Weekly Roundup January 6 2017
Two Plus Two Poker Forum Hacked
The Two Plus Two poker forum was hacked early last month. The discovery was made recently by the company. All posters must immediately change passwords if it has not been done since the hack. Anyone with an account at Two Plus Two should change any identical password at other sites. It is important to never duplicate passwords between sites in case it gets hacked and sensitive information is stolen.
Pennsylvania Online Gaming Bill Emerges
A bill that would legalize online gambling in Pennsylvania was filed this week. The bill would permit the sale of lottery tickets online. It would also legalize online poker and casino games. Each license would cost $10 million. Vendors would pay $5 million. There would also be a 25% tax rate. Daily fantasy sports would also be legalized with a $2.5 million per year licensing fee.
IRS Backs Off Proposed Lowering of W2G Requirements
There is good news for casino players. The IRS has backed off the proposal to start requiring casinos to file W2Gs on slot wins of $600 or more. There also would have been other player tracking requirements that were seen as unfavorable by the gaming industry. The IRS will keep the standard $1,200 slot win and $5,000 live poker tournament win requirements for W2Gs.