Casinos Cash In as Losers Pay Up - 8 News NOW

Casinos Cash In as Losers Pay Up

Posted: Updated:
  • Betting on the FutureMore>>

  • 8 on Your Side Breaks Down the Best Casino Bets

    8 on Your Side Breaks Down the Best Casino Bets

    Friday, November 8 2013 1:49 PM EST2013-11-08 18:49:32 GMT
    LAS VEGAS - It often takes a little luck to win big in Las Vegas, but players don't have to rely on it. Knowing which games give you the best odds helps, and that has nothing to do with luck and a lotMore>>
    Which casino games should you play if you want to win big? 8 on Your Side breaks down the statistics to show which games offer the best odds at a big payday.More>>
  • Bingo's Your Best Bet

    Bingo's Your Best Bet

    Monday, December 30 2013 4:24 PM EST2013-12-30 21:24:18 GMT
    Next time you walk past a bingo parlor you'd be foolish to make fun of the players. Nevada casinos had a lower win percentage on bingo last year than any other gambling activity, according to data fromMore>>
    Where do casinos make and lose the most money? You might be surprised to find out just which games are costing Valley casinos big.More>>
  • I-Team: High-Priced Gifts Lavished on High Rollers

    I-Team: High-Priced Gifts Lavished on High Rollers

    Wednesday, November 13 2013 2:43 PM EST2013-11-13 19:43:55 GMT
    LAS VEGAS -- Nevada's gaming industry is still trying to climb out of the hole created by the recent recession, which means the competition among casinos for the loyalties of so-called whales is ferocious.More>>
    Nevada's gaming industry is still trying to climb out of the hole created by the recent recession, which means the competition among casinos for the loyalties of so-called whales is ferocious.More>>

Nevada casinos are carrying less bad gaming debt than they did immediately following the last recession but still have more such debt on their books than they did before the economy went sour.

Casinos statewide experienced a substantial bad debt increase during the 1990-1991 recession, when the amount gamblers owed rose from $86.6 million to more than $166.5 million, according to the UNLV Center for Gaming Research.

The bad debt peaked at $248.9 million in 2000 before rapidly declining to slightly more than $54 million in 2005, when the nation's economy was relatively healthy. But a severe recession struck in late 2007, and the bad debt mushroomed once again to $197.6 million by 2009.

Since then the bad debt statewide was reduced to $128.1 million by last year, which is still more than double what it was in 2005.

Downtown Las Vegas casinos represent an exception as they carried only $84,698 in bad debt in 2012, their lowest amount since 1983.

  • Las Vegas NewsLas Vegas NewsMore>>

  • BREAKING NEWS: North Las Vegas Police investigate double shooting, one dead

    BREAKING NEWS: North Las Vegas Police investigate double shooting, one dead

    Saturday, April 19 2014 12:49 AM EDT2014-04-19 04:49:04 GMT
    North Las Vegas, NV. --North Las Vegas police are investigating a double shooting Friday night shortly before 8 p.m.Investigators said two men were shot at a home on Arbor Crest Street, near East Tropical Parkway and Donna Street.A 60-year-old man was taken to UMC Trauma with his condition unknown at this time. The second victim, a 37-year-old man, sustained non-life threatening injuries and treated on scene.Police are investigating the shooting as a domestic violence incident.More>>
    North Las Vegas, NV. --North Las Vegas police are investigating a double shooting Friday night shortly before 8 p.m.Investigators said two men were shot at a home on Arbor Crest Street, near East Tropical Parkway and Donna Street.A 60-year-old man was taken to UMC Trauma with his condition unknown at this time. The second victim, a 37-year-old man, sustained non-life threatening injuries and treated on scene.Police are investigating the shooting as a domestic violence incident.More>>
  • BREAKING NEWS: UMC lays off 100 employees

    BREAKING NEWS: UMC lays off 100 employees

    Friday, April 18 2014 9:52 PM EDT2014-04-19 01:52:41 GMT
    University Medical Center laid off more than 100 employees Friday and announced it will close four care centers.More>>
    University Medical Center laid off more than 100 employees Friday and announced it will close four care centers.More>>
  • Police investigate double stabbing

    Police investigate double stabbing

    Friday, April 18 2014 9:17 PM EDT2014-04-19 01:17:18 GMT
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.