..

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

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Fake New: How an Elaborate Hoax in the Crypto Space Led to Death Threats

Fake News: How an Elaborate Hoax in the Crypto Space Led to Death Threats

We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

Bitcoin SV as Turing Complete System

Bitcoin SV as Turing Complete System

There is a controversy that's been emerging in the cryptocurrency community that claims Bitcoin cannot be used as a turing complete system.  In computability theory, a system of data-manipulation rules is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine, meaning the ability to recognize or decide other data-manipulation rule sets.

CoinGeek NYC Live or Virtugal: One Week to Go

CoinGeek NYC Live or Virtual: One Week to Go

There’s only a week left until the CoinGeek Conference in New York City. And as a proud association partner, Bitcoin Association is inviting you to watch the final round of the 4th BSV Hackathon during the conference!

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Syndicate