Gambling News by House of Odds

As Congress considers how to pay for health care reform and other critical programs, a Joint Committee on Taxation analysis released today by Rep. Jim McDermott found that regulating Internet gambling, as proposed in pending legislation introduced by Representatives Barney Frank and Jim McDermott , would generate nearly $42 billion over 10 years.

AS the son of the late Kerry Packer, James Packer knows a thing or two about the media. Similarly, as the architect of a global gambling company, he knows a thing or two about casinos.