$1.35 Billion In Losses Reported By Nevada's Major Casinos --- Nevada's big casinos are on a losing streak. For the fifth straight year, the state's largest casinos are reporting net losses – in this case, a total of $1.35 billion in the most recent fiscal year. That's the news from a report released by the Nevada Gaming Control Board Friday, which focuses on casinos that gross at least $1 million in gaming revenue. -- The most recent data showed 263 such casinos in the state, generating gaming revenue of $10.4 billion (up 1.1 percent) and total revenue of $23 billion. -- As a group, the large casinos have not reported a profit since 2008, The Las Vegas Sun reports, citing a state official. We'll note that according to the Gaming Board, the casinos' fiscal year ends on June 30. So, the newly released numbers reflect data up to last summer. -- "Statewide, slot machines accounted for 64.9 percent of the gaming win of $10.3 billion. Table games produced 31.7 percent of gaming revenues," The Sun reports. "Casinos on the Las Vegas Strip produced $15.5 billion in total revenues, with 37 percent coming from gaming. The net loss on the Strip was $1.4 billion, or 13 percent less than 2012." - More, NPR, at: http://www.npr.org/blogs/thetwo-way/2014/01/10/261466584/-1-35-billion-in-losses-reported-by-nevadas-major-casinos