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CEO of the American Gaming Association Opposes New US Gambling Tax Proposal

Thursday June 18,2015 : A.G.A. CHIEF OPPOSES NEW U.S. TAX PROPOSALS (Update)
 
Freeman tells hearing that operators are not in favour of tracking proposal.
 
Geoff Freeman, CEO of the American Gaming Association, told a hearing on new IRS tax proposals Wednesday that his membership was not in favour of the taxman's plan to use player loyalty cards in electronic tracking for tax reporting purposes.
 
Freeman said that such a project would create very significant challenges because the complex marketing systems involved were not designed or equipped for this purpose, and it would be badly received by casino customers. He also pointed out that the proposal is inconsistent with existing state requirements.
 
“While we recognize the IRS’ concerns and objectives, we question the need to impose mandatory, across-the-board use of the player-tracking tool for tax reporting purposes,” the gaming executive said.
 
“Rather than mandating across-the-board use for tax reporting, we believe a more targeted approach is possible for achieving the IRS’ objective.”
 
Freeman went on to propose the creation of a voluntary electronic player tracking plan that could be used for slot tax reporting, provided that casino operators are given sufficient lead time.
 
The Association reiterated its opposition to an IRS proposal that the tax reporting threshold for winnings be slashed by half to just $600. So far there have been 13,000 objections to this proposal since it was first publicised in March this year.



Gambling News :

Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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