AGA Denounces ‘Damaging’ IRS Proposals On Capitol Hill
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Geoff Freeman, AGA president: ‘This could have enormous implications not only 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 reduce the income 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 within 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 upgrades that are expensive their backend systems.
You can find concerns, in particular, about IRS suggestions that the proposed rule could be enforced through the electronic monitoring of players’ gambling practices 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’
‘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 use that is across-the-board tax reporting, we believe a more targeted approach is achievable 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 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 company, and we strongly oppose the decrease,’ added John Canham, VP of casino operations at Hollywood Casino at Kansas Speedway.
The AGA has launched a petition that is online the proposals, already signed by 10,000 people. These signatures had been from casino employees and clients 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 new Illegal Gambling Advisory Board held its inaugural meeting this week.
That is perhaps not, since the true name may suggest, a hotline offering advice on finding the very best odds from illicit bookmakers, it is, in fact, the opposite.
The board is 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 depend on illegal gambling to fund violent crimes and drug and human trafficking.’
‘The Illegal Gambling Advisory Board, along side forthcoming partnerships, will make sure that illegal gambling is delivered to the forefront of public conversation so that individuals can clearly distinguish our highly regulated industry from the illegal enterprises that 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 Internet Gaming in Golden State
Californians for Responsible iPoker was formed to advertise market inclusivity by PokerStars and its coalition partners, calling for an end to ‘divisive politics.’ (Image: calvinayre.com)
A new PokerStars-backed coalition called Californians for accountable 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 ten-point plan for responsible legislation.
Additionally announces the establishment for the PokerStars Pro Tour, that will see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville visiting card spaces across Ca in an effort 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 market legislation that authorizes and regulates intrastate real-money online poker in California,’ states your website.
Market Inclusivity
‘Today, an incredible number of California poker players cannot play the game we love online, while other states and dozens of nations have authorized iPoker,’ it says. ‘Authorizing an ipoker that is well-regulated in California will protect the state’s poker-playing consumers, support neighborhood business, and produce both jobs and revenue in California.’
The coalition requires market inclusivity plus an end to the https://casino-online-australia.net/planet-7-oz-casino-review/ ‘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 need to exclude PokerStars plus the California racetracks from a online poker market that is regulated.
‘After more than six several years of unsuccessful attempts in California, it is clear that stakeholders must achieve consensus that is substantial order for any bill to pass. We ought to abandon the failed, divisive politics for the past that motivated anti-competitive and likely unconstitutional legislative proposals specifically intended to exclude probably one of the most 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 trip, but the wording of its agenda would imply that tracks would be a part of any outcome that is positive.
‘ We ought to help legislation which allows California’s existing certified gaming providers, including tribes, card rooms, among others, to engage available on the market after strict regulatory vetting for suitability.’
The group’s opponents, however, remain as steadfast as ever. The Viejas Band of Kumayaay Indians recently launched a radio advertising campaign that went straight for the jugular.
‘California Legislature should really be wanting 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 securities that are current investigation into Amaya Inc.
‘This has not stopped PokerStars from lobbying our state legislature so they can engage in online poker here in California, gaining access to every computer, tablet and smartphone in their state,’ the spot continued.
With this specific new coalition, the poker wars will no doubt be heating for the second 50 % of 2015. a recent $280 million investment in the global iPoker business’s moms and dad’s parent Amaya by PointState Capital, a hedge investment, has had many wondering if at least the much-touted PokerStars New Jersey launch may at last be imminent.
Once a foothold is gained by the operator back in the US market, A ca presence could become much more tenable. Perhaps it is this possibility for which Californians for Responsible iPoker is readying it self.
Slot Machines At US Army Bases Generate $100 Million
The Department of Defense runs some 3,000 slots in military bases across the world; that’s two times as many Caesars Palace. (Image: stripes.com)
Army slot machines rake in millions but none of that money goes to soldiers that are supporting gambling problems.
As such, 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 world that yield estimated annual revenues of $100 million per year.
The US Senate this week adopted an amendment towards the National Defense Authorization Act so that you can pave the method for the study.
‘If the military is going to work gambling facilities that make tens of millions of dollars in revenue, additionally needs to ensure there is certainly prevention that is adequate treatment, and economic counseling available for service people suffering 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 important step that is first assisting members regarding the armed forces and their families who are suffering from problem gambling,’ she added.
Inspite of the millions that slot machines bring in each year to Defense Department coffers, and also the millions more generated by bingo games, it offers never ever established any form of treatment system or prevention efforts to help combat gambling problems among its servicemen and women.
Meanwhile, research reports have consistently found that members associated with the armed forces are at a greater risk of pathological gambling than the general population.
In line with the nationwide Council on Problem Gambling, around 36,000 active-duty users associated with the meet that is military for a gambling problem.
A study by the University of Georgia recently stated that prices of pathological gambling and problem gambling was much higher than average among veterans, armed forces recruits and present service people.
May Affect Military Readiness
‘Research implies that army personnel have reached danger of experiencing negative consequences as a result of gambling associated issues such as stress from financial debts, which could have effect that is negative military readiness,’ the research said. ‘Furthermore, military and veteran populations are far more prone to substance abuse, psychological health problems, and suicide, every one 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 could decrease the incidence and prevalence of problem gambling, too as alleviate associated negative impacts to general public health.’
The analysis concluded that issue gambling is connected with increased risk-taking and overconfidence, while combat experiences, including exposure to violent combat, killing some body, and experiencing high levels of trauma, predicated a greater risk-taking propensity on return from deployment.
