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annoyingllamapolice · 3 months ago
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Illegal Casino Chips
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Wanted: $6 million in missing gaming chips. Last seen: The lavish Wynn casino in Macau.
Police are hunting for millions of dollars in casino chips after they were stolen -- allegedly by one of Wynn's own croupiers -- raising security concerns in the world's biggest gambling hub.
In many parts of the US, but particularly in Montana, 'good-for' tokens like these were used for poker and other gambling games. If you look at Ed Hertel's illegal gambling guide, you will see the large number of token chips used in illegal clubs and bars in Montana. Typically, chips become obsolete in one of three ways: (1) the casino that issued them goes out of business-the Playboy casino in Atlantic City or the Dunes in Las Vegas, for example; (2) the casino changes its name or ownership and issues chips under the new name; or (3) the casino changes chip design or manufacturer.
The heist happened Tuesday at the Wynn Macau(WYNMF), one of the marquee destinations in a Chinese territory whose gambling revenues dwarf those of Las Vegas.
Macau police told CNNMoney that a dealer at the Wynn Macau and a potential accomplice have been arrested and that they are not currently looking for other suspects. They declined to identify the two people by name.
Police didn't say how the stolen chips were taken past casino security. But local media reported that the suspect allegedly stuffed them into a bag in a VIP room and simply carried them out.
To turn the chips into hard cash, the thieves or their associates would eventually need to bring them back into the casino.
Wynn Macau is controlled by Wynn Resorts(WYNN), the Las Vegas casino firm founded by billionaire mogul Steve Wynn. Wynn Macau didn't respond to requests for comment Friday.
Casino operators could face pressure from authorities to tighten up oversight of gaming rooms following the theft, according to Vitaly Umansky, an analyst at investment firm Sanford Bernstein.
Rules around gambling in Macau are more relaxed than in Las Vegas, he said. Most of the high-stakes action in Macau takes place in so-called VIP rooms, which aren't run by the casinos themselves but by separate junket operators from mainland China.
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That makes it difficult for casinos to manage exactly what goes on inside.
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'The junkets get a lot of leeway inside the rooms in terms of how money changes hands and how chips change hands. That's something that may need to get evaluated,' Umansky said.
Big heists in the city's casinos are rare, but they do happen. In 2015, a junket operator said it had been scammed out of more than $30 million. That incident also happened at a Wynn casino.
Should i report online gambling winnings real money. Gambling is a big business in Macau, a former Portuguese colony.
The city's revenues from games like baccarat and blackjack are about five times bigger than those generated on the Las Vegas strip.
Macau's casinos raked in just over $33 billion last year, an increase of about 20% from the year before.
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That snapped a multi-year losing streak for the gambling industry in the city. Macau is popular with visitors from mainland China, where gambling is illegal.
Revenues began falling in 2014, hurt by a far-reaching crackdown on corruption by Chinese President Xi Jinping. That deterred some big spenders from visiting Macau's VIP rooms.
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-- Qiaoqiao Yu contributed to this report. Slot aereo. Best kansas city casino buffet downtown las vegas.
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CNNMoney (Hong Kong) First published January 19, 2018: 5:36 AM ET
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annoyingllamapolice · 3 months ago
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Uses For Blackjack Oak
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Blackjack Oak Tree Pictures
Natural History |
Identifying Characteristics |
Images |
Natural History Leaves and branch of bluejack oak Photo credit: Larry Korhnak, University of Florida
As the common name implies, the primary distinguishing feature of bluejack oak is the blue hue of the leaves. It also has a single bristle on the tip of the leaf. Hollywood casino kansas city. This is a characteristic that separates 'red' oaks (with bristle tips) from 'white' oaks. White mountains casino az. It ranges from southeastern Virginia to central Florida and as far west as southeastern Oklahoma and central Texas. Neighboring trees in its pine sandhill and hardwood hammock habitats include longleaf pine, turkey oak, southern red oak, and common persimmon.
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The acorns are extremely valuable to wildlife such as deer, raccoons, squirrels, and quail. Sherman's fox squirrel prefers to consume bluejack oak acorns to other acorns, suggesting the acorns of this species taste better. Because this tree is often small and becomes a dense thicket, it provides important shelter and nesting sites for wildlife.
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Bluejack oak is rarely used for timber, but it is an excellent wood for fuel, fence posts, and barbecue. It has also been used as pulpwood for making paper.
Reporting Gambling Profits and Loss on Your Taxes Gambling Losses Can Be Deducted on Schedule A. If you itemize your deductions, you can deduct your gambling losses for the year on Schedule A. However, you can only deduct your loss up to the amount you report as gambling winnings. Should i report online gambling winnings. Congratulations on your gambling winnings. You are correct that this will potentially impact the taxability of your Social Security benefits, but there is nothing that you need to report to the.
