19. фебруара 2020.

AGA Denounces ‘Damaging’ IRS Proposals On Capitol Hill

AGA Den<span id="more-41876"></span>ounces ‘Damaging’ IRS Proposals On Capitol Hill

Geoff Freeman, AGA president: ‘This might have enormous implications not only for loyalty 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 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 consensus 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 high priced upgrades to their backend systems.

There are concerns, in particular, about IRS suggestions that the proposed rule could possibly be enforced through the electronic monitoring of players’ gambling habits through their customer commitment cards.

‘ The gaming industry knows no other industry into the country for which the IRS has issued regulations requiring the industry to deploy its consumer loyalty 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 this player-tracking tool for tax reporting purposes,’ said Freeman. ‘Rather than mandating use that is across-the-board tax reporting, we believe a more targeted approach is possible for achieving 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 just for loyalty cards in the casino industry but in the broader hospitality industry: hotels, air companies and others.’

‘The reduction in the reportable threshold could have a devastating effect on our company, 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.

Illegal Gambling Advisory Board Established

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

This really is not, since the name may suggest, a hotline offering advice on finding the best chances from illicit bookmakers, it is, in reality, the opposite.

The board happens to be set up as an element of the AGA’s ‘Stop Illegal Gambling: Enjoy it Safe’ effort, and seeks to distinguish the regulated gaming market from the ‘criminal sites that depend on illegal gambling to invest in 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 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 Development for the AGA.

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

Californians for accountable iPoker happens to be formed to promote market inclusivity by PokerStars and its coalition lovers, calling for the final end to ‘divisive politics.’ (Image:

A new PokerStars-backed coalition called Californians for accountable iPoker is looking for 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 plan that is ten-point accountable legislation.

Additionally announces the establishment associated with PokerStars Pro Tour, which will see well-known players like Chris Moneymaker, Daniel Negreanu, Vanessa Selbst, and Jason Somerville card that is visiting across Ca in an effort 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 your website.

Marketplace Inclusivity

‘Today, millions of California poker players cannot perform 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 their state’s poker-playing consumers, support local business, and produce both jobs and revenue in California.’

The coalition requires market inclusivity plus an end to the ‘failed, divisive politics of the past,’ that have derailed efforts that are previous regulation and is set to accomplish so this year. The group is opposed by an alliance of tribal operators who wish to exclude PokerStars while the California racetracks from the online poker market that is regulated.

‘After more than six many years of unsuccessful efforts 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 most likely unconstitutional legislative proposals specifically meant to exclude very successful 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 songs along for the ride, however the wording of its agenda would imply that tracks would be incorporated into any outcome that is positive.

‘ We must help legislation enabling California’s existing certified video gaming providers, including tribes, card spaces, among others, to engage in the marketplace after strict vetting that is regulatory 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 right for the jugular.

‘California Legislature should really be attempting 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 present securities trading investigation into Amaya Inc.

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

With this particular brand new coalition, the poker wars will no doubt be warming up for the second 1 / 2 of 2015. a current $280 million investment into the iPoker that is global’s parent’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 a foothold is gained by the operator back in the US market, A california presence could become much more tenable. Possibly 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:

Military slot devices 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 political Accountability Office into whether recourses are had a need to assist US servicemen who are battling gambling addiction.

This comes after the revelation that the Department of Defense operates 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 week adopted an amendment to your National Defense Authorization Act in order 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, additionally needs to ensure there is certainly prevention that is adequate treatment, and economic guidance available for service users struggling with 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 step in assisting members for the military and their families who are afflicted with problem gambling,’ she added.

Inspite of the millions that slot machines bring in each year to Defense Department coffers, plus the millions more generated by bingo games, it has never established any style of treatment program or prevention efforts to help combat gambling problems among its servicemen and females.

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

Based on the National Council on Problem Gambling, around 36,000 active-duty members of this meet that is military for a gambling issue.

A study by the University of Georgia recently reported 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 suggests that army workers have reached risk of experiencing negative consequences as a result of gambling associated issues such as for example stress from economic debts, which could have negative effect on military readiness,’ the study said. ‘Furthermore, military and veteran populations are more at risk of substance abuse, mental health issues, and suicide, most 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 struggling with problem gambling provides opportunities to intervene, that might reduce the incidence and prevalence of problem gambling, also as alleviate associated negative impacts to public health.’

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

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