WSOP Colossus Becomes Greatest 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 turned out during the period 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 function represents a departure that is strategic the WSOP and Caesars as the festival now has the extra aim of boosting the numbers at WSOP.com.
Thus, this present year’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 city.
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 was designed to paper your house with players.
The WSOP is peppered with large-field, low buy-in events this year, and even includes a bracelet tournament that is online.
Mobiles at the Dining Table
For the first-time, players will be permitted to bring 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 guideline throughout the duration of the Series.
Last year, WSOP.com cash game traffic rose 24 percent in the week that is first of Series alone, this means it’s likely to be also higher this year. Industry number-cruncher, PokerScout.com has conservatively suggested that the spike will be at the least 50 percent.
Only a few the players were happy with all the payout structure for the Colossus, but, 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, significantly smaller compared to average tournament.
‘Democratic’ Payout Framework
But this was element of the plan; a flat payout framework that could reward as many players as feasible, 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 ended up being poker with a lot more ‘democratic’ circulation of wealth at heart, designed to keep the mid-level player pleased.
‘When you visit a crowd that could fill many sports venues, there is little else you can say,’ WSOP director that is executive Stewart said in a statement. ‘ We wish to thank everyone whom traveled from near and far to be part of this historic event, particularly the first timers.
Just like the sign states, ‘ We Hope You return Soon.’ We like to bring poker enthusiasts together and https://myfreepokies.com/casino-royale/ help build momentum that is positive the game.’
This week, Hard Rock Global and the Meadowlands Racetrack are anticipated to unveil plans for a casino in East Rutherford, home to this new York Giants and brand new York Jets.
Meanwhile, there are proposals for a casino regarding 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 video gaming today is the fact that New Jersey must do more to remain a leader. We have to start competing or we will continue to fall behind in our region and into the national nation.’
Sheldon’s Warning
Interestingly, Sheldon Adelson includes a few terms to express regarding the issue when the idea of one casino in northern New Jersey was mentioned at the G2E annual gaming expo in Las Vegas last year.
The LVS chairman stated he’d jump at the chance to open a casino throughout 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 being 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 cash, then you may 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 of the New Yorkers’ money and they are sucking it for the reason that casino within the Meadowlands. 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: casinoconnectionac.com)
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 proposals that are new be detrimental to customer experience, increase paper work and disrupt the casino flooring, in addition to needing 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 shape of a 15-page formal comment submitted towards the IRS this week.
This came on the trunk 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 from the proposal is ‘detrimental to local, state and national economies that depend on those revenue to help 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 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 taxation collection purposes,’ Freeman reported.
Freeman said that the work lost and cost business revenue that arises from the reporting of video slot winnings has already been burdensome, as the devices ‘lock up’ and are temporarily taken away from service after a jackpot of $1,200 is hit therefore that it can be reported to the IRS.
‘AGA is conscious of no other industry that is US must take its assets out of the production of revenue to fulfill its tax reporting obligations,’ he said. ‘The proposed slot reporting guidance would substantially magnify that burden in the casino to the level of serious injury to its business by mandating the use of a marketing device for tax information reporting purposes.’
Disruption to Backend
Furthermore, the reprogramming of the casino’s back end systems, which may be necessary in order for them to adhere to 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 so as for their back-end systems to be able to compile, shop, and index for retrieval a sizable quantity of daily win/loss statements, costly investment could be necessary in programming and in a substantial enhance in the current storage and processing power of these systems. This costly investment in the required back-end systems modifications would be magnified for all gambling enterprises that operate in numerous markets.’
The AGA recently launched 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 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 people individuals to travel.
While the designation just isn’t the equivalent of an arrest warrant for the suspects, it suggests them that they are topic to the possibility of arrest anywhere they might travel.
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 recently been arrested in his home nation of Trinidad and Tobago, but had since been released prior to the red notice was released.
Similarly, former FIFA administrator committee member Nicolas Leoz of Paraguay had been already under house arrest during the time of his red notice being established.
The four executives 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 (and perhaps the most powerful person in recreations) on Tuesday, when president Sepp Blatter made the announcement that he would resign from their post sometime in the next year, as soon as a replacement could be elected.
Blatter’s announcement came just days after he had been re-elected to your office for the time that is fifth.
Upon coming back to FIFA’s Zurich head office on Wednesday, Blatter had been offered a ten-minute standing ovation by personnel.
According to reports, he gave the 400 staff users 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 committee that is executive.
According to 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
Into the day since Blatter’s statement, a lot of the speculation by media users and football fans happens to be about whom his successor will be. There are several viable candidates, though a few stand out as getting the best probability of using his place.
UEFA president Michel Platini generally seems to be the favourite, both among pundits and also 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 not to run for reelection.
Another popular choice will likely be Prince Ali bin al-Hussein of Jordan, who was the only person to perform against Blatter in the most recent election.
He’s listed at 7-4 odds, plus the Jordanian Football Association states it is looking into FIFA’s own rules to see if Prince Ali must certanly be granted the career based on his second-place finish in Friday’s election.
But there will tend to be many candidates throw about in the occasions 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 should be the next FIFA president, noting that Maradona had always been attempting to root out corruption in FIFA even if few other people seemed to care.
