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Kanhawake Gaming Commission responds to Loto-Quebec
Comments by representatives of Loto-Québec earlier this week in a statement defending its decision to enter the online gambling sector have triggered a response from the Kahnawake Gaming Commission.
In its statement, Loto-Québec claimed that Quebeckers currently have access to over 2 000 “illegal and unregulated gaming sites that are of dubious integrity,” and voiced an intention to “…channel the gaming offer in a controlled, safe environment with irreproachable integrity.”
The KGC has noted what it calls the “cavalier denunciation of all existing online gaming sites – presumably including those licensed and regulated not only in Kahnawake, but also in the UK, Alderney, Antigua, Isle of Man, Malta, Gibraltar and other respectable licensing and regulatory jurisdictions.”
“Characterizing all online gaming sites that presently offer their services in Québec as lacking in integrity is offensive, not only to gaming regulators throughout the world but also to the many outstanding entrepreneurs that have built this industry and who are much better positioned to comment on its integrity than is Loto-Quebec,” the KGC statement opines.
Kahnawake was one of the first jurisdictions in the world to recognise the opportunities afforded by the interactive gaming industry and for over 11 years the KGC has been continuously licensing and regulating a wide range of interactive gaming sites. The KGC was established in 1996 and has been continuously licensing and regulating online gaming since July, 1999 – longer than almost any other jurisdiction in the world.
The Mohawk Territory of Kahnawake is a sovereign jurisdiction located just outside Montréal, Québec, Canada.
Operators that are licensed by the KGC host their equipment at Mohawk Internet Technologies, a world class ISP and data center located within the Mohawk Territory of Kahnawake: http://www.mohawk.ca
The KGC’s Regulations concerning Interactive Gaming were developed in consultation with Frank Catania, a renowned expert in the regulation of online and terrestrial gaming. The Commission is headed by chairman Dean Montour and comprised of three members appointed by the Mohawk Council of Kahnawake. http://www.gamingcommission.ca
Ontario may follow others and allow online gambling
TORONTO — Premier Dalton McGuinty is opening the door to allowing Internet gambling in Ontario.
Paul Godfrey, the new chairman of Ontario Lottery and Gaming, wants the province to get in to Internet gambling instead of watching potential revenues go to other provinces and offshore websites.
Quebec has announced plans to join the British Columbia and Atlantic lottery corporations in allowing online gambling.
McGuinty says Ontario will be forced to make a call on it one way or the other, adding he’s glad the issue has been raised.
He says the province can’t limit the availability of online gambling the same way it can control the sale of alcohol.
The Opposition says the government would need to make sure there are controls in place to protect young people.
New Jersey sportsbetting vote today
In America, the Senate for the eastern state of New Jersey is set to meet this afternoon to consider legislation that would challenge the Federal ban on sportsbetting.
Senate Resolution 19 has been introduced by Democrat State Senators Raymond Lesniak and Stephen Sweeney and would authorize the body to take legal action concerning Federal legislation that currently prohibits sportsbetting in all but Nevada, Montana, Delaware and Oregon.
According to a statement from the Interactive Media Entertainment And Gaming Association (iMEGA), the Resolution would authorize the President of the Senate, Sweeney, to take ‘such legal action on behalf of the Senate as the Senate President shall deem appropriate and necessary to challenge enforcement of the Federal Professional And Amateur Sports Protection Act, which establishes a selective prohibition on sportsbetting in the United States’.
Last month, Lesniak introduced legislation that, if successful, would permit residents to play games already permitted in Atlantic City casinos including poker, blackjack and baccarat at 4NJBets.com.
In addition, a separate bill from the representative for the state’s 20th District would allow New Jersey residents to vote on a constitutional amendment to permit state-regulated sports wagering in Atlantic City casinos and to inhabitants via an intra-state online gambling system. The proposed legislation also calls on the New Jersey Casino Control Commission to establish a Division Of Internet Wagering to oversee operations and licensing.
“We’re happy that New Jersey has taken this issue into their own hands,” Joe Brennan, Chairman for iMEGA, said of the proposed January measures.
“New Jersey is recognized as having the toughest gaming regulators in the US and, as a leading gaming state with a long track record of doing things the right way, Internet gambling will have a great home here and the opportunity to begin normalizing the industry.”
Hawaii considers legalized gambling
HONOLULU – Hawaii has always been known for its sun, sand and surf. It may soon add another attraction: slots.
