Geoff Freeman, AGA president: ‘This might have implications that are enormous only for commitment cards into 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 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 inside 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.
Gambling enterprises would also need costly upgrades to their backend systems.
You will 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 commitment cards.
‘ The gaming industry knows no other industry in the nation which is why the IRS has issued regulations requiring the industry to deploy its customer loyalty program for federal income 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. ‘Instead than mandating across-the-board use for tax reporting, we think a more targeted approach is possible for achieving the IRS’ objective planet 7 oz sign up bonus.’
‘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 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 signed by 10,000 people. These signatures were 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
Somewhere else, the AGA’s brand new prohibited Gambling Advisory Board held its inaugural meeting this week.
This will be not, since the true name may suggest, a hotline offering suggestions about finding the best chances from illicit bookmakers, it is, in fact, the reverse.
The board was set up as part of the AGA’s ‘Stop Illegal Gambling: Play it Safe’ effort, and seeks to tell apart the regulated gaming market from the ‘criminal sites that rely on illegal gambling to fund violent crimes and drug and human trafficking.’
‘The Illegal Gambling Advisory Board, along side forthcoming partnerships, will ensure that illegal gambling is brought to the forefront of public conversation so that individuals can clearly differentiate our highly regulated industry from the enterprises that are illegal 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 Web Gaming in Golden State
Californians for accountable iPoker is formed to advertise market inclusivity by PokerStars and its coalition partners, calling for an final end to ‘divisive politics.’ (Image: calvinayre.com)
A new PokerStars-backed coalition called Californians for accountable iPoker is seeking supporters in the Golden State through the brand new advocacy group. Also as collecting signatures from resident proponents, the alliance lays down its aims and principles in a ten-point plan for accountable legislation.
Additionally announces the establishment associated with PokerStars Pro Tour, that may see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville visiting card spaces across Ca 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.
‘Today, an incredible number of California poker players cannot play the game we love online, while other states and lots of nations have authorized iPoker,’ it says. ‘Authorizing a well-regulated ipoker market in California will protect hawaii’s poker-playing consumers, help neighborhood business, and produce both jobs and revenue in California.’
The coalition requires market inclusivity and an end to the ‘failed, divisive politics of the past,’ which have derailed efforts that are previous regulation and is set doing so this year. The group is opposed by an alliance of tribal operators who wish to exclude PokerStars therefore the California racetracks from the online poker market that is regulated.
‘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 must abandon the unsuccessful, divisive politics associated with the past that motivated anti-competitive and most likely unconstitutional legislative proposals specifically intended to exclude perhaps one of the most effective and well-regulated iPoker service provider from Ca’s market,’ the group’s message continues.
Implicit Support for Racetracks
CRP may or might not desire race tracks along for the ride, but the wording of its agenda would mean that tracks would be contained in any positive outcome.
‘ We ought to support legislation enabling California’s existing certified video gaming providers, including tribes, card rooms, and others, to engage in the marketplace 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 right 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 engage in internet 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 present $280 million investment into the global iPoker business’s parent’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 to the United States 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 runs some 3,000 slots in military bases across the 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 such, 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 uses the revelation that the Department of Defense runs some 3,000 slot machines at US military bases across the entire world that yield estimated annual revenues of $100 million each year.
The US Senate this week adopted an amendment to the National Defense Authorization Act so that you can pave the way for the study.
‘If the military is going to work gambling facilities that make tens of millions of dollars in revenue, it needs to ensure there clearly was prevention that is adequate treatment, and financial guidance readily available for service users struggling with 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 step that is first assisting members of this armed forces and their families who are afflicted with 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 consistently discovered that members of this armed forces are in a greater risk of pathological gambling than the population that is general.
According to the National Council on Problem Gambling, around 36,000 active-duty members for the military meet criteria for a gambling problem.
A study by the University of Georgia recently stated that prices of pathological gambling and problem gambling was much higher than average among veterans, armed forces recruits and current service members.
May Affect Military Readiness
‘Research implies that army personnel are in danger of experiencing negative consequences as a result of gambling associated issues such as stress from monetary debts, which may have a effect that is negative military readiness,’ the analysis said. ‘Furthermore, military and veteran populations are more susceptible to drug abuse, mental health issues, 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, which may reduce steadily the incidence and prevalence of problem gambling, too as alleviate associated negative impacts to general public health.’
The research concluded that problem gambling is associated with increased risk-taking and overconfidence, while combat experiences, including contact with violent combat, killing someone, and experiencing high degrees of trauma, predicated a greater risk-taking propensity on return from deployment.