New UK Legislation

[pleno1]

It's now going to be extremely hard to be a professional mtt player. Many will quit now or they will play on stars and not be able to win.

If you look at some of the top mtt players they haven't been able to win on pokerstara for years. I assume they have made money on the other sites. Playing only pokerstars mtt fields will see many people go broke, at least with the French sites it was a little lower variance.

Even on Sundays for example people schedules are going to be way less.

Let's say a hsmtt guy plays

.fr

250 6m
100 nos
300 he
100 nost
50 wu

Party

500
215
100

Winamax

100
100
100
300
50

1450 euros + 800 dollars

With series as well were looking at perhaps 2500 dollars/Sunday

If they have 30% roi it means they will lose 800 every Sunday. This would be around $30,000 a year just from Sundays.

Let's say they lose 400 on a week day and play 2 week days (lazy grinders ftw) that's an extra $30k a year

So these changes for a hsmtt guy will lose them around $60k a year plus a lot of opportunity cost and helping with variance.

[Ant040689]

Mass migration to Ireland on the cards for UK poker pros?

[Doobs]

is Party going too?  I was thinking maybe I'd give that a go.  I haven't heard anything from Full Tilt either.

I looked at my screen last night, I had 11 tables up, 8 were on the French sites.  All I had on Stars was a $100 game and a couple of small ones.  I probably had near 1K Euros of buyins on the French sites.

No hope for a triple crown now either.

[pleno1]

i guess people can jointly buy property abroad and use that as their main address on stars and then still access all of the other sites just fine and play on .com instead of .uk

[Ant040689]

is Party going too?  I was thinking maybe I'd give that a go.  I haven't heard anything from Full Tilt either.

I looked at my screen last night, I had 11 tables up, 8 were on the French sites.  All I had on Stars was a $100 game and a couple of small ones.  I probably had near 1K Euros of buyins on the French sites.

No hope for a triple crown now either.

Yeh more info on Party if anyone has it of them leaving please? Tried to find some myself and failed as i am a noob.

[Ant040689]

i guess people can jointly buy property abroad and use that as their main address on stars and then still access all of the other sites just fine and play on .com instead of .uk

I thought it is more on the ip address and where you are literally playing from in terms of rule breaking? So if i am in the UK i need to abide by those rules despite having property elsewhere?

[pleno1]

no im 99% sure its just where you're registered.

[cambridgealex]

So these changes affect players with UK passports / driving licenses, NOT players living in the UK? So where you live is irrelevant, it's your nationality?
Can someone confirm

[Doobs]

That can't be right, the email says players in the UK.  The law can only apply in the UK, the Government can't set the laws in Hungary or Spain, surely??

[Ant040689]

no im 99% sure its just where you're registered.

Isn't that easy enough to arrange for everyone though? What's stopping people getting PO boxes (or equivalent) in another country?

[DMorgan]

The UK regulations only apply to accounts registered in the UK

[doubleup]

There are two separate laws.  

The tax is from revenue generated in the UK and an account with a UK address is the relevant issue.  If you go on holiday and play as a UK player they will still pay tax on that play.  If someone from France comes over here for a live tourny and logs on to .fr, they won't look for tax from that.

The licensing requirement is aimed at sites operating in the UK market - they need a license.  They should block the .fr individual above, but if he slips through the net its unlikely that anyone will do anything on the UKGC side.  However, Stars has recently been very strict over use of vpns etc and total bankroll confiscation is an option if they think that premeditated subterfuge is being used to get round restrictions.

[doubleup]

no im 99% sure its just where you're registered.

Isn't that easy enough to arrange for everyone though? What's stopping people getting PO boxes (or equivalent) in another country?

You will need bank statements/utility bills.  And as I pointed out above - the uk address is for the tax, if you play from the uk the site has to have a uk license.

[RobS]

Don't think Party are going, was under impression they successfully applied for a licence?

The French sites obv a big loss, playing on stars.uk should be no different though assuming the cuts to rakeback aren't too drastic.

[DMorgan]

no im 99% sure its just where you're registered.

Isn't that easy enough to arrange for everyone though? What's stopping people getting PO boxes (or equivalent) in another country?

At the moment I believe its as easy as sending stars a photo of a lease for an overseas address with your name on it to change your location, thing is getting your stars account banned especially for MTT players is pretty much gg poker. In Europe where you're not more than a few hundred miles from somewhere you can play freely it doesn't really make any sense to play on .fr illegally from the UK