Largest Nevada casinos report $2 billion gain in fiscal 2019

  • FILE - In this Jan. 1, 2020, file photo, fireworks for New Year's Eve erupt over the Strip in Las Vegas. Regulators say Nevada's largest casinos reaped more than $2 billion from gambling, room rentals, food and beverage sales, and other customer offerings during the 2019 fiscal year. The Nevada Gaming Control Board annual 'œgaming abstract' issued Friday, Feb. 7, 2020, looked at financial information from 290 casinos grossing $1 million or more from gambling during the 12-month span ending last June 30. (L.E. Baskow/Las Vegas Review-Journal via AP, File)

    FILE - In this Jan. 1, 2020, file photo, fireworks for New Year's Eve erupt over the Strip in Las Vegas. Regulators say Nevada's largest casinos reaped more than $2 billion from gambling, room rentals, food and beverage sales, and other customer offerings during the 2019 fiscal year. The Nevada Gaming Control Board annual 'œgaming abstract' issued Friday, Feb. 7, 2020, looked at financial information from 290 casinos grossing $1 million or more from gambling during the 12-month span ending last June 30. (L.E. Baskow/Las Vegas Review-Journal via AP, File) Associated Press

 
 
Updated 2/7/2020 7:28 PM

CARSON CITY, Nev. -- Nevada's largest casinos reaped more than $2 billion from gambling, food and beverage sales, room rentals and other factors during the 2019 fiscal year, state regulators reported Friday.

The Nevada Gaming Control Board annual 'œgaming abstract' looked at financial information from 290 casinos grossing at least $1 million from gambling during the 12 months ending last June 30.

                                                                                                                                                                                                                       
 

Those properties reported total revenues of $24.5 billion and paid $892.3 million in gambling taxes and fees, or 10.2% of their gambling revenue, according to the report.

The results compared with a net loss of $1.17 billion in fiscal 2018 on total revenues of $27.1 billion at 289 casinos. Those figures were attributed to expenses from Caesars Entertainment's reorganization after it emerged from bankruptcy in late 2017.

The 179-page report also charted employee numbers, room occupancy rates, revenue earned per room per day and gambling revenue earned per-square-foot of casino floor space, among other measurements.

The 169 large casinos in Las Vegas and Clark County reported net income of $1.9 billion from revenues of nearly $22 billion.

Thirty-four casinos in Washoe County, including Reno, reported $128.3 million in income from revenues of $1.45 billion.

Elko County's 19 large casinos reported $58.4 million in net income.

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