Geoff Freeman, AGA president: ‘This might have implications that are enormous simply 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 plans to lower the tax reporting limit for slot winnings from $1,200 to $600.
Also present at the hearing were casino executives and representatives that are tribal.
The opinion within 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.
Casinos would also require costly improvements to their backend systems.
You can 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 country which is why the IRS has issued regulations requiring the industry to deploy its consumer loyalty program for federal income tax collection purposes,’ the AGA said recently.
‘Customer Would Walk’
‘While we recognize the IRS’ concerns and goals, we question the requirement to impose mandatory, across-the-board use regarding the player-tracking tool for tax reporting purposes,’ said Freeman. ‘Instead 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 implications that are enormous only for loyalty cards within the casino industry however 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 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 signed 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
Elsewhere, the AGA’s brand new Illegal Gambling Advisory Board held its inaugural meeting this week.
This really is maybe not, while the true name may suggest, a hotline offering suggestions about finding the best odds from illicit bookmakers, it is, in fact casino-online-australia.net, the opposite.
The board is set up included in the AGA’s ‘Stop Illegal Gambling: Enjoy it Safe’ effort, and seeks to distinguish 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 with forthcoming partnerships, will make sure that illegal gambling is taken to the forefront of public discussion so that we can clearly differentiate our highly managed industry from the enterprises that are illegal investment 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 Responsible iPoker was formed to promote market inclusivity by PokerStars and its coalition partners, calling for the end to ‘divisive politics.’ (Image: calvinayre.com)
A fresh PokerStars-backed coalition called Californians for Responsible iPoker is looking for supporters in the Golden State through the advocacy group that is new. Also as collecting signatures from resident proponents, the alliance lays down its aims and principles in a plan that is ten-point responsible regulation.
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 California in order 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 promote legislation that authorizes and regulates intrastate real-money online poker in California,’ states your website.
‘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 an ipoker that is well-regulated in California will protect the state’s poker-playing customers, help local business, and generate both jobs and revenue in California.’
The coalition calls for market inclusivity and an end to the ‘failed, divisive politics of the past,’ that have derailed previous efforts at regulation and is set doing so this 12 months. The group is compared by an alliance of tribal operators who need to exclude PokerStars plus the California racetracks from a online poker market that is regulated.
‘After more than six years of failed attempts in California, it is clear that stakeholders must reach substantial consensus in order for any bill to pass. We must abandon the failed, divisive politics associated with the past that motivated anti-competitive and likely unconstitutional legislative proposals specifically designed to exclude probably one of the most effective 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 desire race songs along for the trip, but the wording of its agenda would imply that tracks would be contained in any outcome that is positive.
‘ We should support legislation which allows California’s existing certified gaming providers, including tribes, card spaces, yet others, to participate in the marketplace after strict regulatory vetting for suitability.’
The group’s opponents, however, remain as steadfast as ever. The Viejas Band of Kumayaay Indians recently established a radio advertisement campaign that went straight 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 this Black Friday indictments and the securities that are current investigation into Amaya Inc.
‘This hasn’t stopped PokerStars from lobbying our state legislature in order for them to participate in internet poker here in California, gaining access to every computer, tablet and smartphone in their state,’ the spot continued.
The poker wars will no doubt be heating up for the second half of 2015 with this new coalition. a recent $280 million investment within the global iPoker company’s parent’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 into the United States market, A california presence could become much more tenable. Maybe it is this possibility for which Californians for Responsible iPoker is readying itself.
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 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 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 income, it needs to ensure there is certainly prevention that is adequate therapy, and financial guidance 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 an important very first help helping members of this armed forces and their loved ones that are suffering from issue gambling,’ she added.
Regardless of the millions that slot machines bring in each year to Defense Department coffers, plus the millions more generated by bingo games, this has never ever established any form of treatment program or prevention efforts to help combat gambling problems among its servicemen and females.
Meanwhile, research reports have regularly unearthed that members associated with armed forces are in a higher risk of pathological gambling than the population that is general.
In line with the nationwide Council on Problem Gambling, around 36,000 active-duty members for the meet that is military 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 Military personnel are in risk of experiencing negative effects as a result of gambling associated issues such as for instance stress from monetary debts, which may have effect that is negative military readiness,’ the study stated. ‘Furthermore, military and veteran populations are more prone to substance abuse, psychological health issues, and suicide, every one of which are highly co-morbid with issue 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 suffering from problem gambling provides opportunities to intervene, which may lessen the incidence and prevalence of problem gambling, also as alleviate associated negative impacts to public wellness.’
The research figured problem gambling is linked with increased risk-taking and overconfidence, while combat experiences, including experience of violent combat, killing someone, and experiencing high degrees of trauma, predicated a greater risk-taking propensity on return from deployment.