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AGA Denounces ‘Damaging’ IRS Proposals On Capitol Hill

AGA Den<span id="more-4608"></span>ounces ‘Damaging’ IRS Proposals On Capitol Hill

Geoff Freeman, AGA president: ‘This could have implications that are enormous simply for commitment cards within the casino industry however 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 issues over plans to reduce the tax reporting threshold for slot winnings from $1,200 to $600.

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

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

Gambling enterprises would also need upgrades that are expensive their backend systems.

You will 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 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 income tax collection purposes,’ the AGA said recently.

‘Customer Would Walk’

‘While we recognize the IRS’ concerns and goals, we question the need to impose mandatory, across-the-board use associated with the player-tracking tool for tax reporting purposes,’ said Freeman. ‘Instead than mandating across-the-board use for tax reporting, we believe a more targeted approach can be done for reaching 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 maybe not simply for loyalty cards within 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 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.

Illegal Gambling Advisory Board Established

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

That is maybe not, due to the fact name may recommend, a hotline offering advice on how to locate the best odds from illicit bookmakers, it is, in reality, the opposite.

The board was set up included in the AGA’s ‘Stop Illegal Gambling: Play it Safe’ effort, and seeks to tell apart the regulated gaming market from the ‘criminal sites that depend on illegal gambling to finance 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 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 developing for the AGA.

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

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

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

It 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 California in an attempt 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 promote 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 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 customers, support regional business, and generate both jobs and revenue in California.’

The coalition demands market inclusivity as well as an end to the ‘failed, divisive politics of the past,’ which have derailed efforts that are previous regulation and is set to do so this year. The group is opposed by an alliance of tribal operators who need to exclude PokerStars as well as the Ca racetracks from a online poker market that is regulated.

‘After more than six 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 associated with the past that motivated anti-competitive and likely unconstitutional legislative proposals specifically designed to exclude very successful and well-regulated iPoker service provider from California’s market,’ the group’s message continues.

Implicit Support for Racetracks

CRP may or may well not want race tracks along for the ride, but the wording of its agenda would mean that tracks would be incorporated into any outcome that is positive.

‘ We ought to support legislation which allows California’s existing certified video gaming providers, including tribes, card spaces, among others, to engage in the marketplace after stringent regulatory vetting for suitability.’

The group’s opponents, however, remain as steadfast as ever. The Viejas Band of Kumayaay Indians recently launched a radio ad campaign that went straight for the jugular.

‘California Legislature must certanly 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 investigation into Amaya Inc.

‘This hasn’t stopped PokerStars from lobbying our state legislature for them to participate in internet poker here in California, gaining access to every computer, tablet and smartphone in their state,’ the spot proceeded.

With this brand new coalition, the poker wars will no doubt be warming up for the second half of 2015. a current $280 million investment into the iPoker that is global’s moms and dad’s parent Amaya by PointState Capital, a hedge fund, has had many wondering if at least the much-touted PokerStars New Jersey launch may at last be imminent.

Once the operator gains a foothold back into the US market, A california 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 slot machines in military bases across the world; that’s doubly many Caesars Palace. (Image:

Army slot machines rake in millions but none of that money goes to supporting soldiers with 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 comes after the revelation that the Department of Defense operates some 3,000 slot machines at US bases that are military 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 operate gambling facilities that make tens of millions of dollars in revenue, it needs to ensure there clearly was prevention that is adequate treatment, and economic guidance readily available for service people 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 step that is first assisting members associated with the military and their families that 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 established any form of treatment program or prevention efforts to help combat gambling problems among its servicemen and women.

Meanwhile, research reports have consistently discovered that members associated with the armed forces have reached a higher risk of pathological gambling than the population that is general.

According to the nationwide Council on Problem Gambling, around 36,000 active-duty members associated with meet that is military for a gambling problem.

A research by the University of Georgia recently reported that rates of pathological gambling and problem gambling was much higher than average among veterans, armed forces recruits and present service members.

May Affect Military Readiness

‘Research suggests that army workers are in threat of experiencing negative consequences as a result of gambling associated issues such as stress from financial debts, which may have a negative impact on military readiness,’ the analysis stated. ‘Furthermore, military and veteran populations tend to be more at risk of drug abuse, mental health conditions, and suicide, each of which are highly co-morbid with problem 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, which might reduce steadily the incidence and prevalence of problem gambling, too as alleviate associated negative impacts to public health.’

The study figured issue gambling is associated with increased risk-taking and overconfidence, while combat experiences, including experience of violent combat, killing some body, and experiencing high quantities of trauma, predicated a greater risk-taking propensity on return from implementation.

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