income taxes – Gambling-History.com https://gambling-history.com History of Gambling in the U.S. Wed, 11 Mar 2026 17:31:47 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://gambling-history.com/wp-content/uploads/2021/01/cropped-Kings-Castle-Chip-32x32.png income taxes – Gambling-History.com https://gambling-history.com 32 32 Quick Fact – Accounting Shift https://gambling-history.com/quick-fact-accounting-shift/ https://gambling-history.com/quick-fact-accounting-shift/#comments Fri, 14 Jun 2019 14:11:59 +0000 https://gambling-history.com/?p=1523 1964

The Dunes in Las Vegas, Nevada switched from writing off unpaid IOUs to claiming them as income, allegedly to keep Internal Revenue Service agents from harassing its customers — asking guests in the hotel if they paid what they owed.

On its fiscal 1965 income tax return, the hotel-casino reported as income $1.3 million (about $7.2 million today) in markers it considered not collectable. 

Photo from the University of Nevada, Las Vegas’ University Libraries

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