Blackjack Oak Nc
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In November 2016, we visited a small native tree nursery near Austin, Hill Country Natives, and picked up a couple of small trees. This one is a Blackjack Oak. As the tree nursery doesn't use chemicals, it was covered in white aphids. I sprayed them off with water before planting. I've used Blackjack for grilling for many years since it's considered a scrub oak and readily available here in NE Florida. I recently started using it as a smoking wood in my new Land 60D. The several briskets, pork butts, and chickens have turned out great. FWIW I leave the bark on. It burns just fine.
Identifying Characteristics
Habitat:Bluejack oak grows on well-drained sandy soils in pine sandhill and dry hardwood hammock communities.Size/Form:Bluejack oak is a small tree that only reaches heights of 30' to 50'. It is often shrubby, with an irregular crown and short, crooked trunk.Bark:The grayish black bark is thick with blocky furrows and rough ridges.Leaves:The leaves are simple, alternately arranged, and may persist on the tree until spring. The leaves are 3' to 5' long by ½' to 1' wide. The oblong or narrowly elliptical shaped leaves usually have a bluish gray, leathery upper surface. The underneath surface is whitish gray with wooly fuzz. The leaf base and tip are rounded, but there is a single, prickly bristle on the tip. The margin is smooth.Fruit:The acorns are ½' to ¾' long. The cap covers 1/2 to 1/3 of the acorn. Acorns mature in two growing seasons.
Images
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Click on thumbnails to see a larger image in a new window. Close the new window to return to this page.
Blackjack Oak For Sale
BarkAcornsInsect gall on twigLeaves, showing the upper and lower surfacesPhoto credit: Larry Korhnak, University of FloridaPhoto credit: Larry Korhnak, University of FloridaPhoto credit: Larry Korhnak, University of FloridaPhoto credit: Larry Korhnak, University of Florida
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annoyingllamapolice · 3 months ago
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annoyingllamapolice · 3 months ago
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Slot Aereo
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A leading-edge slot on a STOL aircraft
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A leading-edge slot is a fixed aerodynamic feature of the wing of some aircraft to reduce the stall speed and promote good low-speed handling qualities. A leading-edge slot is a spanwise gap in each wing, allowing air to flow from below the wing to its upper surface. In this manner they allow flight at higher angles of attack and thus reduce the stall speed.[1]
Purpose and development[edit]
Full-span leading-edge slot in the wing of the PZL-104M Wilga 2000
At an angle of attack above about 15° many airfoils enter the stall. Modification of such an airfoil with a fixed leading-edge slot can increase the stalling angle to between 22° and 25°.[2]
Slots were first developed by Handley Page in 1919 and the first aircraft to fly with them was the experimental H.P.17, a modified Airco DH.9A. Their invention is credited jointly to Sir Frederick Handley Page and Gustav Lachmann. The first aircraft fitted with controllable slots was the Handley Page H.P.20. Licensing the design became one of Handley Page's major sources of income in the 1920s.[3]
Similar, but retractable, leading-edge devices are called slats.[4] When the slat opens, it creates a slot between the slat and the remainder of the wing; retracted, the drag is reduced.
A fixed leading-edge slot can increase the maximum lift coefficient of an airfoil section by 40%. In conjunction with a slat, the increase in maximum lift coefficient can be 50% or even 60%.[2][5]
Unlike trailing edge flaps, leading-edge slots do not increase the lift coefficient at zero angle of attack since they do not alter the camber.[6]
Operation[edit]
Partial-span leading-edge slot in the wing of a Stinson 108-3
Fieseler Storch with full-span slots
A Zenith STOL CH 701 showing its full-span slot.
A leading-edge slot is a fixed (non-closing) gap behind the wing's leading edge. Air from below the wing can accelerate through the slot towards the low pressure region above the wing, and exit from the slot moving parallel to the upper wing surface. This high-speed flow then mixes with the boundary layer attached to the upper surface and delays boundary layer separation from the upper surface.
Slots naturally exact a penalty on the aircraft in which they are used. This is because they contribute to drag compared to an unslotted wing.[7] The extra drag at low speed is acceptable because of the beneficial reduction in stall speed and improvement in handling characteristics, but at higher speeds the extra drag contributed by slots is a significant disadvantage because it reduces cruising speed and increases fuel consumption per unit distance flown.
