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Nevada casinos suffer $4 billion net loss in fiscal 20116 January 2012
By Howard Stutz
According to the Nevada Gaming Abstract, 256 casinos, which grossed $1 million or more in gaming revenue, generated a combined net loss of $3.99 billion on total revenues of $22 billion.
In fiscal year 2010, the 256 casinos had a net loss of $3.4 billion on total revenues of almost $20.9 billion.
Total revenue is the money spent by patrons on gaming, rooms, food, beverage, and other attractions.
On the Strip, casinos reported a net lost of $2.2 billion on revenues of $14.5 billion.
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