
The Colossus has been a success so far.
The World variety of Poker’s inaugural ‘Colossus’ competition has, as anticipated, smashed all the records to be the live poker tournament that is biggest ever staged.
Twenty-two thousand three hundred and seventy-four players proved over the course of four Day 1 flights to play in the event, beating the WSOP that is previous record the 2006 Main Event, by (calculator out) 13,601 players.
The function represents a departure that is strategic the WSOP and Caesars as the festival now has the extra aim of boosting the numbers at WSOP.com.
Thus, this season’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 few money games or tournaments with low to mid-level buy-ins while they’re in town.
The Colossus is a full just to illustrate.
With its buy-in that is affordable of565, and tantalizing $5 million guaranteed prize pool, it ended up being designed to paper the home with players.
The WSOP is peppered with large-field, low buy-in events in 2010, and even includes an online bracelet tournament.
Mobiles at the Dining Table
For the very first time, players will be allowed to bring their cellular devices to 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 rule through the duration of the Series.
Last year, WSOP.com cash game traffic rose 24 percent in the week that is first of Series alone, which means it’s likely to be also greater this year. Industry number-cruncher, PokerScout.com has conservatively suggested that the spike will be at least 50 percent.
Not absolutely all the players were happy with the payout structure associated with Colossus, nonetheless, and several eyebrows were raised by the announcement of the first-place prize of $638,880, which represents just under six % regarding the prize pool, significantly smaller compared to average tournament.
‘Democratic’ Payout Structure
But this was part of the plan; a flat payout structure that could reward as many players as feasible, with 2,241, or around ten percent of the industry, making the money.
Top heavy payout structures will be the norm, and generally speaking that was created to reward the skillful player with an edge on the field. This ended up being poker with a much more ‘democratic’ distribution of wealth in mind, designed to keep the mid-level player pleased.
‘When you see a crowd that could fill numerous sports venues, there’s not much else you are able to state,’ WSOP executive manager Ty Stewart said in a declaration. ‘ We wish to thank every person whom traveled from near and far to be part of this event that is historic particularly the first timers.
Just as the indication says, ‘ We Hope you soon come back.’ We love to bring poker enthusiasts together which help build positive 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 have been proposals for a casino in the waterfront in Jersey City, directly across from Lower Manhattan.
‘There is no reason why we can’t think of a statewide video gaming plan that brings jobs and economic growth to Bergen, Essex and Hudson counties while also supporting Atlantic City’s data 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 area and https://myfreepokies.com/king-billy-casino/ within the national country.’
Sheldon’s Warning
Interestingly, Sheldon Adelson features a few words to state regarding the issue when the thought of one casino in northern New Jersey was mentioned during the G2E annual gaming expo in Las Vegas last year.
The LVS chairman stated he’d leap at the chance to open a casino over the border from Manhattan, but would ‘think twice’ should casinos that are several proposed for the area.
He additionally warned against the short-termism of seeing casino expansion as being a quick fix for economic problems.
‘Look, it’s a two-edged blade,’ he said. ‘If you go in there and spend a lot of cash, then you may possibly wake up one day and Governor Cuomo or whoever is governor or mayor of brand new York City will say, ‘Look, they’re taking all of the New Yorkers’ money and they are drawing it in that casino into the Meadowlands. So we’ve surely got to open 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 taxation purposes. (Image: casinoconnectionac.com)
The American Gaming Association (AGA) has hit out against IRS proposals to lower the tax reporting threshold for slot winnings from $1,200 to $600.
The industry body reported that the new proposals would be harmful to customer experience, increase paper work and disrupt the casino flooring, as well as needing expensive upgrades to casino back-end systems.
The AGA, which represents operators and gaming manufacturers that collectively support 1.7 million US jobs across 40 states, made its feelings clear in the shape of a 15-page formal comment submitted to your IRS this week.
This came on the rear of a page sent by 17 bi-partisan users of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost company revenue resulting through the proposal will be ‘detrimental to local, state and national economies that depend on those revenue to help critical services.’
