Trump Taj Mahal Atlantic City Shutdown Moving Ahead

Trump T<span id="more-62518"></span>aj Mahal Atlantic City Shutdown Moving Ahead

The Trump Taj Mahal in Atlantic City has begun the entire process of shutting straight down, you start with the closing of 1 casino tower.

The Trump Taj Mahal has entered the first stages of the shutdown, even as the Atlantic City resort continues to talk to union representatives and state officials about deals the property’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 began to take destination on Monday this week.

The first indications that the resort could be headed for a shutdown began on Monday, as soon as the Chairman Tower associated with hotel was closed. The Chairman may be the more recent of this two hotel towers at the resort. In addition, the casino has stopped issuing credit to customers, though gambling and hotel services are otherwise uninterrupted for enough 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 stated that this could only happen if they could get taxation breaks from Atlantic City and the state of the latest Jersey, and should they could get concessions through the labor union that represents workers during the casino.

Neither the government nor the union has shown much of an aspire 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 least a glimmer that is small of 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, happens to be 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 finish payments to the union health fund and retirement 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 whether or not 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 casinos to cover $150 million in lieu of their normal tax payments over the next 2 yrs, while also redirecting money originally made for redevelopment jobs to help pay down Atlantic City’s financial obligation.

While the tax relief has some features in normal with just what the Taj Mahal is asking for from the continuing state, Trump Entertainment CEO Robert Griffin would just say that ‘ we will see’ if the bill is enough to keep the Taj Mahal open.

The bill would also help secure some regarding the demands being created by casino worker unions by mandating minimum wellness insurance 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 said.

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 along with other games from its collection that is online on 31. (Image:

Yahoo Poker will be taken off 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 having a marketing that is strong for the 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 yahoo Poker page that is main. The info also reappeared in a message that is pop-up players as soon as the game loaded.

Advertising Drive Suggested Big Plans for Poker

Yahoo Poker has existed in various forms for quite some time, dating back to at least the late 1990s. Nevertheless, the site only recently began getting a noticeable marketing push that made some wonder if the company had larger plans for the 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 with a social game than any real cash poker site, however. Players could purchase additional chips and a handful of other perks in the game, but there were no prizes and no games were actually played for money. But one or more analyst saw the advertising push being 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 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 in advance for the potential time of widespread, appropriate online poker.’

That analysis may are a bit optimistic, as Yahoo has made no indication that these are typically moving towards offering real cash online poker or gambling anywhere in the world. Nonetheless it launched speculation throughout the poker community, with a few players saying they might welcome a heavyweight that is new the entire world of online gambling.

Yahoo Poker Could Return in New Form

The announced shutdown, nonetheless, should put an end to such conjecture, at least for the present time. According to Yahoo, the move had been made because many of their games that are classic now outdated. Because the business’s sites are in possession of higher security requirements and use new supporting technologies, these games are actually ‘incompatible, insecure with no longer functioning precisely.’

Forbes also quoted an email by Yahoo Games PR Manager Sean Hamel, which stated 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 individuals who 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 that may better meet their security and software needs. It’s likely that these games will mostly accept the modern ‘free-to-play’ format that allows players buying perks that are in-game genuine money, 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 yet another attempt to legalize online poker in the Golden State. (Image: AP/Rich Pedroncelli)

A brand new bill that seeks to legalize California on-line 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 offering of online poker for players located physically within their state’s borders.

If passed, it would allow games to be installed and operating within 180 days

‘California has led the planet in computer and Internet innovation, and there is no valid reason why we can’t carry on 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 in our home state.’

The bill adopts a lot of the language used by previously proposed legislation which have thus far foundered in California.

It limits potential licensees to current tribal operators and cardrooms, and pledges to be tough on ‘bad actors,’ outlining the unwelcome status of ‘any brand or business name, including any derivative brand with the same or similar wording, or any trade or service mark, software, technology, operational system, customer information, or other data obtained, derived, or developed directly or indirectly from, or associated with, any procedure that has accepted a bet or engaged in a monetary transaction related to that bet from any person in the United States on any style of Internet video gaming after December 31, 2006.’

Door Somewhat Ajar

At first look, this language appears to preclude PokerStars’ entry to the market, however the bill also includes a clause stating that regulators will have a way to waive the application of the above paragraph provided that an operator’s ‘use of the covered assets in connection with intrastate Internet gaming will not adversely impact the integrity of, or undermine public confidence in, intrastate Internet poker or otherwise pose a risk to 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 whenever we feel just like it,’ is the implied message. The home is definately not wide available, but it is slightly ajar.

The PokerStars question is 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 may add PokerStars. On the reverse side of the coin, the Morongo Band of Mission Indians, allied because of the largest poker clubs in the state, like the Commerce, the Bike and the Hawaiian Gardens, have signed an agreement with PokerStars to work together in a potential post-regulatory environment.

The San Manuel Band also recently defected to the PokerStars camp. However, it might well be that there is enough in the language of this bill to appease both camps.

Land-Based Sign-Ups Only

Another crucial aspect of the bill is the fact that players will be needed to produce accounts in individual at the poker web site’s affiliated land-based cardroom, a measure presumably made to restrict underage play, but which could well stymie the development of the overall game in the state. Nevertheless, Gatto is confident that this bill could finally make 2015 the 12 months that California gets fully legal, regulated, and taxed online poker.

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