One way to reduce the cruise drag of slots is to make them able to be closed. This arrangement is known as leading-edge slats. Aerodynamically, slats work in the same way as fixed slots but slats can be retracted at higher speeds when they are not needed. Slats, in turn, are heavier and more complex than slots.[4][7]
At low angles of attack the airflow through the slot is insignificant, although it contributes to drag. At progressively higher angles of attack, the flow of air through the slot becomes increasingly significant, accelerating from the higher pressure region below the wing to the lower pressure region on top of the wing. At high angles of attack the fastest airspeed relative to the airfoil is very close to the leading edge, on the upper surface. In this region of high local airspeed, skin friction (viscous force) is very high and the boundary layer arriving at the slot on the upper wing has lost much of its total pressure (or total mechanical energy) due to this friction. In contrast, the air passing through the slot has not experienced this high local airspeed or high skin friction, and its total pressure remains close to the free-stream value. The mixing of the upper surface boundary layer with air arriving through the slot re-energises the boundary layer which then remains attached to the upper surface of the wing to a higher angle of attack than if the slot were not there.[2] The leading-edge slot was therefore one of the earliest forms of boundary layer control.[2]
Application of leading-edge slots[edit]
Leading-edge slots are generally of two types: those that are full-span and those that are partial-span.[4]
Full-span slots are generally found on Short Take-off and Landing STOL aircraft like the Fieseler Storch, Dornier Do 27, PZL-104M Wilga 2000, and Zenair CH 701 STOL. Their primary purpose is to allow the aircraft to fly at a higher angle of attack before reaching the stalling angle.[8]
In aircraft other than specialist STOL aircraft, full-span slots have serious drawbacks because, to take advantage of the high angle of attack at the stall, they usually necessitate long undercarriage legs that either cause high drag or are longer than can be accommodated easily inside the airframe.[9]
Partial-span slots are usually found only on the outboard portion of the wing where they ensure airflow over that portion of the wing will remain unstalled at higher angles of attack than the inboard portions of the wing. This ensures the wing root stalls first and contributes to docile stall behaviour and maintaining aileron control throughout the stall.[2][4] Using slots in this manner produces a similar result to employing washout on a wing, but through a different means. Examples of aircraft with partial-span, fixed slots are the Stinson 108, Bristol Beaufort, Lockheed Hudson, and Dornier Do 28D-2 Skyservant.
See also[edit]
Alula, a bird's biological equivalent to the leading-edge slot
References[edit]
^Kermode, A.C., Mechanics of Flight, Chapter 3
^ abcdeClancy, L.J., Aerodynamics, Section 6.9
^Centennial of FlightArchived 2012-10-10 at the Wayback Machine Retrieved 2008-02-19
^ abcdAviation Publishers Co. Limited, From the Ground Up, page 26 (27th revised edition) ISBN0-9690054-9-0
^Kermode, A.C., Mechanics of Flight, Figure 3.36
^Kermode, A.C., Mechanics of Flight, Figure 3.37
^ abAbbott and Von Doenhoff, Theory of Wing Sections, Section 8.6
^Crane, Dale: Dictionary of Aeronautical Terms, third edition, page 471. Aviation Supplies & Academics, 1997. ISBN1-56027-287-2
^Kermode, A.C., Mechanics of Flight, Figures 6.6 and 6.7
Ira H. Abbott, and Albert E. Von Doenhoff (1959), Theory of Wing Sections, Dover Publications Inc., New York SBN 486-60586-8
Aviation Publishers Co Limited: From the Ground Up, Twenty-Seventh Revised Edition. Aviation Publishers Co Limited, 1996. ISBN0-9690054-9-0
Clancy, L.J. (1975), Aerodynamics, Chapter 6 High Lift Devices, Pitman Publishing Limited, London ISBN0-273-01120-0
Kermode, A.C. (1972), Mechanics of Flight, Chapter 3 Aerofoils – Subsonic Speeds (8th edition) Pitman Publishing Limited, London ISBN0-273-31623-0
External links[edit]
Wikimedia Commons has media related to Leading-edge slots.