Hawaii is one of the last two states with no legalized gambling, but lawmakers facing billion-dollar budget deficits and hunting for ways increase revenue are thinking about allowing casinos in tourist-filled Waikiki or on Native Hawaiian lands.
Proponents say casinos would draw much-needed new money and jobs into the long-troubled, tourism-dependent economy.
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Tourists from the mainland would skip Las Vegas to sun on pristine beaches and take a turn at the roulette tables. Coveted high-rollers from Asia could avoid the long trans-Pacific flight, shortening their trip to the slots while also checking out the hula dancing.
And the hundreds of thousands of Hawaii residents who fly about six hours to Vegas would only have to jump in the car or hop a short flight to place a wager. Las Vegas is known around here as Hawaii’s ninth island, and hotels in Nevada cater to the state’s needs by serving island dishes and dealers wear flora aloha shirts.
‘A gambling community’
“The populace here loves to gamble. Hawaii by nature is a gambling community,” said Honolulu resident Ricky Graves, who travels to Las Vegas two or three times a year, but fears that casinos in Hawaii could ruin families by making it too easy for them to gamble away their money.
Gambling opponents are urging state legislators to block casinos so that the islands can maintain their status as a family-friendly destination lacking the serious crime and social problems they say accompanies legalized gambling elsewhere.
“People don’t come here to be shut up in a casino to gamble,” said Dianne Kay, president of the Hawaii Coalition Against Legalized Gambling. “It would be sad if we destroyed the beautiful ambiance we have here.”
Islanders have a long history with gambling, dating back to the days of the Hawaiian kingdom when there was betting on horse racing, said Kale Gumapac, spokesman for the Native Hawaiian group Kanaka Council Moka o Keawe.
And illegal gambling is thriving today, with sports books, cock fighting and card houses the more popular forms. The Internet has also made gaming more accessible.
But the state’s natural attractions and its religious missionary history have instilled a sense among many that gambling shouldn’t intrude on one of the nation’s last holdouts against it. Utah is the only other state where gambling is illegal, though Nevada is just next door.
“People in Hawaii like gambling, but they realize it’s not a very good idea to legalize it,” said Dennis Arakaki, head of the Hawaii Family Forum and Hawaii Catholic Conference. “Gambling isn’t a good way to deal with your financial problems, either personally or as a state.”
Police say legal gambling would increase crimes such as prostitution and drug dealing.
It’s difficult to quantify the extent of the underground gambling operations, said Maj. Susan Dowsett of the Honolulu Police Department. The department made 40 gambling-related arrests and initiated 65 felony gambling cases in 2009, a fraction of overall arrests.
Gambling supporters dispute claims that legalized gambling would spread crime. They’re more focused on the potential for gambling to jump-start the economy, especially if a casino could get running within a year as they claim.
Legislators view gambling as a rare opportunity to raise money without having to hike taxes, although they may not have the votes to override a potential veto. Republican Gov. Linda Lingle has said she opposes the introduction of gambling.
Lawmakers pitch gambling bills nearly ever year, but the measures rarely advance through several committees as they have this year.
One plan would set up a gaming commission to issue one five-year license to a casino on Oahu, which advocates say would create some 4,000 jobs and bring $100 million a year into state coffers through taxes on the casino.
Another would allow casinos on Hawaiian lands, with 80 percent of tax revenues going toward Native Hawaiians. That money could be used for more Hawaiian homes, better health coverage and financing for startup businesses, Gumapac said.
A casino in Waikiki would only need to be allowed under state law. But gambling on Hawaiian lands would be reviewed by the federal government before it could start, according to the U.S. Department of the Interior.
Opening a casino in the tourist-heavy Waikiki would help rejuvenate businesses and create jobs, business owners said.
“If I were a tourist, I’m coming here for the weather, the culture, the sightseeing. But one night I might go to the casino, because what other entertainment is there to do at night?” said James Boersema, an investor of a Waikiki nightclub and restaurant.
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Don’t Risk an Audit by the IRS: Know the Rules on Gambling
NEW YORK (AP) — Clinching the office pool for March Madness entitles you to a pot of money and gloating rights. And nobody can take that away from you, except maybe the IRS.
Even if your winnings seem like chump change, any money you pocket from gambling is considered taxable income. It’s not likely that the Internal Revenue Service will come after you for your NCAA pot, but there are times when reporting even casual winnings becomes more formal.
Depending on how often you frequent casinos or buy lottery tickets, you might also want to think about keeping a log of your gambling habit.
Regardless of whether you come out a winner, some points to remember when it comes time to file.
