Nevada's largest casinos lose $4B in 2011

Updated 51m ago

CARSON CITY, Nev. (AP) – Nevada's largest casinos suffered a combined $4 billion loss in 2011.

A report released Friday by the state Gaming Control Board shows 256 casinos grossed $1 million or more in gambling revenue for the fiscal year ended June 30.

Combined, they had total revenue of $22 billion and posted a net loss of $3.9 billion from the previous year.

In 2010, the largest casinos had a net loss of $3.4 billion on total revenues of almost $20.9 billion.

Total revenue includes money spent by patrons on gambling, rooms, food, beverages and attractions.

The 2011 report says revenue from gamblers accounted for nearly $10.2 billion, or 46%, of total revenue.

Casinos paid $792 million in taxes and fees, equating to 7.8% of gambling revenue.

http://www.usatoday.com/money/indust...011/52418428/1