#Dina Titus

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Las Vegas Strip gamblers likely to get a surprise IRS jackpot

When people play a slot machine on the Las Vegas Strip, in a regional casino, or in most cruise-ship casinos, they want to win big - but maybe not too big. Sure, everyone wants the huge jackpots, but when you're talking smaller numbers, many gamblers would rather hit for $1199 or less. That's because if you win $1200 or more on a single spin, your…
Law
Las Vegas Strip gamblers likely to get a surprise IRS jackpot
World Casino News

IRS AC Backs Up Raising Tax Threshold On Slot Jackpots

Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have received some welcome support from an uncommon source, the agency's Advisory Council. Rising the threshold: In a ruling from November 2023, the…
Law
IRS AC Backs Up Raising Tax Threshold On Slot Jackpots
Wild Casino
The Real Deal

Fontainebleau Las Vegas Opens After Years of Delays

The long-stalled Fontainebleau Las Vegas finally became a reality last week with a star-studded grand opening that included Tom Brady, Cher, Justin Timberlake and other celebrities on hand. The 67-story hotel-casino is one of the biggest in Las Vegas, spanning 25 acres and 9 million square feet, featuring about 3650 hotel rooms, 550000 square feet…
Industry
Fontainebleau Las Vegas Opens After Years of Delays
Washington Examiner

Bipartisan House lawmaker pair aims to keep IRS at bay from slot machine winnings

LAS VEGAS, Nevada - Slot machine winnings will sound to some like an oxymoron. Slots, after all, have long been dubbed "one-armed bandits" for their low odds compared to other forms of casino gambling like blackjack and baccarat. But some players can and do come out ahead on slots, and now a bipartisan bill aims to protect more of those winnings…
Law
Bipartisan House lawmaker pair aims to keep IRS at bay from slot machine winnings
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Review Journal

Casino gambling winners should be prepared for IRS tax consequences

Imagine sitting at your favorite slot machine inside your favorite local casino when the big one hits. The bells and whistles go off, the lights pulsate and people you don't even know surround you with congratulatory pats on the back and high-fives. It must be a fabulous feeling - one I've never experienced. A casino worker is summoned to pay out…
Law
Casino gambling winners should be prepared for IRS tax consequences
8 News Now

$1,200 slot jackpot threshold needs update 46 years later, gaming official says

LAS VEGAS (KLAS) - It's a thrill for any gambler to get a "hand-pay" on a big slot machine win. But it's also a headache because it means the IRS knows - and they'll take their cut. There's also the wait, as paperwork gets done. And if you win at, say, a gas station video poker machine … it can be a long wait. "It is past time to raise the…
Winnings
$1,200 slot jackpot threshold needs update 46 years later, gaming official says
KOLO

Rep. Titus seeks threshold hike for slot winnings tax

LAS VEGAS (AP) - A Nevada lawmaker is planning another attempt to raise the reporting threshold for slot machine winnings. Rep. Dina Titus told the Las Vegas Review-Journal that the landscape has changed dramatically since 1977 when Nevada was the only state offering legal casino gambling. Since then, whenever a slot player wins a jackpot of more…
Law
Rep. Titus seeks threshold hike for slot winnings tax
AP News

Nevada lawmaker seeking tax hike for slot machine winnings

LAS VEGAS (AP) - A Nevada lawmaker is planning another attempt to raise the reporting threshold for slot machine winnings. Rep. Dina Titus to the Las Vegas Review-Journal that the landscape has changed dramatically since 1977 when Nevada was the only state offering legal casino gambling. Since then, whenever a slot player wins a jackpot of more…
Law
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Review Journal

Dina Titus optimistic slot machine jackpot tax threshold bill will succeed

Rep. Dina Titus, D-Nev., plans to take another swing at an archaic tax formula involving slot machine winnings by raising the reporting threshold. Whenever a slot player wins a jackpot of more than $1200, the operator - a casino, tavern, restaurant or convenience store, or even airport personnel - are required to prepare a W-2G form that reports…
Law
Review Journal

Nevada lawmaker optimistic slot machine tax threshold bill will succeed

Rep. Dina Titus, D-Nev., plans to take another swing at an archaic tax formula involving slot machine winnings by raising the reporting threshold. Whenever a slot player wins a jackpot of more than $1200, the operator - a casino, tavern, restaurant or convenience store, or even airport personnel - are required to prepare a W-2G form that reports…
Law
Nevada lawmaker optimistic slot machine tax threshold bill will succeed
Review Journal

Nevada, US casinos break revenue records in May

Commercial casinos across the United States continue to rewrite revenue record books as the American Gaming Association said the industry had the best May ever and the second-best revenue month in history. In May, the industry hit $5.03 billion in revenue, up 7.9 percent year-over-year, despite widespread macroeconomic concerns, the…
Finance
The Street

Las Vegas, Casinos, Gamblers Get Huge IRS News (Jackpot)

Slot-machine players pump their money into the so-called one-arm bandits because they want to win a jackpot. It's a rare occurrence -- MGM Resorts International (MGM) - Get Free Report and Caesars Entertainment (CZR) - Get Free Report did not build Las Vegas/global casino empires by being generous -- but when it happens, the thrill makes all the…
Law
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The Press Democrat

