After US President Donald Trump signs into law the gambling tax reform, fruits are coming in. South Point casino employees are happy. These follow recommendations of the new tax reform law. Even after making the announcement early this week, employees will wait. The good thing is that the decision comes from the casino owner Michael Gaughan.
In a statement from his office, Michael says, “We have a big year, and I’m going to save some money with The Donald. That leaves me a little bit of a tax break. It’s about a million dollars,” Gaughan says. This statement is refreshing. It is after this statement he announces to double employee’s allowances. But even as he does this, not all employees will benefit.
When Will The South Point Casino Employees Receive Their Double Bonuses?
According to Michael, those whose bonuses will double are permanent employees. The number of those in this latest rise of bonus is not a small number. According to a report on the casino, those that will benefit are 2, 300 full-time employees. An average employee will receive something close to $500. Other employees in senior positions will receive between $700 and $2, 300 each.
The Las Vegas Review-Journal Interviews Michael
Speaking to Las Vegas Review-Journal, Michael says what moves him to give. He says during the interview that the idea comes to mind after seeing others do so. Michael agrees that he is watching other cooperation share tax. Interestingly, this moves him to decide to do the same with his employees.
The Americans for Tax Reform Make A Statement
Americans for Tax Reform says that more than 100 companies are doing the same. These companies are passing bonus benefits to their employees. The organization advocates for the lowering of taxes. In turn, goes to the employee who works hard for the company.
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Some companies are giving their employees a bonus of $1, 000. The organization names some of the companies. They include AT&T, American Airlines, Bank of America, and Comcast. Others are Nationwide Insurance, Southwest Airlines, and US Bancorp.
Even as some top companies pass the bonuses to their employees, Las Vegas firms are hesitant. Many people expect Steve Wynn and Sheldon Adelson to be the first ones.
The two casino giants are in the forefront in the 2018 Trump campaign. They use a lot of money in Donald’s support. They want him to create better gambling reforms. The man, Trump does so, a few months he is in office. But the casino giants are hesitant. They don’t want to follow the example of South Point Casino boss.
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