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31 minutes ago
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As non-Americans avoid the US, Las Vegas workers can't cash in on Trump's 'no tax on tips' policy. Here's why
Tourism in Las Vegas is down since last year — and tip-dependent workers, like bartenders and dealers who rely heavily on tourist traffic, are especially vulnerable, even with Trump's 'no tax on tips' policy. The Wall Street Journal reports that tip incomes in Las Vegas are shrinking across the board. While tip tax exemptions might sound appealing to Las Vegas workers, some are expressing doubt about how much of a difference it will make with tourism slowing. 'The tip tax break won't mean much if there's no one at the gaming tables or no one dining out,' Senate Majority Leader Nicole Cannizzaro (D-Las Vegas) said during a bill hearing. And you don't have to be a betting man to see how a slowdown in tourism is rippling through Nevada's service economy. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it What's happening in Vegas? Las Vegas is one of the country's most tourism-reliant cities. In April, 3.3 million people visited Las Vegas — a year-over-year drop of 5.1%. Year to date, visitation is down 6.5% for 2025, according to the Las Vegas Convention and Visitors Authority (LVCVA). Passenger traffic at Harry Reid International Airport continued its decline in June — both domestically and internationally — with the airport reporting a 6.3% year-over-year decline. Year to date, it's seen a 4.1% decline. As a whole, the U.S. is projected to lose $12.5 billion in international visitor spending this year, according to a report from the World Travel and Tourism Council (WTTC). Julia Simpson, WTTC president and CEO, said in a statement, 'While other nations are rolling out the welcome mat, the U.S. government is putting up the 'closed' sign.' The report states that this loss in tourism will deal a blow to the U.S. economy overall, 'impacting communities, jobs, and businesses from coast to coast.' President Donald Trump's talk of making Canada the 51st state — along with trade disputes — has driven Canadian tourists away. But arrivals are also down from other key markets, including the U.K., Germany and South Korea. Media reports of detentions at U.S. border crossings, along with government travel warnings, are causing many international travelers to steer clear. Even domestic tourism has slowed as rising costs and recession fears prompt Americans to cut back on discretionary spending. 'Consumers aren't feeling confident and that doesn't bode well for the remainder of 2025,' Jan Freitag, national director of hospitality analytics for the CoStar Group that tracks travel across the country, told CDC Gaming. 'Las Vegas is a market where people use their discretionary income.' Read more: Nervous about the stock market? Gain potential quarterly income through this $1B private real estate fund — even if you're not a millionaire. How the tourism slump is hitting tipped workers That slowdown has real consequences in Nevada, where it's estimated that more than 5% of workers rely on tips, according to the Tax Policy Center. That's higher than most other states. From bartenders to blackjack dealers, fewer visitors means fewer chances to earn gratuities. Social chatter also indicates that some Americans are fed up with the 'absurd' resort fees and high prices. And this could be making it less enticing as a travel destination for Americans who are struggling to make ends meet. Some locals say their earnings have dropped by as much as 50%, reports the Wall Street Journal. Charlie Mungo, a 36-year-old tattoo artist, told WSJ he used to earn $3,000 to $6,000 a month including tips — now he's making about $1,500. Trump's 'no tax on tips' policy, which exempts up to $25,000 in tips annually from personal income taxes, was meant to boost take-home pay for service workers. But as Mungo puts it, 'It doesn't really do us much good if there isn't any people to get tips from.' What you can do to shore up your finances For tip-dependent workers in Las Vegas — or anywhere in the country — worried about their future, they can take steps to shore up their finances in the same way one would prepare for a recession. Plan ahead: 'Make sure you identify the minimum you can spend in a given month to get by, just in case you or your spouse/partner experiences a job loss,' according to advice from Equifax. Create an emergency fund: It should cover at least three to six months of those essential expenses. Prioritize the most important payments: If you do get in a financial situation where you're unable to cover your expenses, make sure to pay your rent or mortgage on time (to avoid eviction) and make car payments (if you need your car to get to work). Negotiate credit card payments, if needed: If your income has been reduced and you're struggling to keep up with your bills, contact your creditors and ask for a payment plan or hardship concessions, says Equifax. 'This might include making interest-only payments on your debt or putting payments into forbearance.' Even the best budgeting strategies can only go so far when the local economy depends on visitors who aren't showing up. In Las Vegas, every drop in tourism sends ripples through the service industry, hitting tip-dependent workers first and hardest, and that reality isn't unique to Nevada. 'What happens in Las Vegas matters on a national scale because it often reflects larger trends,' Andrew Woods, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, told NPR. 'It tends to be a signal for potentially where the economy's headed.' What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
31 minutes ago
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Baylin Technologies to Present at Sidoti Virtual Investor Conference August 21, 2025
TORONTO, Aug. 15, 2025 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (OTCQB: BYLTF) ("Baylin") announces that Leighton Carroll, Baylin CEO, will present at the Sidoti Virtual Investor Conference, taking place on August 20-21, 2025. Mr. Carroll's presentation will begin at 10 AM ET on August 21, 2025 and can be accessed live at Following the presentation, Baylin will host virtual one-on-one meetings with investors. To register for the presentation or for a one-on-one, visit Registration is free. Sidoti provides independent securities research focused specifically on small and microcap companies. It is also a leading provider of corporate access through its investor conferences. See About Baylin Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency and satellite communications products, and the provision of supporting services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market. For further information, please visit SOURCE Baylin Technologies Inc. View original content to download multimedia:
Yahoo
31 minutes ago
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Chartwell Announces August 2025 Distribution
MISSISSAUGA, ON, Aug. 15, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on September 15, 2025, to unitholders of record on August 29, 2025. Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at or from a unitholder's investment advisor. ABOUT CHARTWELLChartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country. For more information, visit For more information, please contact:Chartwell Retirement ResidencesJeffrey BrownChief Financial Officer Tel: (905) 501-6777email: investorrelations@ SOURCE Chartwell Retirement Residences (IR) View original content to download multimedia:
