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CPA Practice Advisor · Dec 12, 2025

Las Vegas Casino Heavyweights Implore Congress to Restore Gambling Loss Tax Deduction

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Las Vegas Casino Heavyweights Implore Congress to Restore Gambling Loss Tax D.... Review and take action if applicable to your clients.

Summary

The casino executives—Derek Stevens of Circa, Tom Reeg of Caesars Entertainment, and Craig Billings of Wynn Resorts—are pressing lawmakers for the restoration of the 100% deduction for gambling losses, which was reduced to 90% under the One Big Beautiful Bill Act.

Classification

Category: heads upPriority: action neededReason: Contains 'big beautiful bill' - action may be required

Affected Groups

All tax practitioners

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

Read original article

Bottom Line

Summary

Classification

Affected Groups

Related Topics

Original Source