There's more and more vids of how vegas is greedy and pushing people out. Now with the BBB passing, the new thing is that 90% of losses can be deducted compared to 100%. The common example being used are for pro poker players. I look at it this way, if you're a "pro" and breaking even, then how do you pay your bills as not all pro's have sponsors. So this would be a very small demographic it would affect.
First they were blaming the tariffs on Canada that will continue to lose Canadian visitors. Now the 90% loss deduction. Of course blaming the rising cost in general and fees was blamed as well, but not to the extent of these 2 via social media sources.
And soon, handpays will increase from $1200 to $2K.
I didn't read this portion of the bill in full, just cliffnotes for the above. But I do think people are overreacting about the 90% thing as I'm sure most people lose way more than breaking even. Vegas wasn't built on people breaking even or winning. So it should have minimal effect, it seems like people just wanna be mad at Trump and the GOP.
So with that being said, Vegas losing visitors is their own doing. Like mentioned in this post, too many fees and higher cost of general things. Like the $0.99 shrimp cocktail is gone, $9.99 strip buffets, $4.99 steak and eggs, etc...What I have noticed is the cost of higher end things haven't gone up as much as these.
Example: The $9.99 buffet is now $35.99. A steak at a nice steakhouse was $60 and is now $70. So it didnt' increase 3 fold like the buffet. Which circles back to my thing about the middle income and lower being pushed out. Everyone above middle income is fine. Then add in the $5 tables are gone. Resort fees have been around for years now, so the days of $15/night Circus Circus have been gone. Now it's $15/night plus $40 daily resort fee. So this had minimal impact on the lower income tourist.
1 could say parking fee's are also impacting as that only came about post covid.