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relaedgc
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« Reply #135 on: November 04, 2014, 01:43:07 PM » |
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It'd help if Stars didn't keep telling me they are having to rake rebuys in future due to the new legislation when I know they are taxed on profits and not the amount being wagered. They say they are bringing the currency conversion charges in to bring themselves into line with other firms in the industry but do so by refusing to tell anyone. They strongly hint that the vip programme is going to be significantly reduced whilst telling us they offer the cheapest poker on the net. I'd honestly have more respect if they recorded Negreanu with a swag bag giving the finger instead of posts like this: http://forumserver.twoplustwo.com/showpost.php?p=45091975&postcount=1He is actually saying a company with a 38% profit margin has to increase its prices in order to grow poker further. They said when Amaya took over that no immediate major changes would be occurring, and then wonder why there is an outcry from a chunk of their long term customers. Just saw Rupert managing to get Negreanu on side https://twitter.com/RealKidPoker/status/528678718622167040If they can prove me wrong I'll be happier than anyone. I particularly don't like being lied to. And even the biggest punter in the world is going to notice the 51$ hyper changing to 52.5$ and the 21 super ko going to 22. A tiny % of players consciously try to lose. A lot of guys on this forum who used to play online poker don't know because they don't feel like winners. Increasing rake won't change that. I haven't paid much attention to the laws pertaining to online gambling - but on the basis that there's a stars.uk then taxation will apply. It's definitely not a tax on your profits, though. It's a tax on your revenue (At least that's how they tax live casinos) |
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"He who fights with monsters should look to it that he himself does not become a monster...when you gaze long into the abyss the abyss also gazes into you..."
Friedrich Nietzsche
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doubleup
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« Reply #136 on: November 04, 2014, 04:31:48 PM » |
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It'd help if Stars didn't keep telling me they are having to rake rebuys in future due to the new legislation when I know they are taxed on profits and not the amount being wagered. They say they are bringing the currency conversion charges in to bring themselves into line with other firms in the industry but do so by refusing to tell anyone. They strongly hint that the vip programme is going to be significantly reduced whilst telling us they offer the cheapest poker on the net. I'd honestly have more respect if they recorded Negreanu with a swag bag giving the finger instead of posts like this: http://forumserver.twoplustwo.com/showpost.php?p=45091975&postcount=1He is actually saying a company with a 38% profit margin has to increase its prices in order to grow poker further. They said when Amaya took over that no immediate major changes would be occurring, and then wonder why there is an outcry from a chunk of their long term customers. Just saw Rupert managing to get Negreanu on side https://twitter.com/RealKidPoker/status/528678718622167040If they can prove me wrong I'll be happier than anyone. I particularly don't like being lied to. And even the biggest punter in the world is going to notice the 51$ hyper changing to 52.5$ and the 21 super ko going to 22. A tiny % of players consciously try to lose. A lot of guys on this forum who used to play online poker don't know because they don't feel like winners. Increasing rake won't change that. I haven't paid much attention to the laws pertaining to online gambling - but on the basis that there's a stars.uk then taxation will apply. It's definitely not a tax on your profits, though. It's a tax on your revenue (At least that's how they tax live casinos) Stop being pedantic - adding rake to rebuys is simply a way of increasing profits and has nothing whatsoever to do with the new tax. (Other than the obvious increasing gross rake and consequently increasing tax paid.) |
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Rupert
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« Reply #137 on: November 04, 2014, 05:10:34 PM » |
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It'd help if Stars didn't keep telling me they are having to rake rebuys in future due to the new legislation when I know they are taxed on profits and not the amount being wagered. They say they are bringing the currency conversion charges in to bring themselves into line with other firms in the industry but do so by refusing to tell anyone. They strongly hint that the vip programme is going to be significantly reduced whilst telling us they offer the cheapest poker on the net. I'd honestly have more respect if they recorded Negreanu with a swag bag giving the finger instead of posts like this: http://forumserver.twoplustwo.com/showpost.php?p=45091975&postcount=1He is actually saying a company with a 38% profit margin has to increase its prices in order to grow poker further. They said when Amaya took over that no immediate major changes would be occurring, and then wonder why there is an outcry from a chunk of their long term customers. Just saw Rupert managing to get Negreanu on side https://twitter.com/RealKidPoker/status/528678718622167040If they can prove me wrong I'll be happier than anyone. I particularly don't like being lied to. And even the biggest punter in the world is going to notice the 51$ hyper changing to 52.5$ and the 21 super ko going to 22. A tiny % of players consciously try to lose. A lot of guys on this forum who used to play online poker don't know because they don't feel like winners. Increasing rake won't change that. I haven't paid much attention to the laws pertaining to online gambling - but on the basis that there's a stars.uk then taxation will apply. It's definitely not a tax on your profits, though. It's a tax on your revenue (At least that's how they tax live casinos) I'm pretty sure it is on the companies profits but not 100%. |
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doubleup
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« Reply #138 on: November 04, 2014, 05:39:57 PM » |
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For online poker sites it is gaming revenue i.e. rake less rewards (vip rakeback bonuses)
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Rexas
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« Reply #139 on: November 04, 2014, 05:44:51 PM » |
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What I really want to know is whether this will affect the dtd pennyrolls. If they become 2p rolls, shit will kick off.
