There was an air of excitement during National Poker Week when it was announced that Senator Robert Menendez (D-NJ) would soon introduce legislation that would legalize and regulate online togel hongkong. Well the time has come as the Dow Jones Newswire broke the story yesterday that Menendez would introduce his bill on Thursday.

Menendez has been a strong supporter of Internet poker, often working closely with House Financial Services Chairman Barney Frank to battle against the UIGEA.  Frank was set to introduce his own Internet gaming bill in July, but because of the ongoing financial crises in the U.S., that was delayed until September.

 

The bill being introduced by Menendez is different from Frank’s bill however.  This piece of legislation focuses completely and specifically on Internet poker, whereas Frank’s bill covers other forms of online gaming, such as online casinos.  The specifics of Menendez’s bill will not be completely known until it is released later today, although it is known that it will seek to legalize, regulate and tax online poker in the United States.

 

It is expected to establish the necessary framework to allow Internet poker companies to apply for license to operate within the U.S.  It would also focus on protecting American consumers by requiring proof of age and ensuring that state laws are followed.  There is no intent to overturn any state law already in place.  They would also be required to protect against compulsive gambling as well as provide fair games and guard against money laundering and fraud.

 

As far as taxation, it is reported that the bill will call for a 10% tax on all deposits made by U.S. players.  This tax would be split evenly between the federal government and the states.  It is not yet known if this would be shared among states that prohibit online gaming.  There is also a lot of speculation on how this will affect the players.  Hopefully more will be known later today, once the bill is public and all of the information can be analyzed

 

TwistedEcho wins Full-Tilt-Poker FTOPS XIII Event 4

 

FTOPS XIII continued yesterday with the first rebuy tournament of this year’s series.  Event #4 was a $200 buy-in no-limit Hold’em tournament, with 1 rebuy and 1 add-on allowed.  It featured a $500,000 guarantee, which was easily surpassed as 1,415 entrants bought-in, and there were 1,024 rebuys and 958 add-ons.  That raised the total prize pool to $679,400.

The host for this event was Daniele Mazzia, an Italian professional with over $800k in career tournament winnings.  He was joined by 18 other Full Tilt Red Pros, however only one of Full Tilt’s finest was able to finish in the money in event 4.  That was Scott Clements, finishing in 156th place for $815.28.

 

Once all the rebuys and add-ons were complete, it came down to playing good tournament poker.  Coming out on top was TwistedEcho, who took down $102,382.28 after making a deal with the two other top 3 finishers.  The first place payout was set at $146,071, so TwistedEcho took home a little more than $40k less than if the players had stuck with the original payouts.

 

The second place finisher, YeslmaHick, actually was the biggest money winner, although not by a lot.  He took $103,811.37 after the deal.  And the last player and biggest beneficiary included in the deal was ELMO_MASK.  His piece of the deal was $100,895.15.  That’s a significant jump from the $68,619.40 that was set aside for third place.

 

There were 162 players paid in this event and a big congratulations goes out to all of them.  The final table is where everyone wants to be though – with a chance to win it all.  Here’s the final 9 and payouts:

 

1st – TwistedEcho – $146,071 ($102,382.28*)

 

2nd – YeslmaHick – $92,398.40 ($103,811.37*)

 

3rd – ELMO_MASK – $68,619.40 ($100,895.15*)

 

4th – kautabjo – $54,352

 

5th – OJ Limpsin – $40,764

 

6th – Gator93 – $29,214.20

 

7th – professor plum – $19,023.20

 

8th – KaPanY3 – $13,588

 

9th – My Brim Low  – $9,511.60

 

*payouts after final table deal