MicheleW
Rock Star
Silver Level
LOVE this!! Thanks ... I'll be sharin' ...
LOVE this!! Thanks ... I'll be sharin' ...
the Styb
Rock Star
Silver Level
I Guarantee It! Dept:
Dwan & Galfond's guarantees are awesome and I hate to disparage the effort, but how many people will that take care of?
What The Puck? Dept:
NHL's claim "most are american and are playing in the offshore sites which ther not suppossed to be allowed to play in for cash" is simply wrong. It never has been and is not now illegal to play online poker, only for poker sites and US banks to transfer funds.
Mega-Balls Dept:
Of course the US allows the Lottery! At a 25% tax rate wouldn't you? As for "The Lottery" being a monopoly or anti-trust issue, sorry, there are two: Powerball and Mega-Millions. See! Not a monopoly at all!!
Conspiracy Theory Dept:
Wynn's and other B&M casinos have already spent some time with the Big Three designing online gaming portals. Any thoughts on how far along those now-cancelled portals were on Black Friday? What's to stop Wynn's from using what P-Stars designed for them when online gaming eventually gets Federal backing? "Well, we do have this old software lying around, I suppose we could have it up and running yesterday…"
Ask Mr Knowitall Dept:
NascarFanSS asks: "what is the latest on UB / Absolute Poker?"
Answer: They still suck! Aside from that, PND reports today that AB/UB parent company Cereus, who had defiantly taken a business-as-usual stance for US players since Black Friday, folded like a pro holding 9c/2d on Monday.
Insufficient Funds Dept:
For those of you thinking of cashing your last payout checks, you may want to think twice. The FBI seized 76 bank accounts in 14 countries over the weekend, so chances of anything clearing are slim to don't effing count on it. By the time this is all resolved that check will be out-of-date but hold on to it because you'll probably need to return it to get a new one issued. I'm not sure the shelf life of a check these days, maybe three months? Best advice is to go to your bank and speak to a manager and explain the situation. They might be able to offer some advice.
The UIGEA Board by M Styborski, on Flickr
Dwan & Galfond's guarantees are awesome and I hate to disparage the effort, but how many people will that take care of?
What The Puck? Dept:
NHL's claim "most are american and are playing in the offshore sites which ther not suppossed to be allowed to play in for cash" is simply wrong. It never has been and is not now illegal to play online poker, only for poker sites and US banks to transfer funds.
Mega-Balls Dept:
Of course the US allows the Lottery! At a 25% tax rate wouldn't you? As for "The Lottery" being a monopoly or anti-trust issue, sorry, there are two: Powerball and Mega-Millions. See! Not a monopoly at all!!
Conspiracy Theory Dept:
Wynn's and other B&M casinos have already spent some time with the Big Three designing online gaming portals. Any thoughts on how far along those now-cancelled portals were on Black Friday? What's to stop Wynn's from using what P-Stars designed for them when online gaming eventually gets Federal backing? "Well, we do have this old software lying around, I suppose we could have it up and running yesterday…"
Ask Mr Knowitall Dept:
NascarFanSS asks: "what is the latest on UB / Absolute Poker?"
Answer: They still suck! Aside from that, PND reports today that AB/UB parent company Cereus, who had defiantly taken a business-as-usual stance for US players since Black Friday, folded like a pro holding 9c/2d on Monday.
Insufficient Funds Dept:
For those of you thinking of cashing your last payout checks, you may want to think twice. The FBI seized 76 bank accounts in 14 countries over the weekend, so chances of anything clearing are slim to don't effing count on it. By the time this is all resolved that check will be out-of-date but hold on to it because you'll probably need to return it to get a new one issued. I'm not sure the shelf life of a check these days, maybe three months? Best advice is to go to your bank and speak to a manager and explain the situation. They might be able to offer some advice.