'Developments in Aircraft Design by the use of Slotted Wings' an article by Frederick Handley Page published in a 1921 issue of Flight
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Leading-edge_slot&oldid=964512537'
A landing slot, takeoff slot, or airport slot is a permission granted by the owner of an airport designated as Level 3 (Coordinated Airport), which allows the grantee to schedule a landing or departure at that airport during a specific time period.[1] Slots may be administered by the operator of the airport or by a government aviation regulator such as the U.S. Federal Aviation Administration.[2]
Landing slots are allocated in accordance with guidelines set down by the International Air Transport Association (IATA) Worldwide Airport Slots Group. All airports worldwide are categorized as either Level 1 (Non-Coordinated Airport), Level 2 (Schedules Facilitated Airport), or Level 3 (Coordinated Airport). At Level 2 airports, the principles governing slot allocation are less stringent; airlines periodically submit proposed schedules to the administrating authority, rather than historic performance. Participation is not mandatory, but reduces congestion and non-participants are penalized if the airport must later be designated level 3.[2]
As of summer 2017, a total of 123 airports in the world are Level 2 airports, and 177 are Level 3 airports.[3]
Allocated landing slots may have a commercial value and can be traded between airlines. Continental Airlines paid US$209 million for four pairs of landing slots from GB Airways at London Heathrow Airport, $52.3m each.[4] The highest price paid for a pair of take-off and landing slots at Heathrow Airport was $75m, paid by Oman Air to Air France–KLM for a prized early morning arrival, reported in February 2016. A year before, American Airlines paid $60m to Scandinavian Airlines.[5]
Heathrow slot valuations[6]YearBuyerSellerdaily slot pairstransaction (£M)slot value (£M)1998BAAir UK415.63.92002BABA Connect5132.62002BASN Brussels727.53.92003BASWISS822.52.82003BAUnited21262004VirginFlybe42052004QantasFlybe220102006BABWIA1552007BAMalev273.52007BABA7.3304.12007VirginAir Jamaica15.15.12007BMI77.77709.92007unknownAlitalia36722.32008ContinentalGB Airways/Alitalia/Air France4104.526.12013Deltaunknown230.815.42013EtihadJet346.215.4
As supply is limited, slot trading became the main solution to enter Heathrow and transfers grew from 42 in 2000 to 526 in 2012 and over 10 years the average priced slot was equivalent to £4 per passenger.[7]
If an airline does not use an allocation of slots (typically 80% usage over six months), it can lose the rights. Airlines may operate ghost or empty flights to preserve slot allocations.[8] To avoid pollution and financial losses caused by an excessive number of empty flights, these rules have occasionally been waived during periods of temporary but widespread travel disruption, including after the September 11, 2001 attacks, and during the SARS epidemic, the Great Recession, and the COVID-19 pandemic.[9]
Level 3 coordinated airports[3][edit]
Australia[edit]
Austria[edit]
Innsbruck Airport (winter season only)
Belgium[edit]
Brazil[edit]
Cambodia[edit]
Canada[edit]
Cape Verde[edit]
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Colombia[edit]
Cuba[edit]
China[edit]
Czech Republic[edit]
Denmark[edit]
Finland[edit]
France[edit]
Germany[edit]
Ghana[edit]
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Chania Airport (summer season only)
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Patras Airport (summer season only)
Preveza Airport (summer season only)
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Sitia Public Airport (summer season only)
Skiathos Airport (summer season only)
Thira Airport (summer season only)
Volos Airport (summer season only)
Zakynthos International Airport (summer season only)
Greenland[edit]
Hong Kong[edit]
Iceland[edit]
India[edit]
Chhatrapati Shivaji International Airport - Mumbai
Indira Gandhi International Airport - Delhi
Chennai International Airport - Chennai
Rajiv Gandhi International Airport - Hyderabad
Kempegowda International Airport - Bangalore
Indonesia[edit]
Ngurah Rai International Airport - Denpasar
Soekarno-Hatta International Airport - Jakarta
Ireland[edit]
Israel[edit]
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Italy[edit]
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Lampedusa Airport (summer season only)
Linate Airport - Milan
Malpensa Airport - Milan
Orio al Serio Airport - Milan
Olbia Costa Smeralda Airport (summer season only)
Pantelleria Airport (summer season only)
Ciampino Airport - Rome
Fiumicino Airport - Rome
Japan[edit]
Malaysia[edit]
Mauritius[edit]
Sir Seewoosagur Ramgoolam International Airport - Mauritius
Mexico[edit]
Morocco[edit]
Netherlands[edit]
New Zealand[edit]
Norway[edit]
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Pakistan[edit]
Philippines[edit]
Poland[edit]
Portugal[edit]
Faro Airport (summer season only)
Russia[edit]
Sheremetyevo Airport - Moscow
Vnukovo International Airport - Moscow
Saudi Arabia[edit]
Singapore[edit]
South Africa[edit]
King Shaka International Airport - Durban
OR Tambo International Airport - Johannesburg
South Korea[edit]
Spain[edit]
Ibiza Airport (summer season only)
Menorca Airport (summer season only)
Sri Lanka[edit]
Sweden[edit]
Switzerland[edit]
Taiwan[edit]
Slot Aereoporto
Thailand[edit]
Slot Aroma
Suvarnabhumi Airport - Bangkok
Don Mueang International Airport - Bangkok
Tunisia[edit]
Turkey[edit]
Antalya Airport - Antalya (summer season only)
Ukraine[edit]
Boryspil International Airport - Kiev
United Arab Emirates[edit]
United Kingdom[edit]
United States[edit]
John F. Kennedy International Airport - New York City
LaGuardia Airport (not on IATA list, but slot controlled)[10]
Ronald Reagan Washington National Airport - Washington, D.C. (not on IATA list, but slot controlled)[10]
Vietnam[edit]
Noi Bai International Airport - Hanoi
Tan Son Nhat International Airport - Ho Chi Minh City
References[edit]
^'Worldwide Slot Guidelines, 9th Edition English Version'(PDF). IATA. 1 January 2019. p. 14.
