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Trump Taj Mahal Atlantic City Shutdown Moving Ahead

Trump T<span id="more-42599"></span>aj Mahal Atlantic City Shutdown Moving Ahead

The Trump Taj Mahal in Atlantic City has begun the entire process of shutting down, beginning with the closing of one casino tower.

The Trump Taj Mahal has entered the first phases of a shutdown, even as 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 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 place on Monday this week.

The signs that are first the resort could be headed for a shutdown began on Monday, if the Chairman Tower associated with 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 issuing credit to 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 business and Icahn have said that this could only take place should they could get income tax breaks from Atlantic City and hawaii of the latest Jersey, and should they could get concessions through the work union that represents workers at the casino.

Neither the government nor the union has shown much of a need to give in to these demands. However, speaks have been ongoing and there may be some indications of movement in the last few times, that could offer at minimum a small glimmer of hope to those who want to see the Taj Mahal stay static in company.

Local 54 of the UNITE-HERE union, which represents about 2,700 employees at the resort, was appealing a bankruptcy court decision that would break the contract that is current the union and Trump Entertainment, which would in turn permit the company to finish payments to your 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 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 new bill would enable Atlantic City’s gambling enterprises to cover $150 million in lieu of their normal tax payments over the next 2 yrs, while additionally redirecting money originally designed for redevelopment jobs to aid pay down Atlantic City’s financial obligation.

While the tax relief has some features in normal with just 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 could be enough to keep the Taj Mahal open.

The bill would also help secure some associated with the demands being produced by casino worker unions by mandating minimum health insurance coverage and 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 online collection on December 31. (Image: Yahoo.com)

Yahoo Poker will be flourished 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 marketing that is strong for the overall game, one that prompted speculation that the Internet company may be looking 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 internet or mobile products,’ read a statement on the main Yahoo Poker page. The knowledge also reappeared in a message that is pop-up players whenever game packed.

Advertising Drive Suggested Big Plans for Poker

Yahoo Poker has been around in various forms for several years, dating back to at least the late 1990s. Nonetheless, the site just recently started getting a noticeable marketing push that made some wonder if the company had larger plans for the Texas hold em game. In November, ads for the game started showing up on Yahoo’s fantasy football website pages, which is a number of the company’s most valuable ad room for attracting young male consumers, the same demographic often targeted for internet poker.

This version of Yahoo Poker shared much more in common by having a game that is social 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 prizes and no games were really played for money. But a minumum of one analyst saw the advertising push being a sign that Yahoo might be looking to do more within the poker world.

‘The brand new Yahoo Texas Hold’em portal could be easily monetized if the environment that is legal to become more favorable,’ wrote Marc Edelman, an Associate Professor of Law at the town University of New 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 were a bit optimistic, as Yahoo has made no indication that they’re moving towards providing real money online poker or gambling any place in the world. But it launched speculation throughout the poker community, with a few players saying they would welcome a heavyweight that is new the entire world of online gambling.

Yahoo Poker Could Return in Brand New Form

The announced shutdown, but, should stop 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. These games are now ‘incompatible, insecure with no longer functioning correctly. because the company’s sites now have higher security needs and make use of new supporting technologies’

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 in the future. While no details are yet available, Yahoo has stated that new games will be launched which may better meet their computer software and security needs. It’s likely that these games will mostly undertake the modern ‘free-to-play’ format that enables players to get perks that are in-game real money, a model known well to players of games like Farmville and Candy Crush.

Assemblyman Mike Gatto Wants California Online Poker Bill Passage in 2015

California Assemblyman Mike Gatto, sponsor of Bill AB 9, which will be yet another make an effort to casino-online-australia.net legalize poker that is online 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 regulatory framework that would let the offering of on-line poker for players located physically within their state’s borders.

If passed, it would allow games to be up and running within 180 days.

‘Ca has led the entire world in internet and computer innovation, and there is 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 used by previously proposed legislation that have thus far foundered in California.

It limits potential licensees to current 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, operational system, client information, or other information 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 style of Internet gaming after December 31, 2006.’

Door Somewhat Ajar

In the beginning glance, this language seems to preclude PokerStars’ entry to your market, nevertheless the bill also includes a clause stating that regulators will have a way to waive the 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 influence the integrity of, or undermine public confidence in, intrastate Internet poker or otherwise pose a risk towards the general public interest or to 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 not even close to wide open, but it really is slightly ajar.

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

A large coalition of tribal operators is vehemently opposed to a regulated online poker space that may include PokerStars. On the other hand of the coin, the Morongo Band of Mission Indians, allied with the largest poker clubs in the state, including the Commerce, the Bike and the Hawaiian Gardens, have signed an understanding with PokerStars to work together in a prospective post-regulatory environment.

The San Manuel Band also recently defected to the PokerStars camp. However, 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 aspect that is crucial of bill is that players will be expected to produce accounts in person at the poker site’s affiliated land-based cardroom, a measure presumably built to restrict underage play, but which could well stymie the development of the overall game in the state. However, Gatto is confident that this bill could finally make 2015 the year that California gets completely legal, regulated, and taxed online poker.