Weekly Poker News: WPT DeepStacks Winner, Dutch Players to Get Taxes & More

This week’s poker news starts us off with a recap of the World Poker Tour DeepStacks event. Let’s take a closer look at what went down and who came out with the win.

Sung Joo Hyun Wins WPT DeepStacks Event

Sung Joo Hyun is quite a bit richer after winning the 2021 World Poker Tour DeepStacks $1,600 buy-in no-limit hold’em main event. The tournament was held at the Venetian in Las Vegas this past week. Hyun overcame a field of 812 total entries to walk away with the top prize of $208,335 and the title, making this score the largest of his career.

sung joo hyun playing poker

In total, he defeated a total of 2,307 entries to win the $500 buy-in World Series of Poker Online event to win $161,898. Adding together these two scores along with his other wins, his career earnings have now approached $700,000.

For his win at this week’s tournament in The Venetian, he was awarded with 912 Card Player Player of the Year points as well. This large number of points had launched him into the Top 10 as he currently sits at No. 7 in the 2021 POY race.

Scott Stewart Wins 2021 bestbet Jacksonville Winter Open Main Event

Scott Stewart was able to make the most out of his time in the 2021 Winter Open $2,000 buy-in no-limit hold’em main event, winning first place and the top prize. The prize pool for this event had ballooned to $918,000 thanks to a slew of entries that exceeded expectations from tournament organizers.

Overall, the prize pool was set to be split among the top 64 finishers. Stewart eventually beat out a total of 510 other entries to win $177,817 from the event.

Stewart is no stranger to big wins as he is a five-time World Series of Poker Circuit gold ring winner. Not to mention the fact that he has over $2.4 million in career tournament earnings. His most recent win clocks in as his third largest score in his career, right behind the $202,400 he earned in the $25,000 PokerStars Players Championship and the $535,000 he won in the 2017 WSOP main event.

The win got him 840 Card Player Player of the Year points as well, marking as his second score of the new year. Adding this one onto his previous score would mark him down at fourth place in the 2021 POY standings.

Dutch Poker Players Set To Receive Millions In Taxes Back

Poker winnings and taxes have been a long-going battle in various jurisdictions. However, in Holland, it looks like poker players have won out in the end.

A number of Dutch poker players challenged a big tax hit they were faced with but they ended up receiving the money back. A few hundred players that are now set to receive millions in paid gambling taxes on PokerStars as a Dutch tax agency has been battling it out with PokerStars for quite some time. It appears that they were able to come to a conclusion.

There was a rule in 2015 from the Dutch Supreme Court that ruled all players on poker sites in the EU would be exempt from any of these taxes. This rule was the cause of all of these issues between the two sides with each of them happy that this whole ordeal is finally coming to an end.

Tax liability is now moving to the operators under the most recent law. That wasn’t always the case, though, as the burden was on players at some point, which is what caused this particular mess. This was created to allow tax free gambling environment for their players, avoiding any long cases.

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