The UIGEA Board by M Styborski, on Flickr
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P
PokerHottie
Rising Star
Bronze Level
1 - Conspiracy to Violate Unlawful Internet gambling Enforcement Act (UIGIEA)
2 - Violation of Unlawful Internet Gambling Enforcement Act (UIGIEA)
3 - Operation of Illegal Gambling Business
4 - Conspiracy to Commit Wire Fraud and Bank Fraud
5 - Money Laundering Conspiracy __________________
We could have been wiser!!!
2 - Violation of Unlawful Internet Gambling Enforcement Act (UIGIEA)
3 - Operation of Illegal Gambling Business
4 - Conspiracy to Commit Wire Fraud and Bank Fraud
5 - Money Laundering Conspiracy __________________
We could have been wiser!!!
Poker Orifice
FoolsTilt
Platinum Level
I've heard that UB is now no longer processing any withdrawl/payments 'WorldWide'. (& support wasn't clear when this would change... only saying "not until there's some sort of resolution with the current US situation"). Seems you can still 'deposit' on there but last night there were no payouts. Not sure if things have changed today (kinda doubt it).
I donked off the last of my UB roll this past week in MiniUBOC & some priv. donkaments (was actually bummed I ran bad in the priv. donkaments, lol). Lobby has changed there since the weekend, what used to be a significant number of games in the 'Tourneys' > 'special' section, now only has 3 of them listed there. All others have pulled out.
Diff. topic, recognized a handful of HSMTT regs. playing on Fulltilt last night,... formerly "US" residents & now sportin' a new country (have seen canada, mexico & UK listed for former 'US' players). Didn't see very many of them & the ones I did recognize were all HSMTT with significant wins & high volume played.
the Styb
Rock Star
Silver Level
Cover Your Own Ace Dept:
Victory Poker, a member of the Cake network, has transferred all US players directly to Cake and asked that the Cake network to block US players from the Victory site.
Wonder who's next in the DOJ's sights…
Cover Your Own Ace II Dept:
Today, payment processor Chad Elie pled not guilty in Manhattan. The Absolute Poker reprts, “At one point during Elie’s 10-minute court appearance, [Elie’s attorney William Cowden] handed a prosecutor a small box containing what he said was a 500 gigabyte hard drive."
Whoa! Handing evidence over during your plea!! I wonder how many hundred dollar bills you can fit into a 500-gig hard drive shell…
World's Most Unfortunate Name Dept:
Last December: Anurag Dikshit, co-founder of PartyGaming, the parent company of partypoker, will fork over $300 million to U.S. authorities and plead guilty to a charge “relating to illegal web betting,” according to a report published on the Financial Times website late Monday night.
Dude… you had 300 million dollars!! It only costs about $75 for a legal name change…
Victory Poker, a member of the Cake network, has transferred all US players directly to Cake and asked that the Cake network to block US players from the Victory site.
Wonder who's next in the DOJ's sights…
Cover Your Own Ace II Dept:
Today, payment processor Chad Elie pled not guilty in Manhattan. The Absolute Poker reprts, “At one point during Elie’s 10-minute court appearance, [Elie’s attorney William Cowden] handed a prosecutor a small box containing what he said was a 500 gigabyte hard drive."
Whoa! Handing evidence over during your plea!! I wonder how many hundred dollar bills you can fit into a 500-gig hard drive shell…
World's Most Unfortunate Name Dept:
Last December: Anurag Dikshit, co-founder of PartyGaming, the parent company of partypoker, will fork over $300 million to U.S. authorities and plead guilty to a charge “relating to illegal web betting,” according to a report published on the Financial Times website late Monday night.
Dude… you had 300 million dollars!! It only costs about $75 for a legal name change…
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DetroitJimmy
Legend
Silver Level
dmorris68
Legend
Loyaler
Here in the US, it's on both, unfortunately. Although if you have a stellar relationship with your bank and enough funds to cover the reversal, you can probably get the fee waived.
DetroitJimmy
Legend
Silver Level
True. I actually signed up with program through my bank where I pay monthly fee that covers NSF or returned checks up to a certain $ amount. This way when I have issues I don't have to pay all these unexpected fees. The way I am at balancing my checkbook this works out very well for me.
the Styb
Rock Star
Silver Level
Damage Control Dept:
Andy Bloch registered in the Razz freeroll starting in 25m on Tilt. When was the last time a FT Pro hung out with the chumps?
