[vpFREE] Jean Scott's Frugal Vegas LVA BLOG - 31 OCT 2014

 

Jean Scott's Frugal Vegas LVA BLOG - 31 OCT 2014

NOVEMBER VEGAS PROMOTIONS

http://jscott.lvablog.com/?p=3692

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Posted by: vpFREE3355 <vpfree3355@gmail.com>
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RE: [vpFREE] Re: 2015 American Casino Guide Books Sale

 

Would I be able to use coupons from the 2015 book that I already used in 2014?

For example....free buffet art Main Street Station after 250 points. I used this coupon from the 2014 book back in January. I believe that offer was only good once a year. I'm guessing the coupon from the 2015 book wouldn't be good until January 2015.

[Non-text portions of this message have been removed]

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Posted by: tappr@yahoo.com
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Re: [vpFREE] Proposition 3 on the Nevada Ballot affects Video Poker Players Big Time

 

If this is determined to apply to professional gamblers, it will really be
prohibitive. However, I believe your accountant got a detail wrong.. you'd
be taxed 2% on 70% of revenue, so the tax would be $70k instead of $100k.
Obviously, still brutal.

Ed

On Fri, Oct 31, 2014 at 1:01 PM, Bob Dancer bobdancervp@hotmail.com
[vpFREE] <vpFREE@yahoogroups.com> wrote:

>
>
> The following was posted by attorney Bob Nersesian on the BJ21 forum
> concerning Proposition 3 on the Nevada ballot:
>
> "This
> just popped up in my office from another attorney as an issue. For
> those of you who file Schedule C income on your gaming activities, it
> appears that the Prop. 3 gross receipts tax will apply to all payouts
> received in the tax year in excess of one-million dollars. While I am
> not opining on the methodology of collection, the availability of
> discovery by the Nevada taxing authority, or the practicalities of
> implementation, clearly this puts effectively all professional gamblers
> at risk. Simply, if you churn three million to win $150,000.00, it
> appears that there would be a tax owed to Nevada in an amount of over
> $60,000.00. It appears to also apply to non-Nevada Schedule C filers
> whose activities occur in Nevada. It also applies to a bad year where
> two million churned results in a loss of $10,000.00, and a tax of just
> shy of $40,000.00 to be paid on top of the loss."
>
> I asked my accountant what it would cost me if I had $5 million in W2Gs in
> a year. She responded that IF this proposition passes and IF it applies to
> Schedule C, the tax on $5,000,000 in W2Gs would be $100,000 --- whether I
> won or lost that year.
>
> If this passes and is enforced, that's the end of my video poker career in
> Nevada. Playing quarter full pay deuces wild would avoid this problem, but
> that's not an option that interests me.
>
> Bob
>
>
> [Non-text portions of this message have been removed]
>
>
>

[Non-text portions of this message have been removed]

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Posted by: Ed Miller <ed.miller@gmail.com>
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Re: [vpFREE] Proposition 3 on the Nevada Ballot affects Video Poker Players Big Time

 

You got me wrong on that one. I was being my usual sarcastic self, but my ire was aimed at the casinos or whoever it is that is encouraging this action. I'd be guessing that it is the casino bean counters that are promoting this, as their usual reaction to poor business is always to pull back instead of promote more play.

A.P.


________________________________
From: "Bob Dancer bobdancervp@hotmail.com [vpFREE]" <vpFREE@yahoogroups.com>
To: "vpfree@yahoogroups.com" <vpfree@yahoogroups.com>
Sent: Friday, October 31, 2014 5:33 PM
Subject: RE: [vpFREE] Proposition 3 on the Nevada Ballot affects Video Poker Players Big Time


AP wrote: How to get rid of the pros
in one easy step, no more need to bar or no mail, just tax them to death.

It's always nice to get a warm, sensitive response from
Albert!

Kidding aside, this actually will be really bad news for
Nevada casinos and players of all levels. Of the players to get $1 million or more in W2Gs here, a
relatively small percentage of them are successful pros. Adding a $20,000 tax
per million dollars of W2Gs will cause many players to play elsewhere. Which
will be a BIG revenue loss for the casinos. They make LOTS of money off of players who get a lot of W2Gs.

