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Steve Tetreault Gaming Guru - Page 2Casinos, allies blitz IRS on proposed reporting rule3 June 2015
WASHINGTON — The casino industry and its allies on Capitol Hill have mounted a late push to persuade the Internal Revenue Service to back away from a proposal that would require winners of $600 jackpots to be reported to tax collectors. A winnings threshold of $1,200 now triggers casinos to prepare W2-G forms for customers who win at bingo or slots. ... (read more)
Geoff Freeman rebuts proposed ban on government credit cards at casino22 May 2015
The gaming industry’s chief lobbyist warned Thursday against restricting the use of government credit cards in casinos, calling the idea an overreaction to an audit that found thousands of questionable transactions. Geoff Freeman pushed back against what he said was the latest misperception of the casino industry. ... (read more)
Murren: Sky won't fall on MGM if online gambling banned30 April 2015
WASHINGTON — The sky won’t fall on MGM Resorts International if a ban on legalized gambling over the Internet is reinstated, company CEO Jim Murren said Wednesday. Likewise, Murren said it might not be a disaster for Nevada to lose its virtual monopoly on legal sports wagering if it is approved for other states. ... (read more)
Reid calls visa whistleblowers 'a bunch of whiners'31 March 2015
WASHINGTON, D.C. -- Sen. Harry Reid acknowledges using his clout to speed visa applications for wealthy foreign investors in the SLS Las Vegas Hotel & Casino, and said whistleblowers who had a problem with that are “a bunch of whiners.” “If I had to do it over again, I would do it again,” Reid said. ... (read more)
Lawmakers wrestle with proposed ban on legal Internet gambling26 March 2015
WASHINGTON, D.C. -- Lawmakers on Wednesday wrestled with a bill that seeks to ban legalized gambling on the Internet and roll it back in the few states — including Nevada — where it has been approved in some form. A hearing before the House Judiciary crime subcommittee broke little new ground as a panel of ... (read more)
AG nominee Lynch unlikely to reverse DOJ course of web gambling17 February 2015
WASHINGTON, D.C. -- Attorney general nominee Loretta Lynch has signaled it is unlikely she would reverse a landmark Department of Justice opinion that opened the door to legalized Internet gambling and also sparked a backlash against it. Lynch said if confirmed she would review the 2011 memo from the ... (read more)
Bill to outlaw online gaming resurfaces in Congress5 February 2015
WASHINGTON — A Utah congressman on Wednesday reintroduced a bill that would reimpose a federal ban on wagering over the Internet, reigniting a debate that has split the gaming industry and sparked a broader discussion over the spread of gambling. The measure by Rep. Jason Chaffetz would roll back a ... (read more)
McCain calls for hearings on expanded sports betting2 February 2015
WASHINGTON, D.C. -- With all eyes on the Super Bowl and the billions of dollars being wagered — mostly illegally — on the game, Sen. John McCain says Congress should hold hearings whether to expand legalized sports betting that now largely is limited to sports books in Nevada. McCain, R-Ariz., said he ... (read more)
Gaming industry wants AG nominee questioned on illegal betting28 January 2015
WASHINGTON, D.C. -- The chief lobbyist for the casino industry is urging the Senate to explore Loretta Lynch's views on illegal gambling before it votes on her nomination to become attorney general. Geoff Freeman, president and chief executive of the American Gaming Association, asked the leaders of the ... (read more)
Reid expects more bids to ban online gaming15 December 2014
WASHINGTON, D.C. -- Sen. Harry Reid said Friday that Congress next year will take up legislation to outlaw Internet gambling, and he plans to support a ban while trying to gain an exemption for online poker. “I think there will be efforts made to look at the Wire Act in a Republican-initiated Congress, yes I do,” Reid said. ... (read more)
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