Nevada’s largest casinos lose $4 billion 2011

Jan 6, 2012, 7:47 PM

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 that 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 report says revenue from gamblers accounted for nearly $10.2 billion, or 46 percent, of total revenue.

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

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

United States News

Abortion-rights activists chant after handcuffing themselves to the front steps of Los Angeles City...
Associated Press

EU Parliament condemns US abortion ruling, seeks safeguards

BRUSSELS (AP) — The European Union’s parliament on Thursday overwhelmingly condemned the end of constitutional protections for abortion in the United States and called for such safeguards to be enshrined in the EU’s fundamental rights charter. In a 324-155 vote with 38 abstentions, European Parliament lawmakers adopted a resolution that crystalized the anger seen in […]
7 hours ago
A hiring sign is displayed at a gas station as a customer walks past in Buffalo Grove, Ill., Thursd...
Associated Press

U.S. jobless claims rise to 235k, most in nearly six months

WASHINGTON (AP) — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from the previous week and […]
7 hours ago
(File Photo by John Moore/Getty Images)...
KTAR.com

3 arrested after 86 undocumented immigrants found in Phoenix

Three people were arrested last week for allegedly conspiring to smuggle nearly 90 undocumented immigrants into Phoenix for profit, authorities said. 
7 hours ago
Associated Press

UK warship seizes advanced Iranian missiles bound for Yemen

DUBAI, United Arab Emirates (AP) — A British Royal Navy vessel seized a sophisticated shipment of Iranian missiles in the Gulf of Oman earlier this year, officials said Thursday, pointing to the interdiction as proof of Tehran’s support for Yemen’s Houthi rebels in the embattled country. The British government statement was striking in that it […]
7 hours ago
FILE - Chinese Foreign Ministry spokesperson Zhao Lijian gestures during a press conference at the ...
Associated Press

China lashes out at US, British intelligence services

BEIJING (AP) — The United States is “the biggest threat to world peace, stability and development,” China said Thursday, continuing its sharp rhetoric in response to U.S. accusations of Chinese spying and threats to the international order. Foreign Ministry spokesperson Zhao Lijian’s comments came a day after the head of the FBI and the leader […]
7 hours ago
FILE - Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door ...
Associated Press

Dems want to tax high earners to protect Medicare solvency

WASHINGTON (AP) — Senate Democrats want to boost taxes on some high earners and use the money to extend the solvency of Medicare, the latest step in the party’s election-year attempt to craft a scaled-back version of the economic package that collapsed last year, Democratic aides told The Associated Press. Democrats expect to submit legislative […]
7 hours ago

Sponsored Articles

...
Dr. Richard Carmona

Great news: Children under 5 can now get COVID-19 vaccine

After more than two years of battle with an invisible killer, we can now vaccinate the youngest among us against COVID-19. This is great news.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
...
Arizona Division of Problem Gambling

Arizona Division of Problem Gambling provides exclusion solution for young sports bettors

Sports betting in Arizona opened a new world to young adults, one where putting down money on games was as easy as sending a text message.
Nevada’s largest casinos lose $4 billion 2011