agreed that crown just doesn't want to pay him and just made the story up

and it's reported crown will not be pressing any charges but expects to collect a large portion of its 32m back ... makes sense

title misleading as it wasn't poker. At least I don't think it was who would lose 32 million in 8 hands even with whale status? I did hear of a robbery of a vault similar to ocean eleven where guy was able to have video stream in to a headset or something along those lines.

There where a lot of reports of cheating rings in baccarat and those types of games with the dealers being bought by the players, know it happened at foxwoods.

civil law suit.

he is likely a member and signed an agreement that lets the casino pursuit debt.

so baller

You are wrong, you have to pay taxes if you are a professional. This has precedent with Joe Hachem's case.

If you are a professional player and you are Australian you must pay taxes on winnings full stop. You are breaking the law if you are not.

That said, it is very easy to get around practically having a part-time job. At least for now there has not been a problem with this situation. If you don't have any endorsements it is fairly easy to claim to not be professional. Also, many of the people who don't pay taxes have businesses to meet this criteria.

The rake is so high in Australia there are people who would trade the ability to play at Crown for not having to pay taxes on online play and home games (which are far better at mid stakes).

They took this action as of 2009, and you are right about 300k being the default casino max. They do solicit private business where this limit is actually higher. I actually don't know if in Australia the game must be public like in Las Vegas. I think there is another room besides the teak room.

300k is really not that big of a limit for baccarat, there are a surprising number of whales betting this. I have seen millions of USD bet per hand in macau, there's no way Crown doesn't want a piece of that action, and I struggle to see how they couldn't find the bankroll for it. Baccarat is a pretty safe game for the casino.

You are wrong regarding taxes in Australia. There are precedents but Joe Hachem is not one of them

There is no tax on gambling winnings in Australia unless its something that is deemed "organised" and you are "involved", like horse racing. Eg, a bookie or trainer has to pay tax, but a punter does not.

The Tax that JH paid was to the US govt not the AU govt.

I believe Scott Tom said that if your sole source of income is gambling ie. a professional poker player, than you must pay taxes like a normal job.
If you have any sort of job ie. normal person, then you can win money gambling and you don't have to pay taxes on it.

Wow, people believe in lots of misinformation.

Firstly, Joe Hachem's successful appeal in his Australian tax case is a huge precedent of an issue that didn't exist before he won.

http://www.theage.com.au/news/nation...032078866.html

Secondly, he had no issues with taxes in the USA over his initial win as Australia has a tax treaty with the USA. The USA wasn't involved at all. Whether he subsequently entered on an entertainers visa as required by US law, and whether he owes taxes on US winnings now I can't tell you. (Since he is sponsored and paid for appearances in the US that would apply).

Finally, someone I know in Australia has been audited before. There is no real gray area if all the money you have to show is coming from poker and you are not working.

Tax issues are partly what brought attention to motormouth before he got done for cocaine smuggling.

This is the de facto rule as I understand it. In Canada they look at your primary source. So you would need to show in Canada that you work more at something else, while in Australia you just need any normal job.

I'm surprised I kicked off this discussion and not that poker pros willingly give up their ability to play in the crown to be dealers. Obviously the mid stakes games must be raked to hell for this to be true.

lol

OK this is getting weirder. According to this report from a very well respected tech rag it was poker and it only took 8 hands to make the swipe...

http://www.theregister.co.uk/2013/03..._casino_poker/

$30,000 per night villa? What?

Ughhh its the exact opposite of this, Australia doesnt have a tax treaty with the US and all winnings over 5k (could be wrong with the figure, but X amount) are subject to a 30% withholding from the US

1. Royal Penthouse Suite, Hotel President Wilson, Geneva
US$65,000 per night
(March, 2012)

Crown doesn't even show up on some Top 10 lists.

The story just doesn't make sense to me...

this +1

just scanned an article about this....

security cameras can see the dealers hole cards?? that surprises me on alot of levels.

or was the dealer and the security camera person in cahoots with the player??

That's not accurate. http://www.ato.gov.au/businesses/con...tent/55549.htm

So much bs here. One aticle states the casino made a profit of just 181 mli. Do you really think they let you play you for 4 mil a hand?? Get real

Maybe you want to read this private tax ruling which applies to poker by the ATO which CLEARLY states "The winnings you receive in relation to this activity are not assessable under section 6-5 or section 6-10 of the ITAA 1997."

http://www.ato.gov.au/corporate/cont...nt%2F91541.htm

Now live games are rigged; what the f is this? I am sure online games are much safer.

This is incorrect. where is bruce when we need him.

anyway a couple of links for you.

http://forumserver.twoplustwo.com/57...-taxes-987173/

http://yro.slashdot.org/story/13/03/...for-33-million

Holy crap how high do these guys play? I don't get it though, they play vs the house in a private suite?