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Giuseppe Mastroianni

Harry Reid RAWA Support Means Bill Will return in 2015 likely

Harry R<span id="more-159153"></span>eid RAWA Support Means Bill Will return in 2015 likely

Harry Reid states that RAWA, or another online gambling ban measure, will probably be reintroduced to Congress once again the following year.

RAWA, also called the Restoration of America’s Wire Act, the online poker ban that is highly pushed by Sheldon Adelson, is likely to be introduced to Congress once more in 2015. That’s the word from Senator Harry Reid (D-Nevada), who will no further be the Senate Majority Leader as he returns for the next legislative session.

‘we think there will be efforts made to have a look at the Wire Act in A republican-initiated congress, yes I do,’ Reid said. ‘I think you will have efforts built to get rid of the Wire Act.’

By getting rid of the Wire Act, Reid generally seems to mean that he’d want to see legislation put in place that could create a law to restore ( or simply just reword) the Wire that is current Act which ended up being reinterpreted to apply just to activities betting in 2011. That critical interpretation permitted for states to manage other forms of online gambling in the last 3 years.

Lame Duck Effort Fails for RAWA

Adelson, the billionaire casino tycoon who is the chairman and CEO of the Las Vegas Sands Corporation, had hoped to attach RAWA to the year-end spending that is omnibus. However, the lame-duck session effort ultimately failed, with congressional leaders seemingly uninterested in adding on a potentially contentious driver to the must-pass ‘cromnibus’ legislation.

Reid is definitely a supporter generally speaking regarding the gaming industry, and once served due to the fact chairman of the Nevada Gaming Commission. But it has become obvious that his stance on the issue is much closer to Adelson’s than many may have thought while he has tried in the past to regulate online poker at the federal level, his overall stance on Internet gaming had been much less clear, and in recent days.

‘ I think the proliferation of gambling online is perhaps not good for our nation,’ Reid said in an interview with the Las vegas, nevada Review-Journal. ‘i do believe it is an invitation to crime. I believe it is difficult to control for criminal activity when you’ve got brick-and-mortar places, let alone something up in the sky someplace, and it is quite bad for kiddies.’

Reid Says No cope with Adelson for 2016

Statements like that have led some to speculate that Reid might have struck a deal together with long-time buddy Adelson, one in which Reid would push for a gambling that is online while Adelson would agree perhaps not to fund Reid’s next Republican opponent in their 2016 election bid. But Reid denied that such an alliance had ever been considered between the two.

‘Sheldon Adelson and i have already been friends for a time that is long on politics he and I actually don’t concur, so we don’t do politics,’ Reid said.

Critically for fans of on the web poker, though, Reid confirmed that he would still try to help keep a lifeline open for the game should an online gambling ban gain vapor in Congress.

‘ If there is a chance to [regulate] poker, I shall do that,’ Reid said. He noted that there might have been an opening for poker had RAWA been placed into the bill that is omnibus though the timing could have been difficult given the madness of action within the last few days before it ultimately passed.

Golden Nugget Atlantic City Threatens Lawsuit Over Tax Aid Plan, Then Backs Off

The Golden Nugget dropped its threat to challenge an Atlantic City tax relief bill after some of the New Jersey casino’s concerns had been addressed. (Image: goldennugget.com)

Atlantic City’s Golden Nugget casino threatened to derail a casino tax relief plan, but then backed off those threats after changes had been made to the bill to satisfy its concerns. The bill, introduced by State Senate President Steve Sweeney (D-3rd District), was created to aid stabilize revenue for Atlantic City while also providing expense certainty for the remaining casinos there.

Last week, Golden Nugget basic counsel Steven Scheinthal had harsh words for the proposed legislation, saying that the business was prepared to ‘blow the entire thing up.’ Based on him, the bill had been money that is essentially taking through the casinos that may least afford it, while offering great deals to the greatest gambling enterprises in the city.

Tax Increase for Golden Nugget

In particular, Scheinthal calculated that the Golden Nugget’s goverment tax bill would rise from $4.7 million to $8.1 million underneath the proposed legislation. Resorts Casino Hotel and Bally’s would additionally see increases in their income tax bills.

Meanwhile, a number of the city’s most profitable resorts would actually save cash as an outcome of the law. Harrah’s and Caesars Atlantic City would both save more than $10 million per year, while the Trump Taj Mahal (which includes nevertheless been teetering on its last legs), the Tropicana plus the Borgata would reportedly save millions as well.

‘We expect fair legislation,’ Scheinthal said. ‘ We don’t expect our legislators to harm us, and that’s precisely what’s going on.’