Serious Harm to Company
AGA President Geoff Freeman was particularly critical associated with IRS recommendation that the rule could be enforced through the tracking that is electronic of’ gambling habits through their customer commitment cards.
‘ The gaming industry is aware of no other industry in the national country for which the IRS has issued regulations needing the industry to deploy its customer loyalty program for federal tax collection purposes,’ Freeman reported.
Freeman stated that the labor cost and lost business revenue that arises from the reporting of video slot winnings is already burdensome, while the devices ‘lock up’ and are temporarily taken away from service after a jackpot of $1,200 is hit therefore that it can be reported to the IRS.
‘AGA is conscious of no other industry that is US must take its assets out associated with production of revenue to meet its tax reporting responsibilities,’ he said. ‘The proposed slot reporting guidance would substantially magnify that burden on the casino to the point of serious problems for its company by mandating the employment of an advertising tool for tax information reporting purposes.’
Interruption to Backend
Furthermore, the reprogramming of the casino’s back end systems, which would be necessary in order for them to conform to the proposed regulations, could be costly and disruptive, Freeman said, particularly for those casinos that run in multiple markets.
‘AGA casino members have expressed concern that in order for their back-end systems to be able to compile, store, and index for retrieval a sizable quantity of daily win/loss statements, costly investment is necessary in development and in a substantial increase within the present storage and processing power of these systems. This high priced investment in the necessary back-end systems changes would be magnified for anyone gambling enterprises 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 workers 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 international police body, has put six of the suspects in the FIFA corruption scandal on the ‘red notice’ list, a designation that will make it practically impossible for people individuals to travel.
Although the designation is not the equivalent of an arrest warrant for the suspects, it suggests them that they are topic to the possibility of arrest anywhere they might travel.
Of the six suspects, two are former FIFA officials, while four had been 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 before the red notice was released.
Similarly, former FIFA executive committee member Nicolas Leoz of Paraguay was 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, as well as Brazilian broadcast executive Jose Margulies.
The Argentinians are charged with paying over $100 million in bribes in order to secure media legal rights to different soccer tournaments.
Blatter Applauded at FIFA Headquarters
The FIFA scandal reached the office that is highest in the organization (and maybe the strongest person in sports) on Tuesday, when president Sepp Blatter made the announcement that he would resign from their post sometime in the next year, as soon as a substitute could be elected.
Blatter’s announcement arrived just days after he previously been re-elected to the office for the fifth time.
Upon returning to FIFA’s Zurich headquarters on Wednesday, Blatter was offered a ten-minute standing ovation by personnel.
According to reports, he gave the 400 staff people in attendance the same message to the one he told the soccer world on Tuesday: that FIFA needed to undergo reforms, especially in the executive committee.
According to Reuters, a source near to FIFA said it was ultimately Blatter’s very own advisors that convinced him to step down through the presidency after the ongoing criminal probe into FIFA by US and Swiss police force agencies.
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 their primary lieutenant facing accusations of corruption and bribery.
Numerous Candidates Could Vie for FIFA Presidency
In the day since Blatter’s statement, much of the speculation by media members and football fans has been about who his successor will be. There are several viable candidates, though a stand that is few as having the most useful likelihood of taking his place.
UEFA president Michel Platini appears to be the favourite, both among pundits as well as the bookmakers at William Hill, whom list him at 6-5 odds. UEFA had been a hotbed of critique for Blatter, and Platini had previously asked Blatter not to run for reelection.
Another popular choice will be Prince Ali bin al-Hussein of Jordan, who was simply the only person to operate against Blatter in the most recent election.
He is listed at 7-4 odds, and also the Jordanian Football Association claims it is looking into FIFA’s own guidelines to see if Prince Ali should really be granted the career based on his second-place finish in Friday’s election.
But there will tend to be many candidates throw about in the times and weeks to come, particularly without the specter of an unbeatable sepp blatter to scare prominent users of the soccer community from running.
For instance, Venezuelan president Nicolas Maduro suggested that Argentine legend Diego Maradona should be the next FIFA president, noting that Maradona had long been attempting to root down corruption in FIFA even when few others seemed to care.