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Archive for the ‘Other - Business & Finance’ Category

 

What is the average price of a full gambling software stack ?

Tuesday, March 24th, 2009
Jideel asked:


Do you know gambling software providers such as Playtech, Microgaming, Wagerworks, Grand Virtual, ECM… ?
They provide full gambling software stack to operate an online gambling business, i sent email about sale inquiries, but it’s hard to obtain prices information.
Does someones has an idea about the average price of such a stack, or an order of magnitude ?
Is it 10,000$, 50,000$, 100,000$ ???
Thank you for helping.

Harry

 

Should money earned from online gambling be reported to the IRS?

Monday, March 16th, 2009
RockStar asked:


Online gambling was made illegal in the US a couple of years back but there are a few (mostly Canadian) sites that still accept US players. Even though it is illegal in the US to gamble online, should an individual include those profits on their federal tax return?
I guess my question is: If one reports the income then that individual admits to ‘breaking the law’ but if they don’t then they are breaking the law by withholding taxable income from their tax return.

Bill
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