The Colossus has been a success so far.
The World group of Poker’s inaugural ‘Colossus’ tournament 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 ended up over the course of four Day 1 routes to try out in the event, beating the previous WSOP 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.
Therefore, this present year’s Series is fully targeted at attract the ‘right’ type of player, and lots of them: the type of player who might be attracted to multi-table a cash that is few or tournaments with low to mid-level buy-ins while they’re in town.
The Colossus is just a full just to illustrate.
With its affordable buy-in of $565, and tantalizing $5 million guaranteed prize pool, it was designed to paper the home with players.
The WSOP is peppered with large-field, low buy-in events this season, and also includes an online bracelet tournament.
Mobiles at the 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 sorts of other Caesars properties will be whitelisted and exempted through the rule through the entire duration of the Series.
A year ago, WSOP.com cash game traffic rose 24 percent in the week that is first of Series https://myfreepokies.com alone, which means that it’s likely to be even higher this year. Industry number-cruncher, PokerScout.com has conservatively suggested that the spike will be at least 50 per cent.
Not absolutely all the players were happy with all the payout structure associated with the Colossus, nonetheless, and many eyebrows were raised by the announcement of the first-place prize of $638,880, which represents just under six percent regarding the prize pool, dramatically smaller compared to the average competition.
‘Democratic’ Payout Structure
But this was element of the plan; a flat payout framework that could reward as many players as possible, with 2,241, or around ten percent of the industry, making the money.
Top payout that is heavy will be the norm, and generally speaking that is made to reward the skillful player with an edge on the field. This was poker with a much more ‘democratic’ distribution of wealth in your mind, designed to keep the mid-level player delighted.
‘When you notice a crowd that could fill many activities venues, there is little else it is possible to say,’ WSOP executive manager Ty Stewart stated in a declaration. ‘ We wish to thank everyone whom traveled from near and far to be part of this event that is historic particularly the very first timers.
Similar to the indication states, ‘ We Hope you soon come back.’ We like to bring poker enthusiasts together which help build momentum that is positive the game.’
This week, tricky Rock Overseas and the Meadowlands Racetrack are anticipated to reveal plans for a casino in East Rutherford, home to the New York Giants and brand new York Jets.
Meanwhile, there have now been proposals for a casino regarding the waterfront in Jersey City, directly across from Lower Manhattan.
‘There is no reason 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 data recovery and revitalization efforts,’ declared Huttle.
‘The reality of gaming today is the fact that nj-new jersey must do more to stay a leader. We have to start out competing or we will continue to fall behind in our area and within the national nation.’
Sheldon’s Warning
Interestingly, Sheldon Adelson has a few terms to express on the issue when the idea of one casino in northern New Jersey was mentioned at the G2E annual gaming expo in Las Vegas year that is last.
The LVS president said he’d jump at the chance to open a casino throughout the border from Manhattan, but would ‘think twice’ should several casinos be proposed for the region.
He also warned against the short-termism of seeing casino expansion as a fix that is quick economic problems.
‘Look, it’s a sword that is two-edged’ he stated. ‘If you go in there and spend a lot of cash, then you may 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 the New Yorkers’ cash and they’re drawing it up for the reason that casino into the Meadowlands. So we’ve surely got to start one up, and keep the amount of money in New York.’ ‘
AGA Formally Denounces Slot Winnings Taxation Proposals
AGA President Geoff Freeman is aghast during 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 struck out against IRS proposals to lower the tax reporting threshold for slot winnings from $1,200 to $600.
The industry body complained that the new proposals would be harmful to customer experience, increase paper work and disrupt the casino flooring, in addition to requiring expensive improvements 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 form of a 15-page comment that is formal to the IRS this week.
This came on the trunk of a letter delivered by 17 bi-partisan users of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost business revenue resulting through the proposal will be ‘detrimental to local, state and national economies that depend on those revenue to help critical services.’
Severe Harm to Company
AGA President Geoff Freeman was particularly critical associated with the 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 knows no other industry in the country for which the IRS has issued regulations needing the industry to deploy its customer loyalty program for federal income tax collection purposes,’ Freeman complained.
Freeman stated that the work cost and lost business revenue that arises from the reporting of slot machine winnings is already burdensome, as the machines ‘lock up’ and are temporarily taken away from service after a jackpot of $1,200 is hit so that it can be reported to your IRS.
‘AGA is conscious of no other industry that is US must take its assets out of the production of revenue to meet its tax reporting duties,’ he said. ‘The proposed slot guidance that is reporting substantially magnify that burden on the casino to the point of serious problems for its company by mandating the utilization of a marketing device for tax information reporting purposes.’
Interruption to Backend
Furthermore, the reprogramming of the casino’s back end systems, which will be necessary in order for them to comply with the proposed regulations, would be troublesome and costly, Freeman said, specifically for those casinos that run in multiple markets.
‘AGA casino people have expressed concern that so as for their back-end systems to become able to compile, store, and index for retrieval a sizable number of day-to-day win/loss statements, costly investment could be necessary in programming and in a substantial enhance within the current storage and processing power of these systems. This investment that is costly the required back-end systems changes would be magnified for those casinos that operate in multiple markets.’
The AGA recently established a petition that is online 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 authorities body, has put six of the suspects in the FIFA corruption scandal on their ‘red notice’ list, a designation that will make it virtually impossible for people individuals to travel.
As the designation isn’t the exact carbon copy of an arrest warrant for the suspects, it recommends 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 before the red notice was given.
Likewise, previous FIFA administrator committee member Nicolas Leoz of Paraguay was already under house arrest at the time of his red notice being announced.
The four professionals receiving notices that are red Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, in addition to Brazilian broadcast executive Jose Margulies.
The Argentinians are charged with paying over $100 million in bribes so that you can secure media liberties to soccer that is various.
Blatter Applauded at FIFA Headquarters
The FIFA scandal reached the highest office in the organization (as well as perhaps the most powerful person in sports) on Tuesday, when president Sepp Blatter made the announcement that he would resign from their post sometime in the following year, just as an alternative could be elected.
Blatter’s announcement came just days after he had been re-elected to your office for the fifth time.
Upon returning to FIFA’s Zurich head office on Wednesday, Blatter ended up being given a standing that is ten-minute by workers.
According to reports, he gave the 400 staff members in attendance a similar 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 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 leader, who saw also his primary lieutenant facing accusations of corruption and bribery.
Numerous Candidates Could Vie for FIFA Presidency
Within the day since Blatter’s statement, much of the speculation by media users and football fans was about who his successor will be. You will find several viable candidates, though a stand that is few as having the most readily useful probability of using his place.
UEFA president Michel Platini appears to be the favourite, both among pundits therefore the bookmakers at William Hill, whom list him at 6-5 odds. UEFA was a hotbed of critique for Blatter, and Platini had formerly asked Blatter not to ever run for reelection.
Another popular choice is Prince Ali bin al-Hussein of Jordan, who was simply the only person to run against Blatter in the most recent election.
He is listed at 7-4 odds, as well as the Jordanian Football Association states that it’s looking into FIFA’s own guidelines to see if Prince Ali is 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 occasions and weeks to come, particularly without the specter of an unbeatable sepp blatter to scare prominent people of the soccer community from running.
For instance, Venezuelan president Nicolas Maduro suggested that Argentine legend Diego Maradona must be the next FIFA president, noting that Maradona had always been attempting to root down corruption in FIFA even when few others seemed to care.