It was the 5th 12 months running for a downturn in Nevada’s web revenues for fiscal 2013, based on the Gaming Control Board
It had been bad news and kind of good news for the Silver State’s gambling enterprises when Nevada’s Gaming Control Board released their annual Gaming Abstract Report later a week ago. The bad news was that Nevada’s 263 combined casinos experienced a fifth straight year of financial internet losses; nevertheless the good news is that their actual intake revenues increased a tad compared to 2012.
However, a web loss is a net loss, and fiscal 2013 had been a little bit worse than 2012, having a final tally of minus $1.348 billion,compared to $1.212 billion in 2012.
It is all part of the baby step healing up process from Nevada’s massive turndown from the nation’s recession, which undoubtedly hit this casino-centric area hard since 2009. In reality, fiscal 2008 was the time that is last’s casinos general showed a net profit, and that was for $721.1 million. The following year, the state took its biggest hit, by having a $6.8 billion web loss for casinos statewide. Ouch.
The Las vegas, nevada Strip naturally sets the rate as it pertains to Nevada gaming, and a small 1.7 percent revenue jump through the final year that is fiscal was not enough to leave a revenue; overall, Strip casinos marked a $1.5 billion loss for the entire year. But once again, some silver lining here; ادامه خواندن “Nevada Casinos Can’t Profit for Losing for Fifth Straight Year”