The Trump Taj Mahal in Atlantic City has begun the entire process of shutting straight down, beginning with the closing of one casino tower.
The Trump Taj Mahal has entered the early phases of a shutdown, even while the Atlantic City resort continues to talk to union representatives and state officials about deals the home’s owners say could save the casino.
Trump Entertainment filed a petition the other day looking for permission to formally close the casino on the scheduled December 12 date that has been floated for some time ladbrokes casino app now, and actions working towards that closure begun to take destination on Monday this week.
The signs that are first the resort might be headed for a shutdown began on Monday, when the Chairman Tower of the resort was closed. The Chairman is the more recent associated with the two hotel towers during the resort. In addition, the casino has stopped issuing credit to customers, though gambling and hotel services are otherwise uninterrupted for enough time being.
Concessions Desired 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 business and Icahn have stated that this could only take place when they could get income tax breaks from Atlantic City and the state of New Jersey, and when they could get concessions through the work union that represents workers at the casino.
Neither the national government nor the union has shown much of a need to surrender to these demands. However, speaks have been ongoing and there may be some indications of movement within the last few times, that could offer at least a small glimmer of hope to those who want to see the Taj Mahal stay static in business.
Local 54 of the UNITE-HERE union, which represents about 2,700 workers at the resort, has been appealing a bankruptcy court decision that would break the present agreement between the union and Trump Entertainment, which would in turn let the company to get rid of payments to the union health fund and pension plans.
Icahn has 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 or not they would accept this kind of deal.
New Legislation Could Provide Tax Relief
Meanwhile, a brand new piece of legislation introduced on Tuesday by State Senate President Steve Sweeney (D-3rd District) and State Senator James Whelan (D-2nd District) would provide some of the tax relief that Icahn and Trump Entertainment have been lobbying for. The brand new bill would enable Atlantic City’s gambling enterprises to pay for $150 million in place of their normal tax payments over the next two years, while also redirecting money originally designed for redevelopment tasks to greatly help pay down Atlantic City’s debt.
While the tax relief has some features in normal with exactly what the Taj Mahal is asking for from the continuing state, Trump Entertainment CEO Robert Griffin would just say that ‘ we shall see’ if the bill would be enough to keep the Taj Mahal open.
The bill would also help secure some for the demands being created by casino worker unions by mandating health that is minimum and your retirement packages for casino employees.
‘My plan was created to protect Atlantic City from bankruptcy and position the city for future economic growth,’ Sweeney said.
Four casinos 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 taken off the market by the end of the as Yahoo has announced that they will be eliminating a number of their older games at that time year. The move comes not long after a strong marketing push for the overall game, one that prompted speculation that the Internet company could 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 products,’ read a statement on the yahoo Poker page that is main. The knowledge also reappeared in a message that is pop-up players as soon as the game loaded.
Advertising Drive Suggested Big Plans for Poker
Yahoo Poker has existed in various forms for many years, dating back to at least the 1990s that are late. Nonetheless, the site just recently began getting a noticeable marketing push that made some wonder in the event that business had larger plans for the Texas Hold’em 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 having a social game than any real cash poker site, however. Players could purchase chips that are additional a handful of other perks in the game, but there were no awards and no games were really played for cash. But one or more analyst saw the advertising push as a sign that Yahoo might be looking to do more into the poker world.
‘The brand new Yahoo Texas Hold’em portal could be easily monetized if the appropriate environment were to become more favorable,’ wrote Marc Edelman, a co-employee Professor of Law at the town University of New York’s Baruch College, in a piece for Forbes. ‘It seems for now that Yahoo is certainly preparing in advance for the potential day of widespread, appropriate online poker.’
That analysis may happen a bit optimistic, as Yahoo has made no indication that they are moving towards providing real cash online poker or gambling any place in the world. But it launched speculation throughout the poker community, with some players saying they might welcome a new heavyweight in the entire world of Web gambling.
Yahoo Poker Could Return in New Form
The announced shutdown, but, should end speculation that is such at least for the present time. According to Yahoo, the move was made because many of their games that are classic now outdated. Because the company’s sites will have higher security requirements and use new supporting technologies, these games are now ‘incompatible, insecure and no longer functioning precisely.’
Forbes also quoted an email by Yahoo Games PR Manager Sean Hamel, which stated that the main reason the games were being dropped was ‘to streamline our product offerings and focus our energy and resources on developing for Yahoo’s core experiences.’
If you will miss Yahoo’s poker game, there could be hope into the future. While no details are yet available, Yahoo has stated that new games will be launched which may better meet their pc software and security demands. It’s likely that these games will mostly undertake the modern ‘free-to-play’ format that allows players to buy in-game perks for real money, a model known well to players of games like Farmville and Candy Crush.
Assemblyman Mike Gatto Wants California On-line Poker Bill Passage in 2015
California Assemblyman Mike Gatto, sponsor of Bill AB 9, which is yet another try to legalize online poker in the Golden State. (Image: AP/Rich Pedroncelli)
A new bill that seeks to legalize California 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 establish a regulatory framework that would permit the offering of online poker for players located physically within their state’s borders.
If passed, it would allow games to be installed and operating within 180 days.
‘Ca has led the planet in internet and computer innovation, and there’s no justification why we can’t continue to lead with a sensible online-poker framework,’ announced Gatto. ‘AB 9 borrows from time-tested business practices that will improve our government funds and keep our money within our home state.’
The bill adopts much of the language utilized by previously proposed legislation that have so far foundered in California.
It limits potential licensees to current 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 manufacturer with the exact same or similar wording, or any trade or solution mark, software, technology, functional system, client information, or other information acquired, 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 into the United States on any style of Internet gaming after December 31, 2006.’
Door Slightly Ajar
In the beginning glance, this language seems to preclude PokerStars’ entry to the market, nevertheless the bill also includes a clause stating that regulators will have the ability to waive the application of the above paragraph supplied that the operator’s ‘use of the covered assets in connection with intrastate Internet video gaming will not adversely affect the integrity of, or undermine public confidence in, intrastate Internet poker or otherwise pose a threat to your public interest or to your 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 door is definately not wide open, but it really is slightly ajar.
The PokerStars question is a huge huge sticking point that has prevented stakeholders from agreeing in the language of previous bills, and it’s one of the reasons internet poker hadsstalled in California in the past.
A sizable coalition of tribal operators is vehemently opposed to an online that is regulated space that may include PokerStars. On the other side of the coin, the Morongo Band of Mission Indians, allied aided by the poker clubs that are largest in the state, including the Commerce, the Bike and the Hawaiian Gardens, have signed an understanding with PokerStars to work together in a potential post-regulatory environment.
The San Manuel Band also recently defected to the PokerStars camp. However, it may well be that there’s enough in the language of this bill to appease both camps.
Land-Based Sign-Ups Only
Another aspect that is crucial of bill is that players will be needed to generate accounts in person at the poker web site’s affiliated land-based cardroom, a measure presumably made to restrict underage play, but which could well stymie the development of the overall game in the state. But, Gatto is confident that this bill could finally make 2015 the that California gets fully legal, regulated, and taxed online poker year.