AGA Denounces ‚Damaging‘ IRS Proposals On Capitol Hill

AGA Den<span id="more-6106"></span>ounces ‚Damaging‘ IRS Proposals On Capitol Hill

Geoff Freeman, AGA president: ‚This might have enormous implications not just for commitment cards in the casino industry but 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 concerns over plans to lower the tax reporting limit for slot winnings from $1,200 to $600.

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

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

Casinos would also require costly improvements to their backend systems.

You will find concerns, in particular, about IRS suggestions that the proposed rule could possibly be enforced through the tracking that is electronic of‘ gambling practices through their customer commitment cards.

‚ The gaming industry knows no other industry into the country for which the IRS has issued regulations requiring the industry to deploy its consumer commitment program for federal income tax collection purposes,‘ the AGA said recently.

‚Customer Would Walk‘

‚we question the need to impose mandatory, across-the-board use of the player-tracking tool for tax reporting purposes,‘ said Freeman while we recognize the IRS‘ concerns and objectives. ‚Instead than mandating across-the-board use for tax reporting, we believe a more targeted approach is possible for achieving 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 just for loyalty cards into the casino industry however in the broader hospitality industry: hotels, airlines and others.‘

‚The reduction in the threshold that is reportable have a devastating effect on our business, 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.

Prohibited Gambling Advisory Board Established

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

This will be not, due to the fact name may recommend, a hotline offering advice on finding the greatest chances from illicit bookmakers, it is, in fact, the opposite.

The board is set up included in the AGA’s ‚Stop Illegal Gambling: Play it Safe‘ effort, and seeks to distinguish the regulated gaming market from the ‚criminal sites that depend on illegal gambling to invest in violent crimes and drug and human trafficking.‘

‚The Illegal Gambling Advisory Board, along with forthcoming partnerships, will ensure that illegal gambling is taken to the forefront of public conversation so that individuals can clearly distinguish our highly regulated industry from the enterprises that are illegal investment negative activities and tarnish our reputation,‘ explained Brian Cohen, director of Ally Development for the AGA.

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

Californians for Responsible iPoker was formed to advertise market inclusivity by PokerStars and its coalition partners, calling for the final end to ‚divisive politics.‘ (Image:

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

It also announces the establishment for the PokerStars Pro Tour, which will see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville card that is visiting across California so that you can win hearts and minds.

‚ The Morongo Band of Mission Indians, San Manuel Band of Mission Indians, California’s three card clubs that are largest (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.

Market Inclusivity

‚Today, millions of California poker players cannot play the game we love online, while other states and a large number of countries have authorized iPoker,‘ it says. ‚Authorizing a well-regulated ipoker market in California will protect the state’s poker-playing consumers, help neighborhood business, and generate both jobs and revenue in California.‘

The coalition demands market inclusivity and an end to the ‚failed, divisive politics of the past,‘ that have derailed efforts that are previous regulation and is set to accomplish so this year. The group is opposed by an alliance of tribal operators who wish to exclude PokerStars plus the California racetracks from a regulated on-line poker market.

‚After more than six several years of unsuccessful attempts in California, it is obvious that stakeholders must achieve consensus that is substantial order for any bill to pass. We should abandon the unsuccessful, divisive politics of the past that motivated anti-competitive and most likely unconstitutional legislative proposals specifically meant to exclude the most effective and iPoker that is well-regulated provider from California’s market,‘ the group’s message continues.

Implicit Support for Racetracks

CRP may or might not wish race tracks along for the ride, but the wording of its agenda would imply tracks would be incorporated into any positive outcome.

‚ We ought to help legislation that allows California’s existing licensed video gaming providers, including tribes, card spaces, as well as others, to participate in the marketplace after strict vetting that is regulatory suitability.‘

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

‚California Legislature should really be attempting 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 current securities trading investigation into Amaya Inc.

‚This hasn’t stopped PokerStars from lobbying our state legislature so they can engage in on-line poker here in California, gaining access to every computer, tablet and smartphone in the state,‘ the spot continued.

The poker wars will no doubt be heating up for the second half of 2015 with this new coalition. a present $280 million investment into the iPoker that is global’s moms and dad’s parent Amaya by PointState Capital, a hedge fund, 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 US market, A california presence could become much more tenable. Possibly 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 operates some 3,000 slots in military bases across the global world; that’s two times as many Caesars Palace. (Image:

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 needed seriously to assist US servicemen who are battling gambling addiction.

This employs the revelation that the Department of Defense runs some 3,000 slots at US military bases across the entire world that yield estimated annual revenues of $100 million per year.

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

‚If the military is going to use gambling facilities that bring in tens of millions of dollars in income, additionally needs to ensure there clearly was adequate prevention, therapy, and economic guidance available for service people 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 step that is first assisting members for the armed forces and their families who’re afflicted with problem gambling,‘ she added.

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

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

Based on the nationwide Council on Problem Gambling, around 36,000 active-duty members of the meet that is military for a gambling issue.

A study by the University of Georgia recently reported that rates of pathological gambling and problem gambling was much higher than average among veterans, army recruits and service that is current.

May Affect Military Readiness

‚Research suggests that Military personnel are at threat of experiencing negative consequences as a result of gambling related issues such as for example stress from economic debts, which might have negative effect on military readiness,‘ the research said. ‚Furthermore, military and veteran populations tend to be more prone to substance abuse, psychological health issues, and suicide, all of which are highly co-morbid with issue gambling.

‚There is a clear need to screen military personnel and veterans for problem gambling,‘ it continued. ‚The identification of those at risk of and suffering from problem gambling provides opportunities to intervene, that might lessen the incidence and prevalence of problem gambling, also as alleviate associated negative impacts to public health.‘

The study concluded that issue gambling is linked with increased risk-taking and overconfidence, while combat experiences, including contact with violent combat, killing someone, and experiencing high levels of trauma, predicated a larger risk-taking propensity on return from implementation.

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