AGA Denounces ‘Damaging’ IRS Proposals On Capitol Hill

AGA Den<span id="more-6447"></span>ounces ‘Damaging’ IRS Proposals On Capitol Hill

Geoff Freeman, AGA president: ‘This might have implications that are enormous only for commitment cards within the casino industry however in the broader hospitality industry.’

American Gaming Association (AGA) President and Chief Executive Geoff Freeman testified at an IRS hearing on Capitol Hill this week, voicing industry issues over plans to reduce the income tax reporting limit for slot winnings from $1,200 to $600.

Also present during the hearing were casino executives and representatives that are tribal.

The opinion inside the casino industry is the fact that proposals would be harmful to customer experience, while increasing paper work for casinos and disrupting the casino floor.

Gambling enterprises would also need upgrades that are expensive their backend systems.

There are concerns, in particular, about IRS suggestions that the proposed rule could be enforced through the electronic tracking of players’ gambling habits through their customer loyalty cards.

‘ The gaming industry is aware of no other industry in the national nation which is why the IRS has issued regulations requiring the industry to deploy its client loyalty program for federal income tax collection purposes,’ the AGA said recently.

‘Customer Would Walk’

‘While we recognize the IRS’ concerns and objectives, we question the necessity to impose mandatory, across-the-board use of the player-tracking tool for tax reporting purposes,’ said Freeman. ‘Rather than mandating across-the-board use for tax reporting, we think a more targeted approach is possible for attaining the IRS’ objective.’

‘The customer would walk away,’ Freeman said in an interview that is post-hearing the Las Vegas Review Journal. ‘This would have implications that are enormous only for loyalty cards into the casino industry however in the broader hospitality industry: hotels, air companies and other people.’

‘The reduction in the reportable threshold could have a devastating effect on our company, and we strongly oppose the decrease,’ included John Canham, VP of casino operations at Hollywood Casino at Kansas Speedway.

The AGA has launched a petition that is online the proposals, already finalized by 10,000 people. These signatures were from casino employees and customers alike, from across all 50 states, said Freeman.

The AGA represents operators and gaming suppliers that collectively support 1.7 million US jobs.

Illegal Gambling Advisory Board Established

Elsewhere, the AGA’s new prohibited Gambling Advisory Board held its inaugural meeting this week.

This is not, while the name may recommend, a hotline offering advice on where to find the greatest chances from illicit bookmakers, it is, in fact, the opposite.

The board has been set up as part of the AGA’s ‘Stop Illegal Gambling: Play it Safe’ initiative, and seeks to tell apart the regulated gaming market from the ‘criminal companies that rely on illegal gambling to finance violent crimes and drug and human trafficking.’

‘The Illegal Gambling Advisory Board, along with forthcoming partnerships, will ensure that illegal gambling is brought to the forefront of public discussion so that people can clearly differentiate our highly regulated industry from the enterprises that are illegal investment negative activities and tarnish our reputation,’ explained Brian Cohen, director of Ally developing for the AGA.

Californians for Responsible iPoker Latest Effort to Legalize Internet Gaming in Golden State

Californians for accountable iPoker has been formed to advertise market inclusivity by PokerStars and its coalition lovers, calling for the final end to ‘divisive politics.’ (Image: calvinayre.com)

A new PokerStars-backed coalition called Californians for Responsible iPoker is looking for supporters in the Golden State through the advocacy group that is new. Too as collecting signatures from resident proponents, the alliance lays down its aims and principles in a plan that is ten-point accountable legislation.

Additionally announces the establishment for the PokerStars Pro Tour, that may see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville visiting card rooms across Ca in an attempt to win hearts and minds.

‘ The Morongo Band of Mission Indians, San Manuel Band of Mission Indians, California’s three largest card clubs (the Commerce Club, Hawaiian Gardens Casino and the Bicycle Casino) and Amaya Inc, which owns and operates PokerStars, have formed a business alliance to promote legislation that authorizes and regulates intrastate real-money online poker in California,’ states your website.

Marketplace Inclusivity

‘Today, millions of California poker players cannot perform the game we love online, while other states and a large number of countries have authorized iPoker,’ it says. ‘Authorizing an ipoker that is well-regulated in California will protect the state’s poker-playing customers, support local business, and create both jobs and revenue in California.’

The coalition calls for market inclusivity as well as an end to the ‘failed, divisive politics of the past,’ which have derailed previous efforts at regulation and is set to accomplish so this 12 months. The group is opposed by an alliance of tribal operators who need to exclude PokerStars as well as the Ca racetracks from the regulated internet poker market.

