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AGA Denounces ‘Damaging’ IRS Proposals On Capitol Hill

AGA Den<span id="more-5656"></span>ounces ‘Damaging’ IRS Proposals On Capitol Hill

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 lower the tax reporting threshold 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 that the proposals would be harmful to customer experience, while increasing paper work for casinos and disrupting the casino floor.

Gambling enterprises would also need expensive improvements to their backend systems.

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

‘ The gaming industry knows no other industry within the country which is why the IRS has issued regulations requiring the industry to deploy its consumer loyalty program for federal taxation collection purposes,’ the AGA said recently.

‘Customer Would Walk’

‘While we recognize the IRS’ concerns and objectives, we question the need to impose mandatory, across-the-board use of the player-tracking tool for tax reporting purposes,’ said Freeman. ‘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 a post-hearing interview with the Las Vegas Review Journal. ‘This would have enormous implications not only for loyalty cards into the casino industry but in the broader hospitality industry: hotels, air companies and other people.’

‘The reduction in the threshold that is reportable 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 an online petition opposing the proposals, already signed by 10,000 people. These signatures had been 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 Illegal Gambling Advisory Board held its inaugural meeting this week.

That is maybe not, once the true name may recommend, a hotline offering suggestions about finding the greatest chances from illicit bookmakers, it is, in fact, the reverse.

The board was set up as an element of the AGA’s ‘Stop Illegal Gambling: Play it Safe’ initiative, and seeks to tell apart the regulated gaming market from the ‘criminal networks that depend on illegal gambling to invest in violent crimes and drug and human trafficking.’

‘The Illegal Gambling Advisory Board, along side forthcoming partnerships, will ensure that illegal gambling is delivered to the forefront of public discussion so that people can clearly differentiate our highly regulated industry from the illegal enterprises that fund 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 accountable iPoker is formed to advertise market inclusivity by PokerStars and its coalition partners, calling for an end to ‘divisive politics.’ (Image: calvinayre.com)

A fresh PokerStars-backed coalition called Californians for Responsible iPoker is seeking 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 responsible legislation.

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 visiting card rooms across Ca so that you can win hearts and minds.

‘ The Morongo Band of Mission Indians, San Manuel Band of https://casino-online-australia.net/planet-7-oz-casino-review/ 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 your website.

Marketplace Inclusivity

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

The coalition calls for market inclusivity and an end to the ‘failed, divisive politics of the past,’ which have derailed efforts that are previous regulation and is set to accomplish so this 12 months. The group is compared by an alliance of tribal operators who desire to exclude PokerStars therefore the Ca racetracks from the online poker market that is regulated.

‘After more than six many years of failed efforts in California, it is obvious that stakeholders must reach consensus that is substantial 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 perhaps one of 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 wish race tracks along for the trip, but the wording of its agenda would imply tracks would be contained in any outcome that is positive.

‘ We must help legislation enabling California’s existing certified gaming providers, including tribes, card rooms, yet others, to participate 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 must 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 the 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 participate in online poker here in California, gaining access to every computer, tablet and smartphone in the state,’ the spot proceeded.

The poker wars will no doubt be heating up for the second half of 2015 with this new coalition. a recent $280 million investment in the global iPoker business’s moms and dad’s parent Amaya by PointState Capital, a hedge investment, has received 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 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 operates some 3,000 slots in military bases across the world; that’s twice as many Caesars Palace. (Image: stripes.com)

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

This comes after the revelation that the Department of Defense runs some 3,000 slots 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 to the National Defense Authorization Act in order to pave the means for the study.

‘If the military is going to operate gambling facilities that make tens of millions of dollars in income, it needs to ensure there clearly was adequate prevention, therapy, and monetary counseling designed for service users fighting gambling addictions,’ said Warren.

Problem Gambling High among Soldiers and Veterans

‘By examining the risk of issue gambling among service members and the resources currently available, this amendment is a significant first step in helping members of the military and their own families who’re affected by issue gambling,’ she added.

Regardless 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 style of treatment system or prevention efforts to help combat gambling problems among its servicemen and females.

Meanwhile, studies have consistently found that members associated with the armed forces have reached a greater risk of pathological gambling than the population that is general.

According to the nationwide Council on Problem Gambling, around 36,000 active-duty users of this military meet criteria for a gambling problem.

A research by the University of Georgia recently stated that prices of pathological gambling and problem gambling was much higher than average among veterans, army recruits and current service people.

May Affect Military Readiness

‘Research suggests that Military workers have reached danger of experiencing negative consequences as a result of gambling related issues such as for example stress from economic debts, that might have a negative impact on military readiness,’ the study said. ‘Furthermore, military and veteran populations tend to be more susceptible to drug abuse, mental health conditions, and suicide, every one 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 reduce the incidence and prevalence of problem gambling, aswell as alleviate associated negative impacts to general public wellness.’

The analysis concluded that issue gambling is linked with increased risk-taking and overconfidence, while combat experiences, including exposure to violent combat, killing someone, and experiencing high quantities of trauma, predicated a better risk-taking propensity on return from deployment.

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