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Home / News / Casinos / Heavy losses for Nevada casinos

Heavy losses for Nevada casinos

March 13, 2010 by Casino Jackpot Leave a Comment

Here’s some news that will open the eyes of many people over the persistent problems of land casinos. The final balance of the year 2009 for the Nevada casinos is a disaster. Listing over 260 casinos, the loss amounted to almost 7 billion dollars (June 2008-June 2009). A loss all the more impressive shows and proves that the rise of online casinos.

The famous Avenue “Strip Boulevard,” which normally attracts a multitude of players, a loss of over 4 billion dollars. It contributes to over half of the loss caused. If we compare this year 2009 with the preceding, we include 686% loss since the year 2008 had brought more than 700 million dollars. The difference is surprising in one year.

The competition is very fierce in the U.S. and the opening of gambling in neighboring states greatly inflame certain regions. As we all know, the economic crisis especially America is not there to help gambling, quite the contrary since it draws from many schools in the fall.

However, we note a slight increase, only 3% of the sale of liquor. A sale in which a group of casinos are not very proud. Players tend to drown their problems in drinking games.

The land casinos have had to let some employees of the institution to a minimum, do not collapse like many other casinos. There almost 16.000 redundancies during the period June 2008 to June 2009.

The recent loss of casinos in Nevada date back to 2003 because they had incurred losses of $ 35 million. However, losses in 2009 are much more impressive.

The head of a casino to declare that 2010 will help recover losses caused in 2009. We wish him.

Filed Under: Casinos

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