A handful of Las Vegas casino executives and the industry’s top Washington D.C.-based lobbyist recently met with a high-ranking congressional representative in a last-ditch effort to undo a provision in the president’s signature legislation that will hurt gamblers when it goes into effect next year.
Derek Stevens of Circa, Golden Gate and The D; Bill Hornbuckle of MGM Resorts; Tom Reeg of Caesars Entertainment; Craig Billings of Wynn Resorts; and Bill Miller, president of the American Gaming Association, met Monday with U.S. Rep. Jason Smith, R–Missouri, chair of the House Ways and Means Committee, to press for the restoration of the 100 percent deduction for gambling losses, which was reduced to 90 percent under the One Big Beautiful Bill Act. The change officially goes into effect Jan. 1 and will be applicable to 2026 tax filings.
