You may have heard that the IRS is thinking of raising the reporting threshold for slot jackpots. But even if they don’t, the Handpay Reduction Act being could raise the reporting limit anyway. Representatives Dina Titus of Nevada and Guy Reschenthaler of Pennsylvania have brought forth a bill which would mandate a change if the IRS failed to act on the matter. Titus has been advocating for this regulatory change, introducing bills in 2020 and 2022, albeit without advancing past the committee stage. Recent developments, however, seem to suggest that pushing the Handpay Reduction Act  may be unnecessary. In November,…

Hard Rock recently confirmed the closure of Mirage Las Vegas, and that they would layoff the 3,000 plus Mirage employees when the resort closes in July. That’s not great news to the families who depend on those jobs, especially after the company had stated the hotel would not shut down during the transition. Now a Worker Adjustment and Retraining Notification has been filed with the Nevada Department of Employment, Training, and Rehabilitation to help those displaced Mirage employees find new jobs. They will also assist individuals with health insurance options, job training, workshops, and planning a budget. Additionally, the resort…

There is always fresh renovation work happening in Sin City. One exciting change is currently happening at Paris Las Vegas, where the resort is seeing the addition of balconies for some of their rooms. This is actually part of the Horseshoe renovation work, as they old Jubilee tower that was part of Bally’s has been turned over to  Paris Las Vegas. It will now become the Versailles tower, and the work in progress to rebrand the tower includes these balconies. The views of the Strip from these new rooms should be amazing, although we doubt anyone at Cosmo will be…

A Las Vegas landmark since 1942, the El Cortez Casino is set to undergo a major expansion. The $20 million makeover will include a new restaurant, a Starbucks coffee, two new bars, and a high limit lounge. Work will begin this summer and is scheduled to be completed early next year. Each of the new design will be meticulously fashioned to mirror the traditional look and appeal that people love about the El Cortez Casino. The plan is to preserve the vintage charm that guests had come to expect from the city’s longest-standing resorts. The new expansion comes after $30…

The Venetian Las Vegas celebrated its 25 anniversary a few weeks ago on May 3rd. Now the resort has plans to invest $1.5 billion into renovation work in honor of the occasion. Work will begin to update all 4,000 of their suites in the Venetian towers, and they should be ready to welcome Sin City guests in September. This redesign of the suites draw inspiration from the Venetian Carnival, and will inject a more modern, vibrant flair while still retaining the tradition of Venetian Las Vegas, according to a statement from the company. Their President and CEO, Patrick Nichols, said…

Commercial US gaming revenue continued its slow growth during the first quarter of this year, but still managed to expand by a healthy margin compared to the same time last year. This according to data compiled by the American Gaming Association from state regulatory disclosures. The industry realized year-over-year growth across both land-based and online gaming, though at slower rates than in the recent past. The numbers shows that combined US gaming revenue from commercially operated land-based casinos, sports betting and iGaming increased by 5.6% year-over-year, reaching nearly $17.7 billion for the first quarter. It was also the 13th consecutive…