The Casino Environment Before the recent economic downturn, commercial casinos collected at least $30 billion in revenues each year from 2005 through 2008.1 During this period, US casino owners built new facilities and expanded the size of their existing facilities. As a result of the economic downturn, new US commercial casino construction has come to a screeching halt and casino operators are now focused on existing facility cost reduction. The Section 179(D) Tax Provisions Increasingly, casino operators are taking advantage of the EPAct IRC section 179(D) commercial building energy efficiency tax provisions, which have been extended through 2013. EPAct tax deductions are available for qualifying energy reductions in lighting, HVAC(heating,…

The advances in broadband and wireless technology have made the world come together closer than never before. Now virtually everything is possible on the net-shopping, clinching business deals, social networking, and even gambling, the ever-favorite pastime of men. Online gambling first emerged in the early part of the 1990s and had become an instant hit, with an estimated 3000 online websites on the net today. It totally radicalized the gambling industry and has seen takers from across age groups. However, just like the land version, even internet gambling is fraught with problems. The addiction problem prevails in the online world as well. What is problem gambling? Problem gambling is an…