
The Colossus has been a success so far.
The planet group of Poker’s inaugural ‘Colossus’ competition has, as expected, smashed all the records to become the live poker tournament that is biggest ever staged.
Twenty-two thousand three hundred and seventy-four players turned out during the period of four Day 1 routes to play in the event, beating the WSOP that is previous record the 2006 Main Event, by (calculator out) 13,601 players.
The event represents a departure that is strategic the WSOP and Caesars as the event now has the extra aim of boosting the numbers at WSOP.com.
Therefore, this year’s Series is fully targeted at attract the ‘right’ type of player, and lots of them: the type of player who might be drawn to multi-table a cash that is few or tournaments with low to mid-level buy-ins while they’re in city.
The Colossus is just a full just to illustrate.
With its buy-in that is affordable of565, and tantalizing $5 million assured prize pool, it ended up being designed to paper the home with players.
The WSOP is peppered with large-field, low buy-in events this present year, and even includes a bracelet tournament that is online.
Mobiles at the Table
For the first-time, players will be permitted to bring their cellular devices towards the tables to play online during WSOP events.
Caesars convinced the Nevada Gaming Control Board to waive its one-player-per-IP-address rule, meaning that the Rio and all other Caesars properties will be whitelisted and exempted from the guideline throughout the duration of the Series.
Last year, WSOP.com cash game traffic rose 24 percent in the week that is first of Series alone, meaning it’s apt to be also higher this year. Industry number-cruncher, PokerScout.com has conservatively suggested that the spike shall be at the least 50 per cent.
Not totally all the players were happy using the payout structure regarding the Colossus, nevertheless, and lots of eyebrows were raised by the announcement of the first-place prize of $638,880, which represents just under six per cent of the prize pool, significantly smaller compared to tournament that is average.
‘Democratic’ Payout Structure
But this was part of the plan; a flat payout framework that could reward as numerous players https://myfreepokies.com as possible, with 2,241, or around ten percent of the industry, making the money.
Top payout that is heavy would be the norm, and generally speaking that is made to reward the skillful player with an edge on the field. This ended up being poker with a lot more ‘democratic’ distribution of wealth in mind, designed to keep the mid-level player delighted.
‘When you notice a crowd that could fill many sports venues, there is little else it is possible to state,’ WSOP executive director Ty Stewart stated in a statement. ‘ We would like to thank everyone else whom traveled from near and far to be part of this historic event, particularly the very first timers.
Similar to the sign says, ‘ We Hope you soon come back.’ We want to bring poker enthusiasts together and help build good momentum for the game.’
This Hard Rock International and the Meadowlands Racetrack are expected to unveil plans for a casino in East Rutherford, home to the New York Giants and New York Jets week.
Meanwhile, there happen proposals for a casino in the waterfront in Jersey City, directly across from Lower Manhattan.
‘There is no reason why we can’t come up with a statewide video gaming plan that brings jobs and economic growth to Bergen, Essex and Hudson counties while also supporting Atlantic City’s recovery and revitalization efforts,’ declared Huttle.
‘The reality of gaming is that New Jersey must do more to remain a leader today. We have to begin competing or we continues to fall behind in our region and into the national nation.’
Sheldon’s Warning
Interestingly, Sheldon Adelson has a few words to express on the issue when the thought of one casino in northern New Jersey was brought up at the G2E annual gaming expo in Las Vegas last year.
The LVS president said he’d leap at the opportunity to open a casino across the border from Manhattan, but would ‘think twice’ should several casinos be proposed for the location.
He also warned against the short-termism of seeing casino expansion being a fast solution for economic problems.
‘Look, it’s a two-edged sword,’ he said. ‘then you may wake up one day and Governor Cuomo or whoever is governor or mayor of New York City will say, ‘Look, they’re taking all the New Yorkers’ money and they’re sucking it up in that casino in the Meadowlands if you go in there and spend a lot of money. So we’ve got to start one up, and keep the money in New York.’ ‘
AGA Formally Denounces Slot Winnings Taxation Proposals
AGA President Geoff Freeman is aghast at the IRS’ proposal to electronically track players’ winnings through their customer loyalty cards for tax purposes. (Image: casinoconnectionac.com)
The American Gaming Association (AGA) has hit down against IRS proposals to lower the tax reporting threshold for slot winnings from $1,200 to $600.
The industry body reported that the proposals that are new be harmful to customer experience, increase paper work and disrupt the casino floor, also requiring expensive upgrades to casino back-end systems.
The AGA, which represents operators and gaming suppliers that collectively support 1.7 million US jobs across 40 states, made its feelings clear by means of a 15-page comment that is formal towards the IRS this week.
This arrived on the rear of a letter sent by 17 bi-partisan members of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost company revenue resulting from the proposition will be ‘detrimental to local, state and national economies that depend on those revenue to support critical services.’
