Please note that our policies may be updated and/or added to from time to time.  Please check back for updates.

CASH GAME POLICIES

SEAT RENTAL FEES AND PROCEDURES
The Phoenix Poker Club LLC charges $5 per 30 half hour to participate in its standard cash game offerings.
Members must purchase "time chips" from the club at a cost of $5 per chip.  Yearly members only will qualify for any special promotions run on pricing.
Time chips may not be turned in for refunds.

Collection Process
Standard collection times shall be the top and bottom of each hour a cash table is running.
Typically, this will coincide with the timing in which the players participate in a "bomb pot" for convenience.
Players must furnish a time chip to receive a hand upon sitting at the table. The only modification to this rule shall be if the player sits at the table within 5 minutes of the next round of collections.  If they sit within 5 minutes of collection, they must still furnish a chip, however they will be marked as not needing to furnish a chip at the next collection a few minutes later.

Purchasing Time Chips
Time chips must be purchased at the front desk of the club.  We CANNOT accept any chips in play as payment.  We can accept cash, debit/credit, electronic payments (if available) and/or rainbow chips.  Members MAY NOT purchase time chips at the table from the dealers.  Members MAY purchase time chips from another member by any means, including chips in play as long as the chips remain in play by the other member at the same table as the purchaser.

STANDARD CASH GAME OFFERINGS
$1/$2 Blinds with one $5 under the gun straddle only. Bomb pots are $5 (if bomb pots are 100% agreed to by all players).  Minimum buy in of $60 and a maximum of $300.

$2/$5 Blinds with one $10 under the gun straddle only.  Bomb pots are $10 (if bomb pots are 100% agreed to by all players).  Minium buy in of $200 and a maximum of $500.  After initial buy in, 100% "match the stack" is allowed.

Bomb pots will be 4 card, double board, NO LIMIT Omaha.  A player MUST use two cards per board and ONLY two cards per board.  Bomb pots MUST be unanimously agreed to by players at the table to be allowed.  Any player, even if they've agreed to bomb pots, may sit out and choose to not participate in the bomb pots.

We are always open to taking suggestions in a particular game at that time, however it must be requested of and approved by the floor.

HIGH HAND POLICIES FOR OUR "FIND THE PHOENIX" WHEEL
Between the hours of 5PM and 1am any day we are open and there is a game active, dealers will withhold $1 from any pot played that reaches $20 and $2 from any pot played that reaches $50.  No more than $2 shall ever be withheld from any one pot.

Wheel spins will be awarded to the player that records the highest hand during the 2 hour period leading up to the wheel spin. Wheel spins will be awarded at 7PM, 9PM, 11PM and 1AM on any days we are open and there is a game active.

Players MUST and HAVE to use both cards in their hand, and win that pot to qualify for the "high hand".  High hands must be full houses or better to qualify.

100% of ALL funds collected for high hand promotions are awarded back to the members of The Phoenix Poker Club LLC.

HIGH HAND POLICIES ASIDE FROM OUR "FIND THE PHOENIX" WHEEL
If there is a cash game active outside the normal hours for our wheel promotion, the following shall apply:
Dealers will withhold $1 from any pot played that reaches $20 and $2 from any pot played that reaches $50.  No more than $2 shall ever be withheld from any one pot.
Players MUST and HAVE to use both cards in their hand, and win that pot to qualify for the "high hand".  High hands must be full houses or better to qualify.
The player with the highest hand up until 5PM for that particular day shall be awarded 100% of the money set aside for the high hand promotion which was collected thus far that day.

TAX REPORTING AND/OR COLLECTION ON WINNINGS

It is the responsibility of The Phoenix Poker Club LLC to abide by all applicable state and federal laws regarding the distribution of monetary prizes at its club.  Therefore, we want to make all members aware of the policies.

JACKPOTS
On any jackpot won by and awarded to any member exceeding an amount of $599.00, The Phoenix Poker Club LLC must furnish an IRS Form W2G to the IRS and give the member a copy prior to January 31st of the following calendar year.  We will request the winning member complete an IRS W9 tax form for us to prepare the W2G.  If the winning member refuses to complete an IRS W9 form for us, we must withhold 24% in taxes prior to payout of the prize.
On any jackpot won by and awarded to any member exceeding an amount of $5000.00, The Phoenix Poker Club LLC must furnish an IRS Form W2G to the IRS and give the member a copy prior to January 31st of the following calendar year.  We will request the winning member complete an IRS W9 tax form for us to prepare the W2G.  Whether the winning member furnishes a W9 or not, we must withhold 24% of the prize prior to paying it out to the winning member.

POKER TOURNAMENTS
For poker tournaments, The Phoenix Poker Club LLC only needs to obtain an IRS Form W9 and file a form W2G if the NET prize awarded a player is $5,000.00 or higher .  If the winning member refuses to furnish a W9 form, then we must withhold 24% in taxes prior to paying the member their prize.