WSOP Colossus Becomes Premier Live Poker Tournament Ever

The Colossus has been a success so far.

The planet group of Poker’s inaugural ‘Colossus’ competition 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 proved 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 big event represents a departure that is strategic the WSOP and Caesars as the event now has the additional aim of boosting the numbers at

Hence, this season’s Series is fully geared to attract the ‘right’ kind of player, and a lot of them: the type 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 fully 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 first time, players will be permitted to create their mobile 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 throughout the duration of the Series.

Last year, 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 will be at least 50 per cent.

Not all the players were happy aided by 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 of this prize pool, quite a bit smaller compared to average competition.

‘Democratic’ Payout Structure

But this was part of the plan; a flat payout structure that could reward as much players as feasible, 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 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 mind, designed to keep the mid-level player delighted.

‘When you view a crowd that could fill many activities venues, there’s not much else you’ll say,’ WSOP executive director Ty Stewart stated in a statement. ‘ We wish to thank everyone else whom traveled from near and far to be part of this event that is historic particularly the very first timers.

Similar to the sign says, ‘ We Hope you soon come back.’ We love to bring poker enthusiasts together which help build good momentum for the game.’

This week, rough Rock International and the Meadowlands Racetrack are expected to reveal plans for the casino in East Rutherford, home to this new York Giants and New York Jets.

Meanwhile, there have been proposals for the casino in the waterfront in Jersey City, directly across from Lower Manhattan.

‘There is no reason we can’t make a statewide 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 that New Jersey must do more to remain a leader. We have to start competing or we will continue to fall behind in our area and into the national country.’

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 raised during the G2E annual gaming expo in Las Vegas year that is last.

The LVS president said he’d jump 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 magic pill for 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 surely got to start one up, and keep the amount of money 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 away against IRS proposals to lower the tax reporting threshold for slot winnings from $1,200 to $600.

The industry body reported that the proposals that are new be detrimental to customer experience, increase paper work and disrupt the casino floor, along with requiring 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 form of a 15-page formal comment submitted to your IRS this week.

This came on the back of a letter sent by 17 bi-partisan people of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost business revenue resulting through the proposition would be ‘detrimental to local, state and national economies that depend on those revenue to support critical services.’

Serious Harm to Business

AGA President Geoff Freeman was particularly critical for the IRS recommendation that the rule might 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 laws needing the industry to deploy its customer loyalty program for federal income tax collection purposes,’ Freeman reported.

Freeman stated that the labor lost and cost business revenue that comes from the reporting of slot machine game winnings is burdensome, since the devices ‘lock up’ and are temporarily taken out of service after a jackpot of $1,200 is hit so so it can be reported to your IRS.

‘AGA is conscious of no other industry that is US must take its assets out associated with the production of income to fulfill its tax reporting responsibilities,’ he said. ‘The proposed slot guidance that is reporting substantially magnify that burden on the casino to the point of serious injury to 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 may be necessary in order for them to comply with the proposed regulations, is costly and disruptive, Freeman said, especially for those casinos that operate in multiple markets.

‘AGA casino members have expressed concern that to be able for their back-end systems to be able to compile, shop, and index for retrieval a sizable quantity of day-to-day win/loss statements, costly investment would be necessary in programming and in a substantial increase within the current storage and processing power of these systems. This high priced investment in the necessary back-end systems modifications would be magnified for everyone 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 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 virtually impossible for all those individuals to travel.

Even though the designation isn’t the exact carbon copy of an arrest warrant for the suspects, it suggests 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 had been 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 prior to the red notice was issued.

Likewise, former FIFA administrator committee member Nicolas Leoz of Paraguay was 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, along with Brazilian broadcast executive Jose Margulies.

The Argentinians are charged with paying over $100 million in bribes to be able to secure media legal rights to various soccer tournaments.

Blatter Applauded at FIFA Headquarters

The FIFA scandal reached the office that is highest into the organization (and maybe the strongest person in sports) on Tuesday, when president Sepp Blatter made the announcement that he would resign from his post sometime in the next year, as soon as a replacement could be elected.

Blatter’s announcement arrived just days after he previously 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 staff members.

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

Based on Reuters, a source close 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 leader, who saw also his lieutenant that is chief facing of corruption and bribery.

Numerous Candidates Could Vie for FIFA Presidency

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

UEFA president Michel Platini appears to be the favorite, both among pundits and 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 never to run for reelection.

Another popular choice is 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 says that it’s looking into FIFA’s own guidelines to see if Prince Ali is granted the position based on his second-place finish in Friday’s election.

But there could be many candidates throw about in the days 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 must be the next FIFA president, noting that Maradona had long been attempting to root down corruption in FIFA even if few other people seemed to care.

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