{"id":15654,"date":"2015-03-05T10:25:10","date_gmt":"2015-03-05T18:25:10","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=15654"},"modified":"2021-03-10T07:21:15","modified_gmt":"2021-03-10T15:21:15","slug":"irs-money-grab-nastiness-at-wynn","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/irs-money-grab-nastiness-at-wynn\/","title":{"rendered":"IRS money grab; Nastiness at Wynn"},"content":{"rendered":"

Gaming is a “soft target” for politicians and the Obama administration\u00a0is looking into a backdoor method of engorging more\u00a0gaming taxes. It is “considering” (but not yet imposing) \"Slot<\/a>lower thresholds for the “IRS lockdown” on winnings at keno, bingo and slots. In the case of slots, the proposal is fiendishly clever:\u00a0If you hit a $1,200 jackpot or higher, you would no longer be taxed on that win alone but on any other winnings from the same, 24-hour period. (Ah, the downside of the player’s card!) The official mumbo-jumbo is here<\/a>.<\/p>\n

The taxmen are also considering halving the lockdown amount from $1,200 to $600. Although a bare majority of Americans (51%) support treating casinos the same as any other business, this is the time to make your voice heard. The Internal Revenue Service<\/strong> is taking public comments for the next 90 days (see page 8<\/a>) on myriad aspects of the proposed change. Speak now or forever hold your peace — and pay higher taxes.<\/p>\n

* The tax-evasion case that got Columbia Sussex<\/strong>‘s purchase of Casino Aztar<\/strong> in Caruthersville<\/strong> (now a Lady Luck<\/strong>) tossed into the Missouri<\/strong> state shredder is still hanging fire<\/a>, eight years later.<\/p>\n

\"Elaine<\/a>* Wynn Resorts<\/strong> is ratcheting up\u00a0its campaign of pettiness and retaliation against co-founder Elaine Wynn<\/strong>. Her brother, Michael Pascal<\/strong>, no longer has his job as casino host.
\nNow, he might have quit in a gesture of solidarity but Mrs. Wynn hasn’t called off her fight to stay on\u00a0the board, so he may well have been sacked to send her a message: “Luca Brasi<\/strong>\u00a0sleeps with the fishes.” Also, Pascal’s departure, after 30-plus years of faithful service<\/a>, preceded the disclosure of the rupture between Elaine Wynn and the board of directors. Whether he jumped or was pushed, Pascal is “collateral damage” of the board’s scorched-earth campaign against Mrs. Wynn. (Yes, I know there’s a new Mrs. Wynn, but I can’t very well call her “Elaine.”) Considering that Wynn Las Vegas<\/strong> was a birthday present to her, I wonder how she feels about setting foot in it now?<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming is a “soft target” for politicians and the Obama administration\u00a0is looking into a backdoor method of engorging more\u00a0gaming taxes. It is “considering” (but not yet imposing) lower thresholds for the “IRS lockdown” on winnings at keno, bingo and slots. … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15,39,25,32,31],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/15654"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=15654"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/15654\/revisions"}],"predecessor-version":[{"id":29364,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/15654\/revisions\/29364"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=15654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=15654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=15654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}