Harry Reid RAWA Support Means Bill Will Likely Return in 2015

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

RAWA, also known 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), who can no longer be the Senate Majority Leader as he returns for the next session that is legislative.

‘we think there will be efforts made to look at the Wire Act in A republican-initiated congress, yes I do,’ Reid said. ‘I think there will be efforts designed to beat the Wire Act.’

By getting rid of the Wire Act, Reid generally seems to mean that he’d want to see legislation placed into place that would produce a law to replace ( or simply just reword) the Wire that is current Act which had been reinterpreted to apply only to recreations betting in 2011. That critical interpretation permitted for states to regulate other designs of online gambling over the past 36 months.

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 bored with adding on a potentially contentious driver to the must-pass ‘cromnibus’ legislation.

Reid is definitely a supporter in general associated with gaming industry, and once served as the chairman of the Nevada Gaming Commission. But while he has tried in yesteryear to regulate online poker at the federal level, their overall stance on Web gaming had been notably less clear, and in recent days, it has become obvious that his stance on the issue is much closer to Adelson’s than many may have thought.

‘ I think the proliferation of gambling on the web is not beneficial to our nation,’ Reid said in a interview with the vegas Review-Journal. ‘I think it is an invitation to crime. I think it is hard to control for criminal activity when you’ve got brick-and-mortar places, let alone something up in the sky someplace, also it is quite harmful to young ones.’

Reid Says No Deal with Adelson for 2016

Statements like that have led some to take a position that Reid could have struck a deal together with long-time buddy Adelson, one by which Reid would push for a gambling that is online while Adelson would concur maybe not to fund Reid’s next Republican opponent in their 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 the time that is long on politics he and I don’t agree, so we don’t do politics,’ Reid said.

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

‘ If there exists a chance to [regulate] poker, I will do that,’ Reid stated. He noted that there may have been an opening for poker had RAWA been placed into the bill that is omnibus though the timing would have been difficult given the frenzy of action in 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 number 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 were made to the bill to meet up its concerns. The bill, introduced by State Senate President Steve Sweeney (D-3rd District), was created to greatly help support revenue for Atlantic City while also providing expense certainty for the remaining casinos there.

Last week, Golden Nugget general counsel Steven Scheinthal had harsh words for the proposed legislation, stating that the company was prepared to ‘blow the whole thing up.’ According to him, the bill ended up being money that is essentially taking from the casinos that could least manage it, while offering great deals to the largest casinos 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 few of the city’s most resorts that are profitable actually conserve money as an outcome of what the law states. Harrah’s and Caesars Atlantic City would both save a lot more than $10 million per year, while the Trump Taj Mahal (which has however been teetering on its legs that are last, the Tropicana plus the Borgata would reportedly save yourself millions as well.

‘We expect fair legislation,’ Scheinthal said. ‘ We don’t expect our legislators to harm us, and that’s 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 purchase to block the legislation from going into effect had been 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

Following changes to the bill, a casino will now have some protection against paying more underneath the payments in place of taxes than it would have underneath the old taxation plan. For the next five years, any excess payments will likely be credited towards a casino’s reinvestment taxation responsibility. The Golden Nugget may also conserve $2 million a thanks to the elimination of the atlantic city alliance marketing group, which it helped to fund year.

‘We’re OK with it now,’ Scheinthal said on Monday. ‘We’re protected for 5 years; that is a positive thing. At least some stability is had by us and know our taxes aren’t going to rise.’

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

Sweeney’s legislation, that has currently passed through committees in the continuing State Senate and State Assembly, would ensure fixed re payments from 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 will drop to $130 million over the next 13 years. That number could possibly be adjusted if gambling profits changed dramatically.

That measure would be joined by others built to stabilize Atlantic City’s budget, ladbrokes casino 10 free spins while workers that are also protecting. Cash that is designated for the Casino Reinvestment Development Authority would alternatively be utilized to spend straight down the city’s debt, while minimal benefits levels could be guaranteed for all casino employees.

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) ended up being cancelled because of a distributed denial-of-service (DDoS) assault, making it the latest poker site to be 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 cancellation may be a major blow to WPN, which ended up being hoping to build the poker event that is largest on a web site that accepts American players in nearly four years, since the events of Black Friday forced PokerStars, Full Tilt Poker and Absolute Poker from the United States market.

The function ended up being still in its late registration period at the time it was canceled, meaning that all players were completely refunded relative to system policy.

Strong Turnout Despite Connectivity Issues

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

At that time the competition was terminated, 1,937 players had currently set up their $500 buy-ins in to the prize pool. Combined with the $40 entry fee, the competition had already covered its guarantee, along with 45 minutes left in the late registration period, it’s possible that the field would have risen to over 2,000 players, enough to surpass the guarantee in buy-ins alone.

The competition began at 3 pm on afternoon, and the connectivity issues appeared to occur soon after that, with the tournament being suspended just minutes in and players complaining of server issues throughout the event sunday. While WPN initially tried allowing the event to keep, as the site was still operational, CEO Phil Payton eventually decided that the situation merely wasn’t fair for many players, especially 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 ranging from four and six hours. Based on time stamped posts within the Two Plus Two forums that were made due to the fact occasion unfolded, it appears as though the tournament was finally canceled at around 8:30 pm, or 5.5 hours after it began. That adopted hours of player complaints over being folded out of fingers or being unable to link to your website.

‘Due to circumstances out of our control, we’ve been unable to provide a stable reasonable video gaming experience,’ stated a message that appeared regarding the screens of players into the tournament during the time of the cancellation. ‘Many players timed out, while other stayed connected. As per our terms and conditions, the competition will be canceled and buy-ins and charges refunded to all participants.’

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 should be compensated at the very least partially centered on their chip piles.

‘Absolutely ridiculous,’ wrote Two Plus Two poster AdamHendrix. ‘ Was still in with lower than a third of the individuals left. And everybody else gets refunded. You have to be kidding.’

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

‘If it happened again tomorrow, I’d do the thing that is same’ Payton said. ‘It doesn’t make a difference it or otherwise not, it had been fair. if you like’