WSOP Colossus Becomes Largest Live Poker Tournament Ever

WSOP Colossus Becomes Largest Live Poker Tournament Ever

The Colossus has been a success so far.

The planet variety of Poker’s inaugural ‘Colossus’ tournament has, as anticipated, smashed all the records to become the biggest reside poker tournament ever staged.

Twenty-two thousand three hundred and seventy-four players proved over the course of four Day 1 flights to try out in the event, beating the WSOP that is previous 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 extra aim of boosting the numbers at

Hence, this season’s Series is fully targeted at attract the ‘right’ sort of player, and plenty 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 city.

The Colossus is really a just to illustrate.

With its buy-in that is affordable of565, and tantalizing $5 million fully guaranteed prize pool, it was designed to paper your house 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 Table

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

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

Not absolutely all the players were happy utilizing the payout structure of the Colossus, nonetheless, and several 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, quite a bit smaller compared to average competition.

‘Democratic’ Payout Framework

But this was part of the plan; a flat payout structure that could reward as much players as possible, with 2,241, or around ten percent of the industry, making the money.

Top heavy payout structures will be the norm, and in general that was created to reward the skillful player with an edge on the field. This had been poker with a lot more ‘democratic’ distribution of wealth in your mind, designed to keep the mid-level player delighted.

‘When you experience a crowd that could fill numerous recreations venues, there is very little else you are able to state,’ WSOP director that is executive Stewart said in a statement. ‘ We wish to thank every person who traveled from near and far to participate this event that is historic particularly the very first timers.

Similar to the indication claims, ‘ We Hope You return Soon.’ We like 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 been proposals for a casino regarding 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 is that New Jersey must do more to remain a leader today. 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 includes a few words to express in the issue when the thought of one casino in northern New Jersey was mentioned during the G2E annual gaming expo in Las Vegas year that is last.

The LVS chairman stated he’d jump at the chance to open a casino over the border from Manhattan, but would ‘think twice’ should casinos that are several 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 two-edged sword,’ he said. ‘If you go in there and spend a lot of money, then you may possibly wake up one day and Governor Cuomo or whoever is governor or mayor of New York City will say, ‘Look, they’re taking most of the New Yorkers’ money and they are sucking it up in that casino in the Meadowlands. So we’ve 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 electronically track players’ winnings through their customer loyalty cards for income 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 complained that the new proposals would be detrimental to customer experience, increase paper work and disrupt the casino flooring, also requiring expensive improvements to casino back-end systems.

The AGA, which represents operators and gaming suppliers that collectively support 1.7 million US jobs across 40 states, made its feelings clear in the shape of a 15-page formal comment submitted towards the IRS this week.

This arrived on the back of a letter sent by 17 bi-partisan users of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost company revenue resulting from the proposal could 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 associated with IRS recommendation that the rule could be enforced through the electronic tracking of players’ 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 regulations needing the industry to deploy its customer loyalty program for federal tax collection purposes,’ Freeman complained.

Freeman stated that the labor cost and lost business revenue that arises from the reporting of slot machine game winnings is burdensome, while the machines ‘lock up’ and are temporarily taken away from service after a jackpot of $1,200 is struck therefore that it can be reported to the IRS.

‘AGA is conscious of no other industry that is US must take its assets out associated with production of income to satisfy its tax reporting responsibilities,’ he said. ‘The proposed slot guidance that is reporting substantially magnify that burden on the casino to the stage of serious problems for its company by mandating the use of an advertising tool for tax information reporting purposes.’

Disruption 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, will be costly and disruptive, Freeman said, particularly for those casinos that run in multiple markets.

‘AGA casino members have expressed concern that to be able for their back-end systems to become able to compile, shop, and index for retrieval a sizable number of daily win/loss statements, costly investment could 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 modifications would be magnified for those of you gambling enterprises that operate in multiple markets.’

The AGA recently launched an online petition that 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 their ‘red notice’ list, a designation that will make it virtually impossible for those individuals to travel.

As the designation just isn’t the exact carbon copy of an arrest warrant for the suspects, it suggests them that they are subject 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 granted.

Similarly, previous FIFA professional committee member Nicolas Leoz of Paraguay ended up being already under house arrest at that time of his red notice being announced.

The four professionals receiving red notices included Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, in addition to Brazilian broadcast administrator Jose Margulies.

The Argentinians are faced with paying over $100 million in bribes so that you can secure media rights to soccer that is various.

Blatter Applauded at FIFA Headquarters

The FIFA scandal reached the highest office in the company (as well as perhaps the strongest person in activities) 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 your workplace for the fifth time.

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 users 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.

According to Reuters, a source near to FIFA said that it was fundamentally Blatter’s own advisors that convinced him to step down from 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 some of these probes, it had been still embarrassing for the association’s frontrunner, who saw even their lieutenant that is chief facing of corruption and bribery.

Numerous Candidates Could Vie for FIFA Presidency

Into the day since Blatter’s announcement, much 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 getting the most useful probability of using his place.

UEFA president Michel Platini appears to be the favourite, both among pundits plus the bookmakers at William Hill, who 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 had been the only person to perform against Blatter in the most recent election.

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

But there will tend 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 always been attempting to root down corruption in FIFA even though few others seemed to care.

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