Geoff Dornan

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January 11, 2014
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Nevada casinos net loss in 2013

Nevada’s major casinos reported a slight increase in gaming win in 2013. However, the gain was wiped out by increases in expenses, leaving the industry with a net loss of $1.35 billion. It was the fifth consecutive fiscal year loss for Nevada’s biggest industry. But that loss is on paper, caused by write-downs of assets, bankruptcy reorganizations, administrative costs and other expenses and credits that reduce the bottom line. According to the annual Gaming Abstract issued by the Gaming Control Board on Friday with the 2012 abstract, $598 million of that expense increase was the result of those types of …

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The Nevada Appeal Updated Jan 13, 2014 12:32PM Published Jan 11, 2014 12:23AM Copyright 2014 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.