WSOP Colossus Becomes Largest Live Poker Tournament Ever

WSOP Colossus Becomes Largest Live Poker Tournament Ever

The Colossus has been a success so far.

The World variety of Poker’s inaugural ‘Colossus’ tournament has, as expected, smashed all the records to become the live poker tournament that is biggest ever staged.

Twenty-two thousand three hundred and seventy-four players ended up over the course of four Day 1 routes to relax and play in the event, beating the previous WSOP record, the 2006 Main Event, by (calculator out) 13,601 players.

The event represents a departure that is strategic the WSOP and Caesars as the festival now has the extra aim of boosting the numbers at

Thus, in 2010’s Series is fully targeted at attract the ‘right’ kind of player, and a lot of them: the type of player who might be attracted to multi-table a few cash games or tournaments with low to mid-level buy-ins while they’re in city.

The Colossus is a just to illustrate.

With its affordable buy-in of $565, and tantalizing $5 million guaranteed in full prize pool, it ended up being designed to paper your house with players.

The WSOP is peppered with large-field, low buy-in events this present year, and even includes an online bracelet tournament.

Mobiles at the Table

For the time that is first players will be permitted to create their mobile devices to your tables to play online during WSOP events.

Caesars convinced the Nevada Gaming Control Board to waive its one-player-per-IP-address rule, meaning that the Rio and all sorts of other Caesars properties will be whitelisted and exempted from the guideline throughout the duration of the Series.

Last year, cash game traffic rose 24 percent in the week that is first of Series alone, this means it’s likely to be also greater this year. Industry number-cruncher, has conservatively suggested that the spike shall be at least 50 %.

Not absolutely all the players were happy because of the payout structure regarding the Colossus, however, and lots of eyebrows were raised by the announcement of the first-place prize of $638,880, which represents just under six per cent associated with the prize pool, considerably smaller than the average tournament.

‘Democratic’ Payout Framework

But this was element of the plan; a flat payout framework that could reward as numerous players as feasible, with 2,241, or around ten percent of the industry, making the money.

Top payout that is heavy would be the norm, and generally speaking that is designed to reward the skillful player with an edge on the field. This had been poker with a much more ‘democratic’ distribution of wealth in your mind, designed to keep the mid-level player delighted.

‘When you experience a crowd that could fill numerous activities venues, there’s little else you’ll say,’ WSOP executive director Ty Stewart stated in a statement. ‘ We want to thank everyone who traveled from near and far to be part of this historic event, particularly the very first timers.

Similar to the sign states, ‘ We Hope you soon come back.’ We like to bring poker enthusiasts together which help build positive momentum for the game.’

This Hard Rock International and the Meadowlands Racetrack are expected to unveil plans for a casino in East Rutherford, home to the New York Giants and New York Jets week.

Meanwhile, there have now been proposals for the casino regarding the waterfront in Jersey City, directly across from Lower Manhattan.

‘There is no reasons why we can’t think of a statewide gaming plan that brings jobs and economic growth to Bergen, Essex and Hudson counties while also supporting Atlantic City’s data recovery and revitalization efforts,’ declared Huttle.

‘The reality of gaming today is the fact that New Jersey must do more to stay a leader. We have to begin competing or we continues to fall behind in our area and into the national country.’

Sheldon’s Warning

Interestingly, Sheldon Adelson has a few words to say regarding the issue when the thought of one casino in northern New Jersey was raised during the G2E annual gaming expo in Las Vegas year that is last.

The LVS president said he’d jump at the opportunity to open a casino over the border from Manhattan, but would ‘think twice’ should several casinos be proposed for the region.

He also warned against the short-termism of seeing casino expansion being a magic pill for economic problems.

‘Look, it’s a sword that is two-edged’ he said. ‘If you go in there and spend a lot of cash, then you may wake up one day and Governor Cuomo or whoever is governor or mayor of New York City will say, ‘Look, they’re taking all of the New Yorkers’ cash and they are drawing it up in that casino within the Meadowlands. So we’ve surely got to open one up, and keep the funds in brand New York.’ ‘

AGA Formally Denounces Slot Winnings Taxation Proposals

AGA President Geoff Freeman is aghast at the IRS’ proposal to track players’ electronically winnings through their customer loyalty cards for taxation purposes. (Image:

The American Gaming Association (AGA) has struck out against IRS proposals to lower the income tax reporting threshold for slot winnings from $1,200 to $600.

The industry body reported that the brand new proposals would be detrimental to customer experience, increase paper work and disrupt the casino floor, along with requiring expensive improvements to casino back-end systems.

The AGA, which represents operators and gaming manufacturers that collectively support 1.7 million US jobs across 40 states, made its feelings clear by means of a 15-page comment that is formal to your IRS this week.

This arrived on the rear of a letter sent by 17 bi-partisan members of Congress to IRS Commissioner John Koskinen stating that increased labor costs and lost company revenue resulting through the proposal will be ‘detrimental to local, state and national economies that depend on those revenue to support critical services.’

