DOOLEY Observed: Nevada's largest casinos lose $4 billion 2011

Thomas Jefferson said in 1802: "I believe that banking institutions are more dangerous to our liberties than standing armies."

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."-- Thomas Jefferson

"When in danger or in doubt, run in circles, scream and shout." .... jbd

"When once a job you have begun, do no stop till it is done. Whether the task be great or small, do it well, or not at all." .... Anon

Insanity: doing the same thing over and over again and expecting different results. - Albert Einstein

Television is one daylong commercial interrupted periodically by inept attempts to fill the airspace in between them.

If you can't start a fire, perhaps your wood is wet ....

When you elect clowns, expect a circus ..............

Sunday, January 8, 2012

Nevada's largest casinos lose $4 billion 2011

And, we're building new ones in Ohio -------- to make MONEY?

CARSON CITY, Nev. (AP) —

Nevada's largest casinos suffered a combined $4 billion loss in 2011.

A report released Friday by the state Gaming Control Board shows 256 casinos grossed $1 million or more in gambling revenue for the fiscal year that ended June 30.

Combined, they had total revenue of $22 billion and posted a net loss of $3.9 billion from the previous year.

In 2010, the largest casinos had a net loss of $3.4 billion on total revenues of almost $20.9 billion.

Total revenue includes money spent by patrons on gambling, rooms, food, beverages and attractions.

The report says revenue from gamblers accounted for nearly $10.2 billion, or 46 percent, of total revenue.

Casinos paid $792 million in taxes and fees, equating to 7.8 percent of gambling revenue.