Nevada Casinos Lose $3.4 Billion This Past Year

Written by:
Guest
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

Does Your Pay Per Head Site have Live Wagering?

One of the hottest sports betting trends in recent years is live wagers during the actual games. Live betting keeps the action coming throughout the entire contest with betting lines constantly adjusting to the action on the field or on the court.

GME Halted Today Betting Odds Now Up

On Friday, the stock closed lower by 39% after the company reported fiscal first-quarter earnings ahead of its schedule and Roaring Kitty (Keith Gill) held a live stream.

Roaring Kitty Charged in 2024 Betting Odds

On Monday June 3, the GameStop price was surging once again after the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer on Sunday.

Syndicate