Analysts: Higher payroll taxes could be a setback for casinos

02/19/2013 | Press of Atlantic City (N.J.), The

A higher payroll tax that goes with the expiration of a temporary 2% cut in the Social Security tax is a setback for the U.S. casino industry, according to analysts. "I think, for the most part, anything that is going to be a negative to consumers' discretionary spending is going to be a concern for the casino industry," said Fitch Ratings casino analyst Michael Paladino.

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Press of Atlantic City (N.J.), The

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