sycuan casino new years eveFinancial experts believe President Trump’s recent tax reform measures will strengthen the hand of gaming stocks.The hopeful change has fueled a Wall Street rally, with the Dow Jones Industrial Average soaring from 24,726 the day Congress passed the measure to 26,300 as of Wednesday morning.Paired with industry analysts bullish on Macau, it’s no sfirekeepers casino 400 lapsIn a note issued this week, Citi predicted that Australia’s Aristocrat Leisure, the second-largest slot machine manufacturer in the world, will see revenues increase due to the new tax law as well.That number, per Morgan Stanley, will drop under the Tax Cuts and Jobs Act and subsequently deliver a global nine percent bonus to the manufacturer’s bottom line: 70 percent of the company’s revenue is generated in the United States.Well, everything is changed, and we’re going to ride this at full speed.chinook winds casino golf course

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is bovada casino legitWhen the US recession hit in 2008, gaming revenue plummeted nearly 13 percent on the Strip, as Americansbicycle casino chips saw their savings vanish and spending money dissipate.“We believe that reductions to personal tax rates in the US across various income brackets could bode well for Aristocrat Leisure’s North America segment,” noted Citi analyst Rohan Sundram, who oversees gaming research for the investment firm.Taking StockThe nonpartisan Tax Policy Center in Washington, DC recently concluded that the average American household will save about ,600 on their annual taxes in 2018.draftkings casino redditAristocrat confirmed to The Sydney Morning Herald this week that “any reduction in bicycle casino chipsUS corporate tax rates will be beneficial.(Image: Luis Alvarez/Associated Press)Investment bank Citi opines that it’s not only US-based gambling companies that stand to reap the financial rewards of Americans having more money in their pockets.Then-President Obama’s famous advice to citizens during a speech in New Hampshire in 2010, at the height of the recession, to ” [not] blow a bunch of cash on Vegas when you’re trying to save for college” was a bitter pill for the tourism-dependent economy of Sin City, and it was never forgotten by the gaming industry there.lucky dragon usa net

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hollywood casino covid 19All of us out here suffered.Aristocrat, which has offices all over the world and its American headquarters in Las Vegas, has been paying a 36 percent tax on its US operations.Last May, ESPN suggested that the big players in the market might not be the names you traditionally associate with gambling in the US, noting that Microsoft, Sony, Reuters and Wall Street financial firm Cantor Fitzgerald, all had sports betting-related patents pending.Patents PendingIt’s been speculated that many of America’s tech giants would be well-positioned to enter a future market.But eight years late, it’s all turned around.“There are some changes coming that we pay attention to,” he said.lightning link casino free slot games