Nevada Casinos Lose $3.4 Billion This Past Year

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Published on:
Jan/31/2011

LAS VEGAS — (Associated Press) - Nevada gambling regulators say the state's largest casinos lost $3.4 billion during the fiscal year that ended last June 30.

That compares with a loss of nearly $6.8 billion during the previous fiscal year.

The Nevada Gaming Control Board released its Gaming Abstract on Monday. It says the 256 casinos that grossed at least $1 million in gambling revenue combined for nearly $21 billion in total revenue.

That's down more than 5 percent compared with just over $22 billion in revenue in fiscal 2009.

Regulators say gambling revenue made up nearly $10 billion, just under half of casinos' total revenue.

The report says casinos in Clark County, including Las Vegas, generated more than $18 billion in total revenue.

Business/Financial News

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