WSOP Colossus Becomes Premier Live Poker Tournament Ever

The Colossus has been a success so far.

The planet number of Poker’s inaugural ‘Colossus’ competition has, as expected, smashed all the records to be the biggest reside poker tournament ever staged.

Twenty-two thousand three hundred and seventy-four players ended up over the course of four Day 1 flights to play in the event, beating the previous WSOP record, the 2006 Main Event, by (calculator out) 13,601 players.

The big event represents a departure that is strategic the WSOP and Caesars as the festival now has the additional aim of boosting the numbers at

Thus, this season’s Series is fully targeted at attract the ‘right’ kind of player, and a lot of them: the kind of player who might be attracted to multi-table a few money games 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 affordable buy-in of $565, 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 this year, and also includes a bracelet tournament that is online.

Mobiles at the Dining Table

For the first time, players will be permitted to create their cellular devices to your 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 rule through the entire duration of the Series.

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

Not totally all the players were happy with all the payout structure of this Colossus, however, and lots of eyebrows were raised by the announcement of the first-place prize of $638,880, which represents just under six % of this prize pool, dramatically smaller compared to the tournament that is average.

‘Democratic’ Payout Structure

But this was element of the plan; a flat payout structure 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 are the norm, and in general that is designed to reward the skillful player with an edge on the field. This ended up being poker with a lot more ‘democratic’ circulation of wealth at heart, designed to keep the mid-level player pleased.

‘When you see a crowd that could fill numerous activities venues, there is very little else it is possible to say,’ WSOP director that is executive Stewart stated in a statement. ‘ We want to thank every person whom traveled from near and far to be part of this historic event, specially the first timers.

Just like the sign states, ‘ We Hope you soon come back.’ We like to bring poker enthusiasts together which 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, straight across from Lower Manhattan.

‘There is no good 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 video gaming is that New Jersey must do more to remain a leader today. We have to start out competing or we continues to fall behind in our area and within the national nation.’

Sheldon’s Warning

Interestingly, Sheldon Adelson has a few terms to express regarding the issue when the notion 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 stated 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 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 money, then you could wake up 1 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 are sucking it in that casino into the Meadowlands. So we’ve surely got to open one up, and keep the cash 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 taxation purposes. (Image:

The American Gaming Association (AGA) has hit down against IRS proposals to lower the income 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 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 in the form of a 15-page comment that is formal to your IRS this week.

This came on the rear of a page delivered by 17 bi-partisan members of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost business revenue resulting through the proposition could 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 tracking that is electronic of’ 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 laws 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 originates from the reporting of slot machine game winnings is burdensome, once 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 the IRS.

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

Disruption 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, specifically for those casinos that run in multiple markets.

‘AGA casino members 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 will be necessary in programming 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 gambling enterprises 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 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 human body, has put six of the suspects in the FIFA corruption scandal on the ‘red notice’ list, a designation that will make it virtually impossible for those individuals to travel.

While the designation isn’t the equivalent of an arrest warrant for the suspects, it advises 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 been already arrested in his home nation of Trinidad and Tobago, but had since been released before the red notice was issued.

Likewise, former FIFA executive committee member Nicolas Leoz of Paraguay had been already under house arrest at that time of his red notice being announced.

The four executives receiving red notices included Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, as well as Brazilian broadcast administrator Jose Margulies.

The Argentinians are faced 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 office that is highest in the organization (as well as perhaps the most effective person in recreations) 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 came just days after he had been re-elected to the office for the fifth time.

Upon returning to FIFA’s Zurich head office on Wednesday, Blatter was provided a ten-minute standing ovation by staff.

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

According to Reuters, a source near to FIFA said it was finally 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 any of these probes, it was still embarrassing for the association’s frontrunner, who saw also his lieutenant that is chief facing of corruption and bribery.

Numerous Candidates Could Vie for FIFA Presidency

Into the since Blatter’s announcement, much of the speculation by media members and football fans has been about who his successor will be day. There are several viable candidates, though a few stand down as having the most useful likelihood of taking his place.

UEFA president Michel Platini generally seems to be the favourite, both among pundits as well as 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 ever run for reelection.

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

He is listed at 7-4 odds, while the Jordanian Football Association states that it’s looking into FIFA’s own rules to see if Prince Ali must certanly be granted the position based on his second-place finish in Friday’s election.

But there could be many candidates throw about in the occasions and weeks to come, particularly without the specter of an unbeatable sepp blatter to scare prominent members 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 always been wanting to root out corruption in FIFA even when few other people seemed to care.

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