The CEOs of MGM Resorts International, Wynn Resorts, and Caesars Entertainment met with House Ways and Means Committee members last week in Las Vegas to push for a fix to the gambling deduction limit in the GOP tax law, according to a person familiar who asked not to be identified discussing the private meeting.
The provision in the law limiting gamblers to deducting 90% of their losses caught many by surprise. “Nobody in the Senate was aware of this provision when we were voting on it,” said Sen. Ted Cruz (R-Texas), a vocal backer of the law.
Cruz joins Nevada’s ...
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