04 Mar Trump Taj Mahal Atlantic City Shutdown Moving Ahead
The Trump Taj Mahal in Atlantic City has begun the process of shutting down, beginning with the closure of 1 casino tower.
The Trump Taj Mahal has entered the first phases of a shutdown, even while the Atlantic City resort continues to talk to union representatives and state officials about deals the property’s owners say could save the casino.
Trump Entertainment filed a petition week that is last for authorization to formally close the casino on the scheduled December 12 date that has been floated for some time now, and actions working towards that closing began to take spot on Monday this week.
The first indications that the resort could possibly be headed for a shutdown began on Monday, if the Chairman Tower of the hotel was closed. The Chairman may be the newer of this two hotel towers at the resort. In addition, the casino has stopped credit that is issuing customers, though gambling and hotel services are otherwise uninterrupted for the time being.
Concessions Wanted from Government, Unions
Trump Entertainment Resorts has said that the casino could remain open through a transfer of ownership to investor Carl Icahn. But, both the company and Icahn have stated that this could only happen when they could receive income tax breaks from Atlantic City and the state of New Jersey, and if they could get concessions from the labor union that represents workers during the casino.
Neither the government nor the union has shown much of a desire to cave in to these demands. However, talks have been ongoing and there may be some indications of movement in the last few times, which could offer at least a glimmer that is small of to those who want to see the Taj Mahal stay in company.
Local 54 of the UNITE-HERE union, which represents about 2,700 workers at the resort, was appealing a bankruptcy court decision that will break the current contract between the union and Trump Entertainment, which would in turn enable the company to finish payments to the union health fund and pension plans.
Icahn has now publicly stated in turn will drop their appeal of the bankruptcy court ruling that he would be willing to agree to restore those health benefits for at least two years and create a new pension plan for workers, but only if they. The union has yet to comment on whether they would accept such a deal.
New Legislation Could Provide Tax Relief
Meanwhile, a brand new little bit of legislation introduced on Tuesday by State Senate President Steve Sweeney (D-3rd District) and State Senator James Whelan (D-2nd District) would provide a number of the tax relief that Icahn and Trump Entertainment have been lobbying for. The bill that is new allow Atlantic City’s casinos to pay for $150 million in place of their normal tax payments on the next 2 yrs, while additionally redirecting money originally made for redevelopment tasks to help pay down Atlantic City’s financial obligation.
While the tax relief has some features in normal with what the Taj Mahal is ladbrokes casino Â£25 no deposit asking for from the continuing state, Trump Entertainment CEO Robert Griffin would only say that ‘ we will see’ if the bill is enough to keep the Taj Mahal open.
The bill would also help secure some of the demands being produced by casino worker unions by mandating minimum wellness insurance and your retirement packages for casino employees.
‘My plan is made to protect Atlantic City from bankruptcy and position the city for future growth that is economic’ Sweeney stated.
Four gambling enterprises have already closed in Atlantic City this if the Trump Taj Mahal were to close, only seven would remain in the city year.
Yahoo Poker Coming Off US Market Amid Classic Game Elimination
Yahoo will remove poker and other games from its collection that is online on 31. (Image: Yahoo.com)
Yahoo Poker will be removed the market at the end of the year, as Yahoo has established which they are eliminating lots of these older games at the period. The move comes not long after a marketing that is strong for the game, one that prompted speculation that the Internet company might be looking to enter the world of a real income online gambling.
‘As of December 31st, 2014, Yahoo Games will no longer offer the Yahoo Classic Games including Yahoo Poker, Yahoo Pool and Yahoo Bingo on web or mobile devices,’ read a statement on the yahoo Poker page that is main. The information also reappeared in a pop-up message for players as soon as the game packed.
Advertising Push Suggested Big Plans for Poker
Yahoo Poker has existed in various forms for several years, dating back to at least the 1990s that are late. Nevertheless, the site only recently started getting a noticeable marketing push that made some wonder in the event that business had bigger plans because of its Texas holdem game. The same demographic often targeted for online poker in November, ads for the game started showing up on Yahoo’s fantasy football web pages, which is some of the company’s most valuable ad space for attracting young male consumers.
This version of Yahoo Poker shared much more in common by having a game that is social any real money poker site, however. Players could buy chips that are additional a handful of other perks in the overall game, but there were no prizes and no games were actually played for money. But at least one analyst saw the advertising push as being a sign that Yahoo might be looking to do more within the poker world.