UPDATE: Paul Wolfe has joined the game! It the most FTP's on a freeroll table EVER!
UPDATE: Lee Watkinson is in it now!
Andy Bloch registered in the Razz freeroll starting in 25m on Tilt. When was the last time a FT Pro hung out with the chumps?
UPDATE: Paul Wolfe has joined the game! It the most FTP's on a freeroll table EVER!
UPDATE: Lee Watkinson is in it now!
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D
Drivembig
Rising Star
Silver Level
There is actually a bill in congress that would regulate internet gambling. There isn't any law against internet gambling only a law on processing payments to U.S. residents concerning internet gambling. This is how the sites got into trouble.
This is why the sites had to trick or bribe the U.S. banks. To get us our money. The new bill in congress that was submitted in Feb of 2011 would let a site obtain a permit and would have to abide by the same rules that a casino in the U.S. has to. It would be regulated by the gaming commission and any winnings over $1500.00 would have to have a W1099 issued to the winner.
Therefore the winner would have to file the winnings on their taxes and the government would get their share....which is the only thing they are concerned about. They don't care about us, only money.
Which I don't care anyway. I have come to terms with the fact that our government wants a part of any money that we can make. Any way that we can make it. So, I don't really care if they tax me on my winnings. Just let me play.
I have a couple of friends that have won 30,000 plus at one time on FTP and got paid with no problem. Both of them paid taxes on it so they wouldn't get into trouble. Our government would get them for tax evasion if they found out. Like I said their all about the money.
Anyway, thanks for letting me rant. Just give me my poker back....lol
This is why the sites had to trick or bribe the U.S. banks. To get us our money. The new bill in congress that was submitted in Feb of 2011 would let a site obtain a permit and would have to abide by the same rules that a casino in the U.S. has to. It would be regulated by the gaming commission and any winnings over $1500.00 would have to have a W1099 issued to the winner.
Therefore the winner would have to file the winnings on their taxes and the government would get their share....which is the only thing they are concerned about. They don't care about us, only money.
Which I don't care anyway. I have come to terms with the fact that our government wants a part of any money that we can make. Any way that we can make it. So, I don't really care if they tax me on my winnings. Just let me play.
I have a couple of friends that have won 30,000 plus at one time on FTP and got paid with no problem. Both of them paid taxes on it so they wouldn't get into trouble. Our government would get them for tax evasion if they found out. Like I said their all about the money.
Anyway, thanks for letting me rant. Just give me my poker back....lol
OzExorcist
Broomcorn's uncle
Bronze Level
Sorry, thought your questions were rhetorical.
N
ncscout
Enthusiast
Silver Level
I am not a pro or even close. I play because I enjoy the competition and the occasional payout. The Government can say what they want but in my opinion the bottom line is that they want their cut. Years ago they set it up at live gambling places like the horse tracks so they got their money when you won. They actually have irs windows at the track if you win. Now they want their cut of online poker. What is next? If you sell something on E_Bay will they want their cut? Eventually they will have their hand in every money transaction on the net.
dingo_khan
Rising Star
Bronze Level
dingo_khan
Rising Star
Bronze Level
All of my pokerstars checks came back 'Royal Bank of Quebec', or something to that effect. If I give someone in Costa Rica cash via Western Union, and my withdrawal check (always a smooth process, 5 checks = 9 days exactly, every single one of them) comes from a legit foreign bank, where's the fraud? The banks were frauded? I don't believe any players were. Did the larger withdrawal checks have the 'shell' company names on them? I wondered if they just went through foreign banks that the Big 3 could have avoided the situation that they are in now.
Pothole
Legend
Silver Level
All this is down to GREED. F'all to do with money laundering or online poker. The US Gov want's their cut, even though they are not morally entitled to it.
