A friend is thinking of filing for bankruptcy, primarily due to credit card debt plus some casino markers. He was told that most debt can be erased by bankruptcy, but not debt owed to casinos. Is that correct?

When a casino is placed for sale, how do they determine the value of it? Do they go by cash flow or land value or what? If its cash flow why would somebody like MGM consider selling something that brings in money and helps pay the bills?

Tax time is rapidly approaching. Do I need to claim gift cards, free credits, or mailers offering cash or free play as income?

Our daughter just got accepted to attending UNLV next year as a junior and she'll need to work at a job to help support herself. How much is the minimum wage in Nevada. We hear conflicting numbers, between $5-something and $6-something. Can you straighten us out?

In the Fast Track section of the January Advisor, there was a short blurb about a new controversy involving the IRS, the casinos, and the Culinary union. Can you explain the background of the tip-reporting deal that the blurb referred to? Thanks.

During this economic downturn, where could I find a list of all the publicly traded casinos that I could research and invest into?

If you hit a natural royal flush on a 100 play video poker machine, for tax purposes is that counted as 100 separate payouts that do not need to be reported, or is it one big payout that must be reported?

As a follow-up to the QOD of 8/26/08, I'm sure many couples play on one slot club card. Even though I have a Harrah's card in my name, I play on just my husband's card to maximize our credits/tier. If I hit a jackpot for more than $1,199 with his card in the machine, does it void the jackpot and am I in trouble?

In the blog "Stiffs & Georges" it talked about market caps for Wynn and MGM. What does this mean and what does it mean by saying Wynn could turn the tables on Kirk Kerkorian?

Would you please bring me up to date as to which casinos and hotels are owned by which corporations? And where can I locate those corporations’ stock exchange abbreviations?