Geoff Freeman, AGA president: ‘This could have enormous implications not only for commitment cards into the casino industry however in the broader hospitality industry.’
United states 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 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 within the casino industry is the fact that proposals would be detrimental to customer experience, while increasing paper work for casinos and disrupting the casino floor.
Casinos would also need 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 tracking that is electronic of’ gambling habits through their customer loyalty cards.
‘ The gaming industry is aware of no other industry in the national country which is why the IRS has issued regulations requiring the industry to deploy its customer commitment system for federal taxation 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 think a more targeted approach is possible for achieving the IRS’ objective.’
‘The customer would walk away,’ Freeman said in a post-hearing interview with the Las Vegas Review Journal. ‘This would have implications that are enormous simply for loyalty cards in the casino industry however in the broader hospitality industry: hotels, air companies and others.’
‘The reduction in the threshold that is reportable have a devastating effect on our business, 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
Somewhere else, the AGA’s new Illegal Gambling Advisory Board held its inaugural meeting this week.
This might be maybe not, due to the fact name may suggest, a hotline offering advice on how to locate the most effective chances from illicit bookmakers, it is, in fact, the reverse.
The board happens to be set up as part of the AGA’s ‘Stop Illegal Gambling: Enjoy it Safe’ effort, and seeks to distinguish the regulated gaming market from the ‘criminal sites 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 taken 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 Web Gaming in Golden State
Californians for Responsible iPoker was created to advertise market inclusivity by PokerStars and its coalition lovers, calling for an 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 brand new advocacy group. Too 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 of the PokerStars Pro Tour, that may see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville card that is visiting across California 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 the website.
‘Today, millions of California poker players cannot perform 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, help local business, and generate both jobs and revenue in California.’
The coalition requires market inclusivity plus an end to the ‘failed, divisive politics of the past,’ that have derailed previous efforts at regulation and is set doing so this year. The group is compared by an alliance of tribal operators who need to exclude PokerStars and the California racetracks from the regulated on-line poker market.
‘After more than six several 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 unsuccessful, divisive politics for the past that motivated anti-competitive and most likely unconstitutional legislative proposals specifically designed to exclude the most successful and well-regulated iPoker service provider from California’s market,’ the group’s message continues.
Implicit Support for Racetracks
CRP may or may not want race songs along for the ride, however the wording of its agenda would mean that tracks would be contained in any outcome that is positive.
‘ We ought to help legislation enabling California’s existing certified gaming providers, including tribes, card spaces, and others, to engage available on the market after stringent regulatory vetting for suitability.’
The group’s opponents, nonetheless, 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 ought to 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 Ebony 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 continued.
The casino-online-australia.net poker wars will no doubt be heating up for the second half of 2015 with this new coalition. a present $280 million investment within the global iPoker business’s moms and dad’s parent Amaya by PointState Capital, a hedge fund, has received many wondering if at least the much-touted PokerStars New Jersey launch may at last be imminent.
Once the operator gains a foothold back in the United States market, A california presence could become much more tenable. Possibly 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 global world; that’s doubly many Caesars Palace. (Image: stripes.com)
Military 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 Governmental Accountability Office into whether recourses are had a need to help US servicemen who are battling gambling addiction.
This uses the revelation that the Department of Defense operates some 3,000 slots at US bases that are military the planet 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 work gambling facilities that make tens of millions of dollars in revenue, it also needs to ensure there is prevention that is adequate therapy, and financial counseling available for service people fighting 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 a significant first help assisting members associated with the military and their loved ones who’re afflicted with issue gambling,’ she added.
Despite 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 form of treatment program or prevention efforts to help combat gambling problems among its servicemen and women.
Meanwhile, studies have consistently unearthed that members associated with the armed forces have reached a greater risk of pathological gambling than the general population.
Based on the nationwide Council on Problem Gambling, around 36,000 active-duty members of the military meet criteria for a gambling problem.
A study by the University of Georgia recently stated that rates of pathological gambling and problem gambling was much higher than average among veterans, military recruits and service that is current.
May Affect Military Readiness
‘Research suggests that army workers are at danger of experiencing negative consequences as a result of gambling associated issues such as for instance stress from financial debts, which could have negative impact on military readiness,’ the analysis stated. ‘Furthermore, military and veteran populations are more vulnerable to drug abuse, psychological health conditions, and suicide, most 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 struggling with problem gambling provides opportunities to intervene, which might decrease the incidence and prevalence of problem gambling, also as alleviate associated negative impacts to general public wellness.’
The research figured problem gambling is associated with increased risk-taking and overconfidence, while combat experiences, including experience of violent combat, killing some body, and experiencing high levels of trauma, predicated a greater risk-taking propensity on return from implementation.