The Trump Taj Mahal in Atlantic City has started the process of shutting straight down, starting with the closure of one casino tower.
The Trump Taj Mahal has entered early stages 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 week that is last 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 place on Monday this week.
The first indications that the resort could possibly be headed for a shutdown began on Monday, when the Chairman Tower associated with resort was closed. The Chairman could be the newer of the 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 full 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. Nonetheless, both the company and Icahn have said that this could only happen if they could get taxation 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 government nor the union has shown much of an aspire to cave in to these demands. However, talks have actually been ongoing and there may be some indications of movement within the last few times, which could offer at least a glimmer that is small of to those who want to see the Taj Mahal stay in business.
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 let the company to finish payments to your 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 if they would accept such a 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 a number of the tax relief that Icahn and Trump Entertainment have now been lobbying for. The new bill would allow Atlantic City’s casinos to cover $150 million in place of their normal tax payments within the next couple of years, while additionally redirecting money originally made for redevelopment projects to greatly help pay down Atlantic City’s debt.
While the tax relief has some features in normal with what the Taj Mahal has been 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 help keep the Taj Mahal open.
The bill would also help secure some of this demands being made by casino worker unions by mandating health that is minimum and your retirement packages for casino employees.
‘My plan is designed to protect Atlantic City from bankruptcy and position the city for future financial growth,’ Sweeney stated.
Four gambling enterprises have already closed in Atlantic City this year; if the Trump Taj Mahal had been to close, only seven would remain in the city.
Yahoo Poker Coming Off US Market Amid Classic Game Elimination
Yahoo will remove poker as well as other games from its online collection on December 31. (Image: Yahoo.com)
Yahoo Poker will be taken off the market at the conclusion of the year, as Yahoo has established which they will likely be eliminating a number of the older games at that time. The move comes not long after a marketing that is strong for the overall game, one that prompted speculation that the Internet company could be trying 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 internet or mobile devices,’ read a statement on the yahoo Poker page that is main. The info also reappeared in a pop-up message for players when the game loaded.
Marketing Drive Suggested Big Plans for Poker
Yahoo Poker has been around in various forms for many years, dating back to at least the late 1990s. Nevertheless, the site only recently started getting a noticeable marketing push that made some wonder in the event that business had bigger plans for the 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 by having a game that is social any real money poker site, however. Players could purchase additional potato chips and a handful of other perks in the game, but there were no awards and no games were actually played for cash. But one or more analyst saw the advertising push as being a sign that Yahoo might be looking to do more into the poker globe.
‘The new Yahoo Texas Hold’em portal could be easily monetized in the event that legal environment were 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 the present time that Yahoo is certainly planning beforehand for the potential time of widespread, appropriate online poker.’
That analysis may have already been a bit optimistic, as Yahoo has made no indication that they’re moving towards offering real cash online poker or gambling any place in the world. However it established speculation throughout the poker community, with some players saying they would welcome a heavyweight that is new the planet of online gambling.
Yahoo Poker Could Return in New Form
The announced shutdown, nonetheless, should put an end to speculation that is such at least for the time being. According to Yahoo, the move was made because many of their games that are classic now outdated. Because casino-online-australia.net the organization’s sites are in possession of higher security requirements and make use of new supporting technologies, these games are now ‘incompatible, insecure and no longer functioning precisely.’
Forbes also quoted an e-mail by Yahoo Games PR Manager Sean Hamel, which stated that the main reason the games were being dropped was ‘to streamline our item offerings and focus our energy and resources on developing for Yahoo’s core experiences.’
For individuals who will miss Yahoo’s poker game, there may be hope within the future. While no details are yet available, Yahoo has said that new games will be launched that may better meet their pc software and security requirements. It’s likely that these games will mostly accept the modern ‘free-to-play’ format that enables players to purchase in-game perks for real cash, 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, which can be still another try to legalize poker that is online the Golden State. (Image: AP/Rich Pedroncelli)
A bill that is new seeks to legalize Ca 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 enable the offering of internet poker for players located physically within hawaii’s borders.
If passed, it would allow games to be ready to go within 180 days.
‘California has led the world in computer and Internet innovation, and there’s no good reason why we can not continue to lead having 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 much of the language used by previously proposed legislation that have so 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 derivative brand with the same or similar wording, or any trade or solution mark, software, technology, operational system, consumer 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 an economic transaction related to that bet from any person in the United States on any style of Internet gaming after December 31, 2006.’
Door Slightly Ajar
In the beginning look, this language seems to preclude PokerStars’ entry to your market, but the bill also includes a clause stating that regulators will have the ability to waive the application 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 danger towards the public interest or towards the effective regulation and control of intrastate Internet poker.’
In other words: ‘We actually might let PokerStars in, but only whenever we feel just like it,’ is the implied message. The home 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 on the language of previous bills, also it’s one of many reasons internet poker hadsstalled in California within 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 poker clubs that are largest 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. However, it may well be that there’s enough into the language of this bill to appease both camps.
Land-Based Sign-Ups Only
Another aspect that is crucial of bill is players will be needed to generate records in person at the poker web site’s affiliated land-based cardroom, a measure presumably made to restrict underage play, but that might well stymie the growth of the overall game in the state. Nonetheless, Gatto is confident that this bill could finally make 2015 the that California gets fully legal, regulated, and taxed online poker year.