambling tax law....

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Like the best-paced movie scripts, the next big “reveal” for guests is the Industrial Revolution themed loading platform, 23 floors above the ground floor. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, the Golden Reel was formed in traditional Hollywood blockbuster movie fashion when not one, but two flaming asteroids crashed through the building fa?ade in tandem to create an almost perfect figure-8 form.Certainly, Bill, you can keep track with meticulous records of your losses to offset any winnings, but few, if any, casual gamblers do....

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Earlier this year, as part of an expansive rewrite of gambling tax law, the IRS put forward the idea of lowering the mandatory reporting minimum for slot machines to 0.Earlier this year, as part of an expansive rewrite of gambling tax law, the IRS put forward the idea of lowering the mandatory reporting minimum for slot machines to 0. If anything, I believe the W2-G limit should be raised to at least ,500....

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Also, what are some of the expected returns that I will find on slot machines on the Strip where I am staying? Marv B.MACAU, June 25, 2015 — Melco Crown Entertainment, owner and operator of casino gaming and entertainment resort facilities in Asia, proudly unveils the epic movie-inspired Golden Reel Ferris wheel as the iconic centerpiece attraction of the Company’s soon to open US. There are 17 “Steampunk”-themed cabins, each comfortably accommodating up to 10 people on the 15+ minute, jaw-dropping journey around the uniquely-shaped figure-8 track....

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I am going to Las Vegas in October – my first trip – for the World of Concrete convention at the Las Vegas Convention Center. Also, what are some of the expected returns that I will find on slot machines on the Strip where I am staying? Marv B. Uncle Sam figures that since, by law, gamblers must pay taxes on every dollar they win at casinos, bingo parlors, racetracks, even an informal football bet with Uncle Louie, the IRS might as well capture more with a lower jackpot threshold....