^ abSlot Administration - U.S. Level 2 Airports
^ ab'List of all Level 2 and Level 3 airports'. iata.org. 29 May 2018.
^'Continental pays Heathrow record'. Financial Times. March 3, 2008.
^'Oman breaks Heathrow record with deal for slots'. The Sunday Times. 14 February 2016.
^'Heathrow Airport's slot machine: hitting the jackpot again?'. CAPA centre for aviation. 8 May 2013.
^'Heathrow Airport: An introduction to Secondary Slot Trading'(PDF). Airport Coordination Limited. 30 September 2012. Archived from the original(PDF) on 4 March 2016.
^Green anger at 'ghost flights'
^Paul Sillers (12 March 2020). 'Ghost flights: Why our skies are full of empty planes'.
^ ab'Airport Reservation Office'. Federal Aviation Administration (FAA).
Slot Airplanes
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Landing_slot&oldid=975858132'
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annoyingllamapolice · 3 months ago
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Best Kansas City Casino Buffet
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Seafood Buffet in Kansas City on YP.com. See reviews, photos, directions, phone numbers and more for the best Buffet Restaurants in Kansas City, MO. Kansas City, MO 64161 From Business: At The Buffet at Ameristar Casino Hotel Kansas City, guests can travel from one dining station to another, sampling cuisines from all over the world – with great 8.
Kansas City Casino Boat
Hollywood Casino Kansas City
Best Casino Buffet In Kansas City
The Saturday and Sunday buffet is fantastic, inexpensive and a great way to sample a lot of things if you're new to Indian cuisine!
Great lunch buffet with chai and adequate vegetarian selections
Everything on the lunch buffet was fantastic!! Love the little Indian store beside the restaurant too.
Tons of great vegetarian options in the buffet, yum!
Awesome vegetarian selections on the buffet here!
Delicious lunch buffet! The chickpea salad is the best.
Lunch buffet is full of a great variety! Try the spicy seasoning and Ethiopian hot sauce
Ethiopian food can seem exotic and maybe a bit daunting at first, but everything on the lunch buffet is first-timer friendly. Great chance to try something new!
Great pizza lunch buffett!
Go during the week for the Buffet. Ideally the pasta is almost gone when you get there so you get to experience two different kinds.
Can't be a picky eater when it comes to the buffet. Haven't had a pizza or pasta I didn't like.
9$ lunch buffet is amazing!!!
If you live in the KC-area this is a must-try. The lunch buffet is ridiculously delicious with plenty of veg options.
Shrimp korma is awesome! They also have a lunch buffet that is always kept fresh and wonderful.
Great lunch buffet. The Chicken 65 and Chicken Tikka Masala are my favorites.
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I love their Saag Paneer! Also a fresh, delicious lunch buffet EVERY DAY.
Lunch buffet is yummy! If you order off the menu get the okra!
Food is soooo good I love the lunch buffet and the employees are always so nice!!
The buffet has all the traditional favorites and the food is very fresh i.e. Not sitting all day. Also kept very tidy. Have not tried the Mongolian grill, but it looks like a good spread.
I so don't like buffets.... That being said, if I'm forced or compelled to go to a buffet it's always a pleasant surprise to find a good one. Hong's pretty much nails it.
Great breakfast buffet, from omelets to order to flavored and soy milks to European style meats & cheeses. Delightful.
Good rooms, great service, awesome breakfast buffet.
Neat old hotel, awesome location, great beds...skip the breakfast buffet & walk down the hill to Fran's.
One of the best lunch buffet's in the metro... certainly the best in the Northland
The lunch buffet is great! It's a Sikh establishment so they have beef available. Non-Halal.
Great authentic Indian food! My wife and I love their Chicken Tikka Masala. There are also a lot of free extras to go along with your meal!
Make sure to visit for their mother's day brunch buffet. You'll be happy you have a mouth. AYC-Drink Mimosas and Bloody Mary's that day too.
The salmon is delicious. Love that they offer small portions as well as full size portions.
The bar has most boulevard beers on tap. The breakfast is to die for. Skip the buffet and order off the menu! The bloody marys are delicious. A kc must have
Beautiful historic hotel! The breakfast buffet on Sunday morning was such a bargain for all the food that we got. Bar is lively on weekend evening. Live music too!
Great breakfast buffet! Our hostess Meagan was very professional an full of hospitality!!
