WSOP Colossus Becomes Greatest Live Poker Tournament Ever

WSOP Colossus Becomes Greatest Live Poker Tournament Ever

The Colossus has been a success so far.

The planet variety of Poker’s inaugural ‘Colossus’ competition 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 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 festival now has the extra aim of boosting the numbers at

Hence, in 2010’s Series is fully geared to attract the ‘right’ sort of player, and a lot of them: the type 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 really a here’s an example.

With its affordable buy-in of $565, and tantalizing $5 million assured prize pool, it was 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 bring 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 through the entire duration of the Series.

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

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

‘Democratic’ Payout Framework

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

Top heavy payout structures are the norm, and in general that is made to reward the skillful player with an edge on the field. This was poker with a far more ‘democratic’ circulation of wealth in mind, designed to keep the mid-level player happy.

‘When you visit a crowd that could fill many sports venues, there’s not much else it is possible to state,’ WSOP executive director Ty Stewart said in a statement. ‘ We would like to thank everybody else whom traveled from near and far to engage in this historic event, particularly the first timers.

Similar to the sign claims, ‘ We Hope You keep coming back Soon.’ We like to bring poker enthusiasts together which help build good momentum for 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 happen proposals for the casino in the waterfront in Jersey City, directly across from Lower Manhattan.

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

‘The reality of gaming today is nj-new jersey must do more to stay a leader. We have to start competing or we will continue to fall behind in our area and in the nation.’

Sheldon’s Warning

Interestingly, Sheldon Adelson has a few words to say in the issue when the thought of one casino in northern New Jersey was brought up at the G2E annual gaming expo in Las Vegas last year.

The LVS president stated he’d jump at the opportunity to open a casino throughout the border from Manhattan, but would ‘think twice’ should casinos that are several 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 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 open one up, and keep the cash in New York.’ ‘

AGA Formally Denounces Slot Winnings Taxation Proposals

AGA President Geoff Freeman is aghast during 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 complained that the proposals that are new be detrimental to customer experience, increase paper work and disrupt the casino flooring, as well as 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 by means of a 15-page comment that is formal to your IRS this week.

This came on the back of a letter 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 proposal would 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 associated with the IRS recommendation that the rule could possibly 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 requiring the industry to deploy its customer loyalty program for federal taxation collection purposes,’ Freeman reported.

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

‘AGA is mindful of no other industry that is US must take its assets out associated with production of income to fulfill its tax reporting obligations,’ he said. ‘The proposed slot guidance that is reporting substantially magnify that burden in the casino to the level 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, could be troublesome and costly, Freeman said, particularly for those casinos that operate in multiple markets.

‘AGA casino members have expressed concern that in order for their back-end systems to be able to compile, shop, and index for retrieval a sizable number of day-to-day win/loss statements, costly investment is necessary in development and in a substantial enhance in 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 numerous markets.’

The AGA recently established an online petition that 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 police human anatomy, 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 all people to travel.

As the designation just isn’t the equivalent of an arrest warrant for the suspects, it suggests them they are topic towards the 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 recently been arrested in his home nation of Trinidad and Tobago, but had since been released ahead of the red notice was given.

Likewise, previous FIFA administrator committee member Nicolas Leoz of Paraguay ended up being already under house arrest at the time of his red notice being announced.

The four professionals 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 so that you can secure media liberties to various soccer tournaments.

Blatter Applauded at FIFA Headquarters

The FIFA scandal reached the highest office in the company (and perhaps the strongest 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 replacement could be elected.

Blatter’s announcement came just days after he previously been re-elected towards the workplace for the fifth time.

Upon going back to FIFA’s Zurich headquarters on Wednesday, Blatter had been offered a ten-minute standing ovation by staff members.

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

According to Reuters, a source near to FIFA said that it was fundamentally Blatter’s very own advisors that convinced him to step down through the presidency following 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 leader, who saw also his main lieutenant facing accusations of corruption and bribery.

Numerous Candidates Could Vie for FIFA Presidency

In the day since Blatter’s announcement, a lot of the speculation by media people and football fans happens to be about who his successor will be. There are several viable candidates, though a stand that is few as having the most readily useful odds of taking his place.

UEFA president Michel Platini appears to be the favourite, both among pundits while the bookmakers at William Hill, whom list him at 6-5 odds. UEFA was a hotbed of criticism for Blatter, and Platini had formerly asked Blatter to not run for reelection.

Another popular choice will likely be 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, and also the Jordanian Football Association states that it’s looking into FIFA’s own rules to see if Prince Ali should be granted the career based on his second-place finish in Friday’s election.

But there could be many candidates throw about in the times 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 ought to be the next FIFA president, noting that Maradona had always been attempting to root down corruption in FIFA even though few other people seemed to care.

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