‘The new Yahoo Texas Hold’em portal could be effortlessly monetized if the environment that is legal to become more favorable,’ wrote Marc Edelman, a co-employee Professor of Law at the town University of the latest York’s Baruch College, in an item for Forbes. ‘It seems for now that Yahoo is certainly planning in advance for the potential day of widespread, appropriate online poker.’
That analysis may have already been a bit positive, as Yahoo has made no indication that they are moving towards providing real cash online poker or gambling anywhere in the world. But it launched speculation throughout the poker community, with a few players saying they might welcome a heavyweight that is new the world of Web gambling.
Yahoo Poker Could Return in Brand New Form
The announced shutdown, but, should stop speculation that is such at least for the time being. According to Yahoo, the move had been made because many of their games that are classic now outdated. These games are now ‘incompatible, insecure with no longer functioning correctly. since the company’s websites now have greater security needs and make use of new supporting technologies’
Forbes also quoted an e-mail by Yahoo Games PR Manager Sean Hamel, which said that the main explanation the games were being dropped was ‘to streamline our item offerings and focus our energy and resources on developing for Yahoo’s core experiences.’
If you will miss Yahoo’s poker game, there might be hope into the future. While no details are yet available, Yahoo has said that new games will be launched which may better meet their computer software and security requirements. It’s likely that these games will mostly accept the modern ‘free-to-play’ format that enables players to buy perks that are in-game genuine cash, a model known well to players of games like Farmville and Candy Crush.
Assemblyman Mike Gatto Wants California Internet Poker Bill Passage in 2015
California Assemblyman Mike Gatto, sponsor of Bill AB 9, that is just one more make an effort to legalize poker that is online the Golden State. (Image: AP/Rich Pedroncelli)
A bill that is new seeks to legalize Ca internet poker in 2015 has been introduced by Assemblyman Mike Gatto this week. Bill AB 9, dubbed the ‘Internet Poker Consumer Protection Act of 2015,’ aims to ascertain a regulatory framework that would permit the providing of internet poker for players located physically within the state’s borders.
If passed, it would allow games to be up and running within 180 days.
‘Ca has led the world in internet and computer innovation, and there’s no reason that is good we can not continue to lead by having a sensible online-poker framework,’ announced Gatto. ‘AB 9 borrows from time-tested business practices that may improve our government funds and keep our money within our home state.’
The bill adopts a lot of the language utilized by previously proposed legislation which have to date foundered in California.
It limits potential licensees to existing tribal operators and cardrooms, and pledges to be tough on ‘bad actors,’ outlining the unwelcome status of ‘any brand or business name, including any derivative brand name with the exact same or similar wording, or any trade or service mark, software, technology, functional system, consumer information, or other information obtained, derived, or developed directly or indirectly from, or associated with, any procedure that has accepted a bet or engaged in a monetary transaction related to that bet from any person in the United States on any style of Internet gaming after December 31, 2006.’
Door Slightly Ajar
At first glance, this language appears to preclude PokerStars’ entry to the market, however the bill also incorporates a clause stating that regulators can realize your desire to waive the effective use of the above paragraph provided that an operator’s ‘use of the covered assets in connection with intrastate Internet gaming will not adversely impact the integrity of, or undermine public confidence in, intrastate Internet poker or otherwise pose a risk to your public interest or towards the effective regulation and control of intrastate Internet poker.’
In other words: ‘We actually might let PokerStars in, but only like it,’ is the implied message if we feel. The home is far from wide open, but it’s slightly ajar.
The PokerStars question is a huge huge sticking point that has prevented stakeholders from agreeing on the language of past bills, plus it’s among the reasons online poker hadsstalled in California in the past.
A sizable coalition of tribal operators is vehemently opposed to a regulated online poker space that may consist of PokerStars. On the other hand of the coin, the Morongo Band of Mission Indians, allied using the poker clubs that are largest in the state, such as the Commerce, the Bike and the Hawaiian Gardens, have finalized an agreement with PokerStars to work together in a prospective post-regulatory environment.
The San Manuel Band also recently defected to the PokerStars camp. But, it might well be that there surely is enough into the language of this bill to appease both camps.
Land-Based Sign-Ups Only
Another important aspect of the bill is the fact that players will be needed to generate accounts in individual at the poker web site’s affiliated land-based cardroom, a measure presumably designed to restrict underage play, but which may well stymie the development of the overall game in the state. But, Gatto is confident that this bill could finally make 2015 the 12 months that California gets fully legal, regulated, and taxed online poker.