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Professional poker player Tom Dwan discusses how legislation is impacting poker around the world.
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To online poker sites settling with the Department of Justice -- 700 and so he one million dollars is still -- -- -- legally in America.
Now that's forcing big time -- -- place to go elsewhere to find the action.
Joining me now is -- and -- Is one of the best poker players in the world he -- some of the biggest cash -- -- he plays in -- -- here with us today in New York -- welcome.
Thank you you -- have account apply.
I've been Meredith -- all right how much do you have to put up cash you'll money to get into the beginnings.
It depends some of the -- third different by and some higher some -- lower.
-- not get too specific but combines a pretty up there okay the Bonnie and that's the money you've got to put on the table to be part of the game I don't I'm not gonna tell with a specific figure.
But it a million dollars roughly a year to Airbus usually a bit less series loss ever play -- million dollars right up front cash volume.
There's there's been times but generally in general your -- -- and it's your money.
Yes you have investors who pooling giving them on -- depending sometimes have predicted games are real big people do that he knows ST that's your money -- -- -- investors' money on the Chaka Khan.
I mean just try to get over when you look -- relaxed.
Did you realize this is line of national television should be anonymous man I'm so I'm shocked.
You sit -- that they -- could go ahead and I are gonna Poconos right so this is -- Okay who'd you play against when you sit and -- -- now I've -- to these casinos Poland and a plight of into them.
Who declined against.
There's a pretty regular group of people and it's mainly gamblers that are making their money in gambling.
Professionals.
Well gamblers yes -- poker players now.
They're -- -- money and other forms of gambling generally.
But then there's a few poker pros and then there's a few just random business does little show up Asian people.
-- almost excellence -- mainland Chinese people.
Some yeah when you win.
What's the tax.
I'm not just pay US taxes.
You know US government becoming did you wherever -- gotta pay him.
So does the Macau casino report you'll winnings to the IRS and America.
I'd assume so I don't know I've never asked them and the -- -- taxes.
I pay US taxes OK what about attacks lebed by China all -- count on -- -- session on China.
Yeah I'm not sure what did they don't tax me I think they -- tac flowed with the -- the next people on the dim morning income other than -- Okay it's alright enough when you walk into the casino you gonna show independence will.
I don't know if exposed but never you know you never actually need to look at what's the difference between gambling at the poker table in the -- Vegas and in Macau.
Not that much of them languish.
What about the amounts this wages.
-- -- mansard usually a little more but there's been this summer there are some really begins in Vegas.
Online poker when's it coming to America.
I don't know but it scenes possible that's coming sooner then.
That it -- few weeks ago I was very happy obviously with the results -- very calm -- line.
I guess that's the way about the plans from their right.
They're just did that Coca Thanksgiving -- -- place.
And now would be ideal.
I don't know -- and you go back program accounts soon.
I was just there for almost six months on -- sure.
I was as a single focusing though about the three weeks ago.
The political thorn -- Ireland didn't pay interest -- -- while we come back and tell those will lose and how things went instantly play for the big money.
You know sure -- come back kinda tough talk all they win -- -- but not exact amount it's a fits onto on -- good men thanks for joining us.
