Trump T<span id="more-109254"></span>aj Mahal Atlantic City Shutdown Moving Ahead

The Trump Taj Mahal in Atlantic City has begun the entire process of shutting down, you start with the closing of just 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 property’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 now, and actions working towards that closing begun to take destination on Monday this week.

The first signs that the resort could possibly be headed for a shutdown began on Monday, once the Chairman Tower associated with hotel was closed. The Chairman is the newer associated with the two hotel towers at the resort. In addition, the casino has stopped issuing credit to customers, though gambling and hotel services are otherwise uninterrupted for the 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. Nevertheless, both the company and Icahn have stated that this could only happen should they could receive taxation breaks from Atlantic City and the state of New Jersey, and if they could get concessions through the labor union that represents workers at the casino.

Neither the government nor the union has shown much of a want to surrender to these demands. However, talks have actually 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 remain in company.

Local 54 of the UNITE-HERE union, which represents about 2,700 employees at the resort, has been appealing a bankruptcy court decision that could break the current agreement between the union and Trump Entertainment, which would in change permit the company to end payments to the union health fund and retirement plans.

Icahn has publicly stated he would be willing to agree to restore those health advantages for at least two years and create a new pension plan for workers, but only if they in change will drop their appeal of the bankruptcy court ruling. The union has yet to comment on if they would accept such a deal.

New Legislation Could Provide Tax Relief

Meanwhile, a piece that is new of introduced on Tuesday by State Senate President Steve Sweeney (D-3rd District) and State Senator James Whelan (D-2nd District) would offer a number of the tax relief that Icahn and Trump Entertainment happen lobbying for. The bill that is new allow Atlantic City’s casinos to pay for $150 million in place of their normal tax payments over the next couple of years, while additionally redirecting money originally made for redevelopment jobs to aid pay down Atlantic City’s financial obligation.

While the tax relief has some features in common with what the Taj Mahal was asking for from the continuing state, Trump Entertainment CEO Robert Griffin would only say that ‘ we shall see’ if the bill would be enough to keep the Taj Mahal open.

The bill would also help secure some associated with the demands being created by casino worker unions by mandating health that is minimum and retirement packages for casino employees.

‘My plan is designed to protect Atlantic City from bankruptcy and position the city for future financial 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 Poker will be removed the market at the conclusion 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 having a strong advertising push for the game, one that prompted speculation that the Internet company may be seeking to enter the world of real money 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 main Yahoo Poker page. The details also reappeared in a message that is pop-up players if the game packed.

Marketing Push Suggested Big Plans for Poker

Yahoo Poker has been around in various forms for quite some time, dating back to at least the late 1990s. Nevertheless, the site just recently started getting a noticeable marketing push that made some wonder if the business had larger plans because of its Texas hold em game. In November, ads for the game started arriving on Yahoo’s fantasy football web pages, which will be a number of the company’s most effective ad area for attracting young male consumers, the same demographic often targeted for internet poker.

This version of Yahoo Poker shared much more in common having a social game than 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 awards and no games were really played for cash. But a minumum of one analyst saw the advertising push being a sign that Yahoo might be looking to do more into the poker globe.

‘The brand 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 ahead of time for the potential time of widespread, appropriate online poker.’

That analysis may have been a bit positive, as Yahoo has made no indication that they have been moving towards offering real money 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 heavyweight that is new the planet of Internet gambling.

Yahoo Poker Could Return in New Form

The announced shutdown, nevertheless, should put an end to speculation that is such at least for the present time. According to Yahoo, the move ended up being made because many of their classic games are now outdated. Because the organization’s sites are in possession of higher security requirements and make use of brand new supporting technologies, these games are actually ‘incompatible, insecure with no longer functioning precisely.’

Forbes also quoted an e-mail by Yahoo Games PR Manager Sean Hamel, which said that the reason that is main games were being dropped was ‘to streamline our product offerings and focus our energy and resources on developing for Yahoo’s core experiences.’

For many who will miss Yahoo’s poker game, there could be hope in the future. While no details are yet available, Yahoo has said that new games will be launched that may better meet their computer software and security requirements. It’s likely that these games will mostly take on the modern ‘free-to-play’ format that allows players buying perks that are in-game genuine money, 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 will be yet another try to legalize poker that is online the Golden State. (Image: AP/Rich Pedroncelli)

A bill that is new seeks to legalize California on-line 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 enable the providing of internet poker for players located physically within hawaii’s borders.

If passed, it would allow games to be installed and operating 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 with a sensible online-poker framework,’ announced Gatto. ‘AB 9 borrows from time-tested business practices that will improve our government finances and keep our money inside our home state.’

The bill adopts a lot of the language utilized by previously proposed legislation that 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 unwanted status of ‘any brand name or business name, including any derivative manufacturer with the same or similar wording, or any trade or service mark, software, technology, operational system, customer 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 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, but the bill also incorporates a clause stating that regulators will have the ability to waive the use of the above paragraph provided that an operator’s ‘use of the covered assets in connection with intrastate Internet video gaming will not adversely impact the integrity of, or undermine public confidence in, intrastate Internet poker or otherwise pose a threat 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 if we feel it,’ is the implied message. The door is not even close to wide available, but it is slightly ajar.

The PokerStars question is a huge sticking point that has prevented stakeholders from agreeing regarding the language of previous bills, also it’s among the reasons internet poker hadsstalled in California into the past.

A sizable coalition of tribal operators is vehemently opposed to an online that is regulated space that might include PokerStars. On the reverse side of the coin, the Morongo Band of Mission Indians, allied with the largest poker clubs in the state, such as the Commerce, the Bike and the Hawaiian Gardens, have signed an agreement with PokerStars to work together in a possible post-regulatory environment.

The San Manuel Band also recently defected to the PokerStars camp. But, it may well be that there surely is enough within the language of this bill to appease both camps.

Land-Based Sign-Ups Only

Another important aspect of the bill is that players will be required to produce reports in individual at the poker site’s affiliated land-based cardroom, a measure presumably made to restrict underage play, but which might well stymie the growth of the 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.