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 number of Poker’s inaugural ‘Colossus’ competition has, as expected, smashed all the records to be the live poker tournament that is biggest ever staged.

Twenty-two thousand three hundred and seventy-four players ended up during the period of four Day 1 routes to relax and play in the event, beating the previous WSOP record, the 2006 Main Event, by (calculator out) 13,601 players.

The event represents a strategic departure for the WSOP and Caesars as the festival now has the extra aim of boosting the numbers at

Thus, in 2010’s Series is fully targeted at attract the ‘right’ sort of player, and lots of them: the sort 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 town.

The Colossus is really a full here’s an example.

With its affordable buy-in of $565, and tantalizing $5 million guaranteed prize pool, it ended up being designed to paper the house with players.

The WSOP is peppered with large-field, low buy-in events in 2010, and also includes an online bracelet tournament.

Mobiles at the Dining Table

For the time that is first players will be allowed 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 from the rule through the duration of the Series.

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

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

‘Democratic’ Payout Structure

But this was section 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 will be the norm, and generally speaking that is designed to reward the skillful player with an edge on the field. This ended up being 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 many sports venues, there is little else you’ll say,’ WSOP director that is executive Stewart said in a statement. ‘ We would like to thank everybody else whom traveled from near and far to engage in this event that is historic specially the very first timers.

Just as the sign claims, ‘ We Hope you soon come back.’ We want to bring poker enthusiasts together which help build momentum that is positive the game.’

This week, Hard Rock Overseas and the Meadowlands Racetrack are expected to unveil plans for a casino in East Rutherford, home to the New York Giants and brand new York Jets.

Meanwhile, there were proposals for a casino on the waterfront in Jersey City, straight 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 recovery and revitalization efforts,’ declared Huttle.

‘The reality of video gaming today is the fact that nj-new jersey must do more to remain a leader. We have to start out competing or we continues to fall behind in our area and in the country.’

Sheldon’s Warning

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

The LVS chairman said he’d leap at the opportunity to open a casino across the border from Manhattan, but would ‘think twice’ should several casinos be proposed for the area.

He additionally warned against the short-termism of seeing casino expansion as a magic pill for economic problems.

‘Look, it’s a two-edged blade,’ he stated. ‘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 funds in 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 taxation purposes. (Image:

The American Gaming Association (AGA) has struck down 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 harmful to customer experience, increase paper work and disrupt the casino floor, along with 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 form of a 15-page formal comment submitted to the IRS this week.

This arrived on the rear 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 proposition could be ‘detrimental to local, state and national economies that depend on those revenue to help critical services.’

Severe Harm to Company

AGA President Geoff Freeman was particularly critical of the IRS recommendation that the rule could possibly be enforced through the tracking that is electronic of’ gambling habits through their customer commitment 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 tax collection purposes,’ Freeman complained.

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

‘AGA is mindful of no other US industry that must take its assets out regarding the production of income to fulfill its tax reporting obligations,’ he said. ‘The proposed slot guidance that is reporting substantially magnify that burden on the casino to the level of serious injury to its company by mandating the employment 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 to allow them to comply with the proposed regulations, will be 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 number of day-to-day win/loss statements, costly investment would be necessary in development and in a substantial enhance into the current storage and processing power of these systems. This investment that is costly the required back-end systems modifications would be magnified for all casinos that operate in multiple markets.’

The AGA recently established 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 anyone people to travel.

Whilst the designation isn’t the exact carbon copy of an arrest warrant for the suspects, it advises them which they are topic 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 recently been arrested in his home nation of Trinidad and Tobago, but had since been released before the notice that is red granted.

Likewise, former FIFA administrator committee member Nicolas Leoz of Paraguay had been already under house arrest at the time of his red notice being established.

The four executives receiving notices that are red Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, as well as Brazilian broadcast administrator Jose Margulies.

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

Blatter Applauded at FIFA Headquarters

The FIFA scandal reached the office that is highest into the company (and maybe 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 substitute could be elected.

Blatter’s announcement arrived just days after he had been re-elected to the office for the fifth time.

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

According to reports, he gave the 400 staff members 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 close to FIFA said that it was finally Blatter’s very 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 absolutely was still embarrassing for the association’s frontrunner, who saw also his primary lieutenant facing accusations of corruption and bribery.

Numerous Candidates Could Vie for FIFA Presidency

Into the since Blatter’s announcement, much of the speculation by media members and football fans has been about who his successor will be day. There are several viable candidates, though a stand that is few as getting the best likelihood of using his place.

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

Another popular choice is Prince Ali bin al-Hussein of Jordan, who was the only person to run against Blatter in the most election that is recent.

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

But there are likely 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 members 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 for ages been attempting to root out corruption in FIFA even though few others seemed to care.