Nevada Casinos Report $2.3 Billion In Fiscal '07 Net Profits

A new report shows Nevada's major hotel-casinos posted their highest net income ever in fiscal 2007 - a combined $2.3 billion, or a gain over the previous year of nearly 9 percent.

The report released by the state Gaming Control Board also shows that the 270 resorts had more than $25 billion in total revenue for the fiscal year that ended last June 30.

A breakdown shows resorts on the Las Vegas Strip had gross revenues of $15.8 billion and a net win of $1.66 billion, up 33 percent.

Downtown Las Vegas resorts reported total revenue of $1.1 billion and net win of $64.6 million, down 54 percent.

Major clubs in the Reno-Sparks area had a revenue total of $1.64 billion and a net profit of $116 million, up 2.8 percent.

Clubs on Lake Tahoe's south shore had total revenue of $527.9 million and a net win of $26.5 million, down nearly 43 percent.

Clubs in Elko County had total revenues of $407.3 million and a net profit of $39.8 million, up 7.9 percent.


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