2 killed, 6 injured in series of stabbings outside Las Vegas casino

LAS VEGAS - Two people were killed and six others were injured in a series of stabbings in front of a Strip casino Thursday. Police received reports of the stabbing on the 3100 block of Las Vegas Boulevard South just after 11:40 a.m., according to Metropolitan Police Department Deputy Chief James LaRochelle. LaRochelle said a man started stabbing…
Land-based
2 killed, 6 injured in series of stabbings outside Las Vegas casino
The Street

Las Vegas, Casinos, Gamblers Await Huge IRS News

Imagine paying the same rate for anything that you did back in 1977. In that year, the average host cost $54200, a gallon of gas was $0.63, and $3 bought a dozen eggs along with a gallon of milk with change to spare. 1977 was also the year the Internal Revenue Service (IRS) set its standard for the level of slot machine jackpot that must be…
Politics
Las Vegas, Casinos, Gamblers Await Huge IRS News
The Times Of Northwest Indiana

Antiquated jackpot reporting threshold close to being raised

Every slot player knows the significance of a $1200 jackpot. Since 1977, it has been the threshold which triggers a hand-pay and alerts the casino that the machine must be taken out of service until the winner is paid by members of the staff and presented with a W-2G tax reporting form that is sent to the Internal Revenue Service. At one point a…
Winnings
Antiquated jackpot reporting threshold close to being raised
The Nevada Independent

Indy Gaming: Three years later, no action in D.C. to raise jackpot tax threshold

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Congressional representatives and the…
Winnings
Indy Gaming: Three years later, no action in D.C. to raise jackpot tax threshold
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Pennsylvania Business Report

Legislation would raise tax threshold for slot machine winnings

Legislation recently introduced in the U.S. House of Representatives would raise the tax threshold for reporting slot winnings to the Internal Revenue Service from $1200 to $5000. U.S. Reps. Guy Reschenthaler (R-PA) and Dina Titus (D-NV), Congressional Gaming Caucus co-chair-members, introduced the Shifting Limits on Thresholds (SLOT) Act. The…
Winnings
Review Journal

Bill would raise tax reporting limit for casino jackpots

WASHINGTON - Citing inflation, the Congressional Gaming Caucus filed a bill Thursday to raise the threshold when gamblers are required to report their slot machine jackpot wins to the Internal Revenue Service. The bipartisan bill filed by Rep. Dina Titus, D-Nev., and Rep. Guy Reschenthaler, R-Pa., would raise the $1200 trigger for reporting…
Finance
Bill would raise tax reporting limit for casino jackpots
Review Journal

Bill would raise threshold on IRS reporting for slot machine winnings

WASHINGTON - Citing inflation, the Congressional Gaming Caucus filed a bill Thursday to raise the threshold when gamblers are required to report their slot machine jackpot wins to the Internal Revenue Service. The bipartisan bill filed by Rep. Dina Titus, D-Nev., and Rep. Guy Reschenthaler, R-Pa., would raise the $1200 trigger for reporting…
Winnings
Bill would raise threshold on IRS reporting for slot machine winnings
Las Vegas Sun

Bill would raise slot jackpot tax report threshold to $5,000

The gambling industry and some of its allies in Congress are renewing a push to decrease the number of slot machine jackpots that get reported to the IRS. Legislation introduced Thursday by U.S. Reps. Dina Titus, a Nevada Democrat, and Guy Reschenthaler, a Pennsylvania Republican, is being touted as a benefit to casinos, which would need to take…
Winnings
Bill would raise slot jackpot tax report threshold to $5,000
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Las Vegas Sun

Global Gaming Expo returns, masked and vaccinated, to Las Vegas

Casino industry leaders and vendors riding a resurgence of gambling following coronavirus closures are gathering in-person for an annual conference this week in Las Vegas - amid strict coronavirus mask and vaccination rules - after meeting virtually a year ago. "We are thrilled to be back here, live, in Las Vegas," American Gaming Association chief…
Covid
Global Gaming Expo returns, masked and vaccinated, to Las Vegas
The Nevada Independent

Indy Gaming: G2E roundup finds optimistic CEOs, where the next Hard Rock LV isn’t going and a push for non-smoking casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The word that was ubiquitous throughout the…
Sports
Indy Gaming: G2E roundup finds optimistic CEOs, where the next Hard Rock LV isn’t going and a push for non-smoking casinos
Nevada Appeal

Gambling expo returns, masked and vaccinated, to Las Vegas

Attendees look over video slot machines at the Ainsworth Game Technology booth during the Global Gaming Expo (G2E) at the Venetian hotel-casino and Sands Expo Center in Las Vegas on Oct. 5, 2021. (Steve Marcus/Las Vegas Sun via AP) LAS VEGAS - Casino industry leaders and vendors riding a resurgence of gambling following coronavirus closures are…
Covid
Gambling expo returns, masked and vaccinated, to Las Vegas
US Bets