They now have a lunch buffet for $8.99 .
Mom and pop buffet attached to a small grocery. Falafel and hummus are must tries, and I like the 'spicy' (it's not, but has good flavor) chicken.
Lunch Buffet
Atmosphere, bread, pasta buffet, sweet iced tea, salad,
Sign up for email notifications. They send out specials often. Great prices and the food and wine are worth coming back for. Bring your appetite, portions can be larger than you might expect.
Kansas City Casino Boat
Call ahead to find out what is available at the buffet. They rotate the foods everyday.
No longer a buffet it is ala-cart. Food is still great! Located behind where the buffet use to be. 5154 Ararat Drive, KCMO 816-924-2929
The buffet is back - and they still have the cafe next door for ala carte dining.
Hollywood Casino Kansas City
Info
For a hearty meal with endless options, visit the Terrace Buffet. Our All You Can Eat Buffet offers a cozy environment to enjoy dinner seven days a week, with special features Friday, Saturday and Sunday!
Lunch available Monday - Friday and Brunch on Saturday and Sunday.
Best Casino Buffet In Kansas City
Freshly prepared entrées and desserts include everything from an elaborate salad bar to seafood, pasta and freshly made pizzas.
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Hours
Pricing & Specials
BRUNCH Saturday & Sunday Adult: $18.99 | Child: $11.99
LUNCH/DINNER Tuesday – Thursday Adult: $16.99 | Child: $10.99
FRIDAY LUNCH Adult: $16.99 | Child: 10.99
FRIDAY DINNER Prime Rib & Shrimp Adult: $26.99
SATURDAY DINNER Crab Legs Adult: $39.99 | Child: $23.99
SUNDAY DINNER Adult: $16.99 | Child: $10.99
Children 3 and under are always free.
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annoyingllamapolice · 3 months ago
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Should I Report Online Gambling Winnings
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on
Taxes are probably the last thing on your mind during an exciting gambling session. However, they inevitably come up following a big win or profitable year.
You may have two main questions at this point:
Do I need to pay taxes on my wins?
If so, how much do I have to pay?
The following guide discusses whether your gambling wins are taxable and other important topics regarding this subject.
If you won it from a legitimate, legal casino, you don’t need to worry. You may have heard that any cash deposit in a US bank over $10,000 is treated as “suspicious.”. Any other type of gambling winnings Keep in mind, even if you win money at a charity event that is hosted by a church or other type of non-profit organization, those winnings are taxable. If you paid money to participate in the event, such as purchased cards for a game of bingo at your church, you cannot claim the funds you spent as a donation. Put another way, there is no legal outcome if you fail to report your gambling winnings. However, there is a possibility that your tax office won’t bother you if you have won and failed to report anything below $1,200. This, however, doesn’t mean that if you consistently win and fail to report your winnings the tax office wouldn’t notice.
All Winnings Must Be Reported. If, like the vast majority of people, you’re a casual recreational gambler, you’re supposed to report all your gambling winnings on your tax return every year. You report the amount as “other income” on Schedule 1 of IRS Form 1040. You list them as 'other income' in line 21.
However, you can only deduct your loss up to the amount you report as gambling winnings. So, you should keep: An accurate diary of your gambling winnings and losses; Documentation of your gambling activity that can be verified; How Winnings Are Reported to the IRS: Form W-2G. The payer must provide you with a Form W-2G if you win.
The Short Answer Is Yes
I’ll cut right to the chase: yes, you do need to pay federal taxes on gambling winnings in the United States. This is especially true when you net a big win and receive a W-2G form.
According to the IRS, a gambling establishment should issue a W-2G when you win an amount that’s subject to federal income tax withholding (24% of win).
Slot machines present a famous example of when you’ll receive a W-2G form after winning so much. Casinos must issue a form when you win a prize worth $1,200 or more through slots or video poker.
As for the second point, a sportsbook or racetrack must withhold federal taxes when you win a bet worth 300x your initial stake. If you wager $5 and win $3,000, for example, then the bookmaker will issue a W-2G form and withhold $720 (24%).
Here’s a broader look at the W-2G and tax withholding threshold for different types of gambling:
$600+ through sportsbooks and racetracks (provided it’s 300x your stake).
$1,200+ through a slot machine, video poker machine, or bingo game.
$1,500+ through keno.
$5,000+ through a poker tournament.
All Winnings Are Subject to Taxation
Technically, you’re supposed to report any gambling winnings—big or small. Even if you win $20 in an office betting pool, the IRS wants to know about it.
If you want to stay above board, then you should report all wins on Form 1040 (under “other income”). As I’ll cover later, you can deduct losses from winnings as well.
