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  1. Jennifear Jennifear is offline

    Niagara Falls, NY
    United States

    Posts: 10,222
    Joined: Nov 05

    May 21st, 2010 (5/21/2010 5:41am)

    This was in the latest front page article:

    The PPA wasn’t all rosy following the proceedings, however, and the language of HR 4976 is far from finalized. Accordingly, the one-million member strong lobbying organization is seeking to remove a potential fine online poker players may face: “The PPA is working to remove language from the bill that would fine players who play on unlicensed sites, as we firmly believe the unlicensed sites should bear the full consequences of not obtaining a license in the U.S.”

    What is going on here? What kind of fines are they considering throwing at us?
  2. Dan Dan is offline Administrator

    Posts: 5,254
    Joined: May 06

    May 21st, 2010 (5/21/2010 11:03am) in reply to Jennifear

    Jennifear,

    There are a few different penalties for partaking in "unauthorized bets or wagers." These are all quotes from HR 4976:

    Unauthorized Bets or Wagers- There is hereby imposed a fee in an amount equal to 50 percent of all funds deposited into an account that can be used for placing a bet or wager within the meaning of Section 5362(1) of title 31, United States Code, with any person that is not authorized pursuant to section 5382 of that title. Such tax is due by the end of each calendar month with respect to deposits during the preceding month.

    UNAUTHORIZED WAGERS- There shall be imposed on any wager not described in paragraph (1) an excise tax equal to 2 percent of the amount of such wager.'.

    - Dan
     
  3. xxbossmanxx xxbossmanxx is offline Plays poker like a X-Boxxx

    Detroit, MI
    United States

    Posts: 3,963
    Joined: Sep 07

    May 30th, 2010 (5/30/2010 3:35am) in reply to Jennifear

    Fees shorty, fees
  4. Jennifear Jennifear is offline

    Niagara Falls, NY
    United States

    Posts: 10,222
    Joined: Nov 05

    Jun 1st, 2010 (6/1/2010 6:36am) in reply to Dan

    Thank you Dan.

    I'm glad the PPA is working on eliminating this language from the bill. Hopefully they are successful!
    Thread Starter
  5. rocksolid124 rocksolid124 is offline

    Denham Springs, LA
    United States

    Posts: 9,352
    Joined: Sep 06

    Jun 2nd, 2010 (6/2/2010 3:51am) in reply to Jennifear

    Well that would obv tighten up the games.

    Thankfully I've never deposited(/brag), so suck it government :)
  6. TheEngineer TheEngineer is offline Rich Muny - PPA Board VP

    KY
    United States

    Posts: 2,830
    Joined: Nov 07

    Jun 9th, 2010 (6/9/2010 8:21pm) in reply to Jennifear

     
    Originally Posted by Jennifear View Post

    Thank you Dan.

    I'm glad the PPA is working on eliminating this language from the bill. Hopefully they are successful!

    PPA is doing it's best on this. We feel players should not be the target of any enforcement efforts.
     
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