Nevada's biggest casinos lose $1.2B in 2012

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 1/23/2013 11:59 am

CARSON CITY, Nev. (AP) — Nevada's largest casinos suffered a combined loss of $1.2 billion in 2012, despite an increase in revenues.

The annual "Gaming Abstract" released Wednesday by the state Gaming Control Board analyzes the financial information of casinos in the state that gross $1 million or more in casino revenues.

There were 265 Nevada casinos that fell into that category during the 2012 fiscal year that ended June 30 of last year

Casinos reported total revenues of nearly $23 billion, up from $22 billion the previous year.

The 2012 report marks the fourth straight year of losses for Nevada's largest casinos. But it also marks a big improvement over last year, when the resorts had a combined loss of nearly $4 billion.

 

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.