That and other aspects of the bill led Scheinthal to state that Nugget owner Tilman Fertitta might try to get a court order to block the legislation from going into effect were it ever signed by Governor Chris Christie. But on the Golden Nugget seemed much more satisfied with the direction the law is now taking monday.

Casinos Now Protected

After changes to the bill, a casino will now have some protection against paying more under the payments in place of taxes than it could have beneath the tax plan that is old. Any excess payments will be credited towards a casino’s reinvestment tax obligation for the next five years. The Golden Nugget will also save yourself $2 million a year, as a result of the eradication of this atlantic city alliance marketing group, which it helped to fund.

‘We’re OK with it now,’ Scheinthal said on Monday. ‘We’re protected for five years; that’s a thing that is good. At the least we have some stability and know our fees aren’t going to increase.’

If the Golden Nugget’s calculations are correct, lots of the biggest Atlantic City casinos will still receive tax that is large within the coming years, though they now will not come at the cost of smaller resorts.

Sweeney’s legislation, that has already passed away through committees in the State Senate and State Assembly, would ensure fixed re payments from the casinos to Atlantic City over the following 15 years. The casinos would collectively pay $150 million per for the next two years, a number that would drop to $130 million over the next 13 years year. That quantity could possibly be adjusted if gambling profits changed dramatically.

That measure would be joined by others made to stabilize Atlantic City’s budget, while also protecting employees. Money that is designated for the Casino Reinvestment Development Authority would instead be used to pay the city down’s debt, while minimal benefits levels could be guaranteed for all casino workers.

Winning Millions Poker Tournament Stopped by DDoS Attack

Players in the Winning Millions unearthed that the tournament had been terminated whenever a message announcing the decision showed up on the screens. (Image: WinningPokerNetwork.com screenshot)

A $1 million poker tournament on the Winning Poker Network (WPN) had been cancelled as a result of distributed denial-of-service (DDoS) attack, rendering it the latest poker website become victimized by such an assault on its servers.

The attack caused connectivity problems for players, leading company officials to eventually opt to cancel the tournament as a matter of fairness.

The termination may be a major blow to WPN, which had been hoping to put together the poker event that is largest for a web site that accepts American players in nearly four years, since the occasions of Black Friday forced PokerStars, Full Tilt Poker and Absolute Poker from the United States market.

The event was still in its late registration period at the time it ladbrokes casino no deposit bonus was canceled, meaning that all players were fully refunded according to network policy.

Strong Turnout Despite Connectivity Problems

While skeptical players might sometimes see this kind of cancellation as a method to get out of a major guarantee, that doesn’t look like exactly what happened in this instance.

The tournament was cancelled, 1,937 players had already put up their $500 buy-ins into the prize pool at the time. Combined with the $40 entry fee, the tournament had already covered its guarantee, along with 45 minutes left into the late registration period, it’s possible that the industry would have risen to over 2,000 players, sufficient to surpass the guarantee in buy-ins alone.

The competition began at 3 pm on Sunday afternoon, and the connectivity issues seemed to occur quickly after that, using the competition being suspended simply moments in and players complaining of host issues through the event. While WPN initially attempted to permit the function to keep, as your website was still operational, CEO Phil Payton eventually decided that the situation simply wasn’t fair for all players, particularly in this kind of contest that is major.

Cancellation Occurred After Most of Field Eliminated

The amount of time before the cancellation has been alternatively reported as anywhere between four and six hours. Based on time stamped articles in the Two Plus Two forums that had been made since the occasion unfolded, it appears as though the tournament was finally canceled at around 8:30 pm, or 5.5 hours after it began. That used hours of player complaints over being folded out of fingers or being not able to link to your website.

‘Due to circumstances out of our control, we have been unable to offer a reliable gaming that is fair,’ said a message that appeared in the screens of players in the tournament during the time of the cancellation. ‘Many players timed out, while other remained linked. The competition will be canceled and buy-ins and charges refunded to all participants. as per our terms and conditions’

That decision didn’t stay well with everyone, especially people who were still alive at the right time the tournament was cancelled, who felt they ought to be compensated at least partially considering their chip stacks.

‘Absolutely ridiculous,’ wrote Two Plus Two poster AdamHendrix. ‘ Was still in with less than a third of the social individuals left. And everyone gets refunded. You need to be kidding.’

However, Payton defended his decision in a short Twitch.tv broadcast briefly after the cancellation.

‘If it happened once again tomorrow, I’d do the same task,’ Payton said. ‘It doesn’t matter in the event that you want it or not, it had been fair.’



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