10 years ago
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$1.35 Billion In Losses Reported By Nevada's Major Casinos
Nevada's big casinos are on a losing streak. For the fifth straight year, the state's largest casinos are reporting net losses – in this case, a total of $1.35 billion in the most recent fiscal year. That's the news from a report released by the Nevada Gaming Control Board Friday, which focuses on casinos that gross at least $1 million in gaming revenue.
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They probably have some kind of tax loophole that allows them to legitimately report losses hence why they are all still open and will continue to be.