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humour is very much encouraged, however theres humour and theres not.
I disrepectfully agree with Matt  |
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HutchGF
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« Reply #140 on: November 04, 2014, 06:25:35 PM » |
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What I really want to know is whether this will affect the dtd pennyrolls. If they become 2p rolls, shit will kick off.
Wins thread. |
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MC
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« Reply #141 on: November 04, 2014, 10:13:33 PM » |
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verndog158
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« Reply #142 on: November 04, 2014, 10:27:56 PM » |
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What I really want to know is whether this will affect the dtd pennyrolls. If they become 2p rolls, shit will kick off.
i think he should win a book for that |
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ignore verndog he's a fool
'he had a deep run in EPT Barnsley' |
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SuuPRlim
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« Reply #143 on: November 05, 2014, 08:51:57 AM » |
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Let's use Brammer as an example, suppose he plays 1/2 the 100r's in a year, that's 182 and lets say on average he has 2.5 additional buyins (probably on the low side given he will almost always buy in double and add-on) then that is just over $4,000 p/year he now pays to play the 100r.
Lets assume a 20% ROI for him in that comp with his av 3.5x buyin, as he's the best - thats a yearlyprofit from the 100r of $13,000.
So a little under a third of his yearly 100r profit is now gg'd. Effectively taking his ROI to ~15% - I'm sure this move will have made it a -EV tournament for several regs. There's a chance that the quality of the field does increase but it probably will at the detriment of the prizepool.
Does seem like a fairly obvious money grab this one, whereas all other increases I'm sure would be justifiable in some manner this one seems tough to do so.
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AlunB
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« Reply #144 on: November 05, 2014, 09:44:13 AM » |
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It'd help if Stars didn't keep telling me they are having to rake rebuys in future due to the new legislation when I know they are taxed on profits and not the amount being wagered. They say they are bringing the currency conversion charges in to bring themselves into line with other firms in the industry but do so by refusing to tell anyone. They strongly hint that the vip programme is going to be significantly reduced whilst telling us they offer the cheapest poker on the net. I'd honestly have more respect if they recorded Negreanu with a swag bag giving the finger instead of posts like this: http://forumserver.twoplustwo.com/showpost.php?p=45091975&postcount=1He is actually saying a company with a 38% profit margin has to increase its prices in order to grow poker further. They said when Amaya took over that no immediate major changes would be occurring, and then wonder why there is an outcry from a chunk of their long term customers. Just saw Rupert managing to get Negreanu on side https://twitter.com/RealKidPoker/status/528678718622167040If they can prove me wrong I'll be happier than anyone. I particularly don't like being lied to. And even the biggest punter in the world is going to notice the 51$ hyper changing to 52.5$ and the 21 super ko going to 22. A tiny % of players consciously try to lose. A lot of guys on this forum who used to play online poker don't know because they don't feel like winners. Increasing rake won't change that. I haven't paid much attention to the laws pertaining to online gambling - but on the basis that there's a stars.uk then taxation will apply. It's definitely not a tax on your profits, though. It's a tax on your revenue (At least that's how they tax live casinos) I'm pretty sure it is on the companies profits but not 100%. It varies massively by country, but in the UK it's on revenue. Confusingly it's historically been called a Gross Profits Tax, but that translates to net revenue (not actually sure if it's before or after bonuses with poker). In other words stakes - winnings = gross profits |
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AlunB
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« Reply #145 on: November 05, 2014, 09:49:43 AM » |
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Found a link for you https://www.gov.uk/remote-gaming-dutyRate RGD is charged at 15% of your profits. Your profits are the amounts due to you as stakes or for use of facilities you provide for remote gaming, less amounts paid out as winnings. |
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teddybloat
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« Reply #146 on: November 05, 2014, 05:29:06 PM » |
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stars just stopped offering real money games to uk players.
deary me...
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DMorgan
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« Reply #147 on: November 06, 2014, 12:56:33 AM » |
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stars just stopped offering real money games to uk players.
deary me...
Was a glitch, all back now |
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doubleup
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« Reply #148 on: November 06, 2014, 03:38:04 PM » |
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Found a link for you https://www.gov.uk/remote-gaming-dutyRate RGD is charged at 15% of your profits. Your profits are the amounts due to you as stakes or for use of facilities you provide for remote gaming, less amounts paid out as winnings. For online poker sites it is gaming revenue i.e. rake less rewards (vip rakeback bonuses)
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AlunB
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« Reply #149 on: November 06, 2014, 06:16:56 PM » |
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Found a link for you https://www.gov.uk/remote-gaming-dutyRate RGD is charged at 15% of your profits. Your profits are the amounts due to you as stakes or for use of facilities you provide for remote gaming, less amounts paid out as winnings. For online poker sites it is gaming revenue i.e. rake less rewards (vip rakeback bonuses)
Yeah I saw your post after I had posted. Too lazy to edit |
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