The Trump Taj Mahal in Atlantic City has begun the process of shutting straight down, you start with the closing of just 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 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 indications that the resort could possibly be headed for a shutdown began on Monday, if the Chairman Tower of this hotel was closed. The Chairman may be the more recent of the two hotel towers at 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. However, both the company and Icahn have said that this could only take place if they could get tax breaks from Atlantic City and the state of the latest Jersey, and when they could get concessions from the work union that represents workers at the casino.
Neither the national 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 signs of movement within the last few days, which could offer at least a small glimmer of hope to those who want to see the Taj Mahal remain in business.
Local 54 of the UNITE-HERE union, which represents about 2,700 workers at the resort, was appealing a bankruptcy court decision that will break the contract that is current the union and Trump Entertainment, which would in turn let the company to finish payments towards the union health fund and pension plans.
Icahn has publicly stated that he would be willing to accept restore those healthy benefits for at least two years and produce a new pension arrange for workers, but as long as they in turn will drop their appeal of the bankruptcy court ruling. The union has yet to comment on if they would accept this kind of deal.
New Legislation Could Provide Tax Relief
Meanwhile, a 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 few of the tax relief that Icahn and Trump Entertainment happen lobbying for. The bill that is new enable Atlantic City’s gambling enterprises to pay for $150 million in lieu of their normal tax payments on the next two years, while additionally redirecting money originally created for redevelopment projects to help pay down Atlantic City’s debt.
While the tax relief has some features in common with exactly what the Taj Mahal is asking for from the 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 of this demands being created by casino worker unions by mandating minimum wellness insurance coverage and retirement packages for casino employees.
‘My plan is designed to protect Atlantic City from bankruptcy and position the city for future growth that is economic’ Sweeney stated.
Four gambling enterprises 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 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 a strong advertising push for the overall game, one that prompted speculation that the Internet company could be seeking 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 products,’ read a statement on the main Yahoo Poker page. The information also reappeared in a pop-up message for players as soon as the game loaded.
Advertising 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. But, the site only recently began getting a noticeable marketing push that made some wonder in the event that company had larger plans because of its Texas Hold’em 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 social game than any genuine cash poker site, however. Players could buy extra potato chips and a handful of other perks in the overall game, but there were no awards and no games were actually played for money. But a minumum of one analyst saw the advertising push as being a sign that Yahoo might be looking to do more into the poker world.
‘The brand new Yahoo Texas Hold’em portal could be easily monetized if the appropriate environment were to become more favorable,’ wrote Marc Edelman, an associate at work Professor of Law at the City University of New York’s Baruch College, in a bit for Forbes. ‘It seems for now that Yahoo is certainly planning in advance for the potential day of widespread, legal online poker.’
That analysis may happen a bit optimistic, as Yahoo has made no indication that they have been moving towards offering real money online poker or gambling anywhere in the world. However it established speculation throughout the poker community, with some players saying they’d welcome a new heavyweight in the entire world of Web gambling.
Yahoo Poker Could Return in Brand New Form
The announced shutdown, nevertheless, should put an end to such speculation, at least for now. According to Yahoo, the move ended up being made because many of their games that are classic now outdated. These games are now ‘incompatible, insecure with no longer functioning correctly. because the company’s internet sites now have higher security requirements and make use of new supporting technologies’
Forbes also quoted an email by Yahoo Games PR Manager Sean Hamel, which said that the reason that is main games were being dropped was ‘to streamline our item offerings and focus our energy and resources on developing for Yahoo’s core experiences.’
For those who will miss Yahoo’s poker game, there could be hope into the future. While no details are yet available, Yahoo has said that new games will be launched that may better meet their security and software needs. It’s likely that these games will mostly undertake the modern ‘free-to-play’ format that permits 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 Online Poker Bill Passage in 2015
California Assemblyman Mike Gatto, sponsor of Bill AB 9, which is just one more make an effort 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 establish 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 installed and operating within 180 days.
‘Ca has led the planet in computer and Internet innovation, and there is no valid reason why we can not continue to lead with a sensible online-poker framework,’ announced Gatto. ‘AB 9 borrows from time-tested business practices which will improve our government finances and keep our money within our house state.’
The bill adopts a lot of the language utilized by previously proposed legislation which 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 unwanted status of ‘any brand name or business name, including any brand that is derivative with the exact 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 a financial transaction related to that bet from any person in the United States on any form of Internet gaming after December 31, 2006.’
Door Somewhat Ajar
This language generally seems to preclude PokerStars’ entry to the market, however the bill also includes a clause stating that regulators can realize your desire to waive the effective use of the above paragraph provided that an operator’s ‘use of the covered assets in connection with intrastate online gaming will not adversely affect the integrity of, or undermine public confidence in, intrastate Internet poker or otherwise pose a threat towards the public interest or towards the effective regulation and control of intrastate Internet poker. at very first glance’
In other words: ‘We actually might let PokerStars in, but only if we feel just like it,’ is the implied message. The home is definately not wide available, but it’s slightly ajar.
The PokerStars question is a huge huge sticking point that has prevented stakeholders from agreeing on the language of previous bills, plus it’s one of the reasons internet poker hadsstalled in California within the past.
A large coalition of tribal operators is vehemently opposed to an online that is regulated space that might consist of PokerStars. On the other side of the coin, the Morongo Band of Mission Indians, allied using 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 ladbrokes casino codes environment.
The San Manuel Band also recently defected to the PokerStars camp. However, it might well be that there surely is enough within the language of this bill to appease both camps.
Land-Based Sign-Ups Only
Another essential aspect of the bill is players will be expected to produce reports in individual at the poker web site’s affiliated land-based cardroom, a measure presumably made to restrict underage play, but which may well stymie the development 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.