'Resilience' The Theme As G2E Returns To Las Vegas After A Lost 2020

It took 720 days, American Gaming Association President Bill Miller noted on Tuesday, but the Global Gaming Expo (G2E) - the U.S. gaming industry's largest event - is back. Miller offered the opening keynote speech at the Venetian Resort Las Vegas (although the series of education panels began a day earlier), and he was followed by Nevada Gov.…
Land-based
'Resilience' The Theme As G2E Returns To Las Vegas After A Lost 2020
Review Journal

Global Gaming Expo G2E gathering this week in Las Vegas to see new slot machines

If there ever was a slot machine supermarket, it would be G2E. Beginning this week, gaming industry professionals will gather at The Venetian Expo to see, hear and touch what gaming manufacturers say will be the next generation of casino gadgetry designed to keep players more engaged - and to spend more of their entertainment dollar. Leaders of the…
Winnings
Global Gaming Expo G2E gathering this week in Las Vegas to see new slot machines
World Casino News

Global Gaming Expo begins this week in Las Vegas

The Global Gaming Expo (G2E) is back in business. Gaming industry members are ready to reunite and discuss all aspects of gambling, with commercial and tribal gaming professionals set to attend. From October 4-7, visitors can take part in educational experiences while the 5-7 will also include an exposition of all the latest technology and…
Covid
Global Gaming Expo begins this week in Las Vegas
Review Journal

G2E speakers will include CEOs from three casino companies

The Global Gaming Expo, one of the city's most important conventions, is just three weeks away and the show's organizers have rolled out an impressive list of speakers. The expo also will be tasked with how to best address the challenges of keeping attendees safe during a pandemic. One of the highlights of the show at The Venetian Expo and The…
Covid
G2E speakers will include CEOs from three casino companies
Vegas Slots Online

Man From Las Vegas Wins $1m Vax Nevada Days Jackpot

A man from Las Vegas has won the $1m grand prize in the two-month promotion designed to boost the uptake of vaccinations in Nevada. [Image: Shutterstock.com] A Las Vegas man has won the $1m jackpot in the "Vax Nevada Days" promotion created by Nevada Governor Steve Sisolak to encourage state residents to get vaccinated against the COVID-19…
Winnings
Man From Las Vegas Wins $1m Vax Nevada Days Jackpot
Vegas Inc

‘Magnificent,’ ‘phenomenal’: Resorts World Las Vegas opens on the Strip

Fireworks explode during the grand opening of Resorts World Las Vegas on the Las Vegas Strip Thursday, June 24, 2021. The $4.3 billion megaresort, built by the Malaysia-based Genting Group, occupies the site of the former Stardust hotel-casino. Friday, June 25, 2021 | 10:07 a.m. Resorts World Las Vegas opened its doors Thursday night to guests…
Travel
‘Magnificent,’ ‘phenomenal’: Resorts World Las Vegas opens on the Strip
Oxford Spokesman

$4.3 billion Resorts World opens in Las Vegas

LAS VEGAS - Resorts World Las Vegas, the first ground-up and integrated resort on the Las Vegas Strip in more than a decade, celebrated its grand opening Thursday with a star-studded party that included DJs Tiesto and Steve Aoki, actor-singer Usher, sisters Paris Hilton and Nicky Hilton and momager Kris Jenner and her daughter, supermodel Kendall…
Travel
$4.3 billion Resorts World opens in Las Vegas
Casino City Times

Resorts World Las Vegas celebrates grand opening

Resorts World Las Vegas, the first resort built on the Las Vegas Strip in more than a decade, officially swung open its doors to the public at 11 p.m. on Thursday, 24 June. The monumental launch of the highly anticipated resort included a star-studded, first-look party for invited guests earlier in the evening that featured a ceremonial ribbon…
Travel
Gambling News

Resorts World Las Vegas Set to Usher New Era of Hospitality

The first casino resort built on Las Vegas Strip for more than a decade, Resorts World Las Vegas, opened doors to the public Thursday by a first-look party in the evening for invited guests. The star-studded party officiated by Genting CEO and Chairman K.T. Lim and Resorts World Las Vegas President Scott Sibella, also featured Hilton President and…
Travel
Resorts World Las Vegas Set to Usher New Era of Hospitality
SBC Americas

Resorts World Las Vegas launch marks first Strip development in over a decade

Resorts World Las Vegas, the first resort built on the Las Vegas Strip in more than a decade, officially opened its doors for business this week. The monumental launch featured a ceremonial ribbon cutting officiated by Genting CEO & Chairman KT Lim. President Scott Sibella, Lim and Sibella were joined by Hilton President and CEO Chris Nassetta;…
Travel
Resorts World Las Vegas launch marks first Strip development in over a decade
Gambling News

Still No Action from the IRS and Treasury on Slot Jackpot Limit

The slot jackpot threshold for reporting to the IRS was established back in 1977. Any win, equal or greater than $1200 needs to be reported with IRS Form W-2G by both patrons and casinos. Despite that the gaming industry urged for changes of the threshold, so far no actions were taken by the IRS or the Treasury. Established back in 1977, the…
Winnings
Still No Action from the IRS and Treasury on Slot Jackpot Limit