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(Washington Times)   Poker website pays $731 million fine to Department of Justice. Company officials remain expressionless   (washingtontimes.com ) divider line
    More: Followup, Justice Department, Poker Players Alliance, signing bonus, online gambling, Full Tilt Poker, trade groups, Absolute Poker, poker  
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1479 clicks; posted to Business » on 03 Aug 2012 at 9:32 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-03 06:21:42 PM  
1 vote:

Guelph35: Tarl3k: In theory this should allow online poker to start up again in America...please please please please...

This this this this, but unfortunately part of the deal is likely to be reporting US player winnings to the IRS.


Why not? It's income. That means you have to pay income taxes on it, just like you do when you get your paycheck. (You should also be able to write off any losses.)

However, laws properly legalizing on-line poker in the US have not passed and probably will not do so as long as the Republicans control the House.
2012-08-03 04:47:27 PM  
1 vote:

Magorn: Serious question: Who would EVER play poker for real money online?

How could you ever trust that you were being dealt the cards they claim? That one fo the other players wasn't planted by the online casino and given access to what cards you are holding?


Well, the theory is that the "House" makes its money off of the "rake". That is, in every pot, they take a percentage. But you are correct in that one can never be truly certain that any venture is free of skulduggery. As to your idea that someone in the employ of the casino has the "ghost" software, if they were ever caught, the resulting scandal would ruin the business. And hey, why ruin a good thing?
2012-08-03 11:31:23 AM  
1 vote:

Tarl3k: In theory this should allow online poker to start up again in America...please please please please...


Yes; that was basically the point -- that's why they paid up, rather than using the rest of their money to flee to some tropical beach and eat caviar off the chest of voluptuous courtesans. Now that the DOJ has done an about-face and decided that online betting is legal if done from a state that allows it, PokerStars desperately wants to restart operations in the US and get the gravy train running again; and they can't do that without buying off reaching an agreement with the DOJ first.
2012-08-03 11:27:52 AM  
1 vote:

Tarl3k: In theory this should allow online poker to start up again in America...please please please please...


This this this this, but unfortunately part of the deal is likely to be reporting US player winnings to the IRS.
 
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