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    • $100 Million Poker Tournament Set For 2013



    If you want to take part just one major Poker tournament in your life, the Macau Pro Am Open in early 2013 looks like it may be a good choice. It appears to be just a plan at the moment - nothing is set in concrete although one of the organisers, William Murray, says that all seats allocated to the Far East have been reserved. The cutoff date for entry is December 15th, 2011, only just over two weeks away so you don't have much time to decide.



    So plans are obviously fairly well advanced; a third of the 500 seats will be occupied by Far East entries, with another third from the United States and the final lot from other countries. The winner of this game will take home $25 million from what is expected to be a $100 million prize pool.



    Murray is a representative of one of five wealthy Chinese industrialists, unconnected with the casino industry, who are understood to be sponsoring the event. Macau authorities hope that the event will shift the focus of global Poker towards the former Portuguese colony and the tournament will offer more than just one mega-Main Event. Other events of a varied nature will be taking place, with $1 million prizes going to the winners.



    Greece Online Gaming Plan Unpopular With Industry


    Greece is not the only Southern European country in the middle of an economic disaster but it is currently the worst affected of those involved. It has been cogitating on the need for extra tax revenue for several years now and one of the solutions is of course online gaming.



    A scheme such as this must conform to the relevant European regulations (as long as Greece remains part of the single currency - which may not be for long) and the proposals which the Greeks have come up with in no way do that, leading to an unsurprising number of complaints from other European online casino operators and regulators.



    The range of reasons why the proposals are unacceptable are pretty extensive; it's as if Greece has carefully checked the list of regulations and then chucked them in the Aegean. Any new operators must have a bricks and mortar headquarters in the country and process transactions through Greek banks. Who currently wants to touch Greek banks with a bargepole? There is also concern about a retroactive tax 'innovation' which appears to be a measure to introduce market entry fee. The current government operated monopoly on offline gaming will also be extended until 2030 and will retain it's tax exempt status for the duration. This is in stark contrast to the proposed 30% tax which any new online operator will be required to pony up.



    Greece might need the tax revenue but it cannot rely on an uncompetitive and unfair industry to get it, especially while it wants to remain within the single currency.



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