How do you account for a gambling license in the financial statements?
148317
If it is an annual fee, then expense it. If it is longer than one year then capitalize it as an intangible asset.
371640
Try ladbrokes.com\nIt's a british betting agency.
153041
Go to a company's website and look for their financial statement.  All companies have a link to their financials for their investors.
1093800
Assuming that you have your house in order in regards to the legalities of selling this product on the internet, pretty much any merchant processor can provide these services. Be sure to pick one that is an experienced e-commerce processor.\n\nSetting up such an account is a multi-faceted process.\n\nFrom a technical standpoint, you will need to set up your website, shopping cart and gateway. Your chosen processor should be able to handle the gateway.\n\nChoosing a processor for this type of endeavor should be based on services offered and experience as well as on rates and fees. You will not receive the commonly advertised rates for these types of transactions when you sell on the internet as these fees (1.8% and below) are only valid for transactions when the customer is present and the card is swiped. Most reputable processors offer very similar rates and the choice has more to do with finding a processor who can support your specific needs.\n\nLastly, expect to share personal financial info. If you were to go belly up or otherwise not deliver product that has been paid for, your processor is on the hook to pay back your customers. Your SS# and some financial info will be requested to assure that you are not a risky proposition. Be careful about who you are dealing with when you share this info.\n\nIf you would like more information, feel free to contact me at jbordeaux@windriverfinancial.com or call me at (920)993-9433. I will be able to help you sort through setting this type of an account up and point you in the right direction.\n\nAdditional Info:\n\nYou should be able to get a merchant account if you are selling this product legally and taxing when necessary.\n\nHere is a copy of our company's restricted merchant list. It is very similar to others:\n\n\nA. Products\n   1. Pornographic/adult material\n   2. Real estate sales/Time share condo sales\n   3. Non-retail computer software*\n   4. Lotteries\n    \nB. Services\n   1. Bail bond services\n   2. Check cashing establishments\n   3. Collection agencies\n   4. Companion or escort services\n   5. Gambling establishments*\n   6. Travel agencies*\n  \nC. Methods of Sales\n   1. Door-to-door\n   2. Pyramid distribution\n   3. Outbound telemarketers*\n\n*Indicates a prospective merchant account that can be reviewed on an exception basis.
293589
Normally and the most simplest way (I think) would be to debit value received and credit value given up.  For example, if you buy office furnitures for your business and pay it in cash, the entry would be\n\ndr.  Office furnitures\ncr.  Cash\n\nbecause you received the furnitures and you gave up cash.
679486
Take your ticket to collect your winnings.\n\nOr, if you want to work it out yourself - take price and multiply by stake e.g. a £2.00 stake on a 4/1 winner would give you £10.00 return (£8.00 win + your £2.00 stake back)
148775
Gambling industry estimated $1 billion total was wagered LEGALLY. Who knows what went down ILLEGALLY (some estimate another $5 billion).
255659
Well the obvious risk is losing your money.  Thats why it's called gambling.  Now consequences depend on what you are gambling/betting on.  If it is in a legal casino, animal race tracks or the lottery, the only consequence for it is winning, losing, or possibly becoming addicted.  If it is under the table type/illegal gambling, consequences depend on money involved, type of activity, and so on....it really depends on situation and circumstances.
837100
No way, but what you are talking about doing is essentially gambling on someone's death. You might be able to get a british bookmaker to give you odds on that, so long as the person was not on death's door.
373822
Generally, the laws change when money becomes involved. For example, it may be perfectly legal to play poker for M&Ms while requiring license to play for cash. \n\nCheck your local county and state laws for the definition of "gambling" and ask whatever department issues the license (or ask an attorney) what is and is not allowed under that license, versus does not require a license.\n\nAll of this, of course, is completely unrelated to what your local club rules allow. A private organization can allow anything that is legal, or restrict things even further. If you club decides that it won't allow use of dice at it's meetings, that's up to your club.
798084
A good place to start is the link below - I will try and explain it using a 2-horse example.\n\nSuppose you have 2 horses in a race, and the best (fixed) odds you can find for these horses are $2 and $2.50 respectively.\n\nFirstly we get the inverse of both odds.\n\nSo:\n1 / 2 = 0.5\n1 / 2.5 = 0.4\n\nNext we take the sum of these inverses:\n\n0.5 + 0.4 = 0.9 - call this number "s".  If "s" is less than 1, then there is an opportunity to lock in a guaranteed profit\n\nTo work out how much of your balance you should bet on each horse, take the inverse of the odds for a particular horse, and divide it by "s".\n\nSo for the first horse, the amount of your bank you should bet is:\n\n0.5 / 0.9 = 0.555555, or 55.5556%\n\nAnd for the second horse the amount is:\n\n0.4 / 0.9 = 0.444444 or 44.44444%\n\nSo if you had $100 to wager on this race, you would put $55.56 on horse 1 (the horse with odds of $2), and $44.44 on horse 2 (the horse with odds of $2.50.\n\nNo matter which horse won, you would be guaranteed a return of $111.11, so a profit on your $100 bet of $11.11\n\nThis works no matter how many horses are in a race - just expand the calculations to include all the horses, and make sure that "s" is less than 1.\n\nHope this helped.\n\nAlso, have a read of the link provided.
721324
Same as any other resume, basic details, age etc. followed by education details, qualifications, previous jobs (which should include a lot of casino work).\nWhy you left previous jobs, and why you think the company you are applying to for a job is so wonderful.\nJust the usual bumf really! Good luck in your quest.
777023
In most states, being a bookie is illegal.  I've known people that own a bar that take bets, write your name and bet down and if you win they (the  bookie) has to pay you what the horse pays.  However. if the person who bets loses then you (the bookie) get to keep the money.  It's too much paper work and very confusing.
41676
I think you meant to ask why, not what.\n\nSo firstly, it is not actually required in all states, just those that have a prohibition against gambling, but most products don't differenciate if they are on sale everywhere.\n\nSo if a consumer had to pay to enter the competition (i.e. buy the product in question) it is then understood to be gambling by law, and in many states illegal. However, if a person can enter the competition without paying, i.e. no purchase, then it is not considered to be gambling and so legal.
377242
Seriously, post the case details.  In general, though, you reiterate what was in the case for the strategic parts of it, such as why it was a good/bad idea to do XYZ.  For the financial parts of them (if it's a finance case), just open up Excel and map out the cash flows, income statement, balance sheet and whatever else you might need.  Calculate as necessary.
944111
G'day Deeky Ward,\n\nThank you for your question.\n\nThere probably are professional gamblers with systems that work. However, they are keeping their secrets to themselves. Once people work out the system, the odds on the particular horses selected by the system fall and it isn't as lucrative.\n\nBe very careful of buying systems off people who sell them. Either they don't work as advertised or the more people who buy them, the lower the odds.\n\nHave a flutter if you wish but it is unlikely that you will make a fortune from horse racing or other forms of gambling.\n\nRegards
395358
If you really do have big winnings - as in life-changing - then you should have a lawyer and a financial advisor.  They will tell you where to pay taxes.\n\nI can't see why it would be hard to figure this out, though.