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01-06-2012, 04:54 PM #1
Nevada's largest casinos lose $4 BILLION in 2011
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...011/52418428/1NO AMNESTY
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