Severe Harm to Business
AGA President Geoff Freeman was particularly critical of this IRS suggestion that the rule might be enforced through the electronic monitoring of players’ gambling habits through their customer loyalty cards.
‘ The gaming industry is aware of no other industry in the national country for which the IRS has issued regulations requiring the industry to deploy its customer loyalty program for federal taxation collection purposes,’ Freeman reported.
Freeman said that the labor lost and cost business revenue that originates from the reporting of video slot winnings is burdensome, because the machines ‘lock up’ and are temporarily taken away from service after a jackpot of $1,200 is hit therefore so it can be reported to your IRS.
‘AGA is conscious of no other US industry that must take its assets out of the production of revenue to fulfill its tax reporting responsibilities,’ he said. ‘The proposed slot reporting guidance would substantially magnify that burden in the casino to the point of serious problems for its business by mandating the employment of an advertising tool for tax information reporting purposes.’
Disruption to Backend
Furthermore, the reprogramming of the casino’s back end systems, which will be necessary for them to adhere to the proposed regulations, will be costly and disruptive, Freeman said, especially for those casinos that run in multiple markets.
‘AGA casino people have expressed concern that in order for their back-end systems to become able to compile, shop, and index for retrieval a sizable number of day-to-day win/loss statements, costly investment could be necessary in development and in a substantial enhance into the present storage and processing power of these systems. This investment that is costly the necessary back-end systems modifications would be magnified for all those casinos that operate in multiple markets.’
The AGA recently established an online petition that garnered over 10,000 signatures opposing the proposals. These signatures were from casino employees and customers alike, from across all 50 states, said Freeman.
FIFA Scandal Continues As Interpol Tracks Six Suspects
Sepp Blatter received a standing ovation from FIFA staff after announcing his resignation. (Image: Reuters)
Interpol, the police that is international, has put six of the suspects in the FIFA corruption scandal on their ‘red notice’ list, a designation that will make it practically impossible for anyone people to travel.
As the designation just isn’t the equivalent of an arrest warrant for the suspects, it suggests them they might travel that they are subject to the possibility of arrest anywhere.
Of the six suspects, two are former FIFA officials, while four were sports media executives.
Jack Warner, who formerly held the positions of FIFA vice president and CONCACAF president, had already been arrested in his home nation of Trinidad and Tobago, but had since been released ahead of the red notice was issued.
Likewise, previous FIFA executive committee member Nicolas Leoz of Paraguay had been already under house arrest at that time of his red notice being established.
The four professionals receiving red notices included Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, along with Brazilian broadcast administrator Jose Margulies.
The Argentinians are charged with paying over $100 million in bribes to be able to secure media rights to different soccer tournaments.
Blatter Applauded at FIFA Headquarters
The FIFA scandal reached the highest office into the organization (and perhaps the most effective person in recreations) on Tuesday, when president Sepp Blatter made the announcement that he would resign from their post sometime in the following year, right as an alternative could be elected.
Blatter’s announcement came just days after he’d been re-elected to your office for the time that is fifth.
Upon returning to FIFA’s Zurich headquarters on Wednesday, Blatter ended up being given a standing that is ten-minute by staff members.
According to reports, he gave the 400 staff people in attendance the same message to the main one he told the soccer world on Tuesday: that FIFA needed to undergo reforms, especially in the committee that is executive.
Based on Reuters, a source near to FIFA said him to step down from the presidency following the ongoing criminal probe into FIFA by American and Swiss law enforcement agencies that it was ultimately Blatter’s own advisors that convinced.
While Blatter himself had yet to be implicated in some of these probes, it had been still embarrassing for the association’s frontrunner, who saw even his primary lieutenant facing accusations of corruption and bribery.
Numerous Candidates Could Vie for FIFA Presidency
Within the since Blatter’s announcement, much of the speculation by media members and football fans has been about who his successor will be day. You can find several viable candidates, though a few stand down as having the best probability of taking his place.
UEFA president Michel Platini seems to be the favourite, both among pundits while the bookmakers at William Hill, who list him at 6-5 odds. UEFA ended up being a hotbed of critique for Blatter, and Platini had formerly asked Blatter not to run for reelection.
Another popular choice will likely be Prince Ali bin al-Hussein of Jordan, who had been the only person to operate against Blatter in the most recent election.
He’s listed at 7-4 odds, and also the Jordanian Football Association claims that it’s looking into FIFA’s own guidelines to see if Prince Ali should really be granted the position based on his second-place finish in Friday’s election.
But there are likely to be many candidates throw about in the times and weeks to come, particularly without the specter of A sepp that is unbeatable blatter scare prominent users of the soccer community from running.
For instance, Venezuelan president Nicolas Maduro suggested that Argentine legend Diego Maradona ought to be the next FIFA president, noting that Maradona had for ages been trying to root out corruption in FIFA even though few others seemed to care.