Geoff Freeman, AGA president: ‘This might have enormous implications not simply for commitment cards in the casino industry but 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 intends to lower the income tax reporting threshold for slot winnings from $1,200 to $600.
Also present at the hearing were casino executives and tribal representatives.
The opinion inside 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.
Gambling enterprises 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’
‘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. ‘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 not only for loyalty cards in the casino industry however in the broader hospitality industry: hotels, airlines and other people.’
‘The reduction in the reportable threshold could 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 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 prohibited Gambling Advisory Board held its meeting that is inaugural this.
This is certainly perhaps not, as the true name may recommend, a hotline offering advice on finding the greatest chances from illicit bookmakers, it is, in reality, the reverse.
The board happens to be set up as part of the AGA’s ‘Stop Illegal Gambling: Play it Safe’ effort, and seeks to distinguish the regulated gaming market from the ‘criminal networks that rely on illegal gambling to finance violent crimes and drug and human trafficking.’
‘The Illegal Gambling Advisory Board, along with forthcoming partnerships, will make sure that illegal gambling is delivered to the forefront of public discussion so that individuals can clearly distinguish our highly managed industry from the illegal enterprises that fund negative activities and tarnish our reputation,’ explained Brian Cohen, director of Ally Development for the AGA.
Californians for Responsible iPoker Latest Effort to Legalize online Gaming in Golden State
Californians for accountable iPoker is created to advertise market inclusivity by PokerStars and its coalition lovers, calling for an final end to ‘divisive politics.’ (Image: calvinayre.com)
A brand new PokerStars-backed coalition called Californians for accountable iPoker is searching 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 accountable regulation.
It also announces the establishment associated with PokerStars Pro Tour, that may see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville card that is visiting across Ca so that you can 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 site.
‘Today, millions of California poker players cannot perform the game we love online, while other states and dozens of countries have authorized iPoker,’ it says. ‘Authorizing a well-regulated ipoker market in California will protect their state’s poker-playing customers, help local business, and create both jobs and revenue in California.’
The coalition requires market inclusivity as well as an end to the ‘failed, divisive politics of the past,’ which have derailed previous efforts at regulation and is set to accomplish so this year. The group is opposed by an alliance of tribal operators who desire to exclude PokerStars and also the California racetracks from the regulated on-line poker market.
‘After more than six several years of failed efforts in California, it is clear that stakeholders must reach consensus that is substantial order for any bill to pass. We should abandon the unsuccessful, divisive politics associated with the past that motivated anti-competitive and most likely unconstitutional legislative proposals specifically meant to exclude perhaps 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 want race tracks along for the trip, but the wording of its agenda would mean that tracks would be included in any positive outcome.
‘ We ought to help legislation enabling California’s existing licensed video gaming providers, including tribes, card spaces, as well as others, to take part in the marketplace after strict regulatory vetting for suitability.’
The group’s opponents, nonetheless, remain as steadfast as ever. The Viejas Band of Kumayaay Indians recently launched a radio advertisement campaign that went right for the jugular.
‘California Legislature must certanly be trying 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 present securities trading research into Amaya Inc.
‘This has not stopped PokerStars from lobbying our state legislature to enable them to engage in internet poker here in California, gaining access to every computer, tablet and smartphone in the state,’ the spot continued.
With this particular new coalition, the poker wars will no question be heating for the 2nd 50 % of 2015. a recent $280 million investment in the iPoker that is global’s parent’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 the operator gains a foothold back into the US market, A california presence could become much more tenable. Possibly it is this casino-online-australia.net 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 global world; that’s twice as many Caesars Palace. (Image: stripes.com)
Military slot machines rake in millions but none of that money goes to supporting soldiers with 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 help US servicemen who are battling gambling addiction.
This uses the revelation that the Department of Defense operates some 3,000 slots at US military bases across the world that yield estimated annual revenues of $100 million each year.
The US Senate this week adopted an amendment to your National Defense Authorization Act in order to pave the method for the research.
‘If the military is going to use gambling facilities that generate tens of millions of dollars in revenue, it also needs to ensure there is sufficient prevention, treatment, and monetary counseling available for service people suffering 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 an essential very first step up assisting members of this armed forces and their loved ones who are suffering from issue 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 found that members associated with the armed forces have reached a higher 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 issue.
A research 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 present service people.
May Affect Military Readiness
‘Research implies that Military workers are at threat of experiencing negative effects as a result of gambling associated issues such as for example stress from economic debts, that might have negative effect on military readiness,’ the study stated. ‘Furthermore, military and veteran populations are more vulnerable to substance abuse, psychological health problems, 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 suffering from problem gambling provides opportunities to intervene, which may reduce the incidence and prevalence of problem gambling, aswell as alleviate associated negative impacts to general public wellness.’
The analysis figured problem gambling is associated with increased risk-taking and overconfidence, while combat experiences, including contact with violent combat, killing some body, and experiencing high degrees of trauma, predicated a better risk-taking propensity on return from implementation.