The Trump Taj Mahal in Atlantic City has begun the entire process of shutting down, starting 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 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 closure started initially to take spot on Monday this week.
The signs that are first the resort might be headed for a shutdown began on Monday, once the Chairman Tower for the resort was closed. The Chairman may be the more recent of this two hotel towers during 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. Nevertheless, both the business and Icahn have said that this could only take place should they could get taxation breaks from Atlantic City and the state of New Jersey, and when 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 surrender to these demands. However, speaks have been ongoing and there may be some indications of movement in the last few days, which may offer at minimum 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, has been appealing a bankruptcy court decision that would break the current contract between the union and Trump Entertainment, which would in change enable the company to get rid of payments to your union health fund and retirement plans.
Icahn has publicly stated he would be willing to accept restore those health benefits for at the least two years and create a new pension plan for workers, but only if they in turn will drop their appeal of the bankruptcy court ruling. The union has yet to comment on whether they would accept this type of 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 some of the tax relief that Icahn and Trump Entertainment have been lobbying for. The bill that is new enable Atlantic City’s gambling enterprises to cover $150 million in lieu of their normal tax payments over the next couple of years, while additionally redirecting money originally designed for redevelopment tasks to aid pay down Atlantic City’s debt.
While the tax relief has some features in common with exactly what the Taj Mahal has been asking for from the continuing state, Trump Entertainment CEO Robert Griffin would just say that ‘ we are going to see’ if the bill is enough to help keep the Taj Mahal open.
The bill would also help secure some associated with the demands being made by casino worker unions by mandating health that is minimum and your retirement packages for casino employees.
‘My plan is made to protect Atlantic City from bankruptcy and position the city for future financial growth,’ Sweeney stated.
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 flourished the market at the end of the year, as Yahoo has established they will likely be eliminating lots of these older games at the period. The move comes not long following a strong marketing push for the overall game, one that prompted speculation that the Internet company could 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 devices,’ read a statement on the main Yahoo Poker page. The knowledge also reappeared in a pop-up message for players if the game packed.
Marketing Drive Suggested Big Plans for Poker
Yahoo Poker has been around in various forms for several years, dating back to at least the 1990s that are late. Nonetheless, the site only recently began getting a noticeable marketing push that made some wonder if the business had larger 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 with a social game than any real cash poker site, however. Players could buy chips that are additional a handful of other perks in the game, but there had been 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 in the poker globe.
‘The new Yahoo Texas Hold’em portal could be easily monetized if the legal environment were to become more favorable,’ wrote Marc Edelman, a co-employee Professor of Law at the City 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 time of widespread, appropriate online poker.’
That analysis may have been a bit optimistic, as Yahoo has made no indication that they’re moving towards offering money that is real poker or gambling any place in the world. However it launched speculation throughout the poker community, with some players saying they would welcome a new heavyweight in the entire world of online gambling.
Yahoo Poker Could Return in New Form
The announced shutdown, but, should put an end to speculation that is such at least for the present time. According to Yahoo, the move had been made because many of their classic games are now outdated. These games are now ‘incompatible, insecure with no longer functioning correctly. since the company’s websites now have higher security requirements and utilize new supporting technologies’
Forbes also quoted an e-mail by Yahoo Games PR Manager Sean Hamel, which stated 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 may be hope into the future. While no details are yet ladbrokes casino bonus available, Yahoo has stated that new games will be launched that might better meet their security and software demands. It’s likely that these games will mostly undertake the modern ‘free-to-play’ format that allows players to get 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 On-line Poker Bill Passage in 2015
California Assemblyman Mike Gatto, sponsor of Bill AB 9, that will be just one more try to legalize online poker in the Golden State. (Image: AP/Rich Pedroncelli)
A bill that is new seeks to legalize California online 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 framework that is regulatory would let the providing of internet poker for players located physically within the state’s borders.
If passed, it would allow games to be ready to go within 180 days.
‘Ca has led the entire world in internet and computer innovation, and there is no good reason why we cannot carry on 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 in our house state.’
The bill adopts a lot of the language utilized by previously proposed legislation that have so far foundered in California.
It limits potential licensees to existing tribal operators and cardrooms, and pledges become tough on ‘bad actors,’ outlining the unwelcome status of ‘any brand name or business name, including any brand that is derivative with similar or similar wording, or any trade or solution mark, software, technology, functional system, customer information, or other data acquired, derived, or developed directly or indirectly from, or associated with, any operation that has accepted a bet or engaged in a financial transaction related to that bet from any person within the United States on any form of Internet video gaming after December 31, 2006.’
Door Somewhat Ajar
In the beginning glance, this language seems to preclude PokerStars’ entry towards the market, however the bill also contains a clause stating that regulators can realize your desire to waive the effective use of the above paragraph supplied 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 towards the 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 is slightly ajar.
The PokerStars question has been a huge sticking point that has prevented stakeholders from agreeing regarding the language of previous bills, also it’s one of the reasons internet poker hadsstalled in California within the past.
A large coalition of tribal operators is vehemently opposed to a regulated on-line poker space that might include PokerStars. On the other side of the coin, the Morongo Band of Mission Indians, allied because of the largest poker clubs in the state, including 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’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 individual at the poker site’s affiliated land-based cardroom, a measure presumably designed to restrict underage play, but that might well stymie the growth of the game in the state. However, Gatto is confident that this bill could finally make 2015 the year that California gets fully legal, regulated, and taxed online poker.