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WHEN WINNINGS GET REPORTED
Casinos, race tracks and other gambling operators are required to document winnings once they reach a certain threshold.
With slot machines and bingo, for example, casinos report any single payout of $1,200 or more to the IRS. For keno, it’s $1,500 and $5,000 for poker tournaments.
For horse racing and lottery tickets, winnings of $600 and above are reported when they’re more than 300 times the amount of the bet.
If you’re lucky enough to find yourself in any of the above scenarios, you’ll be asked for your Social Security number by the venue so your winnings can be reported. You’ll also get a copy of the W-2G form documenting the payment before you walk away.
You may not leave with all your winnings either. Depending on the size and type of bet, the standard 25 percent federal income tax may be deducted from your winnings on the spot. You can also request a deduction for your state income tax, which will vary depending on where you live.
If you decline to give your Social Security number, the house keeps 28 percent of your winnings for federal taxes.
The same rules generally apply for any non-cash prizes worth more than $5,000, such as a car in a raffle. Either you or the gambling operator will be responsible for paying taxes based on the prize’s fair market value. If the operator picks up the taxes, that gets reported as income for you too.
Of course, not all gambling winnings trigger a W-2G form. It’s up to you to report smaller winnings, although you won’t be audited for failing to report the $100 you won at a blackjack table.
As with any gambling income, such winnings can be noted on your 1040 form under ”other income.”
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MAKING THE MOST OF YOUR LOSSES
You can deduct gambling losses, but only up to the amount of your winnings. So if you win $1,000 on a lottery ticket, that’s as much as you can deduct in losses for the year.
Gambling losses have to be itemized too, and it’s not always worth deducting them.
If your standard deduction is $5,000, for example, and your itemized deductions including your gambling losses total $3,000, you’re obviously better off taking the standard deduction.
The IRS might also ask you to document your losses, so be ready to back up your claims. The agency suggests you do this by keeping a diary that includes:
–The date and type of gambling
–The name and address of the venue
–The names of anyone present with you at the time
–The amount you won or lost
You also want to keep any proof of winnings and losses, such as W-2G forms, losing tickets, bank withdrawals or credit card statements.
If your return is audited, you could also be asked about any other smaller winnings or comped rooms or meals you didn’t report. So keeping a log is a good idea if you’re a frequent gambler, said Jackie Perlman, a senior analyst with The Tax Institute at H&R Block.
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DETERMINING WHETHER YOU’RE A PRO
It’s tempting to deduct travel and other gambling costs as business expenses. But just because you gamble regularly or even earn a nice chunk of money from poker tournaments, it doesn’t mean you’re a professional gambler in the eyes of the IRS.
You’re generally considered a professional if you gamble regularly, continuously and to earn a living. You should also be able to show that you treat your gambling like a business, and keep appropriate records, Perlman said.
If you write off your costs as business expenses and the IRS determines that you’re not a professional gambler, you could be penalized with a fee for paying too late or too little in taxes.
If you do qualify as a professional gambler, the main perk is that you can deduct gambling-related expenses. You still won’t be able to deduct gambling losses in excess of your winnings.
APCW Reports: Microgaming talks about Tusk Gaming, Eurolinx, and Grand Prive on Hidden Camera
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eCogra and the Great Grand Prive Affiliate Rip-off Continues
eCogra yesterday sent out an email to all affiliates that filed a claim with them about the Grand Prive affiliate rip-off and there conclusion was that most affiliates after promoting Referspot (Grand Prive’s old affiliate software site) and Grand Prive’s casinos were entitled to nothing, nada, ZERO for their hard efforts. This is a HUGE slap in the face to the casino marketing industry and could change the course of casino marketing forever. We at CasinoScamReport.com contacted Sean from eCogra about the likely possibility that Grand Prive fudged the numbers and conveniently left out the earning from the Referspot days. The reply we received informed us that “They were looking into it.”
As of this post we have heard nothing else and really don’t expect too. The bottom line is this. If a company like Grand Prive can screw over their affiliates that made them what they are today just think of what they will do to their loyal casino customers.
We are again warning players to STAY THE HELL AWAY FROM GRAND PRIVE CASINOS. These casinos include:
Casino Grand Bay
Bella Vegas Online
Lake Palace
Roadhouse Reels
Jupiter Club
Fortune Junction
Jackpot Wheel
Villa Fortuna
Villa Fortuna Affiliates
Please make sure to check out our Online Casino Blacklist before signing up anywhere! http://www.casinoscamreport.com/online-casino-blacklist.php
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