If casinos are losing money, you can expect a trickle-down
effect to all games. The pay schedules here, even for quarters, will become
like they are in other states --- typically less than 98%. This proposition
does not only affect big players. It does not only affect pros. If affects all of us.

Apparently I mislabeled this. It's Proposition 3A --- not Proposition 3.

Bob


[Non-text portions of this message have been removed]

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RE: [vpFREE] Proposition 3 on the Nevada Ballot affects Video Poker Players Big Time

AP wrote: How to get rid of the pros
in one easy step, no more need to bar or no mail, just tax them to death.



It's always nice to get a warm, sensitive response from
Albert!


Kidding aside, this actually will be really bad news for
Nevada casinos and players of all levels. Of the players to get $1 million or more in W2Gs here, a
relatively small percentage of them are successful pros. Adding a $20,000 tax
per million dollars of W2Gs will cause many players to play elsewhere. Which
will be a BIG revenue loss for the casinos. They make LOTS of money off of players who get a lot of W2Gs.


If casinos are losing money, you can expect a trickle-down
effect to all games. The pay schedules here, even for quarters, will become
like they are in other states --- typically less than 98%. This proposition
does not only affect big players. It does not only affect pros. If affects all of us.


Apparently I mislabeled this. It's Proposition 3A --- not Proposition 3.

Bob


[Non-text portions of this message have been removed]



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Re: [vpFREE] Proposition 3 on the Nevada Ballot affects Video Poker Players Big Time

 

How to get rid of the pros in one easy step, no more need to bar or no mail, just tax them to death.

A.P.


________________________________
From: "Bob Dancer bobdancervp@hotmail.com [vpFREE]" <vpFREE@yahoogroups.com>
To: "vpfree@yahoogroups.com" <vpfree@yahoogroups.com>
Sent: Friday, October 31, 2014 4:01 PM
Subject: [vpFREE] Proposition 3 on the Nevada Ballot affects Video Poker Players Big Time


The following was posted by attorney Bob Nersesian on the BJ21 forum concerning Proposition 3 on the Nevada ballot:

"This
just popped up in my office from another attorney as an issue. For
those of you who file Schedule C income on your gaming activities, it
appears that the Prop. 3 gross receipts tax will apply to all payouts
received in the tax year in excess of one-million dollars. While I am
not opining on the methodology of collection, the availability of
discovery by the Nevada taxing authority, or the practicalities of
implementation, clearly this puts effectively all professional gamblers
at risk. Simply, if you churn three million to win $150,000.00, it
appears that there would be a tax owed to Nevada in an amount of over
$60,000.00. It appears to also apply to non-Nevada Schedule C filers
whose activities occur in Nevada. It also applies to a bad year where
two million churned results in a loss of $10,000.00, and a tax of just
shy of $40,000.00 to be paid on top of the loss."

I asked my accountant what it would cost me if I had $5 million in W2Gs in a year. She responded that IF this proposition passes and IF it applies to Schedule C, the tax on $5,000,000 in W2Gs would be $100,000 --- whether I won or lost that year.

If this passes and is enforced, that's the end of my video poker career in Nevada. Playing quarter full pay deuces wild would avoid this problem, but that's not an option that interests me.

Bob

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

__._,_.___
Posted by: Albert Pearson <ehpee@rogers.com>
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.

__,_._,___

[vpFREE] Proposition 3 on the Nevada Ballot affects Video Poker Players Big Time

 

The following was posted by attorney Bob Nersesian on the BJ21 forum concerning Proposition 3 on the Nevada ballot:

"This
just popped up in my office from another attorney as an issue. For
those of you who file Schedule C income on your gaming activities, it
appears that the Prop. 3 gross receipts tax will apply to all payouts
received in the tax year in excess of one-million dollars. While I am
not opining on the methodology of collection, the availability of
discovery by the Nevada taxing authority, or the practicalities of
implementation, clearly this puts effectively all professional gamblers
at risk. Simply, if you churn three million to win $150,000.00, it
appears that there would be a tax owed to Nevada in an amount of over
$60,000.00. It appears to also apply to non-Nevada Schedule C filers
whose activities occur in Nevada. It also applies to a bad year where
two million churned results in a loss of $10,000.00, and a tax of just
shy of $40,000.00 to be paid on top of the loss."

