gold spike casino las vegasGaming operator and slot manufacturer stocks stand to benefit from the Tax Cuts and Jobs Act, the tax reform plan passed by Congress in December and then signed into law by President Donald Trump.“There are some changes coming that we pay attention to,” he said.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.morongo casino instagram(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.Steve Wynn predicts a similar outcome.Aristocrat Leisure’s two main US competitors, International Game Technology (IGT) and Scientific Games, will also benefit from the tax plan, Morgan Stanley stated.free slots download

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casinochan2We were victimized by the wet blanket, over-regulatory oppressiveness of the Obama administration.Steve Wynn predicts a similar outcome.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.hallmark casino appThe billionaire said of the Republican Congress and President Trump’s tax cuts, “A major recipient of this sort of mentality in the government is Las Vegas.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.“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.scarlet pearl casino login

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casino table games definition”This week, Wynn Resorts joined hundreds of other US businesses in announcing plans to share the corporate tax savings with its 12,000 domestic employees.The American Gaming Association has estimated Americans spend around 0 billion on illegal sports betting per year, much of which is used to fund criminal activity.The billionaire said of the Republican Congress and President Trump’s tax cuts, “A major recipient of this sort of mentality in the government is Las Vegas.Financial experts believe President Trump’s recent tax reform measures will strengthen the hand of gaming stocks.“There are some changes coming that we pay attention to,” he said.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.black oak casino age