President Donald Trump’s weekend visit to a central Las Vegas casino is proclaimed as a building block against more favorable tax policy from the gaming industry’s lobby group.
The American Gaming Association, a DC-based trade organization in Washington, praised the president’s visit to the Ciro Casino Hotel on Saturday. Derek Stevens, co -owner and CEO of Casino Resort & Casino, told the Review Journal before the President’s visit that he was prepared to talk about important issues to the gaming industry, including elimination of sports play tax and tax and raising slot -jackpot reporting threshold from its current level 1,200 to $ 5,000.
In a press release after Trump’s trip to Circa, Bill Miller, President and CEO of AGA, clearly shows the incident “clearly shows the positive role that the gaming industry plays in the American economy.” He said it was “exciting for our industry” that Trump visited a casino property “so early in his second term.”
“Today’s event is proof of the president’s commitment to ensure that the tax code not only encourages to create jobs, but also ensures that the workers keep more of their hard -earned money,” Miller said in the publication. “President Trump’s enormous support for the gaming industry during his first period was unique-before the first time in history, our industry was able to get federal economic relief in the wake of the Covid-19 suspension. We look forward to further involvement with President Trump throughout the year on critical tax policy and other important industry priorities. “
Before he ran for the elected office, Trump owned and operated several casino engine in Atlantic City, New Jersey, including Trump Plaza (closed in 2014; Torn 2021), Trump Marina (originally Trump Castle; now Golden Nugget Atlantic City) and Trump Taj Mahal (closed in 2016 ; His active involvement in the Atlantic City Casino business ended in 2004 after a chapter 11 Bankruptcy by Trump Entertainment Resorts.
Below is a summary of game news from Las Vegas and elsewhere
Las Vegas Strip Casino goes digital to fight money laundering
Venetian Resort Las Vegas is the latest casino operator employing Kinectify, an intelligence and risk management technology company for gaming operators in the US and Canada. Kinectify has developed an anti-money-wash platform that provides real-time intelligence and data.
Recently, Kinectify announced an incident reporting feature that allows front -line employees to immediately report suspected financial activity.
Norman Richardson, Vice President of Survival at Venetian, said that the resort was “proud to see the development of modern risk management technology designed for the gaming industry and look forward to improving our AML program with Kinectify.
“We have long strived to be a leading example of responsible AML operations, and the incorporation of this technology promotes that aims,” Richardson said in an edition that announced the partnership.
“We are pleased to welcome the Venetian resort of Las Vegas to relative and are pleased to work with them to further improve their capacity,” said Joseph Martin, Kinectify’s CEO. “We are impressed by the team and their care for their players and the integrity of their gaming ecosystems.”
California’s sports game
A panel of tribal leaders who participate in a session at the Ice Global Gaming Forum in Barcelona last week said that California Tribes will not conduct a voting initiative that supports sports wearing in the Golden State 2026.
California Nation Indian Gaming Association Representatives from Pechanga and San Manuel Bands of Mission Indians said that an effort could be made to place the issue before voters in 2028, but after spending millions of dollars to defeat a couple of commercial proposals in 202, there is little appetite to take the matter to the voters.
The association’s vice chairman Johnny Hernandez said that an effort would be made to get all more than 100 gaming and nongaming tribes to support all the proposals that go to the vote.
Wynns Fitch Rating
Fitch Ratings has confirmed favorable credit ratings for Las Vegas-based Wynn Resorts Ltd. And its subsidiary.
New York-based Fitch said that the casino company has a stable view with a secure and uncertain debt grade on BB+ and a standard rating on BB.
The stable outlook reflects strong growth prospects in the Macao market, Wynn’s strong market position in the Las Vegas market and a robust liquidity.
Fitch noted that Wynns Macao properties continue to grow after the cancellation of travel limits in China, that Wynn al Marjan Island, in Ras Al Khaimah, the United Arab Emirates, is scheduled to open in 2027, and Wynn applies for a gaming license in Downstate New York through a Joint Venture Related companies and Oxford properties.
But the company said “Wynns Las Vegas Properties (Wynn and Encore) benefits from their top-of-class hierarchy which allows them to attract customers with the highest value and compensations price discounts to maintain the coating.”
Fitch expects the revenue from the Las Vegas properties to decrease in 2025 due to exclusion of a one-off event (Super Bowl 2024) and reduced recreational expenses.
NFL game machines
NFL Triple Score, a slot machine franchise developed by Australia-based Aristocrat Gaming, is now distributed in addition to casinos in the United States.
Aristocrat launched the first NFL slots, which includes graphics, symbols and videos from all 32 NFL teams, at Casino del Mar in San Juan, Puerto Rico, earlier this month. The company’s plan is to expand to Latin America and Europe in the coming months.
“This launch is a major step forward to continue our successful partnership with NFL,” says Craig Toner, CEO of Aristocrat Gaming. “The NFL has tremendous popularity globally with fans all over the world, and we are happy to now bring the game to a wider scene. We look forward to seeing the excitement of players in Puerto Rico and continuing the success that our award-winning NFL portfolio has seen in North America. “
