Nevadas largest casinos wrote off $70.1 million in casino credit as unpayable in the most recent fiscal year, according to figures from state gaming regulators.
The information was made public in the annual Nevada Gaming Abstract.
The figure represented 0.6 percent of gaming revenue in the fiscal year that ended June 30, 2017. The 272 casino licensees that collected at least $1 million in gambling winnings in the fiscal year won a combined $11.1 billion during the time frame.
According to historical data compiled by the University of Nevada Las Vegas, the $70.1 million bad debt expense was the lowest since the casinos wrote of $54.1 million in FY 2005. The worst ever fiscal year in terms of the bad debt expense was back in 2000, w…
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