The Nevada Gaming Control Board (NGCB) revealed that the state’s 289 casinos reported a net loss of $1.17b in fiscal 2018, a huge swing from the $1.56b profit in fiscal 2017. Fiscal 2018’s net loss of the casinos also snapped Nevada’s two-year streak of annual profit increases. Senior GCB analyst Michael Lawton attributed Caesars’ restructuring of its bankrupt main unit as the cause of the incurred net loss.
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 Life is like a sewer –
what you get out of it depends on what you put into it.
—Tom Lehrer |
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The Story
The Nevada Gaming Control Board (NGCB) revealed that the state’s 289 casinos reported a net loss of $1.17b in fiscal 2018, a huge swing from the $1.56b profit in fiscal 2017. Fiscal 2018’s net loss of the casinos also snapped Nevada’s two-year streak of annual profit increases. Senior GCB analyst Michael Lawton attributed Caesars’ restructuring of its bankrupt main unit as the cause of the incurred net loss. |
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On the third day of ICE London 2019, CalvinAyre.com’s Becky Liggero takes us on a tour at the different booths at the ICE London expo floor.
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CalvinAyre.com’s Becky Liggero talks with SBC Events’ Andrew McCarron on why the Betting on Football and Betting on Sports America are must-attend events for iGaming enthusiasts.
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Six commercial banks in Saudi Arabia and the United Arab Emirates recently joined a 12-month project where they will use a digital currency for cross-border transactions.
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Eventus International is giving a huge discount for those who will purchase tickets for its upcoming events before Friday, February 8, 2019.
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| Congratulations to Joelle Shearin for being appointed as the new GM and President for Hard Rock Hotel & Casino Lake Tahoe! Shearin, who has been in the casino and finance industry for the past 15 years, was recently Penn National’s Argosy Casino Alton’s VP and GM. |
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