Harry R<span id="more-15387"></span>eid RAWA Support Means Bill Will Probably Return in 2015

Harry Reid says that RAWA, or another online gambling ban measure, is going to be reintroduced to Congress once more next year.

RAWA, also referred to as the Restoration of America’s Wire Act, the online poker ban that has been 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), that will no further be the Senate Majority Leader when he returns for the following session that is legislative.

‘I think there will be efforts built to consider the Wire Act in A congress that is republican-initiated I do,’ Reid said. ‘I think there will be efforts designed to dump the Wire Act.’

Through getting rid of the Wire Act, Reid seems to mean that he’d want to see legislation placed into place that would create a law to displace ( or simply just reword) the Wire that is current Act which ended up being reinterpreted to utilize only to activities betting in 2011. That critical interpretation permitted for states to regulate other styles of online gambling in the last three years.

Lame Duck Effort Fails for RAWA

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

Reid has long been a supporter as a whole regarding the gaming industry, and once served as the chairman of the Nevada Gaming Commission. But while he has tried in yesteryear to regulate online poker during the federal degree, his overall stance on online gaming had been notably less clear, as well as in recent times, it’s become obvious that his stance on the issue is much closer to Adelson’s than many may have thought.

‘ I think the expansion of gambling on the Internet is maybe not good for our country,’ Reid said in a interview with the nevada Review-Journal. ‘i believe it is an invitation to crime. I think it is difficult to get a handle on for criminal activity when you’ve got brick-and-mortar places, let alone something up in the sky someplace, and it is extremely detrimental to kids.’

Reid Says No handle Adelson for 2016

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

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

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

‘ If there is a chance to [regulate] poker, I shall do that,’ Reid stated. He noted that there could have been an opening for poker had RAWA been placed into the omnibus bill, 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 a few of the New Jersey casino’s issues 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 modifications had been made to the bill to meet up its concerns. The bill, introduced by State Senate President Steve Sweeney (D-3rd District), was created to simply help stabilize revenue for Atlantic City while also providing cost certainty for the staying casinos there.

Last week, Golden Nugget general counsel Steven Scheinthal had harsh words for the proposed legislation, saying that the business was prepared to ‘blow the entire thing up.’ According to him, the bill was really taking money away from the casinos that may least manage it, while offering great deals to the largest gambling enterprises in the town.

Tax Increase for Golden Nugget

In particular, Scheinthal calculated that the Golden Nugget’s 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 town’s most resorts that are profitable actually conserve money as an effect of the law. Harrah’s and Caesars ladbrokes live casino app Atlantic City would both save a lot more than $10 million per year, while the Trump Taj Mahal (which includes however been teetering on its last legs), the Tropicana as well as the Borgata would apparently conserve millions as well.

‘We expect fair legislation,’ Scheinthal stated. ‘ We do not expect our legislators to harm us, and that’s just what’s going on.’

That and other aspects of the bill led Scheinthal to say that Nugget owner Tilman Fertitta might attempt to get a court order to block the legislation from starting effect had been it ever signed by Governor Chris Christie. But on Monday, the Golden Nugget seemed much more satisfied with the direction regulations is now taking.

Casinos Now Protected

After changes to the bill, a casino will now have some security against paying more underneath the payments in place of fees than it might have underneath 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 may also save $2 million a year, as a result of the removal of the atlantic city alliance marketing group, which it helped to finance.

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

If the Golden Nugget’s calculations are correct, many of the greatest Atlantic City casinos will nevertheless receive big tax breaks into the coming years, though they now will not come at the cost of smaller resorts.

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

That measure would be joined by others made to stabilize Atlantic City’s budget, whilst also protecting employees. Cash that is currently designated for the Casino Reinvestment Development Authority would alternatively be used to spend the city down’s debt, while minimum advantages levels could be guaranteed for all casino workers.

Winning Millions Poker Tournament Stopped by DDoS Attack

Players in the Winning Millions found that the tournament had been terminated each time a message announcing the decision appeared on their screens. (Image: WinningPokerNetwork.com screenshot)

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

The attack caused connectivity issues for players, leading company officials to eventually choose cancel the tournament being a matter of fairness.

The termination may be a major blow to WPN, which was hoping to construct 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 out of the United States market.

The event had been still in its registration that is late period the time it had been canceled, meaning that all players were fully refunded in accordance with community policy.

Strong Turnout Despite Connectivity Problems

While skeptical players might often see this type of cancellation as a method to get free from a major guarantee, that does not appear to be what happened in this case.

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 currently covered its guarantee, sufficient reason for 45 minutes left within the late registration period, it’s feasible that the industry would have risen to over 2,000 players, sufficient to surpass the guarantee in buy-ins alone.

Your competition began at 3 pm on Sunday afternoon, and the connectivity issues did actually occur quickly after that, utilizing the tournament being suspended simply mins in and players complaining of host issues through the entire event. While WPN initially tried allowing the event to carry on, as the website was still operational, CEO Phil Payton eventually decided that the problem just wasn’t fair for many players, particularly in such a contest that is major.

Cancellation Occurred After Most of Field Eliminated

The amount of time before the cancellation has been instead reported as anywhere between four and six hours. Based on time stamped articles within the Two Plus Two forums that had been made since the event unfolded, it looks like the tournament was finally canceled at around 8:30 pm, or 5.5 hours after it began. That observed hours of player complaints over being folded out of hands or being not able to link to the website.

‘Due to circumstances out of our control, we’ve been unable to provide a stable gaming that is fair,’ said a message that appeared in the displays of players in the tournament at the time of the cancellation. ‘Many players timed away, while other remained connected. The tournament will be canceled and buy-ins and fees refunded to all or any participants. as per our terms and conditions’

That decision didn’t sit well with everyone, especially those that were still alive at the time the competition was cancelled, who felt they should really be compensated at the very least partially predicated on their chip piles.

‘Absolutely ridiculous,’ wrote Two Plus Two poster AdamHendrix. ‘ Was still in with not as much as a third of the individuals left. And everybody else gets refunded. You need to be kidding.’

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

‘If it happened once again tomorrow, we’d do the thing that is same’ Payton said. ‘It doesn’t make a difference in the event that you enjoy it or perhaps not, it was fair.’