Serious Harm to Business

AGA President Geoff Freeman was particularly critical of the IRS suggestion that the rule could possibly be enforced through the electronic tracking of players’ gambling habits through their customer loyalty cards.

‘ The gaming industry is aware of no other industry in the national country for which the IRS has issued regulations needing the industry to deploy its customer loyalty program for federal taxation collection purposes,’ Freeman complained.

Freeman said that the work cost and lost business revenue that arises from the reporting of slot machine game winnings is burdensome, due to the fact machines ‘lock up’ and are temporarily taken away from service after a jackpot of $1,200 is struck so so it can be reported towards the IRS.

‘AGA is mindful of no other industry that is US must take its assets out of the production of revenue to satisfy its tax reporting duties,’ he said. ‘The proposed slot guidance that is reporting substantially magnify that burden on the casino to the level of serious problems for its company by mandating the use of a marketing device for tax information reporting purposes.’

Interruption to Backend

Furthermore, the reprogramming of the casino’s back end systems, which may be necessary for them to conform to the proposed regulations, would be costly and disruptive, Freeman said, particularly for those casinos that operate in multiple markets.

‘AGA casino people have expressed concern that in order for their back-end systems to be able to compile, store, and index for retrieval a sizable number of daily win/loss statements, costly investment will be necessary in development and in a substantial enhance in the present storage and processing power of these systems. This expensive investment in the necessary back-end systems modifications would be magnified for all casinos that run in numerous markets.’

The AGA recently established a petition that is online garnered over 10,000 signatures opposing the proposals. These signatures were from casino workers and customers alike, from across all 50 states, said Freeman.

FIFA Scandal Continues As Interpol Tracks Six Suspects

Sepp Blatter received a standing ovation from FIFA staff after announcing his resignation. (Image: Reuters)

Interpol, the international authorities human body, has put six of the suspects in the FIFA corruption scandal on their ‘red notice’ list, a designation that will make it virtually impossible for all individuals to travel.

While the designation is not the exact carbon copy of an arrest warrant for the suspects, it suggests them they might travel that they are subject to the possibility of arrest anywhere.

Of the six suspects, two are former FIFA officials, while four had been sports media executives.

Jack Warner, who formerly held the positions of FIFA vice president and CONCACAF president, had been arrested in his home nation of Trinidad and Tobago, but had since been released before the red notice was released.

Similarly, previous FIFA executive committee member Nicolas Leoz of Paraguay was already under house arrest at the time of his red notice being announced.

The four professionals receiving red notices included Argentinians Alejandro Burzaco, Hugo Jinkis, and Mariano Jinkis, also Brazilian broadcast executive Jose Margulies.

The Argentinians are charged with paying over $100 million in bribes in order to secure media legal rights to various soccer tournaments.

Blatter Applauded at FIFA Headquarters

The FIFA scandal reached the highest office in the organization (and maybe the strongest person in activities) on Tuesday, when president Sepp Blatter made the announcement that he would resign from his post sometime in the next year, as soon as an alternative could be elected.

Blatter’s announcement arrived just days after he previously been re-elected towards the workplace for the fifth time.

Upon returning to FIFA’s Zurich head office on Wednesday, Blatter was given a ten-minute standing ovation by staff members.

According to reports, he gave the 400 staff members in attendance the same message to the one he told the soccer world on Tuesday: that FIFA needed to undergo reforms, particularly in the executive committee.

According to Reuters, a source close to FIFA said him to step down from the presidency following the ongoing criminal probe into FIFA by American and Swiss law enforcement agencies that it was ultimately Blatter’s own advisors that convinced.

While Blatter himself had yet to be implicated in any of these probes, it had been still embarrassing for the association’s frontrunner, who saw even their primary lieutenant facing accusations of corruption and bribery.

Numerous Candidates Could Vie for FIFA Presidency

Within the since Blatter’s announcement, much of the speculation by media members and football fans has been about who his successor will be day. You will find several viable candidates, though a few stand out as getting the best probability of taking his place.

UEFA president Michel Platini appears to be the favorite, both among pundits plus the bookmakers at William Hill, who list him at 6-5 odds. UEFA had been a hotbed of criticism for Blatter, and Platini had formerly asked Blatter not to ever run for reelection.

Another popular choice are Prince Ali bin al-Hussein of Jordan, who had been the only person to run against Blatter in the most election that is recent.

He is listed at 7-4 odds, therefore the Jordanian Football Association says that it’s looking into FIFA’s own rules to see if Prince Ali should really be granted the positioning based on his second-place finish in Friday’s election.

But there are likely to be many candidates throw about in the times and weeks to come, particularly without the specter of A sepp that is unbeatable blatter scare prominent people of the soccer community from running.

For instance, Venezuelan president Nicolas Maduro suggested that Argentine legend Diego Maradona ought to be the next FIFA president, noting that Maradona had always been wanting to root out corruption in FIFA even though few other people seemed to care.

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