gold coast hotel and casino upcoming events

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Gold coast hotel and casino upcoming events

On its and tax returns, Gold Coast deducted as an expense the slot club points that had not yet been redeemed over the previous year's ending balance. On both returns, Gold Coast also recaptured as income the value of accumulated slot club points that had not been redeemed in over a year and which it had deducted as an expense in the prior year. Gold Coast argues that its deductions were proper because, using the all-events test, the last event that determined its liability occurred when the minimum number of slot club points needed to earn a prize is accumulated by a member, because under law the customer's right to the points became fixed.

Gold Coast analogized their case to a Supreme Court decision in which the Court held that a casino could deduct the guaranteed payment accrued by progressive slot machines, even though the jackpot had not been won by the end of the tax year. The Commissioner argued that, with respect to the slot club points, liability of the casino did not arise until members actually redeemed their points for prizes.

Therefore, the casino should not be allowed to deduct as expenses those points which have not been redeemed. The Commissioner stressed that not all slot club members will choose to redeem their points, therefore Gold Coast's liability is not fixed until the points are actually redeemed.

The commissioner relied on a previous Supreme Court decision that held that an employer that self-insured its employees' medical plan could not deduct the amount of money placed in a reserve account until reimbursement claims were actually filed. Gold Coast's deductions were proper, as its liability to members became fixed upon their accumulation of the minimum number of club points whether or not they chose to redeem them and because the amount of liability was known with reasonable certainty.

First prong: the all-events test: The court found that the "fundamental premise" underlying the all-events test is that expenses may not be deducted until liability is firmly established. Therefore, the liability must be fixed and unconditional and not contested or contingent upon a future event. The court disagreed with the Commissioner as to the timing of when Gold Coast became liable to its slot club members.

It rejected the Commissioner's claim that liability was not fixed until a customer redeemed his or her slot club point. Instead, the court held that Gold Coast's liability became fixed upon a member accumulating the minimum number of points required to redeem a prize. Quoting United States v. Hughes Properties, Inc.

Furthermore, Gold Coast will simply recapture as income those liabilities that were not discharged by redemption of the points in the next year. Second prong: liability must be determined with reasonable certainty: The court found that, because the parties had stipulated to the monetary value of each club point, the amount of the liability could be determined by multiplying this value by the number of accumulated points in accounts with more than the minimum number of points needed to claim a prize.

Therefore the liability is capable of being determined with reasonable certainty. This case demonstrates a court determining whether an accrual method taxpayer may deduct liabilities that may or may not be paid in the taxable year. The court applied the test found in Treas. The fact that certain club members may choose not to redeem their points does not mean that they did not have an enforceable right against the casino.

Prices are the average nightly price provided by our partners and may not include all taxes and fees. Taxes and fees that are shown are estimates only. Please see our partners for more details. Full view. View all photos Read more. Property amenities. Free parking. Casino and Gambling. Business Center with Internet Access. Paid wifi. Hot tub. Outdoor pool. Breakfast buffet. Conference facilities. Banquet room. Meeting rooms.

Baggage storage. Dry cleaning. Laundry service. Air conditioning. Room service. Flatscreen TV. Non-smoking rooms. Smoking rooms available. Languages Spoken. McCarran Intl Airport 3 mi See all flights. Boulder City Airport 22 mi See all flights.

Write a review. Traveler rating. Selected filters. All reviews ping pang pong off the strip tgi fridays noodle exchange free shuttle play bingo bowling alley boyd gaming sister property players card breakfast buffet resort fee video poker prime rib table games great buffet an older hotel sports book coffee maker slot machines non smoking palms. Berries1 wrote a review Nov Only casino that temp checked before entry. So we went down for our annual Halloween trip and out of all the casinos we went to this was the only one that temp checked you prior to entering.

My favorite restaurant is located here so it was mandatory to go. It was nice that you knew something was in place to keep the exposure to Covid as low as possible. Went back three times it was so comfortable. Date of stay: October Trip type: Traveled with friends. We appreciate you taking the time to provide positive feedback from your recent visit and we're already looking forward to your next trip!

Tom G wrote a review Oct Denver, Pennsylvania 31 contributions 25 helpful votes. Decent accommodations. Booked this place for a couple of days until I moved on to another resort. Was quiet and had large casino and great restaurants. Employees at this resort were a little cold but I could care less about that actually. You could be in the pool area without a mask with no issues. Gym was very nice as I used it one day. Date of stay: October Trip type: Traveled as a couple. Thank you so much for the five-star rating!

We're thrilled to hear you enjoyed your visit and we hope to welcome you back again soon for another amazing experience. Texas 54 contributions 34 helpful votes. Fabulous Time! Very clean room, fast room service, quiet.

The restaurants in the casino were really great. It was a fun open to casino with dining room in the rear. There's also a steak and seafood restaurant, excellent Happy Hour. We were able to use crosswalks to the Rio and the Palms. Uber and cab friendly. This place is so clean, you can't smell cigarette smells anywhere!

Huge Bingo with bar and bowling alley. It was just me and husband, and we had so much fun there everyday. Great price, location, jackpots were good too! Our trip was just weeks before Covid 19 hit the news, in February Date of stay: February Rooms. Room Tip: Top floor, no children, away from elevators. Thank you so much for the five-star rating, Texas Rose! Springfield, Minnesota contributions 72 helpful votes.

Just got back yesterday September 18th. We stayed here for 7 days. September th. It has been a while since we stayed there. We arrived at around 2 and check in was easy. Got into our room right away. Had to show your room key when entering the hotel area. Also a temp. Check every time entering the casino.

An average room and not fancy, but very clean. You could tell when entering the room it had been cleaned thoroughly. Nice room for us. No daily, had to call to get more supplies. We did once and it only took less than 10 minutes. The housekeeping employees were great and friendly. The room had 2 chairs and a table. Also only a shower, but had a coffee pot. The hallway was shampoo daily. Elevator had 4 to an elevator not a problem. The casino was easy to get around. It had a variety of machines old and new.

Many video poker machines of various kinds. Some had but you had to look. I had the best luck on 3 way poker. Won some money on those. It was open 24 hours.

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Las Vegas - Gold Coast Hotel \u0026 Casino. Just off the Las Vegas Strip between Rio \u0026 Palms. 70's vibe!

Ben Tenison The Buzzing Towers. This class is perfect for welcomes local and international comedians. This creativ Come down to. With an electric atm Wildflower gin is offering an incredible to the stage for a bespoke gin at our Gold Coast Distillery. Shatter Brain Entrapment and Idle. PARAGRAPHFitness Accessories. Every Wednesday night, The Avenue. Tuned Down for the Cause and honeygum. Saint Barae Ladia and Josh.

View information about the latest events at the Gold Coast Casino in Las Vegas, Nevada. Spend the night bowling with your friends or a league with our lane Bowling Center, or check out popular shops such as Landau Jewelry, and Gold Coast's very. Gold Coast Hotel and Casino does not have any upcoming events. Past Events. FEB2. Free Big Game Viewing Party. Sun PM PST · 18 guests. Gold Coast​.