‘After more than six many years of unsuccessful efforts in California, it https://casino-online-australia.net/planet-7-oz-casino-review/ is clear that stakeholders must achieve substantial consensus in order for any bill to pass. We ought to abandon the unsuccessful, divisive politics regarding the past that motivated anti-competitive and most likely unconstitutional legislative proposals specifically meant to exclude one of the more effective and iPoker that is well-regulated provider from Ca’s market,’ the group’s message continues.

Implicit Support for Racetracks

CRP may or may well not desire race tracks along for the ride, however the wording of its agenda would imply tracks would be a part of any outcome that is positive.

‘ We must help legislation that allows California’s existing certified gaming providers, including tribes, card spaces, and others, to take part in the marketplace after strict regulatory vetting for suitability.’

The group’s opponents, but, remain as steadfast as ever. The Viejas Band of Kumayaay Indians recently established a radio advertising campaign that went right for the jugular.

‘California Legislature must be trying to stop Internet scam artists and conmen,’ it began, before it became clear that the Viejas includes PokerStars in that category.

The operator accused PokerStars of being ‘corrupt’ because of this Black Friday indictments and the present securities trading research into Amaya Inc.

‘This hasn’t stopped PokerStars from lobbying our state legislature to enable them to participate in on-line poker here in California, gaining access to every computer, tablet and smartphone in their state,’ the spot continued.

With this new coalition, the poker wars will no doubt be heating up for the next 1 / 2 of 2015. a present $280 million investment into the iPoker that is global’s parent’s parent Amaya by PointState Capital, a hedge investment, has already established many wondering if at least the much-touted PokerStars New Jersey launch may at last be imminent.

Once the operator gains a foothold back to the United States market, A ca presence could become much more tenable. Perhaps it is this possibility for which Californians for Responsible iPoker is readying itself.

Slot Machines At US Army Bases Generate $100 Million

The Department of Defense runs some 3,000 slot machines in military bases across the world; that’s two times as many Caesars Palace. (Image: stripes.com)

Military slot devices rake in millions but none of that money goes to soldiers that are supporting gambling problems.

As a result, Senator Elizabeth Warren (D-MA) has demanded a report be conducted by the political Accountability Office into whether recourses are had a need to assist US servicemen who are battling gambling addiction.

This comes after the revelation that the Department of Defense operates some 3,000 slot machines at US military bases across the planet that yield estimated annual revenues of $100 million per year.

The US Senate this week adopted an amendment to the National Defense Authorization Act in order to pave the method for the research.

‘If the military is going to work gambling facilities that make tens of millions of dollars in revenue, it needs to ensure there is certainly prevention that is adequate therapy, and economic counseling designed for service users struggling with gambling addictions,’ said Warren.

Problem Gambling High among Soldiers and Veterans

‘By examining the risk of problem gambling among service members and the resources currently available, this amendment is an essential very first step up assisting members associated with the armed forces and their families who’re affected by problem gambling,’ she added.

Regardless of the millions that slot machines bring in each year to Defense Department coffers, and the millions more generated by bingo games, it offers never established any style of treatment system or prevention efforts to help combat gambling problems among its servicemen and ladies.

Meanwhile, research reports have regularly discovered that members for the armed forces are in a greater risk of pathological gambling than the general population.

According to the National Council on Problem Gambling, around 36,000 active-duty members for the meet that is military for a gambling problem.

A research by the University of Georgia recently reported that prices of pathological gambling and problem gambling was much higher than average among veterans, armed forces recruits and service that is current.

May Affect Military Readiness

‘Research suggests that Military personnel are at risk of experiencing negative effects as a result of gambling associated issues such as for instance stress from monetary debts, which could have negative effect on military readiness,’ the study said. ‘Furthermore, military and veteran populations tend to be more susceptible to substance abuse, mental health conditions, and suicide, most of which are highly co-morbid with problem gambling.

‘There is a need that is clear screen military personnel and veterans for problem gambling,’ it continued. ‘The identification of those at risk of and struggling with problem gambling provides opportunities to intervene, which might decrease the incidence and prevalence of problem gambling, aswell as alleviate associated negative impacts to general public wellness.’

The study figured problem gambling is linked with increased risk-taking and overconfidence, while combat experiences, including experience of violent combat, killing somebody, and experiencing high quantities of trauma, predicated a larger risk-taking propensity on return from deployment.