AGA Denounces ‘Damaging’ IRS Proposals On Capitol Hill

AGA Den<span id="more-1795"></span>ounces ‘Damaging’ IRS Proposals On Capitol Hill

Geoff Freeman, AGA president: ‘This would have enormous implications not only for loyalty 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 intends to reduce the income tax reporting limit for slot winnings from $1,200 to $600.

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

The consensus in 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.

Casinos would also require upgrades that are expensive their backend systems.

You will find concerns, in particular, about IRS suggestions that the proposed rule might be enforced through the electronic tracking of players’ gambling habits through their customer commitment cards.

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

‘Customer Would Walk’

‘While we recognize the IRS’ concerns and objectives, we question the requirement 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 can be done 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 enormous implications perhaps not only for loyalty cards into the casino industry but in the broader hospitality industry: hotels, airlines and other people.’

‘The reduction in the reportable threshold could 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 an online petition opposing the proposals, already finalized 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.

This really is maybe not, while the true name may suggest, a hotline offering advice on finding the best chances from illicit bookmakers, it is, in reality, the opposite.

The board happens to be 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 invest in violent crimes and drug and human trafficking.’

‘The Illegal Gambling Advisory Board, along with forthcoming partnerships, will make sure that illegal gambling is brought to the forefront of public discussion so that people can clearly distinguish our highly controlled 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 accountable iPoker is formed to promote market inclusivity by PokerStars and its coalition partners, calling for the end to ‘divisive politics.’ (Image: calvinayre.com)

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

Additionally announces the establishment associated with PokerStars Pro Tour, that will see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville card that is visiting 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 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 market legislation that authorizes and regulates intrastate real-money online poker in California,’ states the website.

Market Inclusivity

‘Today, millions of California poker players cannot play the game we love online, while other states and lots of nations have authorized iPoker,’ it says. ‘Authorizing an ipoker that is well-regulated in California will protect hawaii’s poker-playing consumers, help regional business, and produce both jobs and revenue in California.’

The coalition demands market inclusivity plus an end to the ‘failed, divisive politics of the past,’ that have derailed efforts that are previous regulation and is set to do so this https://casino-online-australia.net/planet-7-oz-casino-review/ 12 months. The group is opposed by an alliance of tribal operators who desire to exclude PokerStars and the Ca racetracks from the regulated on-line poker market.

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

Implicit Support for Racetracks

CRP may or might not want race songs along for the ride, nevertheless the wording of its agenda would imply tracks would be a part of any positive outcome.

‘ We should help legislation that allows California’s existing certified gaming providers, including tribes, card spaces, yet others, to take part in the marketplace after stringent vetting that is regulatory suitability.’

The group’s opponents, but, remain as steadfast as ever. The Viejas Band of Kumayaay Indians recently established a radio ad campaign that went directly 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 the Black Friday indictments and the securities that are current research into Amaya Inc.

‘This has not stopped PokerStars from lobbying our state legislature to allow them to take part in on-line poker here in California, gaining access to every computer, tablet and smartphone in their state,’ the spot proceeded.

With this new coalition, the poker wars will no doubt be heating for the 2nd 50 % of 2015. a present $280 million investment in the iPoker that is global’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 into the United States market, A california presence could become much more tenable. Maybe 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 global 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 help US servicemen who are battling gambling addiction.

This employs the revelation that the Department of Defense operates some 3,000 slots at US military bases across the entire world that yield estimated annual revenues of $100 million each 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 work gambling facilities that bring in tens of millions of dollars in revenue, it needs to ensure there is certainly sufficient prevention, therapy, and economic guidance 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 step that is first helping members regarding the military and their families that are affected by problem gambling,’ she added.

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

Meanwhile, research reports have regularly discovered that members for the armed forces are at 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 this 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 current service users.

May Affect Military Readiness

‘Research implies that army personnel have reached threat of experiencing negative consequences as a result of gambling related issues such as for example stress from financial debts, which might have negative impact on military readiness,’ the research said. ‘Furthermore, military and veteran populations tend to be more prone to drug abuse, psychological health conditions, and suicide, all 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, that might lessen the incidence and prevalence of problem gambling, also as alleviate associated negative impacts to general public wellness.’

The analysis figured issue gambling is associated 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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