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      Casinos lose billions in 2011

      CARSON CITY, Nev. (AP) -- Nevada's largest casinos suffered a combined $4 billion loss in 2011.

      A report released Friday by the state Gaming Control Board shows 256 casinos grossed $1 million or more in gambling revenue for the fiscal year that ended June 30.

      Combined, they had total revenue of $22 billion and posted a net loss of $3.9 billion from the previous year.

      In 2010, the largest casinos had a net loss of $3.4 billion on total revenues of almost $20.9 billion.

      Total revenue includes money spent by patrons on gambling, rooms, food, beverages and attractions.

      The report says revenue from gamblers accounted for nearly $10.2 billion, or 46 percent, of total revenue.

      Casinos paid $792 million in taxes and fees, equating to 7.8 percent of gambling revenue.

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