Super Committee Failure May Impact US Gaming, Says Deutsche Bank

The announcement that the US Congressional Super Committee failed to agree on measures to cut $1.2trn from the federal budget over the next decade has prompted a note from Deutsche Bank assessing the implications on casino gaming of a possible payroll tax rise in 2012.

In a joint press release, Republican Rep. Jeb Hensarling of Texas and Democratic Sen. Patty Murray of Washington, co-chairs of the Joint Select Committee on Deficit Reduction, stated on Monday: “After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s [November 23] deadline.”

To continue reading

Take a Trial