Eg. I work and pay tax on my income, you work and pay tax on your income. We both sit at a HU tabl on PS, I stake 50 of my after tax dollars and you do the same. You win and they tax you again on the $50 you won @ 30%, (or at your marginal tax rate if you are a pro). Assume the top rate of tax is ?, you just paid tax twice on the same money. Maybe if you stopped shaggin around in other countries affairs, you wouldn't need to do this?
Eg. I work and pay tax on my income, you work and pay tax on your income. We both sit at a HU tabl on PS, I stake 50 of my after tax dollars and you do the same. You win and they tax you again on the $50 you won @ 30%, (or at your marginal tax rate if you are a pro). Assume the top rate of tax is ?, you just paid tax twice on the same money. Maybe if you stopped shaggin around in other countries affairs, you wouldn't need to do this?
Pothole
Legend
Silver Level
Neither are PS, mine is still "pending" after the quoted 72 hrs I was informed it would take.
V
vagas35
Rock Star
Silver Level
I made a withdrawal request on sunday, just checked my account this morning thats the cashout in the bank, so seems okay for uk players.
Pascal-lf
Legend
Silver Level
The way payment processing went was Full Tilt would hire payment processors, usually one man bands, and pass on your payout details to them. They'd then write checks. However, in order to ensure that the banks processed said checks, they wouldn't give a company name of full tilt poker but something like "Mum's Flowers" or "Shoes R Us". After a while the bank would realise what the money was actually for and shut the payment processor down, but FTP would replace them with a new one, etc.
EDIT: Withdrew small amount of money from Stars on 16th, still pending on 20th. However request was rejected a couple of weeks ago because it was mainly from a transfer, although I did play a session since then.
Poof
Made in the USA
Silver Level
I don't know how much it matters but the PPA send a link on Facebook that Obama is holding a facebook town hall meeting today 4:45 est.
http://www.facebook.com/WhiteHouse?sk=app_190322544333196
http://www.facebook.com/WhiteHouse?sk=app_190322544333196
BelgoSuisse
Legend
Silver Level
Of course they are entitled to it.
There's no such thing as "after tax dollars". Taxes are typically perceived on all economic activities, and obviously the same dollars are taxed over and over again while they travel through they economy. While at the same time tax dollars are not stacked in some government warehouse but recycled more or less immediately into the economy as the government spends it.
There's no intrinsic reason why poker should not be considered as an economic activity, at least as soon as rake is perceived. With rake you pay the poker room for a service and that's very obviously an economic transaction that can/should be taxed like any other economic transaction. You can argue about the proper tax rate that should be applied, but saying that that rate should obviously be zero is absolutely groundless.
Charade You Are
you can call me Frost
Silver Level
It's not just the Government. Look at the law that will legalize internet gambling. It's not about poker it's about the B&M casinos getting their casinos online and getting the big poker sites out. There is NO guarantee that poker will be offered (although in reality I think it will be-at least by some).
What we needed a long time ago was an exemption from the UIGEA for poker. While that seems to be a dead issue now, I still would like to see poker separate. Even with the new law being proposed states can opt out. Course it's easier to move to the next state, rather than the next country.
Ironic that we may end up being the catalyst to legalize all online gambling and gone will be the pure poker sites and we'll have to look at their gaudy, over the top web pages and all the flashing lights to lure you into playing slots, roulette and all the other mindlesss games that will steal your money.
Those that tend to have a gambling addiction will have to be exposed to the REAL gambling world, where the house has all the odds.
What we needed a long time ago was an exemption from the UIGEA for poker. While that seems to be a dead issue now, I still would like to see poker separate. Even with the new law being proposed states can opt out. Course it's easier to move to the next state, rather than the next country.
Ironic that we may end up being the catalyst to legalize all online gambling and gone will be the pure poker sites and we'll have to look at their gaudy, over the top web pages and all the flashing lights to lure you into playing slots, roulette and all the other mindlesss games that will steal your money.
Those that tend to have a gambling addiction will have to be exposed to the REAL gambling world, where the house has all the odds.