Trump Taj Mahal Atlantic City Shutdown Moving Ahead

Trump T<span id="more-9281"></span>aj Mahal Atlantic City Shutdown Moving Ahead

The Trump Taj Mahal in Atlantic City has begun the entire process of shutting straight down, beginning with the closing of just 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 closure started initially to take place on Monday this week.

The first signs that the resort could be headed for a shutdown began on Monday, when the Chairman Tower associated with the resort was closed. The Chairman may be the more recent of the two hotel towers during the resort. In addition, the casino has stopped issuing credit to customers, though gambling and hotel services are otherwise uninterrupted for the 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. Nevertheless, both the business and Icahn have stated that this could only happen should they could get taxation breaks from Atlantic City and hawaii of New Jersey, and when they could get concessions through the work 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 signs of movement in the last few times, that could offer at minimum a small glimmer of hope to those who want to see the Taj Mahal remain in company.

Local 54 of the UNITE-HERE union, which represents about 2,700 workers at the resort, is appealing a bankruptcy court decision that will break the current agreement between the union and Trump Entertainment, which would in turn let the company to end payments to your union health fund and pension plans.

Icahn has publicly stated that he would be willing to accept restore those health benefits for at the very least two years and produce a new pension plan for workers, but only if they in turn will drop their appeal of the bankruptcy court ruling. The union has yet to comment on whether 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 some of the tax relief that Icahn and Trump Entertainment were lobbying for. The new bill would enable Atlantic City’s casinos to pay for $150 million in lieu of their normal tax payments within the next 2 yrs, while also redirecting money originally created for redevelopment jobs to help pay down Atlantic City’s financial obligation.

While the tax relief has some features in common with exactly what the Taj Mahal was asking for from the continuing state, Trump Entertainment CEO Robert Griffin would only 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 associated with demands being made by casino worker unions by mandating minimum health insurance and your 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 following a strong marketing push for the game, one that prompted speculation that the Internet company could be looking 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 web or mobile devices,’ read a statement on the yahoo Poker page that is main. The details also reappeared in a message that is pop-up players once the game loaded.

Advertising Drive Suggested Big Plans for Poker

Yahoo Poker has been around in various forms for several years, 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 bigger plans because of its Texas hold em game. In November, ads for the game started turning up on Yahoo’s fantasy football website pages, which will be a few of the company’s best ad space for attracting young male consumers, the exact same demographic usually targeted for internet poker.

This version of Yahoo Poker shared much more in common having a game that is social any real cash poker site, however. Players could purchase chips that are additional a handful of other perks in the game, but there were no rewards and no games were really played for money. But one or more analyst saw the advertising push as being a sign that Yahoo might be looking to do more in the poker globe.

‘The new Yahoo Texas Hold’em portal could be effortlessly monetized in the event that appropriate environment were to become more favorable,’ wrote Marc Edelman, an associate at work Professor of Law at the town University of New York’s Baruch College, in a bit for Forbes. ‘It seems for now that Yahoo is certainly preparing beforehand for the potential day of widespread, appropriate online poker.’

That analysis may have now been a bit optimistic, as Yahoo has made no indication that they truly are moving towards offering real money online poker or gambling any place in the world. But it launched speculation throughout the poker community, with a few players saying they’d welcome a new heavyweight in the planet of online gambling.

Yahoo Poker Could Return in New Form

The announced shutdown, nonetheless, should end speculation that is such at least for the time being. According to Yahoo, the move ended up being made because many of their games that are classic now outdated. Because the business’s sites now have higher security requirements and make use of brand new supporting technologies, these games are now ‘incompatible, insecure and no longer functioning correctly.’

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 item offerings and focus our energy and resources on developing for Yahoo’s core experiences.’

For folks who will miss Yahoo’s poker game, there might be hope in the future. While no details are yet available, Yahoo has said that new games will be launched that might better meet their security and software demands. It’s likely that these games will mostly take on the modern ‘free-to-play’ format that allows players buying in-game perks for 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 still another attempt to legalize poker that is online the Golden State. (Image: AP/Rich Pedroncelli)

A brand new bill that seeks to legalize Ca internet 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 determine a framework that is regulatory would enable the providing of online poker for players located actually within their state’s borders.

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

‘Ca has led the entire world in computer and Internet innovation, and there’s no valid reason why we cannot carry on 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 utilized 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 name with the exact same or similar wording, or any trade or solution mark, software, technology, functional system, consumer information, or other information 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 into the United States on any style of Internet gaming after December 31, 2006.’

Door Slightly Ajar

This language seems to preclude PokerStars’ entry to the market, however the bill also includes a clause stating that regulators will have a way to waive the effective use of the above paragraph provided that an operator’s ‘use of the covered assets associated with intrastate online gaming will not adversely affect the integrity of, or undermine public confidence in, intrastate Internet poker or else pose a threat to the public interest or to the effective regulation and control of intrastate Internet poker. at first glance’

In other words: ‘We actually might let PokerStars in, but only like it,’ is the implied message if we feel. The door is far from wide open, but it is slightly ajar.

The PokerStars question has been a huge sticking point that has prevented stakeholders from agreeing in the language of past bills, and it’s one of the 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 which may add PokerStars. On the other hand of the coin, the Morongo Band of Mission Indians, allied because of the poker clubs that are largest in the state, such as the Commerce, the Bike and the Hawaiian Gardens, have finalized an agreement 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 surely is enough in the language of this bill to appease both camps.

Land-Based Sign-Ups Only

Another aspect that is crucial of bill is that players will be expected to create accounts in person at the poker site’s affiliated land-based cardroom, a measure presumably built to restrict underage play, but which might well stymie the development of the 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.

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