NEW Tax on Poker for Casino's

[phatomch]

This could hit the Live poker scene alot due to the money the casino's make or lose on cardooms.

http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=483149&in_page_id=3&ito=1565

[boldie]

50%? WTF?

This will be the death of casino poker. Most casinos will already not be making that much, if anything, from poker (Which is why most casinos treat it with contempt) I wonder what DtD will do if this goes through.

A 50% tax is perverse.

[Bongo]

GG live poker, you had a good run.

http://petitions.number10.gov.uk/please-go/

[byronkincaid]

50%?Huh? WTF?

internet poker next?

[Jon MW]

It's quite frankly bonkers

With the unlicensed premises and particularly with the internet the casinos will either stop running it because they won't make any money, or they'll put the price up so people won't go because there are so many alternatives.

It makes you wonder exactly what sort of economists the Government consult with.

Possibly the more likely option is that it's just the civil servants and politicians who have come up with it, without bothering to work out the numbers.

[Bongo]

50%?Huh? WTF?

internet poker next?

Don't think that work very well, sites would just move to another eu country that didn't tax so much?

[phatomch]

i can see alot of the smaller regional cardrooms going under with this.

[boldie]

i can see alot of the smaller regional cardrooms going under with this.

Again, I can't see DtD survive with this...50% tax is nuts.

Bookies pay 15% gross tax on the profits and corperation tax but I am fairly sure that doesn't even amount to 50%.

[AndrewT]

It's bonkers, because the tax will never be collected.

Casinos will do the sums and simply can the poker and shift the staff and resources to the casino games, rather than try and run the poker to make a profit.

[phatomch]

It's bonkers, because the tax will never be collected.

Casinos will do the sums and simply can the poker and shift the staff and resources to the casino games, rather than try and run the poker to make a profit.

correct

[#1Instigator]

i really hope this does not affect DTD...otherwise they'll be war!

[phatomch]

of course it will affect them, they will have to pay 35% extra on all poker income. i am sure people can think of ways around it though, i can.

[Bongo]

It's bonkers, because the tax will never be collected.

Casinos will do the sums and simply can the poker and shift the staff and resources to the casino games, rather than try and run the poker to make a profit.

Maybe that's the point, stealth attack on gambling.

[Newmanseye]

GG live poker, you had a good run.

http://petitions.number10.gov.uk/please-go/

Thats not the correct pettition, We need one to stop the tax increase to 50% ! not the one to oust Gordon Brown, Even if he leaves the 50% tax will come in.

[DaveShoelace]

of course it will affect them, they will have to pay 35% extra on all poker income. i am sure people can think of ways around it though, i can.

I cant, what's your idea?