Furthermore, any amount that’s withheld by a casino, poker room, sportsbook, or racetrack is deducted from what you owe. Gambling establishments keep 24% of a win when they do withhold money.
W-2G Forms Don’t Apply to Table Games
You’ll receive a W-2G when earning big wins through most types of gambling. However, casino table games are an exception to the norm.
Unlike a jackpot game (e.g. video poker) or a poker tournament, casinos have no idea how much money you start with in a table game. Therefore, they can’t really determine when you do and don’t experience big wins.
Examples of table games that are exempt from W-2G forms include:
Baccarat
Blackjack
Caribbean stud
Craps
Roulette
Three-card poker
The IRS still expects you to pay taxes on profits earned through table games. Again, though, the casino can’t issue a W-2G because they can’t tell how much money you’ve actually won.
Some States Tax Gambling Winnings
Most states tax your income, including gambling winnings. Depending upon where you live, you’ll probably need to pay taxes to both the IRS and your state.
For Example:
Michigan features a 4.25% flat income tax. The Wolverine State expects you to pay this same 4.25% rate on gambling wins.
West Virginia, on the other hand, doesn’t tax your winnings. Casinos/sportsbooks in the Mountaineer State only withhold federal taxes (when necessary).
Assuming you travel to another state to gamble, you may have two states wanting taxes. Luckily, though, you won’t be subject to double taxation.
Instead, your home state will give you credit for whatever taxes are paid to the state where the winnings occurred.
Can You Deduct Losses?
You can deduct gambling losses from winnings. However, these deductions are itemized rather than standard deductions.
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Here’s an example to explain:
You win $5,000 through sports betting.
You lose $4,500.
You must report the full $5,000—not $500 (5,000 – 4,500)—under other income.
Meanwhile, the $4,500 is reported through various itemized deductions.
In short, itemized deductions are expenses that reduce your taxable income. The standardized variety includes flat-dollar, common deductions.
You may be able to save more money through itemized deductions. However, standard deductions are easier to deal with and also have the potential to save you more money.
Regardless, you must use itemized deductions when dealing with losses. This means spending more time on your tax returns or working with an accountant.
Keep in mind that you won’t receive a tax refund for gambling losses. Instead, you can only deduct an amount equal to your winnings each year. If you win $3,500, for example, then you can’t deduct more than $3.5k and expect a return.
Keep Records on Wins & Losses
The IRS may take your word at face value when it comes to gambling. Of course, they also have the ability to audit you when they deem it necessary.
That said, you don’t want to guestimate on your wins and losses. Instead, you want proof through the form of records.
Journals offer a great way to record your gambling activities. You can log the following for each entry:
Date of gambling session
Location of the establishment
Game played
Starting bankroll
Ending bankroll
Such entries don’t guarantee you’re being honest. However, they at least show the IRS that you’re making a legitimate attempt at recordkeeping.
You can take your recordkeeping efforts even further by holding onto any other relevant documents. Betting slips, winning tickets, canceled checks, bank statements, W-2G forms, and anything else of relevance are all worth saving.
What Happens If You Don’t Report Gambling Winnings?
The IRS fully expects you to report gambling winnings and especially annual profits. They don’t take kindly to you failing to report these wins.
Of course, you’re unlikely to draw an audit for winning a $25 sports bet. You stand a higher chance of being audited, though, if you win enough for a W-2G form.
In this case, the casino/sportsbook/racetrack also sends a copy of the from to the IRS. The latter features reliable software that can match up your reported income with documentation of nonreported income.
Assuming you fail to report gambling winnings, then the IRS may do little more than send a letter and issue a small fine. You should definitely pay up, or at least work out a payment plan, in this case.
You’ll face more serious consequences, though, if you fail to report a huge win and lie about the matter when/if caught. Refusal to pay and/or heavy efforts to cover up the deceit will lead to bigger fines and possibly jail time.
Gamblers Stand Increased Chances of an Audit
Nobody likes attracting an audit from the IRS. Unfortunately, the chances of being audited increase for gamblers.
This is especially true when you net a big win and receive a W-2G. Of course, you can reduce the odds of being audited by claiming anything on the form.
The IRS may also become suspicious if you claim big losses on your tax return. You’ll put the taxman on increased alert when winning a huge prize (e.g. $50,000) and claiming a matching amount of losses.
Also, you can’t write off hotel stays, meals, and entertainment as a casual gambler. You must be a professional to claim such itemized deductions.
How Do Professional Gamblers Report Winnings?
Pro gamblers claim winnings on Schedule C as a self-employed person rather than as other income on Form 1040.
Form For Reporting Gambling Winnings
Even as a professional, you can’t deduct more losses than winnings in a year. You’re stuck in a tough situation with treating gambling as a day job, yet not being able to file losses that exceed winnings.
