Largest Nevada Casinos Lose $3.4B During Fiscal 2010 - 8 News NOW

Largest Nevada Casinos Lose $3.4B During Fiscal 2010

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LAS VEGAS -- Nevada gambling regulators say the state's largest casinos lost $3.4 billion during the fiscal year that ended last June 30.

That loss 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. 

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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