A rally at the US Capital saw poker players asking their government to tax them. The poker players are hoping to convince the US government to legalize and regulate online poker. They are attempting to show that poker laws that support the online poker industry can be beneficial to the bottom line of running the country. As one sign carried by a poker player said, the general sentiment of the 50 or so participants was “Ease the Debt, Let Us Bet.” The rally was run by the Poker Players Alliance.
One Canadian poker pro tried to claim his losses at poker as losses in a business for his tax report and was found wanting. Steven Cohen left his law firm to play professional poker, but after failing to get a tax advantage has returned to practicing law. On a 2006 tax form he listed nearly $200k as business expenses, but they were actually his losses when playing poker, both in live tournaments and online poker. The poker player's tax report was not approved by the tax authorities because his poker playing was ruled as a hobby, not a business.
The WSOP has had a number of unique sponsors throughout the years. Here’s why the newest sponsorship deal between the WSOP and Dearfoams, the world’s leading slipper company, was genius marketing for both parties.
The top performers of the 2010-11 World Series of Poker Circuit season gathered at Caesars Palace in Las Vegas Friday afternoon for Day 1 of the inaugural WSOP Circuit National Championship. The invite-only freeroll tournament offered a prize pool of $1 million up for grabs, with first place collecting $300,000 and the first WSOP bracelet of the year.
You have until the end of the month to qualify for our exclusive $15,000 Sunday Million Freeroll on PokerStars.
Day 1 of the WSOP-Circuit National Championship saw the field of 100 qualifiers reduced to just 35 players. Leading the way is chip leader La Sengphet with 165,000. In addition, a number of notable names are still in the field including Allen…
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