casinos y bingosThat’s an increase of more than six percent.In 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.Steve Wynn predicts a similar outcome.tachi palace casino winners“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.When the US recession hit in 2008, gaming revenue plummeted nearly 13 percent on the Strip, as Americans3 dice casino no deposit bonus saw their savings vanish and spending money dissipate.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.choctaw casino hotel

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choctaw casino venue seating chart”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.And that bodes well for Las Vegas.Gaming 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.mgm grand casino poker roomThen-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.That’s an increase of more than six percent.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.luckyland casino ios app

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mohegan sun casino mohegan sun boulevard montville ctFinancial 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.But eight years late, it’s all turned around.Aristocrat Leisure’s two main US competitors, International Game Technology (IGT) and Scientific Games, will also benefit from the tax plan, Morgan Stanley stated.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.I’ve not looked at anything in detail.harrah s cherokee casino expansion