As mentioned before, though, you’re able to deduct business expenses like hotel stays and meals. These expenses just need to be a legitimate part of your business.
Conclusion
In answer to the original question, yes, you’re supposed to claim real money gambling winnings on federal tax forms. Even if you end up losing money on the year, the IRS wants to see your wins and losses.
Do Casinos Report Gambling Winnings
Of course, tax collectors don’t care a great deal when you win $200 on the year. They spend most of their time looking for bigger winners.
The times when you want to be especially diligent in this matter include:
When you book a large win and receive a W-2G form.
If you win a significant amount of profits throughout the year.
When you win 600x your bet with a sports or horse wager.
Should I Report Online Gambling Winnings Real Money
Again, the IRS and your state (if applicable) expect all gambling winnings to be reported. But you can use some commonsense in deciding when reporting wins are truly necessary.
Should I Report Online Gambling Winnings Without
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annoyingllamapolice · 3 months ago
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White Mountains Casino Az
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White Mountains Az City
White Mountain Az News
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“Dagot’ee”- Hello and welcome to the website of the White Mountain Apache Tribe! Our home is in eastern Arizona, where we have lived for thousands of years. We believe that we come from the Earth, and that we belong to the Earth. Our beautiful home was given to us by our Creator and is rich in tradition, resources, wildlife, and outdoor recreation. Our home is very unique. It starts at about 2,600’ above sea level on our southwest side, and ranges all the way up to 11,400’ on the peak of Mt. Baldy on our eastern border, our most sacred mountain, providing year round recreation activities.
“Welcome to the homelands of the White Mountain Apache Tribe! Apaches have been known since time immemorial for being resilient and having the will to survive in tough circumstances. Despite any challenge we may face, the ancestors of before gave us these bloodlines that still remain today.
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Located in the heart of the Great State of Arizona, the White Mountain Apache Tribe is blessed with over 400 miles of clean running rivers, streams, and over 26 lakes that are home to the Apache Trout. Be our guest and experience Trophy Bull Elk hunting, prize fishing and camping, or one of the finest ski destinations at Sunrise Ski Park! Visit us year-round within the four seasons.
The White Mountain Apache Tribe continues to celebrate its culture, language, and songs and dances. The mountains, rivers, and pristine rivers offer an ideal vacation for anyone looking to relax and get away from it all.”
Gwendena Lee-Gatewood, Tribal Chairwoman
Our home is very unique. It starts at about 2,600’ above sea level on our southwest side of the reservation, and ranges all the way up to 11,400’ on the peak of Mt. Baldy on our eastern border next to our most sacred mountain, providing year-round recreational activities. Some of those activities include: hiking, mountain biking, cross-country skiing, downhill skiing, snowboarding, ice-fishing, hunting, gaming, sight-seeing, Trophy Elk hunting, camping, fly fishing, and much more!
Our ancestors have been known since time immemorial for being resilient and having the will to survive in tough circumstances. In the face of many challenges, our fore fathers from long ago gave us these bloodlines that still remain today. The Tribal member of today has the ability to adapt and survive in the 21st century. With strong family values we embrace our past and look forward to future challenges together.
Scottsdale, Arizona 348 contributions 103 helpful votes Very nice small informative nature center in White Mountains Friendly helpful docents and a variety of shortish trails. The casino (which has a hotel as well). I'd rate the White Mountain Apache Reservation as having some of the most beautiful country and best camping in Arizona. We stayed at the Upper Log Campground over Memorial Day and found it clean, quiet and very beautiful. A tribal police officer in Arizona was shot and killed while responding to reports of “shots fired” near a casino early Monday, authorities said. White Mountain Apache Police officer David. Hon-Dah Casino has the answer, and is located high up in the pines. With a fully functional Hotel and Conference Center, along with an arcade and a year round swimming pool, it is a great place to start. Then off to Sunrise Park Ski Resort, which turns into a powdery paradise in the winter. White Mountain Cabin Rentals now offers vacation rentals in Show Low, Heber-Overgaard, and Pinetop, Arizona. White Mountain Cabin Rentals serving Show Low, Pinetop, and Heber-Overgaard! White Mountain Cabin Rentals has been created to help advertise beautiful vacation cabins by owner throughout the White Mountain of Arizona.
White Mountains Az City
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White Mountain Az News
The White Mountain Apache Tribe is known for its world class Trophy Bull Elk hunting, drawing in hunters from all over the world, to get a chance at a world class Trophy Bull Elk and the hunt of a lifetime. The pristine waters found in the White Mountain Apache homelands is an ideal habitat for fishing for the world’s only specie of Apache Trout. We welcome visitors to camp and enjoy any of our hundreds of camp sites in our Creators outdoors.
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