Trump Taj Mahal Atlantic City Shutdown Moving Ahead

Trump T<span id="more-8435"></span>aj Mahal Atlantic City Shutdown Moving Ahead

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

The Trump Taj Mahal has entered the early stages of a shutdown, even while 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 spot on Monday this week.

The signs that are first the resort could possibly be headed for a shutdown began on Monday, as soon as the Chairman Tower associated with resort was closed. The Chairman could be the more recent for the 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 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 stated that this could only happen when they could receive income tax breaks from Atlantic City and hawaii of the latest Jersey, and should they could get concessions through the work union that represents employees during the casino.

Neither the national government nor the union has shown much of a need to cave in to these demands. However, talks have been ongoing and there may be some signs of movement in the last few days, which could offer at least a small glimmer of hope to those who want to see the Taj Mahal stay in business.

Local 54 of the UNITE-HERE union, which represents about 2,700 workers at the resort, has been appealing a bankruptcy court decision that will break the present agreement between the union and Trump Entertainment, which would in turn let the company to end payments to the 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 this kind of deal.

New Legislation Could Provide Tax Relief

Meanwhile, a brand new little bit of legislation introduced on Tuesday by State Senate President Steve Sweeney (D-3rd District) and State Senator James Whelan (D-2nd District) would offer a number of the tax relief that Icahn and Trump Entertainment have been lobbying for. The bill that is new enable Atlantic City’s casinos to pay $150 million in place of their normal tax payments within the next couple of years, while also redirecting money originally designed for redevelopment jobs to greatly help pay down Atlantic City’s debt.

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

The bill would also help secure some for the demands being made by casino worker unions by mandating minimum health insurance coverage and retirement packages for casino employees.

‘My plan was created 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 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 and other games from its collection that is online on 31. (Image:

Yahoo Poker will be removed the market at the end of the year, as Yahoo has announced which they is eliminating a number of these older games at the period. The move comes not long after having a strong advertising push for the overall game, one that prompted speculation that the Internet company might be trying 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 details also reappeared in a pop-up message for players if the game packed.

Marketing Push Suggested Big Plans for Poker

Yahoo Poker has existed in various forms for many years, dating back to at least the 1990s that are late. Nevertheless, the site just recently began getting a noticeable marketing push that made some wonder in the event that business had bigger 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 having a social game than any genuine money poker site, however. Players could buy chips that are additional a handful of other perks in the overall game, but there were no prizes and no games were actually played for cash. But at least one analyst saw the advertising push as being a sign that Yahoo might be looking to do more within the poker globe.

‘The new Yahoo Texas Hold’em portal could be easily monetized in the event that environment that is legal to become more favorable,’ wrote Marc Edelman, a co-employee Professor of Law at the City University of New York’s Baruch College, in a piece for Forbes. ‘It seems for now that Yahoo is certainly planning beforehand for the potential time of widespread, appropriate online poker.’

That analysis may have now been a bit positive, as Yahoo has made no indication that these are typically moving towards providing money that is real poker or gambling anywhere in the world. However it established speculation throughout the poker community, with some players saying they’d welcome a heavyweight that is new the entire world of Web gambling.

Yahoo Poker Could Return in New Form

The announced shutdown, however, should end 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. since the company’s internet sites now have greater security requirements and use new supporting technologies’

Forbes also quoted an e-mail by Yahoo Games PR Manager Sean Hamel, which stated that the reason that is main games were being dropped was ‘to streamline our product offerings and focus our energy and resources on developing for Yahoo’s core experiences.’

For folks who will miss Yahoo’s poker game, there could be hope in 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 requirements. It’s likely that these games will mostly take on the modern ‘free-to-play’ format that enables players to get in-game perks for real 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, which can be 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 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 framework that is regulatory would permit the providing of online poker for players located physically within their state’s borders.

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

‘California has led the world in computer and Internet innovation, and there’s no reason that is good we can’t continue to lead by 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 within our home state.’

The bill adopts a lot of the language utilized by previously proposed legislation which have to date 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 name or business name, including any derivative brand name with the exact same or similar wording, or any trade or solution mark, software, technology, functional system, client information, or other data obtained, derived, or developed directly or indirectly from, or associated with, any operation that has accepted a bet or engaged in a monetary 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

At first look, this language appears to preclude PokerStars’ entry towards 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 the operator’s ‘use of the covered assets in connection with intrastate Internet video gaming will not adversely affect the integrity of, or undermine public confidence in, intrastate Internet poker or otherwise pose a threat to 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 like it,’ is the implied message if we feel. The home is definately not wide open, but it really is slightly ajar.

The PokerStars question is a huge huge sticking point that has prevented stakeholders from agreeing in the language of past bills, and it’s among the reasons on-line poker hadsstalled in California into the past.

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

The San Manuel Band also recently defected to the PokerStars camp. Nevertheless, it may well be that there’s enough in the language of this bill to appease both camps.

Land-Based Sign-Ups Only

Another crucial aspect of the bill is players will be needed to produce records in individual at the poker site’s affiliated land-based cardroom, a measure presumably designed to restrict underage play, but that might well stymie the growth of the game in the state. However, Gatto is confident that this bill could finally make 2015 the 12 months that California gets completely legal, regulated, and taxed online poker.