Europe continue to open up for online poker and online gambling

Poland to Legalize Online Poker and Online Gambling Poland’s decision follows the favorable ruling for online poker and online gambling in the Placanica case by the European Court of Justice. Under current Polish law, it is illegal to take part in gambling games offered from companies located in other countries. But the number of online…

Big Online Casino Winners

Bodog Online Casino Winners: Victoria K. Wins Again After winning over $280,000 playing Food Fight, Victoria is back at it and still winning. She just banked another $15,999. Bodogs online blackjack table saw a slew of big winners on Monday, April 9. Daniel V. from Illinois cashed out with a whopping $18,750 while Californias Dylan…

United States must pay billions in trade compensation

The European Union wants compensation from the United States for money its companies have lost because of the United States ban on Internet gambling. Supporters of legalized Internet gambling think the move, announced Tuesday, will increase pressure on lawmakers to regulate, rather than ban, Internet gambling. The European Union is the latest in a handful…

Casino winnings and losses

Your summer vacation may mean a trip to the casino or the racetrack. What will you owe Uncle Sam if Lady Luck happens to be on your side….?? Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 and include all of your winnings. Gambling income includes,…