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.’
United states Gaming Association (AGA) President and Chief Executive Geoff Freeman testified at an IRS hearing on Capitol Hill this week, voicing industry issues over intends to lower the income tax reporting limit for slot winnings from $1,200 to $600.
Also present during the hearing were casino executives and representatives that are tribal.
The opinion in 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 upgrades that are expensive their backend systems.
There are concerns, in particular, about IRS suggestions that the proposed rule could possibly be enforced through the tracking that is electronic of’ gambling practices through their customer commitment cards.
‘ The gaming industry knows no other industry into the nation which is why the IRS has issued regulations requiring the industry to deploy its consumer commitment program for federal taxation 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 of 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 is possible 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,’ added John Canham, VP of casino operations at Hollywood Casino at Kansas Speedway.
The AGA has launched an online petition opposing the proposals, already finalized 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 new Illegal Gambling Advisory Board held its inaugural meeting this week.
This will be maybe not, once the name may suggest, a hotline offering advice on how to locate the very best chances from illicit bookmakers, it is, in fact, the reverse.
The board is set up included in the AGA’s ‘Stop Illegal Gambling: Enjoy it Safe’ initiative, 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 with forthcoming partnerships, will make certain that illegal gambling is brought to the forefront of public discussion so that people can clearly distinguish our highly controlled industry from the enterprises that are illegal 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 promote market inclusivity by PokerStars and its coalition lovers, calling for the end to ‘divisive politics.’ (Image: calvinayre.com)
A fresh PokerStars-backed coalition called Californians for accountable iPoker is seeking supporters in the Golden State through the advocacy group that is new. Too 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 of the PokerStars Pro Tour, that will see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville visiting card rooms 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 largest card clubs (the Commerce Club, Hawaiian Gardens Casino and the Bicycle Casino) and Amaya Inc, which owns planet 7 oz free spins 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 lots 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 create both jobs and revenue in California.’
The coalition requires market inclusivity and an end to the ‘failed, divisive politics of the past,’ that 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 wish to exclude PokerStars as well as the California racetracks from the regulated on-line poker market.
‘After more than six several years of unsuccessful attempts 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 regarding the past that motivated anti-competitive and likely unconstitutional legislative proposals specifically meant to exclude probably 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 not wish race tracks along for the trip, nevertheless the wording of its agenda would mean that tracks would be included in any positive outcome.
‘ We should help legislation that enables California’s existing certified video gaming providers, including tribes, card spaces, as well as others, to engage available on the market after strict vetting that is regulatory suitability.’
The group’s opponents, but, remain as steadfast as ever. The Viejas Band of Kumayaay Indians recently established a radio advertising campaign that went directly for the jugular.
‘California Legislature is 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 Ebony 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 take part in internet poker here in California, gaining access to every computer, tablet and smartphone in the state,’ the spot proceeded.
Using this new coalition, the poker wars will no doubt be heating for the second half 2015. a recent $280 million investment into the iPoker that is global’s moms and dad’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 in the United States market, A ca presence could become much more tenable. Maybe 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 two times 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 to help US servicemen who are battling gambling addiction.
This comes after the revelation that the Department of Defense runs some 3,000 slot machines at US bases that are military the world that yield estimated annual revenues of $100 million each year.
The US Senate this week adopted an amendment towards the National Defense Authorization Act to be able to pave the means for the research.
‘If the military is going to use gambling facilities that bring in tens of millions of dollars in income, it needs to ensure there clearly was adequate prevention, therapy, and monetary guidance readily available for service people fighting gambling addictions,’ said Warren.
Problem Gambling High among Soldiers and Veterans
‘By examining the risk of problem gambling among service members and the resources currently available, this amendment is an essential very first help helping members associated with military and their loved ones who’re affected by 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, studies have regularly discovered that members associated with the armed forces are in 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 issue.
A research by the University of Georgia recently stated that rates of pathological gambling and problem gambling was much higher than average among veterans, army recruits and current service users.
May Affect Military Readiness
‘Research implies that Military workers are at danger of experiencing negative consequences as a result of gambling associated issues such as for instance stress from financial debts, which could have negative effect on military readiness,’ the analysis stated. ‘Furthermore, military and veteran populations are far more vulnerable to substance abuse, mental health problems, and suicide, every one 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 decrease the incidence and prevalence of problem gambling, also as alleviate associated negative impacts to public health.’
The analysis concluded that issue gambling is linked 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 better risk-taking propensity on return from deployment.