I asked my accountant what it would cost me if I had $5 million in W2Gs in a year. She responded that IF this proposition passes and IF it applies to Schedule C, the tax on $5,000,000 in W2Gs would be $100,000 --- whether I won or lost that year.

If this passes and is enforced, that's the end of my video poker career in Nevada. Playing quarter full pay deuces wild would avoid this problem, but that's not an option that interests me.

Bob


[Non-text portions of this message have been removed]

__._,_.___
Posted by: Bob Dancer <bobdancervp@hotmail.com>
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.

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[vpFREE] Scot Krause's LVA Players Club Bonus Points Update - 31 OCT 2014

 

Scot Krause's LVA Players Club Bonus Points Update - 31 OCT 2014

http://www.lasvegasadvisor.com/greatdeals-slotpromotions.cfm

*************************************************
This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
*************************************************

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Posted by: vpFREE3355 <vpfree3355@gmail.com>
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[vpFREE] Sampling Ethnic Las Vegas - TR (XVP)

 

Our latest trip

http://www.vegasmessageboard.com/forums/showthread.php?113257-Sampling-Las-Vegas-II http://www.vegasmessageboard.com/forums/showthread.php?113257-Sampling-Las-Vegas-II



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Posted by: westie2f@yahoo.com
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[vpFREE] Re: Jean Scott's Frugal Vegas LVA BLOG - 25 OCT 2014

 


Oh no, I hit a $4000 Royal on one of those last visit to Vegas and was looking forward to doing so again while sipping one of those delicious amber drafts!

Sent from my Verizon Wireless 4G LTE smartphone

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Posted by: shoremale44 <shoremale44@yahoo.com>
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[vpFREE] Vegas Quad Becomes the Linq

 

Vegas' Quad becomes the Linq, and the Linq becomes a bargain at $79 http://www.latimes.com/travel/deals/la-trb-vegas-quad-linq-20141030-story.html



http://www.latimes.com/travel/deals/la-trb-vegas-quad-linq-20141030-story.html

Vegas' Quad becomes the Linq, and the Linq becomes... http://www.latimes.com/travel/deals/la-trb-vegas-quad-linq-20141030-story.html Goodbye, Quad Resort & Casino. Hello, Linq Hotel & Casino. In the ever-changing world of Las Vegas, the Quad was renamed the Linq on Thursday and is ...



View on www.latimes.com http://www.latimes.com/travel/deals/la-trb-vegas-quad-linq-20141030-story.html
Preview by Yahoo





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Posted by: wpbacker@gmail.com
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[vpFREE] Re: Jean Scott's Frugal Vegas LVA BLOG - 25 OCT 2014

 

Last-minute News and a Freebie

http://jscott.lvablog.com/?p=3686

The Ellis Island machines that Jean wrote about in the blog have been
removed and replaced with slots. Didn't see them relocated in the
casino. They were six slant-tops by the slot club with 25c, 50c and $1
NSUD, 9/6 JoB and 8/5 BP.

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[vpFREE] Scot Krause's LVA Players Club Bonus Points Update - 30 OCT 2014

 

Scot Krause's LVA Players Club Bonus Points Update - 30 OCT 2014

http://www.lasvegasadvisor.com/greatdeals-slotpromotions.cfm

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This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
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Posted by: vpFREE3355 <vpfree3355@gmail.com>
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RE: [vpFREE] Re: 2015 American Casino Guide Books Sale

 

That is correct. They are valid NOW thru the end of 2015.

Scot

From: vpFREE@yahoogroups.com [mailto:vpFREE@yahoogroups.com]
Sent: Thursday, October 30, 2014 7:30 AM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: 2015 American Casino Guide Books Sale

You state all the coupons are good now until the end of 2015. Just making sure, they all are good the rest of 2014? We don't have to wait until 2015 to start using them?

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[Non-text portions of this message have been removed]

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Posted by: "Scot Krause" <krauseinvegas@cox.net>
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