R
RamdeeBen
Legend
Silver Level
Just logged into the pokerstars client and a message popped up saying as of 1st October the .com gaming site won't be available to UK players so got on goggle and found one news item about it.
At first I was bit worried but after reading it, it's just so pokerstars have to pay the 15% tax for operating. The same player pool will be the same, but the only real concern for me is because they are to abide to a 15% tax for the rake they charge, does this mean rake will be going up to compensate for their losses in taxs? I've got no idea how much or if they was paying taxes to the UK government prior to this. I just know UK players pay zero tax on gambling. If they didn't pay tax, or paid a smaller amount than the 15% I can't help but think rake is going to get bad.
The only real differences they state are going to be no auto rebuy in tournaments and auto top ups being available for cash game players. This I imagine will be quite bad for the cash game players playing multiple tables having to top up manually. This apparently is to comply with the law for British gambling.
Here is a link to the changes.
At first I was bit worried but after reading it, it's just so pokerstars have to pay the 15% tax for operating. The same player pool will be the same, but the only real concern for me is because they are to abide to a 15% tax for the rake they charge, does this mean rake will be going up to compensate for their losses in taxs? I've got no idea how much or if they was paying taxes to the UK government prior to this. I just know UK players pay zero tax on gambling. If they didn't pay tax, or paid a smaller amount than the 15% I can't help but think rake is going to get bad.
The only real differences they state are going to be no auto rebuy in tournaments and auto top ups being available for cash game players. This I imagine will be quite bad for the cash game players playing multiple tables having to top up manually. This apparently is to comply with the law for British gambling.
Here is a link to the changes.