South Point giving $1 million in perks, mentions tax reform costs

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Picture courtesy South Point The South Point Hotel, Gambling Establishment and Health Club, 9777 S Las Vegas Blvd.

. The South Point has joined the list of companies handing out benefits after passage of the Trump administration’s tax reform costs.

The gambling establishment launched a declaration today stating it was providing more than $1 million in bonus offers for 2017 to its employees, doubling the amount of perks for 2016.

The business also said it would be rescinding a scheduled boost in the share of medical insurance expenses paid by staff members.

“Las Vegas has actually experienced a significant amount of development over the previous few years, and this tax reform will continue to drive the economy for the city,” owner Michael Gaughan said in the statement. “The new expense will have a significant impact on our economy and, in turn, our residential or commercial property. We want to be sure that our extended family is taken care of.”

Quickly after the tax bill was passed, a variety of big corporations announced they would be handing out previously unscheduled bonuses.

According to reports, AT&T, Boeing, Wells Fargo, Comcast, and 5th 3rd Bancorp all decided to provide perks in the wake of the passage of the tax reform bill.

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