Yes this is exactly what happens.

Yes. Buy In $1000. lose $500. Cash out $500 you're still taxed on the $500 you cash out even though you lost.

Same for sports betting. Bet $110 to win $100. You cash the ticket for $210, you're taxed on the full $210

horrible stupid ******ed law.

what happened to the peru event for this year? the schedule for 2016 looks very disappointing. are there any plans to add events later in the year?

It seems participation is still down quite a bit from prior years. The lowered price point probably has reduced some overlays... but the drawback is the tour won't attract as many international players. Furthermore I think players are reluctant to attend an event where the hotel stay is equal to the tourney buy in. Having a higher buy in brings more "value" to non local players. Stars should look closely at the player makeup of prior years when deciding on price points for each stop. The higher the percentage of foreign players the higher the buy in should be... if the stop has a high percentage of locals then the buy in should drop. There's no need to just have 1 buy in tour wide as the overall economies of various S.A countries are different.

I certainly hope this tour doesn't go the way of the APPT as I've enjoyed the two events that I played but without constant added money it's going to be in trouble. Right now Pstars would actually be saving money by having sats to the weekly 215 with added money as they'll recoup this money with lowered overlays in the target tourney. I predict that this will be a constant issue for the tour moving forward with the exception of Panama which should draw a lot of Canadians/Americans now that the hotel has been switched.

What's the story on the Panama hotel switch? Was it terrible before and now better or something? Curious.

Is the APPT a good example? They have wide ranging buyins from the $10k Aussie Millions to 2.5k Macau and lower.

Yes the old venue - Veneto - was a dump and is in the process of going bust. The new venue - Sortis - is a very nice hotel

The Aussie Millions isn't really part of the equation as it was only added a year ago and wasn't built off of Pokerstars.

The stops that I'm referring to are Seoul, Cebu, Auckland, Queensland, Macau. These stops need "added value" sats just to reach a 1 Package guarantee. 7 years ago these stops ran with 5 packages guaranteed no problem. The LAPT was the last tour that sustained itself online with an organic player base. EPT's are an example of a tour that can fill its online needs through travelling pros. The LAPT doesn't attract these players so they need regular players from these regions.

Not surprisingly the biggest detriment to these tours was Spin and Go's. This format syphoned off recreational money that in the past might have been spent on Live Events. But there's nothing that can be done about that.
I don't have the answer and I don't think there are any besides Pokerstars spending money on the LAPT and treating it as a loss leader.

Am disappointed there is no Lima stop, especially with direct flights from London to Lima starting in May. Will it be brought back next season?

Please some PS rep , are there any taxes for playing cash games when you buy/cash chips ?
Thanks

Hi Alexo18,

Sorry for my absence lately, I have not been well so have had to take some time away. If you are referring to Panama there is currently a 5.5% tax on cashing out chips at the cage so this would apply for Cash Games at the event. This tax does not apply for tournament payouts.

The tax is currently under review by the Panamanian authorities after intense pressure from local operators so this may change in the future.

In future to avoid waiting in case of absence or for a faster response you can email into the LAPT support inbox.

Kind Regards

James

Hi S1THL0RD,

It is unfortunate but the Atlantic City in Peru are moving ahead with plans to re-arrange the layout of the Casino which would have dramatically reduced the amount of space available to run an event. We are always on the look out for new potential venues so Peru may reappear on the schedule in the future.

Kind Regards

James

Sorry to hear that , thanks for answer !

Yeah the 5.5% tax in Panama is ridiculous, best is to hold chips but even if you are loosing money at the end and you are cashing out you loose money.

Anyone headed to Chile give me a shout.

shout

Getting in on the 2nd.

also anyone who would like to buy my hotel room from the package PM me

The HR structure looks waaay too quick. 10k chips 30min levels, after 3.5 hours of play a starting stack would be 10 blinds. Is that correct? Last year IIRC the blind structure was the same but there were 30k chips to start with.

Hi Wrazigald,

The starting stack of the HR event is 30k as outlined on the structure pdf that pops up when you click the tournament name in the schedule (on the LAPT website). Could you let me know where you have seen the starting stack listed as 10k as that is obviously an error.

Thanks

James

Ah, glad to hear it.

I found the 10k chip structure at

http://www.lapt.com/assets/files/pt-...e_Event_14.pdf

So you probably have a wrong version of the HR structure at the PT-BR page. FYI this structure is shown at the other stops as well.

I know the LAPT chile hotel is sold out during the event, but stars still wouldn't refund me. If anyone would like to purchase the remaining nights from me, please PM

Looking for results of past LAPT highroller events, but can't find them. How many players usually play the HR and what type of payouts are they? I'm going to be in Panama City during the HR event and was thinking of playing.

http://pokerdb.thehendonmob.com/fest...400.1381504789

There were 45 players last year in panama when the buyin was $5k. The 3k HR is running right now in Chile so you'll be able to look at the turnout for that when it's posted in a few days.

any way to make the $20 sats to $215 and $8 sats to $100 events run a bit earlier? Multiple times there have been 5 people regged, 6 required..and 2 sats running. Yet the $215 gets cancelled because the hyper sats haven't finished yet

again, so many sats get cancelled for no reason due to this. latin players are notorious for late-regging. Can you either drop the minimum players required to start the MTT, or move the sat like 10 minutes earlier. its always me and a couple more gringos that get the games started and then 20 people reg in the next hour.

another 215 package sat cancelled unnecessarily on a sunday, wp stars...