SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : SIMMD - Hot Casino Gaming Deal -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (43)4/19/1999 5:02:00 PM
From: Whisperer!  Respond to of 80
 
Gambling and Taxes

Mon Apr 19, 1999

Should you pay taxes on your winnings? Forbes magazine writer, Dan Seligman, speculates about the relationship between gambling and taxes. A helpful tip is to keep a running spreadsheet of gambling wins and losses throughout the year, since only the balance of winnings after gambling losses are subtracted is regarded as taxable income. Although Seligman is still undecided about what to enter on his own 1040 form, readers may gain some insight into the problems and bureaucracy that face gamblers at tax time.



To: Joe Copia who wrote (43)4/20/1999 8:33:00 AM
From: vagabond  Read Replies (2) | Respond to of 80
 
Please, what will new symbol be?...

I keep reading references to SIMMD getting a new symbol today -- but can't seem to find any posts saying what that new symbol will BE. Sorry if it HAS been given and I've just overlooked it -- but could someone perhaps post it again? Thanx...

vagabond



To: Joe Copia who wrote (43)4/20/1999 12:35:00 PM
From: Whisperer!  Respond to of 80
 
HGN Lawsuit Update

Tue Apr 20 1999

CasinoWire has been following the patent infringement lawsuit filed by Home Gambling Network (HGN) against Starnet Communications, an online gaming company. HGN holds a US patent entitled ''Method of Participating in a Live Casino Game from a Remote Location.'' Although its patent does not mention sports book betting, and Starnet does not offer anything resembling a video link to a real casino, HGN does not appear discouraged. HGN wishes to emphasize that Starnet offers live, remote betting, conducted through electronic links, and that off-licenses are not involved. HGN's claim is based on its own novel definition of the term "casino"-- merely a general description of a place where bets are taken. Starnet's lawyer, Ira Schwartz, responded that "common sense" tells you that HGN's definition of casino is too arbitrary: "...I'll tell you it's certainly our interpretation that they certainly can't be that broad. Otherwise, every off-track betting office in the country is going to be sued, and off-track betting has been around a lot longer than that patent.''

This story, from Canada Stockwatch, is "to be continued... "