The Colossus has been a success so far.
The World variety of Poker’s inaugural ‘Colossus’ tournament has, as anticipated, smashed all the records to become 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 flights to relax and play in the event, beating the previous WSOP record, the 2006 Main Event, by (calculator out) 13,601 players.
The event represents a strategic departure for the WSOP and Caesars as the festival now has the additional aim of boosting the numbers at WSOP.com.
Hence, this present year’s Series is fully targeted at attract the ‘right’ type of player, and lots of them: the kind 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 a just to illustrate.
With its buy-in that is affordable of565, and tantalizing $5 million fully guaranteed prize pool, it had been designed to paper your house with players.
The WSOP is peppered with large-field, low buy-in events this present year, and also includes a bracelet tournament that is online.
Mobiles at the Dining Table
For the first time, players will be allowed to bring their mobile phones 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 through the guideline through the duration of the Series.
This past year, WSOP.com cash game traffic rose 24 percent in the week that is first of Series alone, this means it’s apt to be also higher this year. Industry number-cruncher, PokerScout.com has conservatively suggested that the spike will be at least 50 %.
Only a few the players were happy with the payout structure regarding the Colossus, however, and several eyebrows were raised by the announcement of the first-place prize of $638,880, which represents just under six per cent associated with the prize pool, dramatically smaller compared to average competition.
‘Democratic’ Payout Framework
But this was part of the plan; a flat payout framework that could reward as many players as feasible, with 2,241, or around ten percent of the industry, making the money.
Top payout that is heavy would be the norm, and in general that is designed to reward the skillful player with an edge on the field. This had been poker with a much more ‘democratic’ distribution of wealth in your mind, designed to keep the mid-level player delighted.
‘When you view a crowd that could fill numerous sports venues, there is little else it is possible to state,’ WSOP executive director Ty Stewart stated in a declaration. ‘ We want to thank everyone else who traveled from near and far to engage in this event that is historic specially the very first timers.
Similar to the sign says, ‘ We Hope You keep coming back Soon.’ We want to bring poker enthusiasts together and help build momentum that is positive the game.’
This week, complex Rock Global and the Meadowlands Racetrack are expected to reveal plans for the casino in East Rutherford, home to the brand new York Giants and brand new York Jets.
Meanwhile, there happen proposals for the casino in the waterfront in Jersey City, straight across from Lower Manhattan.
‘There is no reasons why we can’t come up with a statewide 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 today is nj-new jersey must do more to remain a leader. We have to begin competing or we continues to fall behind in our region and into the national country.’
Sheldon’s Warning
Interestingly, Sheldon Adelson includes a few words to express in the issue when the thought of one casino in northern New Jersey was brought up during 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 casinos that are several proposed for the area.
He also warned against the short-termism of seeing casino expansion as being a fix that is quick 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 track players’ electronically winnings through their customer loyalty cards for tax 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 complained that the brand new proposals would be detrimental to customer experience, increase paper work and disrupt the casino floor, also 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 by means of a 15-page formal comment submitted towards the IRS this week.
This arrived on the rear of a page delivered by 17 bi-partisan users of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost company revenue resulting from the proposition is ‘detrimental to local, state and national economies that depend on those revenue to help critical services.’
Severe Harm to Business
AGA President Geoff Freeman was particularly critical associated with the IRS suggestion that the rule might be enforced through the electronic monitoring of players’ gambling habits through their customer loyalty cards.
‘ The video gaming industry knows no other industry in the country for which the IRS has issued laws requiring the industry to deploy its customer loyalty program for federal tax collection purposes,’ Freeman complained.
Freeman said that the work lost and cost business revenue that comes from the reporting of video slot winnings is burdensome, while the machines ‘lock up’ and are temporarily taken away from service after a jackpot of $1,200 is hit therefore that it can be reported towards the IRS.
‘AGA is aware of no other industry that is US must take its assets out of the production of revenue to satisfy its tax reporting obligations,’ he said. ‘The proposed slot guidance that is reporting substantially magnify that burden in the casino to the stage of serious harm to its business by mandating the use of a marketing tool for tax information reporting purposes.’
Interruption to Backend
Furthermore, the reprogramming of the casino’s back end systems, which may be necessary for them to adhere to the proposed regulations, would be costly and disruptive, Freeman said, particularly for those casinos that run in multiple markets.
‘AGA casino members have expressed concern that in an effort for their back-end systems to be able to compile, shop, and index for retrieval a sizable quantity of daily win/loss statements, costly investment is necessary in development and in a substantial increase into the present storage and processing power of these systems. This costly investment in the required back-end systems changes would be magnified for those of you gambling enterprises 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 police that is international, 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 the people people to travel.
Although the designation isn’t the equivalent of an arrest warrant for the suspects, it advises them https://myfreepokies.com/king-of-the-nile/ 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 prior to the notice that is red released.
Likewise, former FIFA administrator committee member Nicolas Leoz of Paraguay was already under house arrest at that time of his red notice being established.
The four executives receiving notices that are red Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, along with Brazilian broadcast executive Jose Margulies.
The Argentinians are charged with paying over $100 million in bribes in order to secure media liberties to soccer that is various.
Blatter Applauded at FIFA Headquarters
The FIFA scandal reached the highest office in the company (and maybe the most powerful person in sports) on Tuesday, when president Sepp Blatter made the announcement that he would resign from his post sometime in the next year, just as a substitute could be elected.
Blatter’s announcement arrived just days after he previously been re-elected towards the workplace for the time that is fifth.
Upon returning to FIFA’s Zurich head office on Wednesday, Blatter had been provided a standing that is ten-minute by personnel.
According to reports, he gave the 400 staff users in attendance an identical 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 any of these probes, it was still embarrassing for the association’s frontrunner, who saw even their chief 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 users and football fans was about whom his successor will be. You will find several viable candidates, though a few stand out as having the most useful probability of using his place.
UEFA president Michel Platini seems to be the favourite, both among pundits therefore the bookmakers at William Hill, whom list him at 6-5 odds. UEFA had been a hotbed of criticism for Blatter, and Platini had formerly asked Blatter never to run for reelection.
Another popular choice are Prince Ali bin al-Hussein of Jordan, who had been the only person to run against Blatter in the most recent election.
He is listed at 7-4 odds, therefore the Jordanian Football Association states that it is looking into FIFA’s own rules to see if Prince Ali must certanly be granted the positioning based on his second-place finish in Friday’s election.
But there are likely to be many candidates throw about in the days and weeks to come, particularly without the specter of A sepp that is unbeatable blatter 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 wanting to root down corruption in FIFA even if few other people seemed to care.